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.
Author:
Updated:
Original:

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 Luxottica's Sunglass Hut retail chain temporarily severing its retail relationship with Oakley -- click here for the related Dec. 12 SNEWSbyte. Oakley has worked to diversify its retail foundation, opening four O-Stores and Vaults, acquiring the Iacon chain with 43 stores and kiosks, and strengthening its foothold in retail strongholds such as Foot Locker, Champs, The Finish Line, Sport Chalet, Galyan's and Macy's. The company also reported that its footwear, apparel, prescription eyewear, and watch categories accounted for 22.4 percent or $100.8 million of the company's gross sales for the year.

Related

DId you hear?... Deckers reports 4Q drop in net sales

Deckers Outdoor Corporation, owner of the Teva, Simple, and Ugg footwear brands, reported a 4Q drop in net sales to $20.9 million in 2001 versus $23.7 million during 2000. For the year, Teva recorded $61.2 million, down from $79.7 million in 2000 -- thanks in large part to the ...read more

Did you hear?... Adidas-Salomon reports net income up by 15 percent

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. ...read more

Did you hear?... Global Sports reports a 100-percent increase of 3Q net revenues

Global Sports reported a 100-percent increase of 3Q net revenues, from $18.1 million compared to $9 million in 3Q 2000. Global projects that it will exceed $100 million in net revenue for the entire year of 2001 and that its gross margin will be between 33 percent and 33.5 ...read more

Did you hear?... Galyan's Trading Company Inc. reports first quarter net sales of $113.5 million

Galyan's Trading Company Inc. (Nasdaq: GLYN) has reported net sales for the first quarter were $113.5 million, a 29.1 percent gain over the same quarter last year. Comparable store sales rose 5.1 percent compared to the 3.3 percent growth in the first quarter last year. During ...read more

Did you hear?... Gaylan's reports dropping 4Q sales

With warm weather melting fourth quarter sales of traditionally strong cold-weather categories for Galyan's Trading Company (Nasdaq:GLYN), the company reported 4Q comparable store sales dropping 3.8 percent in 2001 versus an increase of 9.6 percent in 2000. Net sales for 4Q ...read more

Did you hear?... DuPont reports that sales and earnings have declined

DuPont reports that sales and earnings have declined in the 1st quarter, with sales dipping 10 percent to $6.14 billion and net income declining 3.2 percent to $479 million. The company pointed to a continuing weakness in the U.S. textile market as the reason for significant ...read more

Did you hear?... Hagloefs reports 2001 sales of 30 million Euros

Swedish outdoor company Hagloefs has reported 2001 sales of 30 million Euros (USD $26.4 million) -- an increase of 23 percent over the previous year -- and net profits of 4.8 percent. Ninety percent of all volume occurs in the Scandinavian countries. Bookings for 02-03 have ...read more

Did you hear?... Oakley Inc. establishes its 11th international location

Oakley Inc. has established its 11th international location, and first in South America, by launching Oakley Brazil, a fully owned subsidiary. Oakley has been selling into the Brazilian market since 1996 through a local distributor and reports that revenues for $4 million in ...read more

Deckers posts 23% increase in 4Q net sales

Deckers Outdoor Corp. -- Nasdaq: DECK -- reported a 4Q net sales increase of 23 percent to $25.8 million compared to $20.9 million in the same period last year. Net earnings for the quarter increased to $1,363,000, compared to net earnings of $506,000 last year, and diluted ...read more