SKECHERS Named Footwear Brand of the Year and Fashion Brand of the Year at The Footwear Industry Awards
February 18 2015 - 8:00AM
Business Wire
SKECHERS USA, Inc. (NYSE:SKX) today announced that it has been
named Footwear Brand of the Year and Fashion Footwear Brand of the
Year at The Footwear Industry Awards. SKECHERS was also highly
commended in the Sports Brand of the Year category. This
achievement follows a year when SKECHERS won multiple top industry
awards in the United States, including Company of the Year from
both Footwear News and Footwear Plus.
“We are incredibly honored to have been recognized as Footwear
Brand of the Year. This marks the first Footwear Industry Awards
win for SKECHERS in the top category along with our second straight
Fashion Brand of the Year win,” commented Peter Youell, Managing
Director of SKECHERS UK and Ireland. “It’s a privilege to receive
this recognition amongst such notable brands that were shortlisted
in our categories. These awards are a testament to the strength of
the SKECHERS brand in the UK and the ongoing support from our
retail partners to reaffirm and elevate SKECHERS as a leading
lifestyle and fashion footwear brand.”
“Awards like this illustrate how our brand and product are
resonating with more consumers than ever before,” said David
Weinberg, SKECHERS chief operating officer and chief financial
officer. “In 2014, SKECHERS experienced over 50 percent
year-over-year annual net sales growth within our UK subsidiary,
where we shipped more than 2.7 million pairs and surpassed $100
million in sales through wholesale and Company-owned retail stores.
We believe our success in the UK will continue thanks to our
in-demand product and great retail partners. Building on this
momentum, we expect our international sales to become 50 percent of
our total business in the next 3 to 4 years.”
The prestigious annual awards event was held on Sunday, February
15, during the Moda Footwear Show and organized by Datateam
Business Media with the support of the British Footwear Association
(BFA), Independent Footwear Retailers Association (IFRA), The
Society of Shoe Fitters and Footwear Today.
The Footwear Industry Awards recognize excellence at every
level, and SKECHERS won over a strong competitive field that
included Clarks, Rieker, Fly London and Gabor. SKECHERS’ previous
Footwear Industry Awards honors include Fashion Brand of the Year
and Sports Brand of the Year in 2014, and the Company was highly
commended in the Comfort and Wellness category for 2014 as
well.
SKECHERS offers two distinct footwear categories: a lifestyle
division which offers comfort-focused trend-right product for men,
women and kids including Relaxed Fit®, Skechers Memory Foam
footwear and the philanthropic line BOBS from SKECHERS, and the
Skechers Performance Division which includes Skechers GOrun and
Skechers GOwalk footwear.
Celebrity product endorsees for SKECHERS' collections include
legendary drummer Ringo Starr, multi-platinum recording artist Demi
Lovato, as well as model and actress Kelly Brook. In addition,
elite marathon champion and Boston Marathon winner Meb Keflezighi
represents 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 100 countries and territories worldwide via department and
specialty stores, more than 1,000 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 (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
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 September 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.
SKECHERS USA, Inc.Jennifer Clay, 310-937-1326
Skechers USA (NYSE:SKX)
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