Sponsors
Billabong ▼ 0.000 | PPR ▲ +1.85 | American Apparel ▲ +0.038 | The Buckle ▼ -0.47 | Columbia ▲ +0.24 | Deckers Outdoor ▲ +0.38 | Dicks ▼ -0.80 | Foot Locker ▼ -0.71 | Genesco ▼ -0.67 | Iconix Brand Group ▼ -0.39 | Jarden Corp ▼ -0.97 | Nordstrom ▼ -0.59 | Luxottica ▲ +0.55 | Nike ▼ -0.78 | Pacific Sunwear ▼ -0.02 | Skullcandy ▼ -0.03 | Sport Chalet - 0 | Urban Outfitters ▼ -0.18 | VF Corp ▼ 0.00 | Quiksilver ▲ +0.13 | Zumiez ▼ -0.36 | Macys ▼ -0.76 | Tillys ▼ -0.17 |
Ticker Sponsor
Readers Say
It pertains to my business
It pertains to my business

I’m an avid reader of Shop-Eat-Surf because it’s really the only online newsletter that I have found that is not only industry related, but also because it’s not so “guy-centric.” I find that a lot of the information I read on the site pertains to my business (as a swimwear designer) and keeps me up to date on what other companies and other women in the industry in general are doing which is not only inspiring but also helps me gauge the future direction of my business as well.

I feel privileged to read the Executive Edition because I know I am getting insider industry information before it hits the mainstream media channels. And it’s always good to know what my friends are up to in the industry.

- By Monica Wise, Founder, L*Space
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
Industry Insight

SDSI recaps FundSource OR success. Four reasons for B2B companies to embrace ecomm from NuORDER.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Sales rebound at Sunglass Hut; Oakley posts strong quarter

By Tiffany Montgomery
May 04, 2010 5:55 AM

I’m catching up on Luxottica’s earnings from last week in which the company provided some details about Oakley’s performance in the quarter ended March 31.

Oakley’s sales rose “roughly 20%” in the quarter, Luxottica said.

Sales at Oakley stores were also strong.

Luxottica results

Net sales: up 7% to 1.4 billion Euros in constant currency.

Net income: up 20.8% to 95.1 million Euros.

Retail sales: up 5.6% to 838.2 Euros in constant currency. Comps at Sunglass Hut worldwide rose 8.1%.

In the U.S., Sunglass Hut comps rose 10.8%. South Africa and the UK also posted positive results, while Australia and New Zealand were negative.

Wholesale sales: up 9.1% in constant currency to 553.5 million Euros.

CEO Andrea Guerra is particuarly happy with the outlook in North America.

"I am absolutely positive about the next eight months in North America," Guerra said, according to a transcript of the conference call.

Luxottica Group has 6,300 optical and sunglass stores around the world and makes a large portfolio of sunglass brands including Ray-Ban, Oakley, Vogue, Persol, Oliver Peoples, Arnette and REVO, Burberry and Chanel.

 

 


Articles You Might Have Missed