America's First Skechers Performance Store Opens in Miami

The new 26,000+-square-foot retail destination at Dolphin Mall is the Company's largest factory mall store in the world, showcasing its extensive range of basketball, running, soccer, golf, pickleball and outdoor footwear

Game on: Skechers is picking up speed at its largest factory mall store in the world, an immersive performance experience that opened last week at Dolphin Mall in Miami. Following successful performance stores in Canada, Europe and Chile, the 26,017-square-foot location offers consumers footwear, apparel and accessories for basketball, running, soccer, golf, pickleball and the outdoors, as well as renowned lifestyle innovations like Skechers Hands Free Slip-ins^®.

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Skechers opens its first Skechers Performance store in the United States at Miami's Dolphin Mall. The 26,017-square-foot store is the world's largest factory mall destination—an immersive experience that connects athletes and enthusiasts to the brand's basketball, running, soccer, golf, pickleball and outdoor product offering.

"The Skechers Performance retail era is in full force: from our first flagship store earlier this year in Canada to two new locations in Europe this spring and our recently opened destination in Chile, all have shown how enthusiastic our consumers are for our Comfort that Performs," said Michael Greenberg, president of Skechers. "At our largest factory mall location, Skechers' World of Sports showcases all that's revolutionary about our one-of-a-kind technologies for the 36 million annually who frequent one of the highest-traffic tourist malls in the country. Like every professional athlete and enthusiast who has stepped into our styles, we're all in and are ready to change the game."

Minnesota Timberwolves power forward and Skechers athlete Julius Randle joined shoppers in celebrating the August 29 grand opening of the store, which unveiled the brand's many displays: a running racetrack, basketball and pickleball courts, golf green and soccer and sport adventure areas, all surrounded by state-of-the-art digital LED screens and supported by product specialists and educators. The store also features selfie areas localized with Miami-centric graphics.

Consumers can shop the Company's specialized technical footwear, as well as key lifestyle product, work footwear and Skechers apparel and accessories. The offering includes the Company's many signature innovations, such as Skechers Hands Free Slip-ins^® Technology, Skechers Glide-Step^® Technology, Skechers Hyper Burst Pro^™ Technology, Skechers Performance FitKnit^® Technology, Skechers Arch Fit^® Technology, Skechers Max Cushioning^® Technology and Skechers Air-Cooled Memory Foam^® Technology.

Along with Randle, Skechers' global roster of elite pros competing in Skechers footwear includes basketball stars Joel Embiid, OG Anunoby, Norman Powell, Terance Mann, Rickea Jackson, Jackie Young and Kiki Iriafen; golfers Matt Fitzpatrick, Brooke Henderson, Bernhard Langer and Max Greyserman; pickleball pros Tyson McGuffin and Catherine Parenteau; baseball players Clayton Kershaw and Aaron Nola; soccer players Harry Kane, Mohammed Kudus, Luis Sinisterra, Barış Alper Yılmaz, Matt O'Riley, Isco Alarcón, Anthony Elanga, and Leila Ouahabi; and Indian Premier League cricket stars Jasprit Bumrah, Ishan Kishan and Yastika Bhatia, among others.

Consumers can now shop at five Skechers Performance-focused stores on three continents, including locations in Edmonton, Canada; Ghent, Belgium; Berlin, Germany; and Santiago, Chile—as well as at approximately 5,300 Skechers retail stores, skechers.com, and department stores and footwear retailers around the world.

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 5,300 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.

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 delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation, tariffs 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; the ability to complete our proposed merger with 3G Capital (the "Merger"), on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to securing the necessary regulatory approvals and satisfaction of other closing conditions to consummate the proposed Merger; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement relating to the proposed Merger; risks that the proposed Merger disrupts our current plans and operations or diverts the attention of our management or employees from ongoing business operations; the risk of potential difficulties with our ability to retain and hire key personnel and maintain relationships with customers and other third parties as a result of the proposed Merger, including during the pendency of the Merger; the risk that the proposed Merger may involve unexpected costs and/or unknown or inestimable liabilities; the risk that our business may suffer as a result of uncertainty surrounding the proposed Merger; the risk that stockholder litigation in connection with the proposed Merger may affect the timing or occurrence of the proposed Merger or result in significant costs of defense, indemnification and liability; effects relating to the announcement of the transaction or any further announcements or the consummation of the transaction on the market price of our common stock; and other factors referenced or incorporated by reference in Skechers' annual report on Form 10-K for the year ended December 31, 2024 and its quarterly reports on Form 10-Q in 2025. Taking these and other risk factors 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.

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Media Contact:

Jennifer Clay

SKECHERS U.S.A., Inc.

[email protected]