Vans Inc. BIG HUMONGOUS Earnings jump. Message Board

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

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To: Feraldo who wrote ()	1/11/1998 1:08:00 PM
From: Ted Levy	Read Replies (1) of 403

Very positive excerpt from Fri., January 9th Dow Jones news release: BOSTON -(Dow Jones)- The athletic footwear industry is expected to report lackluster fourth-quarter results, reflecting a continuing swing to other casual styles... Hardest hit were companies with large basketball shoe sales, including the three largest athletic footwear manufacturers - Nike Inc. (NKE), Reebok International Ltd. (RBK) and Fila Holdings SpA (FLH)... In suburbs, the rage is the "plain vanilla" look encapsuled by off-beat brands and preferred by skateboarders, surfers and snowboarders... One company cashing in on the fashion switch is Vans Inc. (VANS), an alternative brand with a growing skateboard following. Last month the Orange, Calif.-based concern said earnings for its second fiscal quarter ended Nov. 29 rose 19% to $2.9 million, or 21 cents a share, from $2.4 million a year earlier. Sales increased 19% to $44.2 million from $37.1 million. GO VANS! Ted

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