UNITED LEGWEAR & APPAREL CO. AND SKECHERS EXPAND DISTRIBUTION

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Jul 16, 2024, 08:30 ET

EU and UK territories added to longtime licensing and distribution partnership

NEW YORK, July 16, 2024 /PRNewswire/ -- United Legwear & Apparel Co., LLC (ULAC), a New York-based global designer, manufacturer, and distributor of legwear, apparel, and accessories, has announced an expansion of their 20-year licensing partnership with global lifestyle and performance footwear and apparel brand Skechers to include distribution in the European Union and the United Kingdom. The license will be managed in these two added territories through ULAC's newly-formed, wholly-owned subsidiaries in the EU and UK: United Legwear & Apparel Europe BV and United Legwear & Apparel UK Ltd., respectively.

Skechers will leverage ULAC's sales and distribution strengths in these territories to increase their market footprint. Isaac Ash, CEO and President of ULAC, explained that the timing was perfect for the addition of these territories to their licensing agreement: "ULAC has had a successful partnership with Skechers for two decades in North America. With the establishment of ULAC Europe B.V. in 2023, it's a strategic time for Skechers to tap into our capabilities and increase their legwear presence in retailers across these countries."

"Customers' enthusiastic response to our offering of Skechers-branded socks has paved the way for additional expansion opportunities, including in Europe," said Michael Greenberg, president of Skechers. "With a long history together, United Legwear understands the Skechers brand, our need for quality and style, and our consumers. Together, we can bring more comfort to the people of Europe."

Skechers will now have dedicated showroom space at ULAC Europe B.V.'s headquarters in Amsterdam and in the London showroom. Buyers from key retailers can easily view the legwear collections for men, women and kids in these beautiful, newly-built spaces.

Skechers lifestyle and high-performance socks, including pairs for running, golf, basketball, football, and pickleball for men and women, as well as Skechers lifestyle socks for children of all ages, are available in Skechers retail stores and retailers across the United States and Europe.

About United Legwear & Apparel Co.
United Legwear & Apparel Co. LLC (unitedlegwear.com) is a 25-year-old New York City-based global entity that designs, manufactures, and distributes legwear, bodywear, apparel, and accessories. Founded by Isaac E. Ash, United Legwear & Apparel Co. (ULAC) is a joint venture partner of PUMA North America; has distribution partnerships with Scotch & Soda and Hurley; maintains highly-recognized licensed brands such as Skechers, Van Heusen, DKNY, Champion, and Weatherproof; owns the Pro Player and Lemon brands, and has a portfolio of private-label brands. ULAC's mission is to produce and distribute apparel and accessories of highest quality and best value while working with integrity and fairness.

Press Contact: Rita Polidori O'Brien | [email protected]

About SKECHERS U.S.A., 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 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com and approximately 5,200 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.

Press Contact: Jennifer Clay, VP of Corporate Communications and Marketing, Skechers | [email protected]

This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, 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," "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 effects of inflation and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; 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, 2023 and its quarterly reports on Form 10-Q in 2024. 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.