SKECHERS USA and R. GRIGGS GROUP LIMITED Resolve Litigation

Business Wire, March 1, 2000

Business Editors

MANHATTAN BEACH, Calif.--(BUSINESS WIRE)--March 1, 2000

SKECHERS USA, Inc. (NYSE:SKX), a lifestyle leader in the global footwear industry, and R. GRIGGS GROUP LIMITED, the manufacturer of the world famous Dr. Martens(R) footwear, today announced that the two companies have settled in principle all of their outstanding litigation against each other. The terms of the settlement are confidential but the parties can disclose that the settlement will not require payment of any money by either party and that SKECHERS will acknowledge the distinctiveness of Dr. Martens(R) trade dress. The Companies have memorialized the settlement in a letter of intent and will prepare a formal agreement in the coming weeks.

"We are very happy to have amicably settled both of the lawsuits," stated Robert Greenberg, SKECHERS' Chairman and CEO, and Frank Duffy, Group Managing Director of Griggs. "The settlement goes a long way toward clearly defining the parties rights with respect to each other and will allow the parties to conduct business in an atmosphere of mutual respect."

SKECHERS, based in Manhattan Beach, California, designs, develops and markets branded footwear for men, women and children. The Company offers a balanced assortment of basic and fashionable merchandise, which is sold to department stores and specialty retailers, as well as directly to consumers through 42 company-owned SKECHERS retail stores, mail order and e-commerce. The Company sells its products in more than 100 countries and territories throughout the world. For further information on SKECHERS, please visit the Company's web site at www.skechers.com or call the Company's information line at 877-INFO-SKX.

R GRIGGS GROUP is the Northamptonshire-based manufacturer and distributor of Dr. Martens(R) brand footwear. Beginning with the introduction of the classic Dr. Martens(R) 1460 boot in 1960, Dr Martens(R) has become world famous for its cutting edge style, high quality and for the distinctive yellow stitching and two tone grooved sole edge of its classic footwear. Today, Dr. Martens(R) footwear is sold to men, women and children in a wide variety of styles, including shoes, boots, and sandals and has a strong reputation as a leader in the fashion footwear industry. More information about Dr. Martens(R) footwear can be found at www.DrMartens.com.

This announcement may contain forward looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which can be identified by the use of forward-looking terminology such as "may," "will," "believe," or other comparable terminology. These forward looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected in forward looking statements and reported results shall not be considered an indication of the Company's future performance. Factors that might cause or contribute to such differences include, among others, a decrease in sales during the back-to-school or holiday selling season, change in consumer demands and fashion trends, and the inability to sustain prior growth.