Industry News 11/15/2013

B$Z: SKECHERS Donates More Than 200,000 Pairs of BOBS Shoes to Typhoon Victims in the Philippines

SKECHERS Donates More Than 200,000 Pairs of BOBS Shoes to Typhoon Victims in the Philippines, Contribution to Mark the Six-Million-Pair Donation Milestone for the Footwear Company
Press Release from Skechers

MANHATTAN BEACH, Calif. -- (BUSINESS WIRE) -- SKECHERS USA, Inc. (NYSE:SKX) today announced that through the Company’s charitable shoe program, BOBS from SKECHERS, it will give more than 200,000 pairs of new shoes to support the children affected by Typhoon Haiyan in the Philippines. This much-needed donation will mark the Company's sixth million-pair milestone since the BOBS brand launched in 2011.

Working with donation partner Soles 4 Souls, nine containers with an estimated 213,000 pairs will be delivered over the first two weeks of December through several established charity organizations.

“The BOBS program was established to help children in need around the world – be it those struggling to survive daily, or who find themselves in the path of natural disasters,” began Michael Greenberg, president of SKECHERS. “But with Typhoon Haiyan, it hits home. We have a strong distribution partner in the Philippines who we have worked with for two decades, and I have heard from numerous members of our SKECHERS team in the U.S. that they have family in the region impacted by this disaster. With thousands of lives lost and more than a half million homeless, we understand the need for assistance – from food and water to protection for their feet. This is why we developed BOBS, and I hope that our shoes will help the thousands of children in need.”

The Typhoon Haiyan shoe donation is SKECHERS’ latest contribution to families affected by disaster; other recent events include donations for the survivors of Hurricane Sandy, the Oklahoma tornado and the Haiti earthquake. BOBS also regularly donates its product to more than 30 countries worldwide, from communities in need in the United States to families around the globe.

Designed for women, men and children, BOBS donates new shoes to children in need when consumers purchase BOBS. Those who want to make a difference can find BOBS styles in stores nationwide and markets around the world.

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 via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, and in over 100 countries and territories through the Company’s international network of subsidiaries in Canada, Brazil, Chile, Japan, and across Europe, as well as through joint ventures in Asia and distributors around the world. For more information, please visit, and follow us on Facebook ( and Twitter (

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 financial results and operations, its development of new products, future demand for its products and growth opportunities, and its planned 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 the resignation of the Company’s former independent registered public accounting firm, and its withdrawal of its audit reports with respect to certain of the Company’s historical financial statements; 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, 2012 and its quarterly report on Form 10-Q for the three months ended September 30, 2013. 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.