Distribution to Those Impacted by Hurricane
Maria is the Latest in the Company’s Donation of 15 Million Pairs
of New Shoes to Kids Worldwide
With recognition that Puerto Rico remains in need of many
essentials a year after Hurricane Maria devastated the territory,
Skechers USA, Inc. (NYSE:SKX) has donated 15,000 pairs of new shoes
to children on the island. The donation is part of the Company’s
BOBS from Skechers philanthropic shoe program, through which the
Company has donated 15 million pairs of new shoes to children
affected by poverty, homelessness and natural disasters around the
globe.
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San Juan students personalize their new
pair of BOBS from Skechers during a donation event, providing aid
to those affected by Hurricane Maria in Puerto Rico. (Photo:
Business Wire)
“Recovery from hurricanes is not a sprint, it’s a marathon – and
much work still needs to be done in Puerto Rico,” said Michael
Greenberg, president of Skechers. “We saw this with power taking
nearly a year to be completely restored to the island, and we’re
seeing it in the families still putting their lives back together
today. It’s crucial that we continue to distribute supplies to
families in cities as well as more remote regions to let them know
that they haven’t been forgotten. And with residents just beginning
to assess the damage from Hurricane Florence, our outreach
continues as we expect to be in the Carolinas in the coming months
to help those impacted in that region as well.”
Skechers coordinated with charity partner Delivering Good, local
organization the Carlos Beltran Foundation and Skechers retail
employees on the ground to deliver shoes to approximately 1,200
children through three donation events in August and September in
the San Juan and Vega Baja regions to date, with another 1,900
pairs to reach children at seven donation events throughout the
island by the end of September. Additional events are planned
through the remainder of 2018.
The territory-wide relief effort is the latest in a series of
donation events that the footwear brand has launched for hurricane
victims in Puerto Rico and the States. In February 2018, Skechers
donated 5,000 pairs of socks and 2,400 backpacks in care packages
benefitting Puerto Rico’s city and remote residents. The Company
also partnered with Delivering Good to distribute BOBS from
Skechers shoes, goods and relief to flood victims in Texas and
Florida following Hurricanes Harvey and Irma in 2017.
Since the program’s inception in 2011, the BOBS from Skechers
program has donated new shoes to more than 15 million kids in the
United States and more than 30 countries worldwide through the Head
Start programs, education foundations, homeless shelters, disaster
relief, and 501 (c)(3) organizations. Beyond the United States, the
list of countries receiving donations in 2018 has also included
Nicaragua, Haiti, Netherlands, Guatemala, Honduras, Jamaica,
Lebanon and Jordan.
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 170 countries and territories worldwide via department and
specialty stores, 2,715 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 www.skechers.com and follow us on Facebook
(facebook.com/SKECHERS), Instagram (Instagram.com/SKECHERS) and
Twitter (twitter.com/SKECHERSUSA).
About Delivering Good
Delivering Good, Inc. (formerly K.I.D.S./Fashion Delivers) is a
501(c)(3) nonprofit, and the charity of choice for new product
donations made by hundreds of companies in the fashion, home and
children’s industries. Donating new merchandise provides these
companies with a simple and effective way to help millions of kids,
adults and families facing poverty and disaster each year. Since
1985, over $1.8 billion of donated product has been distributed
through our network of community partners. Learn more at
www.Delivering-Good.org.
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, 2017, and its quarterly report
on Form 10-Q for the three months ended June 30, 2018. 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.
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SKECHERS USAJennifer Clay, (310) 937-1326jennc@skechers.com
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