Sponsors
Billabong ▼ 0.000 | PPR ▼ -2.20 | American Apparel ▼ -0.020 | The Buckle ▼ -0.85 | Columbia ▼ -1.34 | Deckers Outdoor ▲ +1.09 | Dicks ▼ -0.65 | Foot Locker ▼ -0.56 | Genesco ▼ -0.67 | Iconix Brand Group ▼ -1.22 | Jarden Corp ▲ +0.01 | Nordstrom ▲ +0.11 | Luxottica ▼ -0.58 | Nike ▼ -0.16 | Pacific Sunwear ▲ +0.07 | Skullcandy ▼ -0.12 | Sport Chalet - 0 | Urban Outfitters ▼ -0.44 | VF Corp ▲ +0.13 | Quiksilver ▼ -0.01 | Zumiez ▼ -0.33 | Macys ▼ -0.46 | Tillys ▼ -0.14 |
Readers Say
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
Industry Insight

CFA, WELLS FARGO: Invitation to next "Crystal Ball" breakfast session, "Private Label vs Branded Manufacturing."

STOKES ME: SIMA Humanitarian Fund campaign kicks off this week with "Add-A-Buck" promotions in 76 core-store doors.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Spy parent company sales up 17 percent

By Tiffany Montgomery
August 13, 2008 7:17 AM

Orange 21 Inc. said yesterday that sales increased 17 percent to $14 million in the second quarter.


The company narrowed its net loss to tiny_mce_marker.3 million vs. $1.6 million for the same quarter last year.


Gross profit as a percentage of sales decreased to 50 percent vs. 59 percent in the second quarter of 2007. Profits were hurt by rising gas and oil prices, which increased material costs, and an increase in Euro exchange rates.


Total operating expenses fell 20 percent to $7 million, with sales and marketing expenses decreasing 37 percent.


While Orange 21 results improved for the quarter, Co-Chairman and CEO Mark Simo sounded cautious about the economic climate in the company's press release.


He said the weakening dollar, the high cost of oil, and the slowdown in the global economy could impact results in the future. To counter those forces, Orange 21 plans to make its sales and marketing efforts more "efficient and effective" and reduce operating expenses.


The company's goal is to continue to show revenue growth over the prior year, Simo said.

 


Articles You Might Have Missed