Skechers Concept Store Opens on Milan’s Corso Buenos Aires

MILAN--(BUSINESS WIRE)--Feb 27, 2025--

Skechers has opened its doors on one of Milan’s most famed shopping boulevards: Corso Buenos Aires. The Company’s new concept store brings its comfort footwear, apparel and accessories including its popular Skechers Hands Free Slip-ins ® designs and innovative Skechers Performance collection to Europe’s renowned High Street, an epicenter of fashion.

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“As The Comfort Technology Company, Skechers has been a strategic retail player—establishing brick-and-mortar locations across a network of cities where we can interact with consumers around the world and convert millions into enthusiasts,” said Michael Greenberg, president of Skechers. “Italy has played a key role in our growth across Europe. We look forward to further building our business in this important market with this high-profile destination, one whose fashion trends, signature collections and innovative hands-free designs can connect with the tourists and locals who appreciate Milan’s reputation for style.”

“Milan has long been known as one of Italy’s top destinations for tourism, fashion and culture—and our new store places us among the world’s most prominent brands in this vibrant city—right in the heart of Corso Buenos Aires, one of Europe’s longest shopping streets,” added Sergio Esposito, country manager of Skechers Italia. “Our close proximity to Milan Centrale and Lima metro stations will make our retail location a heavily-trafficked conduit for the tens of thousands who come to shop daily.”

Located on a boulevard that receives Milan’s second-highest footfall at 6,900 shoppers per hour, the 294-square-meter store at Corso Buenos Aires 42/9 is a re-imagination of mid-century design. Illuminated by LED lighting constructed with renewable EU-manufactured biopolymer materials, the modern space showcases the brand’s popular lifestyle footwear collections and features a dedicated Skechers Performance area, as well as apparel and accessory sections and products for every age and activity including fashion, sport, casual, work and children’s styles.

Skechers’ extensive offering is enhanced with the Company’s comfort innovations and game-changing performance product for every skill level—including its Skechers Hands Free Slip-ins ® Technology, Massage Fit ® Technology, Skechers Arch Fit ® Technology, Skechers Max Cushioning ® Technology, Skechers Hyper Burst ® Technology, Skechers Performance FitKnit ® Technology, Skechers Air-Cooled Memory Foam ®, Skechers Relaxed Fit ® Technology and Skechers Stretch Fit ® Technology.

Supported by a team of ambassadors including football legend Fabio Cannavaro and celebrity chef Benedetta Parodi, the Company’s product is available at more than 40 Skechers retail destinations in Italy including three additional locales in Milan. Consumers can also shop at approximately 5,300 Skechers stores worldwide, skechers.it and leading retailers in the region.

About Skechers USA Italia S.r.l. and Skechers U.S.A., Inc.

Skechers USA Italia S.r.l. is a subsidiary of Skechers U.S.A., Inc. (NYSE:SKX), The Comfort Technology Company ® based in Southern California. Skechers 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 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.

The new Skechers store offers the global brand’s extensive footwear, apparel and accessory collections including its popular Skechers Hands Free Slip-ins® designs, comfort technologies and Skechers Performance product for every skill level. (Photo: Business Wire)

Skechers has expanded its retail presence in Italy with its new concept store on Milan’s Corso Buenos Aires, the city’s premier High Street for shopping. (Photo: Business Wire)

NAIROBI, Kenya (AP) — Before dawn in the narrow alleys of Mathare, an informal settlement in Kenya's capital, Agnes Mbesa flicks on a single bulb hanging from her tin roof. For years, the mother of three relied on smoky kerosene lamps. Now electricity lights her home and powers the small shop she runs from her veranda.

“Before the power came, we closed early because it was too dark,” Mbesa said. “Now people come even at night, and I can earn something.”

Hundreds of kilometers (miles) from Nairobi in Sori, western Kenya, fisherman Samuel Oketch tells a similar story. After a solar mini-grid reached his village, he bought a freezer to store his catch. Fish that once had to be sold quickly at low prices can now be preserved and transported to nearby towns.

“These small changes mean a lot,” Oketch said. “Electricity gives us options. My wife can now sell (fish) without being taken advantage of by brokers who had the freezers.”

Their experiences with electrification funded by philanthropic and government sources highlight how expanded energy access can transform the lives and improve livelihoods. More than 730 million people worldwide still lack access to electricity, about 600 million of them in Africa. Limited access constrains health care, education, digital connectivity and job creation.

New financing aims to accelerate progress. The European Investment Bank pledged more than $1.15 billion in March for renewable energy projects across sub-Saharan Africa, including hydropower, solar, wind and grid expansion.

“This funding is Europe’s commitment to provide cleaner, more affordable, and reliable energy for hundreds of millions of people in Africa,” said European Investment Bank President Nadia Calviño.

The Rockefeller Foundation also announced in March at the Africa Energy Indaba in Cape Town, South Africa, that it will invest an additional $10 million to support electrification programs in at least 15 African countries. The funding will be deployed with the Global Energy Alliance for People and Planet to strengthen national programs and support government reforms.

“African governments are choosing to transform their energy sectors by committing to national energy compacts and investing in African-led solutions,” said William Asiko, senior vice president at the Rockefeller Foundation.

The investments support the Mission 300 initiative led by the World Bank and the African Development Bank, which aims to connect 300 million people in sub-Saharan Africa to electricity by 2030 through grid expansion and decentralized solutions such as mini-grids and off-grid solar. Across much of Africa, where national electricity grids are often unreliable, mini-grids have emerged as a key alternative. These small, community-level systems, typically powered by solar or hybrid energy, generate and distribute electricity locally.

Off-grid systems, by contrast, operate independently at the household level. These include stand-alone solar kits that provide direct access to power, helping bridge electricity gaps in remote and underserved areas.

The initiative is providing governments in Malawi and Liberia with technical assistance to support national energy plans, expand transmission networks and improve the reliability and efficiency of distribution systems. Efforts in Côte d’Ivoire, Nigeria, and Senegal include local currency financing and pooled procurement support.

Andrew Herscowitz, CEO of the Mission 300 Accelerator at RF Catalytic Capital, said scaling access will require sustained financing and stronger implementation capacity, including improved monitoring and better-aligned support to accelerate connections.

“Energy access is key to unlocking human potential and economic development,” Herscowitz said.

Kenya has received funding since 2017 from the World Bank, African Development Bank and partners under Mission 300 to support its Last Mile Connectivity program, which targets households near existing transformers, particularly in rural areas and informal settlements, as it pushes toward universal electricity access by 2030. Rural access rose to about 68% in 2023 from just under 7% in 2010.

Across eastern and southern Africa, where only about 48% of the population and 26% in rural areas have access to electricity, World Bank programs aim to expand access in up to 20 countries over the next seven years through renewable energy projects.

Mbesa, the shopkeeper in Mathare, was connected to electricity in 2021 under the Last Mile Connectivity Project. The initiative provided free connections to households and small businesses located near transformers, with funders covering the standard $115 connection fee. In more remote areas like Oketch's, the project incorporated off-grid solutions, including providing mini-grids and solar systems, to reach communities beyond the national grid.

For Mbesa, the impact is already clear. The single bulb above her shop has extended her working hours and allowed her children to study at night.

“Electricity changes everything,” she said. “Once you have it, life starts moving forward.”

The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

A view of electric wire poles and cables towering over the Kibera informal settlement in Nairobi, Kenya, Tuesday, March 31, 2026. (AP Photo/Henry Naminde)

A view of electric wire poles and cables towering over the Kibera informal settlement in Nairobi, Kenya, Tuesday, March 31, 2026. (AP Photo/Henry Naminde)

A view of electric wire poles and cables towering over the Kibera informal settlement in Nairobi, Kenya, Tuesday, March 31, 2026. (AP Photo/Henry Naminde)

A view of electric wire poles and cables towering over the Kibera informal settlement in Nairobi, Kenya, Tuesday, March 31, 2026. (AP Photo/Henry Naminde)

A man connects electric cables on a pole above the Kibera informal settlement in Nairobi, Kenya, Tuesday, March 31, 2026. (AP Photo/Henry Naminde)