Sponsors
Billabong ▼ -0.015 | PPR ▼ -5.05 | American Apparel ▼ -0.030 | The Buckle ▲ +0.12 | Columbia ▼ -0.26 | Deckers Outdoor ▼ -4.38 | Dicks ▼ -0.36 | Foot Locker ▼ -0.58 | Genesco ▼ -0.60 | Iconix Brand Group ▼ -0.46 | Jarden Corp ▼ -0.45 | Nordstrom ▼ -0.45 | Luxottica ▼ -0.41 | Nike ▼ -1.29 | Pacific Sunwear ▼ -0.05 | Skullcandy ▼ -0.07 | Sport Chalet - 0 | Urban Outfitters ▼ -0.30 | VF Corp ▼ -0.06 | Quiksilver ▼ -0.11 | Zumiez ▼ -0.27 | Macys ▼ -0.05 | Tillys ▼ -0.02 |
Ticker Sponsor
Readers Say
Executive Edition rules
Executive Edition rules

“Shop-Eat-Surf” is now officially, the first stop in the morning for industry news. Accurate reporting, no sensationalism, and just the facts. Refreshing support to an incredible industry with a very bright future. Tiffany has cemented her role in the industry....the site is thought provoking, and inspirational. Learning the stories of others is incredibly useful. Great way to connect the retail community with the wholesale and financial, instantly and nationwide. ... And the Executive Edition rules.

- By Bob Hurley, Chairman, Hurley International
Great insight into the issues
Great insight into the issues

I am a big fan of Tiffany and her team as well as an avid reader of Shop-Eat-Surf. I shop, I eat, I surf -- I should pay.

- By Kevin Bailey, President, Vans
Industry Insight

New business info and advice from QCS GRAPHICS, PROCOPIO, SHACC and FSG LAWYERS.

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