Vans, Inc. Opens New Outlet Store In Guam -- Announces
First International Company Owned Store --
Friday November 21, 1:03 pm Eastern Time
Company Press Release
SANTA FE SPRINGS, Calif.--(BUSINESS WIRE)--November 21, 1997-- Vans,
Inc. (Nasdaq:VANS - news) today announced the grand opening of a new
Company-owned outlet store in Guam, the Company's first international location. The 2,700 square foot facility is located in The Guam Factory Outlets shopping center, one of two shopping centers on the island.
''We are very excited to have our first international location open,'' said Gary H. Schoenfeld, President and Chief Executive Officer. ''In the short time this store has been open, it has generated more daily customer traffic than any of our other locations, and it is well-ahead of its sales plan. We believe the exceptional performance of this outlet not only validates our outlet store strategy, but also highlights the opportunity of the VANS brand internationally and serves to build further brand awareness worldwide.''
Vans, Inc. is a branded manufacturer, wholesaler and retailer of active-casual footwear, clothing and accessories and performance footwear for enthusiast sports. Products are sold through a network of independent and national retailers, internationally through distributors for 80 countries and Company subsidiaries in the United Kingdom, Mexico, Brazil and Argentina, and through 91 Company-owned stores and factory outlets.
Contact:
Gary H. Schoenfeld
President and Chief Executive Officer
562/565-8545
or
Contact: Christine DiSanto/Jim Cappuccio
Press: Miriam Adler/Erika Brown
Morgen-Walke Associates
212/850-5600 |
