Sponsors
Billabong ▲ +0.017 | PPR ▲ +1.55 | American Apparel ▲ +0.001 | The Buckle ▲ +0.41 | Columbia ▲ +0.28 | Deckers Outdoor ▼ -0.79 | Dicks ▲ +1.05 | Foot Locker ▲ +0.17 | Genesco ▼ -0.28 | Iconix Brand Group ▼ -0.09 | Jarden Corp ▼ -0.89 | Nordstrom ▲ +1.07 | Luxottica ▼ -0.09 | Nike ▼ -0.25 | Pacific Sunwear ▼ -0.02 | Skullcandy ▼ -0.35 | Sport Chalet ▼ -0.05 | Urban Outfitters ▲ +0.07 | VF Corp ▲ +0.52 | Quiksilver ▼ -0.15 | Zumiez ▼ -0.03 | Macys ▲ +0.60 | Tillys ▼ -0.16 |
Ticker Sponsor
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 waited too long to sign up for Executive Edition
I waited too long to sign up for Executive Edition

I read Shop-Eat-Surf at every opportunity, and I waited too long to sign up for the Executive Edition. It’s timely, relevant and clearly “from the industry, for the industry.

- By Andy Laats, President, Nixon
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

Hurley posts another strong quarter

By Tiffany Montgomery
September 25, 2008 5:50 AM

The tough economy does not appear to be impacting Hurley much.

Parent company Nike Inc. reported yesterday that Hurley's first quarter revenue for the period ended Aug. 31 rose 38 percent.

Nike CEO Mark Parker called out Hurley's strong performance in Nike's earnings conference call with analysts, saying "Hurley is gaining some serious top and bottom line momentum."

"The brand really showed its strength at the recent action sports retailer show in San Diego," Parker said. "Action sports is one of the fastest growing segments in our industry, and with our Nike Inc. portfolio, specifically Hurley, Converse and the Nike brand, we are well-positioned to go after that grow."

Parkerasr

Parker went to ASR this month. Here is Parker, center, 

at the Hurley booth with Hurley's Mark Weber, left, and Chance King, right.


Parker also highlighted Converse's results. Converse revenue increased 32 percent. He said One Star in Target is also performing better than expected.

Other Nike Inc. results

-Overall revenue rose 17 percent to $5.4 billion. Excluding currency benefits, revenues rose 11 percent.

- Net income decreased 10 percent to $510.5 million. Nike said it had a one-time tax gain in the first quarter last year. Excluding that, net income in Q1 2008 would have risen 10 percent.

- U.S. revenue rose 8 percent to $1.8 billion. Strong performing Nike categories included running, action sports and basketball. Future U.S. orders are up 3 percent.

- Retail revenues around the world increased 18 percent. In the U.S., retail revenue rose 16 percent, while retail comps increased 8 percent.

 

 

 


Articles You Might Have Missed