Vans Inc. BIG HUMONGOUS Earnings jump. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Vans Inc. BIG HUMONGOUS Earnings jump.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Feraldo who wrote (245)	12/15/1997 2:06:00 AM
From: Ted Levy	Read Replies (1) of 403

Great VANS news everyone: Sunday Los Angeles Times "Your Money/Market Beat" article by Tom Petruno about the fallout of the Asian crisis has three paragraphs about Vans as follows: ...While Asia's economic crunch has woeful implications for some U.S. companies, others are looking at a potential windfall. For example, Gary Schoenfeld, chief executive of Vans Inc., the Santa Fe Springs-based maker of casual shoes for the young and hip, can scarcely believe his good fortune. While many other U.S. shoe companies moved production out of South Korea in recent years, 80% of the shoes Vans sells are still produced in that nation. With the South Korean currency's plunge this year versus the dollar, the same Korean product that cost the equivalent of $1 four months ago would now cost about 50 cents, all other things being equal. "Right now, I sure like sourcing our shoes from Korea," says Schoenfeld, in a bit of an understatement. With the cost savings Vans will realize in purchasing shoes from South Korea, it can either reduce its retail prices, raise its profit margins or both. [Article continues] Go Vans! Ted

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next