SKECHERS
USA, Inc. (NYSE:SKX), today announced that it has been named 2015
Company of the Year and honored with a design excellence award in the
Athleisure category from trade publication Footwear Plus. This
marks the seventh time that SKECHERS has received the top honor for
Company of the Year, and its eighth Plus Award for footwear design
excellence.
Created by Footwear Plus and co-sponsored by the Fashion Footwear
Association of New York (FFANY), the 17th Annual Plus Awards were
nominated and voted on by thousands of footwear retailers and consumers
nationwide in recognition of the industry’s most compelling product
offerings.
“I am honored SKECHERS
has received two Plus Awards that reflect our tremendous success and
achievements this past year,” said SKECHERS president Michael
Greenberg.“We opereate in a highly competitive industry, so being named
Company of the Year for consecutive years and seven times overall is a
testament to the ongoing strength of our brand along with our ability to
deliver footwear that consumers around the world desire most. And with
athleisure being one of the hottest trends in the market today, we’re
thrilled to receive a Plus Award for design excellence in this
trend-forward category as well. With many innovative new products in the
pipeline, we will continue to build on this momentum in 2016.”
“Since SKECHERS won their first Plus Award in 2000, they have
demonstrated remarkable growth, tenacity and evolved into an industry
leader with a global footprint,” added Greg Dutter, Editorial Director
of Footwear Plus. “Their ability to identify trends in the market
and rapidly deliver footwear that consumers love to wear has contributed
to SKECHERS’ tremendous success this past year. Brands that can
effectively evolve in a rapidly changing market will rise to the top,
and SKECHERS has demonstrated they understand what it takes to achieve
greatness in their industry.”
Previous Footwear Plus honors for SKECHERS
include the Company of the Year Award in 2005, 2006, 2008, 2009, 2010,
and 2014, and Plus Awards for Design Excellence in 2000 for Young
Women’s Fashion; in 2001 for Women’s Streetwear; in 2005 and 2006 for
Men’s Streetwear; in 2002 for Kids’ Fashion, and in 2013 for the Running
and Children’s categories.
SKECHERS offers two distinct footwear categories: a lifestyle division
which includes comfort-focused, trend-right product for men, women and
kids, and the Skechers Performance Division which offers Skechers GOrun
and Skechers GOwalk footwear.
Celebrity brand ambassadors for SKECHERS' collections include boxing
champion Sugar Ray Leonard, legendary drummer Ringo Starr,
multi-platinum recording artist Demi Lovato, Grammy-nominated singer and
songwriter Meghan Trainor, model and actress Kelly Brook, and TV
personality Brooke Burke-Charvet. In addition, elite runners Meb
Keflezighi and Kara Goucher as well as pro golfers Matt Kuchar, Colin
Montgomerie, Belén Mozo, and Billy Andrade represent the Skechers
Performance Division.
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 1,200 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 13
wholly-owned subsidiaries in Brazil, Canada, Chile, Japan, Latin
America 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 across the Company’s three main business channels
and globally, its planned expansion and opening of new stores,
advertising and marketing initiatives, and the conclusion of legal
matters. 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 and its quarterly
report on Form 10-Q for the quarter ended September 30, 2015. 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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