SKECHERS
USA, Inc. (NYSE:SKX) today announced that sporting goods industry
expert Matt Powell from Princeton Retail Analysis stated SKECHERS is
currently the “hottest major brand in the U.S.” in his April 2014
Footwear Overview released last week. The Company has also moved up the
rankings for top athletic shoe companies to secure the number five
market share position.
Powell also reported SKECHERS
had a 50 percent gain in brand share for April 2014 and secured the
number nine position for the top 25 athletic shoes sold in the U.S.
during the month of April. This news follows the best first quarter
(2014) net sales and second highest annual (2013) net sales in SKECHERS’
22-year history as well as Meb Keflezighi’s triumphant win at the 2014
Boston Marathon wearing Skechers
Performance racing shoes.
“The strong performance by SKECHERS in April is evidence that the
momentum of our record first quarter sales continues to drive us
forward,” said Michael Greenberg, president of SKECHERS.
“We’re firing on all cylinders with product initiatives and fresh
innovative footwear styles that are clearly resonating with consumers.
We believe this positive trend will continue as the demand for our brand
remains strong worldwide.”
SKECHERS
has collected numerous accolades in recent months, winning several
footwear industry awards including: Footwear News’ Brand of Year
for Skechers
GOrun, two Excellence in Design awards from Footwear Plus
magazine, and the Company was named Fashion Footwear Brand of the Year
at the 2014 Footwear Industry Awards in the UK.
About SKECHERS USA, Inc.
SKECHERS USA, Inc. (NYSE:SKX), based in Manhattan Beach, California,
designs, develops and markets a diverse range of lifestyle footwear for
men, women and children, as well as performance footwear for men and
women. SKECHERS footwear is available in the United States via
department and specialty stores, Company-owned SKECHERS retail stores
and its e-commerce website, and in over 100 countries and territories
through the Company’s international network of subsidiaries in Canada,
Brazil, Chile, Japan, and across Europe, as well as through joint
ventures in Asia and distributors around the world. For more
information, please visit skechers.com,
and follow us on Facebook (facebook.com/SKECHERS)
and Twitter (twitter.com/SKECHERSUSA).
This announcement contains forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements include,
without limitation, the Company’s future growth, financial results and
operations, its development of new products, future demand for its
products and growth opportunities, and its planned opening of new
stores, advertising and marketing initiatives. Forward-looking
statements can be identified by the use of forward looking language such
as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,”
“project,” “will be,” “will continue,” “will result,” “could,” “may,”
“might,” or any variations of such words with similar meanings. Any such
statements are subject to risks and uncertainties that could cause
actual results to differ materially from those projected in
forward-looking statements. Factors that might cause or contribute to
such differences include the resignation of the Company’s former
independent registered public accounting firm, and its withdrawal of its
audit reports with respect to certain of the Company’s historical
financial statements; international, national and local general
economic, political and market conditions including the ongoing global
economic slowdown and market instability; consumer preferences and rapid
changes in technology in the highly competitive performance footwear
market; sustaining, managing and forecasting costs and proper inventory
levels; losing any significant customers, decreased demand by industry
retailers and cancellation of order commitments due to the lack of
popularity of particular designs and/or categories of products;
maintaining brand image and intense competition among sellers of
footwear for consumers; anticipating, identifying, interpreting or
forecasting changes in fashion trends, consumer demand for the products
and the various market factors described above; sales levels during the
spring, back-to-school and holiday selling seasons; and other factors
referenced or incorporated by reference in the Company’s annual report
on Form 10-K for the year ended December 31, 2013 and its quarterly
report on Form 10-Q for the three months ended March 31, 2014. The risks
included here are not exhaustive. The Company operates in a very
competitive and rapidly changing environment. New risks emerge from time
to time and the companies cannot predict all such risk factors, nor can
the companies assess the impact of all such risk factors on their
respective businesses or the extent to which any factor, or combination
of factors, may cause actual results to differ materially from those
contained in any forward-looking statements. Given these risks and
uncertainties, you should not place undue reliance on forward-looking
statements as a prediction of actual results. Moreover, reported results
should not be considered an indication of future performance.
Copyright Business Wire 2014