SKECHERS Chairman and CEO Robert Greenberg Receives Lifetime Achievement Award from Footwear News

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–SKECHERS
USA, Inc.
(NYSE:SKX), a global leader in the lifestyle and
performance footwear industry, today announced that the leading trade
publication Footwear News has honored SKECHERS Chairman and CEO
Robert Greenberg with the Manolo Blahnik Lifetime Achievement Award.


The official award presentation took place on December 2 at the 29th
annual FN Achievement Awards in New York City. Outstanding leaders from
the footwear industry and celebrity guests were in attendance, including
boxing legend and SKECHERS
brand ambassador Sugar Ray Leonard, who introduced Mr. Greenberg on
stage to receive his award.

“I want to thank Footwear News for their tremendous support
through the years and for honoring me with the Lifetime Achievement
Award,” said Robert Greenberg. “Building this company has been a dream
come true, and all of this would not be possible without the support of
my family and the wonderful team I get to work with every day. As I look
ahead and think about this amazing company—my Picasso, I believe the
brand has never looked better and the best is yet to come. I’m excited
to see the Company cross the $3 billion mark this year, and we look
forward to achieving a projected $6 billion in sales by 2020.”

Previous recipients for the Footwear News Lifetime Achievement
Award include Stuart Weitzman, Vince Camuto and Manolo Blahnik.

“How many people can say they’ve created an enormous powerhouse footwear
brand? In the shoe biz Robert Greenberg is a true legend, the likes of
which we may not see again,” said Michael Atmore, Editorial Director, Footwear
News
. “His hands-on, street-smart style has informed a legion of
admirers while pushing Skechers to record heights.”

“I am so proud of this company and the legacy that Robert has built,”
said SKECHERS
president Michael Greenberg. “My father is a true visionary and his
passion inspires all of us to work harder, innovate and shoot for the
moon. His intuition for identifying the next big idea and creating
footwear that consumers can’t get enough of is truly remarkable.
SKECHERS has grown into a global powerhouse with a presence in 120
countries around the world, and none of this would be possible without
Robert’s leadership, product development and marketing genius. Thank you Footwear
News
for recognizing his remarkable achievements.”

SKECHERS
offers two distinct footwear categories: a lifestyle division with
comfort-focused trend-right product for men, women and kids, and an
award-winning Skechers Performance Division.

About SKECHERS USA, Inc.

SKECHERS USA, Inc., 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 120
countries and territories worldwide via department and specialty stores,
more than 1,200 SKECHERS retail stores, and the Company’s e-commerce
website. The Company manages its international business through a
network of global distributors, joint venture partners in Asia, and 13
wholly-owned subsidiaries in Brazil, Canada, Chile, Japan, Latin
America and throughout Europe. 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 growth, financial results and
operations, its development of new products, future demand for its
products and growth across the Company’s three main business channels
and globally, its planned expansion and opening of new stores,
advertising and marketing initiatives, and the conclusion of legal
matters. 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; entry into the highly competitive performance
footwear market; 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; 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, 2014 and its quarterly
report on Form 10-Q for the quarter ended September 30, 2015. 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.
Jennifer Clay, 310-937-1326