Following a successful season sponsoring the 2021 champions in
both the GT World Challenge Europe and the FIA World Endurance
Championship, Skechers returns to the racetrack with Team WRT for
an expanded sponsorship that will feature the Skechers logo on
several WRT cars for the 2022 season.
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the full release here:
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Global footwear brand Skechers seen on GT
series car #46 as part of an expanded sponsorship with Team WRT.
Image credit: Michele Scudiero.
Skechers, The Comfort Technology Company™, will be a primary
sponsor on two cars from the Belgium-based team in the GT series
for 2022—car #46 led by Valentino Rossi, Nico Müller and Frédéric
Vervisch. And car #32 led by Charles Weerts, Kelvin van der Linde
and Dries Vanthoor. In addition to the extensive branding on each
car, the Skechers logo will also appear on driver racing overalls
and the drivers will wear Skechers off-track. In the LMP2 series,
Skechers will appear as a secondary sponsor on car #41.
“Skechers was such an amazing and supportive partner all the way
to the victory lap last year, so it makes a lot of sense to take it
to the next level,” said Vincent Vosse, Team WRT Principal. “While
our business is racing, most of the team are on our feet so we all
appreciate that innovative comfort that Skechers does best.”
“When race fans see our Skechers logo on the side of the first
car across the finish line, they know we’re a winning brand,” said
David Weinberg, chief operating officer of Skechers. “Skechers has
partnered with WRT parent company, the Weerts Group, for many years
on our European Distribution Center in Liège, so we have a long
successful relationship that now includes motorsports. This
sponsorship gives us a billboard in fast motion that keeps the
Skechers brand front of mind with the global fans of this exciting
sport.”
The action begins with the first FIA World Endurance
Championship event tomorrow, March 18, at the Sebring International
Raceway in Florida, followed by the GT World Challenge Europe
Powered by AWS season debut on April 1-3 at the Autodromo
Internazionale Enzo e Dino Ferrari Circuit in Imola, Italy.
Skechers has been leading the industry for years in comfort with
product that exclusively offers its innovative technologies and
materials. These include patented Skechers Arch Fit Technology™
along with Skechers Max Cushioning Technology™, Skechers Hyper
Burst Technology™, Skechers Air-Cooled Memory Foam®, Skechers
Relaxed Fit Technology™ and Skechers Stretch Fit Technology™, among
many others.
The complete range of Skechers footwear for men, women and kids
is available in Skechers retail stores as well as skechers.com,
plus department stores and footwear retailers around the globe.
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.
About Team WRT
Team WRT is a leading racing team established in 2010 that has
won 49 international titles and prestigious races, such as the Le
Mans and Spa 24 Hours. It is the current reigning GTWCE, FIA WEC
(LMP2) and ELMS Champion. Through its manufacturing division AMP,
Team WRT is also a race car chassis manufacturer, producing and
assembling over 100 units a year for external customers. Team WRT
is part of Weerts Group, a family-owned and diversified investment
group established in Liège, Belgium, and operating in the Benelux,
Germany, France, the United Kingdom, Italy, Hungary and Romania. In
addition to Motorsport, its main activities include Logistics and
Real Estate. For more information, visit www.weerts-group.com.
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 jennc@skechers.com
Skechers USA (NYSE:SKX)
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