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Skechers Grows Operations in Hong Kong

Skechers USA Inc. expands its operations in Hong Kong and Macau through a joint venture (known as Skechers Hong Kong Limited) with the Onwel Group, a fashion company in the region. The new joint venture in Hong Kong follows on the heels of Skechers China Limited, a joint venture with Luen Thai Enterprises established earlier this year.

"There is a tremendous opportunity for Skechers to grow in Hong Kong," states Michael Leung, CEO of Skechers Hong Kong. "Skechers is a fantastic, strong, global brand and this market is filled with brand-loving consumers who are ready for more of the stylish lifestyle footwear Skechers has to offer. We expect Skechers to experience new success in Hong Kong thanks to the full line of styles now available."

The first Skechers concept store in Hong Kong opened in Olympian City 2, West Kowloon. This is the first of eight retail stores scheduled to open in 2008. Another 20 Skechers retail store locations are planned to open in the next two years.
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