After winning the 2014 Company of the Year award from Footwear News
and experiencing third quarter 2014 growth that resulted in the
Company’s highest quarterly revenues in its history, SKECHERS
achieved a new milestone: the opening of the one thousandth SKECHERS
retail store.
A new SKECHERS retail store that opened in California in 2014 (Photo: Business Wire)
The far-reaching locations of SKECHERS stores around the world
illustrate the extensive global reach of the brand across six continents
and more than 75 countries. The Company hit the thousandth store mark
with the opening of a new store in Mexico City today, preceded by an
additional store opening in Mexico earlier this week and two in
California last week.
“When we opened the first SKECHERS
retail store almost 20 years ago, it was hard to imagine we’d one day
hit this amazing milestone that truly showcases our global reach,” said
Michael Greenberg, president of SKECHERS. “Being profitable marketing
vehicles, every SKECHERS store is a living, breathing catalog that
offers consumers the largest assortment of SKECHERS, and now we’re
improving that experience with an omnichannel approach to retail in our
domestic market. As a key component of our distribution model, SKECHERS
retail stores strategically grow our footprint and combine with
marketing to support our wholesale business and build brand awareness
worldwide.”
The first SKECHERS
retail store opened in 1995 down the street from the Company’s Manhattan
Beach, CA, corporate headquarters, and the first international stores
opened in 2001 in Paris, London and Tokyo. The Company continued its
global expansion, opening in new markets each year, including earlier
this year with its first stores in Angola, Algeria, Belarus, Georgia,
Latvia, Libya and Romania to be followed by Slovakia, Nepal and Zimbabwe
later this year. By the end of 2014, an additional 35-45 SKECHERS stores
will open worldwide bringing our total to approximately 1,050 stores.
The look and feel of the SKECHERS company-owned and franchisee stores is
consistent around the world.
SKECHERS
offers an assortment of more than 3,000 lifestyle and performance
footwear styles for men, women and kids. The Company raises awareness
for its collections through celebrity endorsees that currently include:
iconic drummer Ringo Starr, multi-platinum recording artist Demi Lovato,
English model and actress Kelly Brook, TV personality Brooke
Burke-Charvet, country music star Danielle Bradbery, legendary
quarterbacks Joe Montana and Joe Namath, as well as baseball stars Pete
Rose and Mariano Rivera. In addition, Boston Marathon winner Meb
Keflezighi, elite runner Kara Goucher, and pro golfer Matt Kuchar
represent the Skechers Performance Division.
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, its planned opening of new stores,
advertising and marketing initiatives, and the expansion and automation
plans for the Company’s European Distribution Center. 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; entry into 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 Form 10-Q for the quarter ended June 30,
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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