Vans Inc.: The Orange-based sneaker maker has...
- Share via
Vans Inc.: The Orange-based sneaker maker has reported a drop in sales and income for the second quarter that it believes is due to soft markets in California and Mexico.
For the quarter ended Nov. 29, earnings were $1.4 million, or 15 cents a share, down 33% compared to $2.1 million, or 21 cents a share, for the same period last year. Sales were $20.7 million, off from $21.3 million for the same period last year.
“We believe that the Southern California market will remain soft for some time, but are encouraged by the relatively good performance of the company retail stores, which we believe are outperforming most retailers in Southern California,” said Richard P. Leeuwenburg, Vans president.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.