SKECHERS U.S.A., INC. MANHATTAN BEACH, Calif., Oct. 21, 2021 /PRNewswire/ -- Kinecta Federal Credit Union, the leading financial partner in the South Bay, is pleased to announce its participation as presenting sponsor for this year's Skechers Pier to Pier Friendship Walk to be held Sunday, October 24, 2021. Families and friends will gather to walk from Manhattan Beach Pier to Hermosa Beach Pier and back with a record-breaking $2.5 million goal to help children with special needs and students succeed.
"At Kinecta, we are committed to giving back to our community by participating at local community-based programs and events," said Keith Sultemeier, Chief Executive Officer of Kinecta Federal Credit Union. "It's an honor to partner with Skechers for the third consecutive year and help raise support and awareness for our children. We invite you to register to walk!"
"We all know Kinecta for its charitable giving and involvement in our community, and I would like to thank them for being our loyal supporter since 2019," said Michael Greenberg, Skechers president and co-founder of the Skechers Pier to Pier Friendship Walk. "Skechers and Kinecta encourage our community to be part of this year's fun-filled celebration at the beach as we walk together to help children thrive."
The annual Skechers Pier to Pier Friendship Walk is the largest charity walk of its kind in California. Since 2009, it has grown to gather more than 17,000 annual registrants and has raised more than $17 million for public schools, scholarships and the Friendship Foundation, an organization that supports children with special needs and their families.
Walkers can register in person at the event, sign up online at skechersfriendshipwalk.com and live stream the 13th annual Walk at the site on Sunday, October 24th at 9am PST. Participants can also follow the event on Facebook (facebook.com/SKECHERSFriendshipWalk), Instagram (instagram.com/skechersp2pwalk) and Twitter (twitter.com/SkechersP2PWalk).
For more information about Kinecta, visit www.kinecta.org.
About Kinecta Federal Credit Union
Kinecta Federal Credit Union is the country's 35th largest credit union, with assets of $6.5 billion and over 270,000 member-owners. Our 800+ employees serve members from 32 branches, a variety of specialty offices, and highly responsive call centers on both coasts. Banking the Southern California area for more than 80 years, with recent expansion to Northern California, New York, and New Jersey, Kinecta offers its members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Wealth Management and Kinecta Insurance Services. Daily Breeze readers have named Kinecta a top South Bay credit union for the past 10 years, and Kinecta was voted Easy Reader's 2020 "Best of the Beach" Credit Union.
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 (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 170 countries and territories via department and specialty stores, and direct to consumers through 4,057 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; 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, 2020 and its quarterly report on Form 10-Q for the three months ended June 30, 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.
Media Relations Contact:
Ondar Tarlow
Chief Marketing Officer
ondar.tarlow@kinecta.org
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