October 27, 2000
The Foothill Ranch automobile finance company said third-quarter net income fell nearly 35% to $1.7 million, or 32 cents a share, from $2.6 million, or 39 cents a share, for the same period in 1999. Revenue increased 4.4% to $26.2 million.
October 4, 2000 |
Specialty retailer Wet Seal Inc., struggling for the last year since it misjudged its market for young women's apparel, said late Tuesday that its president and chief operating officer has resigned. Edmond Thomas, who has been with the Foothill Ranch company since 1992, will depart effective Oct. 13. Thomas was responsible for Wet Seal's financial management, merchandise distribution, real estate and other matters. Thomas could not be reached for comment.
July 21, 2000 |
Wet Seal Inc. warned Thursday that second-quarter earnings are likely to fall sharply, coming in far below analysts' expectations. The Foothill Ranch specialty retailer has been struggling since last summer after misjudging the apparel desires of its fickle customers--mostly young females. With less than two weeks remaining in the current quarter, sales at stores open at least a year have dipped 3%. Same-store sales were off 8.5% for the full second quarter last year.
July 20, 2000 |
The exploding Oakley sunglasses worn by Tom Cruise in the blockbuster movie "M:I-2" have helped trigger a sales explosion for the Foothill Ranch-based maker of stylish eye wear. Oakley Inc. logged a record $100 million in sales in its second quarter, due in part to strong demand for snazzy styles such as the those shown in "M:I-2." Earnings surged 80%, far exceeding analysts' expectations, marking the company's second strong quarterly performance after a lackluster 1999.
July 11, 2000
Perigon Medical Distribution Corp., a distributor of medical and surgical supplies, said Monday that it has moved its corporate headquarters from Laguna Hills to Towne Centre Plaza in Foothill Ranch. The company said in a press release that its 21 employees now occupy 10,500 square feet of space under a three-year lease. No other terms were disclosed.
June 24, 2000 |
He runs a multimillion-dollar Foothill Ranch vitamin company whose products get rave reviews from actors Sylvester Stallone and Chuck Norris and New York Mets catcher Mike Piazza. But New Jersey officials are preparing a bitter pill for 88-year-old Jay Patrick: They want to force him to pay for the estimated $2-million cleanup at the site of a chemical company he ran for 25 years in Bergen County where about 1,000 drums of toxic solvents were found buried. Patrick acknowledges that Tect Inc.
June 23, 2000
Foothill Ranch Co. and Searles Devcorp said they plan to begin construction next month on a 360,000-square-foot office complex on 18 acres in Lake Forest. The Foothill Ranch Office Campus will consist of office buildings, restaurants and a hotel. The complex is the last available business parcel in the Foothill Ranch area.
CALIFORNIA | LOCAL
May 3, 2000 |
After almost a decade of debate, Foothill Ranch and Portola Hills are poised to become part of Lake Forest. The two communities in the foothills of the Santa Ana Mountains will be annexed as soon as Lake Forest officials have completed all the paperwork required by the state, probably next week. After a final public hearing Tuesday night drew only a couple of opponents and no organized challenge, the Lake Forest City Council declared that the annexation could proceed.