Skechers

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SKECHERS USA, Inc. (NYSE:SKX), a global leader in the lifestyle footwear industry, today announced that it signed a licensing agreement with Strategic Partners, Inc., the makers of Cherokee Medical Apparel, to create and distribute a SKECHERS-branded line of apparel for nurses and other healthcare professionals that will launch in January 2010.

SKECHERS USA, Inc. (NYSE:SKX), a global leader in lifestyle footwear, today announced financial results for the first quarter ended March 31, 2009.

First quarter 2009 net sales were $343.5 million compared to $384.9 million in the first quarter of 2008. Net earnings for the first quarter of 2009 were $8.2 million versus net earnings of $32.8 million in the first quarter of 2008. Diluted earnings per share were $0.18 based on 46,467,000 weighted average shares outstanding as compared to net earnings per diluted share of $0.70 based on 46,664,000 weighted average shares outstanding in the first quarter of 2008.



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