Skechers Wins Ladies Footwear Brand of the Year and Leader in Customer Service at the Footwear Industry Awards

LONDON--()--SKECHERS USA, Inc. (NYSE:SKX) has been named Ladies Brand of the Year and Leader in Customer Service at the 2018 Footwear Industry Awards last week. The Company also received recognition as highly commended Footwear Brand of the Year and Fashion Brand of the Year.

“It is a privilege to be honored with Ladies Brand of the Year for a second year running and Leader in Customer Service for the first time,” said Peter Youell, Managing Director of SKECHERS U.K. and Ireland. “These acknowledgments are the result of hard work and devotion of our SKECHERS team in the U.K. and in the USA, allowing us to sit amongst the top leaders in the footwear industry. Our gratitude extends to our supportive retail partners who together, continue to elevate our brand and highlight the growing appeal for trend right comfort in the footwear market year after year.”

“Thanks to our international business, we were able to produce yet another solid year, with annual sales setting a new record of $4.16 billion,” added Marvin Bernstein, managing partner of SKECHERS S.à.r.l. “The brand’s continuous growth has allowed SKECHERS to be one of the most in-demand footwear and apparel brands in the U.K. for nearly a quarter of a century.”

SKECHERS has been honored with numerous Footwear Industry Awards, including Brand of the Year in 2015, 2016, and 2017.

SKECHERS offers two distinct footwear categories: a lifestyle division which offers comfort-focused, trend-right product for men, women and kids, and the Skechers Performance Division for elite athletes and sports enthusiasts.

Celebrity product endorsees for Skechers' collections include chart-topping singer Camila Cabello, actress Kelly Brook, and boxing great Sugar Ray Leonard. The Company’s Skechers Performance Division ambassadors include elite marathon champion Meb, as well as a team of pro golfers that include Scotland’s Colin Montgomerie.

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 160 countries and territories worldwide via department and specialty stores, 2,570 SKECHERS Company-owned and third-party-owned retail stores, and the Company’s e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America. 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, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and 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 international economic, political and market conditions including the challenging consumer retail markets in the United States; 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, especially in the highly competitive performance footwear market; 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, 2016 and its quarterly report on Form 10-Q for the nine months ended September 30, 2017. The risks included here are not exhaustive. Skechers 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.

Contacts

SKECHERS USA
Jennifer Clay
jennc@skechers.com

Release Summary

SKECHERS WINS LADIES FOOTWEAR BRAND OF THE YEAR AND LEADER IN CUSTOMER SERVICE AT THE FOOTWEAR INDUSTRY AWARDS

Contacts

SKECHERS USA
Jennifer Clay
jennc@skechers.com