President Bill Clinton delivered the keynote address at the annual
Global Conference for SKECHERS
USA, Inc. (NYSE:SKX), which was recently called “the hottest major
(footwear) brand in the U.S.” by Princeton Retail Analysis*.
President Bill Clinton with SKECHERS President Michael Greenberg (Photo: Business Wire)
At the event held in Redondo Beach, CA on June 26, 2014, President
Clinton spoke to 1,500 SKECHERS executives, team members and
international partners about the importance of working together toward
common goals for the sake of shared prosperity in the world. Using the
successes of the Clinton Foundation in the context of ever-changing
political and social challenges as his case-study, President Clinton
said, “Within America, all over the world, people who believe in win-win
scenarios, who really are trying to build networks of creative
cooperation are making good things happen.”
At the conclusion of his remarks, President Clinton sat down for an
on-stage interview with Michael Greenberg, president of SKECHERS,
where they discussed importance of strong leadership, communication,
service and social media within the global marketplace. After the event,
Greenberg noted: “It was an incredible honor to sit down for a
conversation with President Clinton this afternoon. His perseverance and
commitment to action through the Clinton Foundation and beyond is an
inspiration to all. The theme of the SKECHERS Global Conference this
year was Innovate to Elevate and the President’s message about
institutionalizing constant change in a positive way speaks strongly to
our company, our culture and everyone who has helped make SKECHERS
a success story around the world.”
Adding to the motivational themes of the day, the conference also
featured an appearance by elite runner Meb Keflezighi, who was wearing
Skechers GOmeb Speed 3 shoes when he became the first American male in
over three decades to win the Boston Marathon.
*Matt Powell, April 2014 Footwear Overview
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.
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