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Non-Tech : Sunglass Hut RAYS- Will it ever breakout?

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To: marc chatman who wrote (676)10/16/1997 4:23:00 PM
From: marc chatman   of 971
 
From BOL's earnings release:

Eyewear segment revenues were down 13% from last year and 10% after currency adjustments, partially as a result of lower
sales of sunglasses to Sunglass Hut International, this business' largest customer. Excluding sales to this customer, sunglass
sales in the U.S. declined 7% due to continued competitive pressure, while currency-adjusted sales in Europe continued to
show positive trends. Difficult market conditions and increased competition in the sunglass business negatively impacted results
in the Asia-Pacific region. Sales in Latin America grew 17% as many of the markets in the region enter their peak selling
season with the benefit of the products and marketing programs which have yielded positive results in Europe.


biz.yahoo.com
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