SKECHERS Foundation Expands Scholarship Program and Raises $1.6 Million in Funds to Children with Special Needs and Education

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–The SKECHERS Foundation celebrated its eighth annual SKECHERS Pier to
Pier Friendship Walk with a check presentation ceremony on Thursday,
March 2 at the Shade Hotel in Redondo Beach, California. The Foundation
presented $914,000 to six education foundations and $434,000 to The
Friendship Foundation – a non-profit organization that assists children
with special needs and their families. The SKECHERS Foundation also
announced that it plans to expand its scholarship program four-fold in
2017, awarding $100,000 to high school students in need nationwide.


“We’re thrilled to see how much the SKECHERS Pier to Pier Friendship
Walk has grown in its eight years – from a passionate local movement of
1,000 that raised $220,000 in 2008, to more than 12,000 people rallying
to raise a record $1.6 million for children with special needs and
education,” said SKECHERS President Michael Greenberg. “It has been an
incredible experience to see the life-changing opportunities that the
Walk has created for children – and with the national expansion of our
scholarship program, we can make an even greater impact on future
generations.”

The SKECHERS Foundation will donate $1,000 to $5,000 scholarships to
deserving students, who will be chosen based on financial need, academic
performance, athletic abilities and leadership qualities. Administering
the program is Scholarship America® – the largest designer
and manager of scholarships, tuition assistance and other education
support programs for corporations, foundations, associations and
individuals in the nation. The application is currently available to all
high school seniors on www.SKECHERSfriendshipwalk.com.
Winners will be announced in early June.

Attendees at the 2016 SKECHERS Pier to Pier Friendship Walk included
Brooke Burke-Charvet, Sugar Ray Leonard, Denise Austin, and dozens of
other celebrities. “The SKECHERS Pier to Pier Friendship Walk has become
an annual tradition for me and my family,” said Brooke Burke-Charvet,
SKECHERS ambassador and SKECHERS Foundation check presenter. “The event
brings together all walks of life and is a powerful testament to what we
can do when united in purpose. It’s an honor to give back to so many
deserving children.”

Now California’s largest charity event supporting children with special
needs and education, the SKECHERS Friendship Walk has united over 54,000
participants since its inception and has raised over $7 million to
support The Friendship Foundation – as well as educational foundations
that are committed to bettering the school system by saving jobs of
teachers, retaining vital academic programs, maintaining smaller class
sizes, improving libraries and upgrading school technology. The Walk is
an extension of the SKECHERS Foundation, an organization founded to
provide families around the world with the necessities and skills to
succeed in life.

Numerous corporate sponsors are vital to the success of the SKECHERS
Pier to Pier Friendship Walk, including Nickelodeon, NBC4, Wells Fargo,
Steel Sports, Vertra, The Claudette and Ethan Rickett Care Foundation,
Ross, Zappos.com, Mattel, Body Glove, Kids Foot Locker, United Legwear,
JAKKS Pacific, Marshalls, Cushman & Wakefield, Caskey & Caskey, Siltanen
& Partners Advertising, Continental Development, Northrop Grumman,
Equinox, Chevron, and a myriad of other companies who have shown their
support to the organization.

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) 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 160
countries and territories worldwide via department and specialty stores,
more than 2,012 SKECHERS Company-owned and third-party-owned retail
stores, and the Company’s e-commerce websites. The Company manages its
international business through a network of global distributors, joint
venture partners in Asia and the Middle East, and wholly-owned
subsidiaries in Canada, Japan, throughout Europe and Latin America. 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 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 and opening
of new stores 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 international economic, political and market
conditions including the uncertainty of sustained recovery in Europe;
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 the Company’s annual report on Form 10-K
for the year ended December 31, 2016. 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.

Contacts

SKECHERS USA, Inc.
Stacey Held, 310-318-3100