The Skechers Foundation Has Raised Nearly
$18 Million Since 2009 for the Friendship Foundation, Public
Schools and National Scholarships
The Skechers Foundation announced that the organization has
donated a record-breaking $2.5 million to children with special
needs and education through funds raised at its latest Skechers
Pier to Pier Friendship Walk, an annual event that has raised close
to $18 million to date for children. Supported by Presenting
Sponsor Kinecta Federal Credit Union and more than 100 companies,
the donations were distributed by Skechers executives to Foundation
donation recipients, at Skechers’ retail store in Manhattan Beach,
California on Thursday, March 3.
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The Skechers Foundation reached a new
annual donation record, presenting $2.5 million in checks to
support children with special needs and education. Pictured are
Skechers President Michael Greenberg, Yossi Mintz, Founder of the
Friendship Foundation, and Robin Curren, Executive Director of the
Skechers Foundation along with members of the Friendship Foundation
and representatives from Presenting Sponsor Kinecta Federal Credit
Union. (Photo: Business Wire)
“We are a passionate organization who thrives to support
children with special needs, public education and many more
important causes,” said Michael Greenberg, president of Skechers
and co-founder of the Walk. “Our Friendship Walk has grown into one
of the largest of its kind in the country, thanks to our presenting
sponsor Kinecta Federal Credit Union and so many caring, generous
individuals and corporations who stand with us to make a meaningful
impact in the lives of so many. I am beyond grateful for the
support of everyone involved.”
The Foundation presented $713,000 to the non-profit organization
Friendship Foundation for children with special needs and their
families, as well as more than $1.47 million in checks to six
education foundations—contributions that help support critical
staffing and educational programs such as music, foreign language,
science, technology, engineering and math (STEM) programs; distance
learning support and education intervention; and counseling and
mental health support.
“Our children with special needs are thriving at the Friendship
Foundation, thanks to the Walk’s incredible support,” said Yossi
Mintz, the organization’s co-founder. “Through donations, the event
has had a direct impact—growing our clubs, events and in-person and
online activities. Together with the Los Angeles region’s future
Friendship Foundation campus for young adults with special needs,
we’re transforming how our children will see the world and each
other.”
In addition to breaking new donation records for children with
special needs and public schools, the Skechers Foundation’s
national scholarship program awarded more than $280,000—a new
record for high school seniors. By year’s end, the organization
will have donated $982,000 to talented and economically
disadvantaged students to attend colleges across the country.
“As a financial institution, we understand how life-changing
donations can be, especially to those in underserved communities,”
added Keith Sultemeier, president and chief executive officer of
Kinecta. “This event has a direct impact on more than 50,000
students’ academic and professional futures. It’s an event that
we’re incredibly proud to support, and we look forward to helping
even more children this fall as the Pier to Pier Friendship Walk’s
presenting sponsor for the second year in a row.”
Historically California’s largest event for children with
special needs and education, the Skechers Pier to Pier Friendship
Walk has grown to gather more than 16,000 annual registrants at the
Manhattan Beach Pier every October in celebration of children.
Celebrity supporters over the years have included guests and emcees
such as Jimmy Kimmel, Brooke Burke, Denise Austin and NBC4
investigative reporter Lolita Lopez; athletic icons Sugar Ray
Leonard, Tony Romo, Howie Long, Matt Kuchar, Brooke Henderson and
baseball legend Tommy Lasorda; and numerous YouTubers, Nickelodeon
and Disney network stars.
The Skechers Foundation’s college scholarship program offers
scholarships to high school seniors based on financial need and
achievements in academics, athletics and leadership. Administered
by Scholarship America®, the application at
www.SkechersFriendshipWalk.com will be available to all high school
seniors in the United States in spring 2022.
The Skechers Pier to Pier Friendship Walk thanks its Presenting
Sponsor Kinecta Federal Credit Union as well as more than 100 other
companies who have supported thousands of children, including The
CET Foundation, McCarthy Construction, Steel Sports, Moose Toys,
Ross Dress for Less, Petco Foundation, Vertra, Dakine, Bank of
America, The MBS Group, KCI General Contractors, United Legwear
& Apparel, Rare Beauty, Simplehuman, TJX Companies, Academy
Sports, Continental Development, Chevron, Marshalls and WSS.
To learn more about the annual Skechers Pier to Pier Friendship
Walk and watch the Walk’s latest virtual event, please visit
skechersfriendshipwalk.com or YouTube, and follow the Walk on
Facebook, Twitter and Instagram.
About Skechers
Foundation
The Skechers Foundation was established to provide families
around the world with the necessities and skills to succeed in
life. In addition to organizing the Skechers Pier to Pier
Friendship Walk, the Skechers Foundation funds tax-exempt,
501(c)(3) nonprofit organizations that provide education and job
training, shoes, clothing, fitness and nutrition guidance to
communities in need.
About SKECHERS USA, Inc.
Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™
based in Southern California, designs, develops and markets a
diverse range of lifestyle and performance footwear, apparel and
accessories for men, women and children. The Company’s collections
are available in the United States and over 180 countries and
territories via department and specialty stores, and direct to
consumers through 4,306 Company and third-party-owned retail stores
and e-commerce websites. The Company manages its international
business through a network of global distributors, joint venture
partners in Asia, Israel and Mexico, and wholly-owned subsidiaries
in Canada, Japan, India, Europe and Latin America. For more
information, please visit about.skechers.com and follow us on
Facebook, Instagram, Twitter, and TikTok.
This announcement contains forward-looking statements that are
made pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements may 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 the disruption of business and
operations due to the COVID-19 pandemic; delays or disruptions in
our supply chain; 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 Skechers’ annual report on Form 10-K
for the year ended December 31, 2021. More specifically, the
COVID-19 pandemic has had and is currently having a significant
impact on Skechers’ business, financial conditions, cash flow and
results of operations. Forward-looking statements with respect to
the COVID-19 pandemic include, without limitation, Skechers’ plans
in response to this pandemic. At this time, there is significant
uncertainty about the COVID-19 pandemic, including without
limitation, (i) the duration and extent of the impact of the
pandemic, (ii) governmental responses to the pandemic, including
how such responses could impact Skechers’ business and operations,
as well as the operations of its factories and other business
partners, (iii) the effectiveness of Skechers’ actions taken in
response to these risks, and (iv) Skechers’ ability to effectively
and timely adjust its plans in response to the rapidly changing
retail and economic environment. Taking these and other risk
factors associated with the COVID-19 pandemic into consideration,
the dynamic nature of these circumstances means that what is stated
in this press release could change at any time, and as a result,
actual results could differ materially from those contemplated by
such forward-looking statements. 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 we
cannot predict all such risk factors, nor can we assess the impact
of all such risk factors on our business 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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Jennifer Clay Skechers USA, Inc. jennc@skechers.com
Skechers USA (NYSE:SKX)
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