SKECHERS Named Vendor of the Year
29 April 2015 - 11:29PM
Business Wire
SKECHERS USA, Inc. (NYSE:SKX) today announced that the Company
has been named Vendor of the Year by the trade publication SGI
Weekly Intelligence. Citing the importance of wholesale over
direct-to-consumer quantitative analysis showed a 32 percent
increase in wholesale business at SKECHERS for 2014 versus the
previous year—the best of all major footwear companies—as the basis
for their award.
“We thought we’d take a look at the vendors who are doing the
best of job of growing their wholesale business since that
presumably correlates well with the interest of most retailers,”
explained Sporting Goods Intelligence founder John Horan in his
Deep Intelligence column.* “Not only was SKECHERS the brand with
the fastest-growing wholesale business of the major brands but it
was the only one that actually grew its wholesale business faster
than its direct-to-consumer business.”
“For more than 20 years, SKECHERS has strived to support our
wholesale and distribution partners through a diverse range of
product desired by consumers everywhere and backed by consistent
marketing. This has resulted in great partnerships and success
stories, including those of the last two years which are driven by
wholesale business that is integral to our renewed growth story,”
said Robert Greenberg, SKECHERS chief executive officer. “SKECHERS
has an incredible development pipeline for 2015 and beyond that we
expect will continue to drive fans of our footwear collections into
stores, and increase growth not only for our Company but also for
our partners around the globe.”
SGI Weekly Intelligence is an online trade publication for
sporting goods retailers. Published by the editorial team of
Sporting Goods Intelligence, it includes the latest industry news
and product info.
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 which
includes Skechers GOrun and Skechers GOwalk footwear.
*SGI Weekly Intelligence, March 30, 2015.
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 1,050 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 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 opportunities,
its planned opening of new stores, advertising and marketing
initiatives, and the expansion 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 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. 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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