Despite North American sales that remain flat for the company, Adidas-Salomon reported worldwide net income up by 15 percent to euro 208 million for 2001. The company reported the figure was exactly in line with company forecasts and targets published in early 2001. Adidas-Salomon stated that, "Sales increased in all regions with the exception of North America. Gross margin for the Group was maintained at 42.6 percent, despite the negative effects of a strong US dollar and the highly promotional retail environment in North America."
Did you hear?... Oakley reports record net sales
Despite a miserable second half of 2001, resulting in 4Q net income plunging to $3.3 million from $9.7 million the year before, Oakley still managed to report record net sales of $429.3 million for the year, up 18.1 percent from 2000. The 4Q disaster as a result of the ...read more