SKECHERS ANNOUNCES GLOBAL PARTNERSHIP WITH NATURE CONSERVANCY AND LAUNCHES OUR PLANET MATTERS RECYCLED collection
LOS ANGELES – November 30, 2021 – Skechers USA, Inc. (NYSE: SKX), The Comfort Technology CompanyTM, announced that the brand is partnering with global environmental nonprofit The Nature Conservancy in a multi-year commitment, contributing at least $ 800,000 to help the organization achieve its mission to protect the lands and waters of our world.
In addition, Skechers has created Our Planet Matters, a new collection of sustainable products for men, women and children that uses recycled materials in its designs to help reduce the company’s environmental impact.
Our Planet Matters offering contains materials such as recycled cotton, polyester, rubber, EVA and TPU, along with durable designs and washable technologies to extend product life. Recycled content for each style will be featured on packaging and hang tags to provide consumers with detailed knowledge of Our Planet Matters products at the time of purchase.
“As a global lifestyle brand, we have a wonderful opportunity to encourage consumers of all ages to become more environmentally conscious in their daily lives. And Our Planet Matters is a natural step in that direction, ”said Michael Greenberg, president of Skechers. “These styles allow people of all ages to wear many of our popular styles made from recycled materials, a simple and convenient way to start helping our planet. From Our Planet Matters to partnering for a purpose alongside The Nature Conservancy, we look forward to improving our sustainability as we find
new ways to innovate in our business operations and our next generation of products.
“We are facing a climate and biodiversity crisis and the window for action is closing quickly. Each of us has the power to make real change, one small step at a time. With partners like Skechers, we can inspire millions of people around the world to take action for the
planet, because our lives depend on it, ”said Jennifer Hoyer, Global Director of Cause Marketing and Brand Partnerships for The Nature Conservancy. “We are grateful to work alongside a partner like Skechers, who are used to helping families affected by hurricanes, fires and others.
disasters, many of which continue to increase due to climate change. Our Planet Matters shoes offer environmentally conscious supporters an option to help protect our planet. Skechers
Skechers’ partnership with The Nature Conservancy will help fund the organization’s mission, which encompasses global efforts such as reforestation initiatives that align with the company’s long-standing commitment to reducing tree harvesting. and emissions through packaging.
A recipient of the Sourcing Journal 2020 Sustaining Voices, Skechers uses recyclable cartons in its factories and distribution centers and environmentally friendly packaging materials for its products, the exclusive use of soy-based ink and recyclable water and foot shapes and tissue paper, ninety-nine percent plastic reduction since 2016.
Ninety-nine percent of Skechers shoeboxes meet the FSC® standard for responsible sources, and the company regularly ensures that its materials are FSC® certified, recycled or ethically harvested.
In an effort to reduce its carbon footprint, Skechers has made environmental progress a top priority at its corporate facilities, building LEED Gold certified distribution centers in North America and Europe, as well as its expanding corporate headquarters. in Manhattan Beach. To his
Two key headquarters in Manhattan Beach, the company uses 30 and 48 percent of its energy from the sun, with up to 34 percent of solar energy use planned on future Skechers buildings.
The company also plans to expand its headquarters as LEED-
Gold certified installations.
For more information on Skechers environmental initiatives, please visit
About SKECHERS USA, Inc.
Skechers, The Comfort Technology Company based in Southern California, designs, develops and markets a diverse line of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in the United States and
in more than 170 countries and territories through department and specialty stores, and directly to consumers through 4,170 corporate and third-party retail stores and e-commerce websites.
The Company manages its international operations through a network of global distributors, joint venture partners in Asia, Israel and Mexico and wholly owned subsidiaries in Canada, Japan, India, Europe and America. Latin. For more information, visit about.skechers.com and follow us on Facebook, Instagram, Twitter and TikTok.
About nature conservation
The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world’s most difficult challenges so that nature and people can thrive together.
We fight climate change, conserve land, water and oceans on an unprecedented scale, provide food and water sustainably, and help make cities more sustainable. Working in 75 countries and territories: 37 through direct conservation impact and 38 through partners, we use a collaborative approach that involves local communities, governments, the private sector and other partners. To learn more, visit www.nature.org and follow us on Facebook, Instagram and Twitter.
This announcement contains forward-looking statements which are made in accordance with 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, the future domestic and international growth of Skechers, its financial results and operations, including expected sales and net profits, its development of new products, future demand for its products, its planned national and international expansion, new store opening and additional spending, as well as 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”, “will continue”, “will result”, “could”, “could”, “could” or any variation of these words having similar meanings. Such statements are subject to risks and uncertainties which could give rise to
results differ materially from those projected in forward-looking statements.
Factors that could cause or contribute to such differences include business and operations disruption due to the COVID-19 pandemic;
delays or disruptions in our supply chain; international economic, political and market conditions, including difficult retail markets in the United States; support, manage and forecast costs and good
inventory levels; losing important customers; decreased demand from industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and / or product categories; maintain branding and intense competition among sellers of consumer footwear, especially in the highly competitive market for performance footwear; anticipate, identify, interpret or forecast 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 sales periods; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2020 and its quarterly report on Form 10-Q for the
quarter ended September 30, 2021. 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 regarding the COVID-19 pandemic include, but are not limited to, Skechers plans in response to this pandemic. At present, there is significant uncertainty regarding the COVID-19 pandemic, including, but not limited to, (i) the duration and extent of the impact of the pandemic, (ii) the responses governments to the pandemic, including how those responses may 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 business and economic environment. Given these and other risk factors associated with the COVID-19 pandemic, the dynamic nature of these circumstances means that what is stated in this press release could change at any time and, therefore, the actual results. could differ materially from those envisaged. 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 of these risk factors, nor assess the impact of all of these risk factors on our business or the extent to which any factor, or combination of factors, may cause a substantial difference from the actual results. those contained in forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. In addition, the reported results should not be taken as an indication of future performance.