SKECHERS moves up from S&P SmallCap 600®
SKECHERS USA, Inc. (NYSE:SKX), a global leader in footwear, today
announced that the Company has been added to the S&P MidCap 400 Index®,
effective as of the close of trading Tuesday, June 30, 2015.
“We are pleased to be added to the S&P MidCap 400 Index®, which reflects
our continued positive momentum across our global business,” commented
David Weinberg, Chief Operating Officer and Chief Financial Officer.
“This selection by S&P recognizes our strong growth and leading position
in the footwear sector and our ability to deliver shareholder value.”
The S&P MidCap 400® provides investors with a benchmark for mid-sized
companies. The index, which is distinct from the large-cap S&P 500®,
measures the performance of mid-sized companies, reflecting the
distinctive risk and return characteristics of this market segment.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the
world’s largest, global resource for index-based concepts, data and
research. Home to iconic financial market indicators, such as the S&P
500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC
has over 115 years of experience constructing innovative and transparent
solutions that fulfill the needs of investors. More assets are invested
in products based upon our indices than any other provider in the world.
With over 1,000,000 indices covering a wide range of asset classes
across the globe, S&P Dow Jones Indices LLC defines the way investors
measure and trade the markets.
About SKECHERS USA, Inc.
SKECHERS USA, Inc., 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 and over 120
countries and territories worldwide via department and specialty stores,
more than 1,050 SKECHERS retail stores, and the Company’s e-commerce
website. The Company manages its international business through a
network of global distributors, joint venture partners in Asia, and 12
wholly-owned subsidiaries in Brazil, Canada, Chile, Japan and throughout
Europe. 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 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
international economic, political and market conditions including the
uncertainty of sustained recovery in Europe; 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, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150702005217/en/
Copyright Business Wire 2015