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BUSINESS
December 20, 2001 | Bloomberg News
Vans Inc., a maker and retailer of athletic footwear and clothing, said fiscal second-quarter profit fell 84% and profit in the second half will miss estimates as sales decline. The shares of Vans fell 35% to $9.10 in after-hours trading. They closed at $13.98 in regular trading and have fallen 17% this year. Net income in the quarter ended Dec. 1 fell to $513,000, or 3 cents a share, from $3.2 million, or 21 cents, in the year-earlier quarter, the company said in statement.
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BUSINESS
September 26, 2002 | LESLIE EARNEST, TIMES STAFF WRITER
Shoemaker Vans Inc., which has been struggling to improve both its products and the financial performance of its indoor skate parks, said Wednesday that earnings plunged 52% in its fiscal first quarter as sales of its women's shoes dropped 40%. Still, the Santa Fe Springs-based company managed to beat Wall Street's already lowered expectations by a nickel. In the first quarter ended Aug. 31, profit was $5.4 million, or 30 cents a share, compared with $11.
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BUSINESS
December 18, 1996
Footwear manufacturer and retailer Vans Inc. said that net income for the second fiscal quarter reached a record $2.4 million, or 18 cents a share, 85% higher than the $1.3 million, or 13 cents a share, reported a year ago. Sales for the quarter ended Nov. 30 rose 27%, to a record $37.1 million from $29.1 million. Net income for the first half advanced to $5.5 million, or 40 cents a share, from $1.7 million, or 17 cents a share, for the first six months of the prior fiscal year.
BUSINESS
December 20, 2001 | Bloomberg News
Vans Inc., a maker and retailer of athletic footwear and clothing, said fiscal second-quarter profit fell 84% and profit in the second half will miss estimates as sales decline. The shares of Vans fell 35% to $9.10 in after-hours trading. They closed at $13.98 in regular trading and have fallen 17% this year. Net income in the quarter ended Dec. 1 fell to $513,000, or 3 cents a share, from $3.2 million, or 21 cents, in the year-earlier quarter, the company said in statement.
BUSINESS
May 8, 1998 | PATRICE APODACA, TIMES STAFF WRITER
Moving to cash in on the popularity of skateboarding and in-line skating, an ambitious new retail and entertainment center in Orange will feature what's being billed as the nation's largest and most technically advanced skate park. Footwear company Vans Inc. said Thursday that it has broken ground on the skate park at the new mall, which has been named the Block. The $165-million center is being built on the site of the former City shopping center by Mills Corp.
BUSINESS
February 23, 1994 | MICHAEL FLAGG, TIMES STAFF WRITER
Vans Inc., which makes fashionable canvas sneakers, said Tuesday it would have another losing third quarter this year. The company said it expects what it called a "modest" loss--probably between 3 cents and 9 cents a share--for the quarter, which ends Monday. That would be an improvement over the same quarter last year, however, when the company lost $2.4 million, equal to 25 cents a share, on sales of $18 million.
BUSINESS
April 8, 1994 | DEBORA VRANA, SPECIAL TO THE TIMES
For the first time in the company's 28-year history, Orange-based Vans Inc. will watch today as 1,400 manufacturing workers vote on whether to form a union at the largest plant operated by the maker of canvas shoes. The election is a sign of dissatisfaction among some of the company's mostly Latino employees, who, the Teamsters union says, cannot afford to pay their share for health benefits.
BUSINESS
March 23, 2001
* Santa Fe Springs-based apparel retailer Vans Inc. reported fiscal third-quarter profit of $2.6 million, or 17 cents a share, compared with $1.7 million, or 12 cents, a year ago. Sales rose 21% to $83.3 million.
BUSINESS
September 20, 1996
Vans Inc., a manufacturer, wholesaler and retailer of footwear, said net income surged in the fiscal first quarter on record sales. Net income increased to $3.1 million, or 23 cents a share, from $457,000, or 5 cents a share, for the first quarter last year. Sales for the quarter ended Aug. 31 reached $44 million, 55% higher than the $28.4 million reported a year ago.
BUSINESS
November 22, 1996
Vans Inc. said Thursday that it has acquired 51% of Global Accessories Ltd., its exclusive distributor for the United Kingdom, in a $2.7-million stock transaction. Vans, a footwear retailer, said it will acquire the remaining 49% of the London-based company's stock over a five-year period. Global Accessories has been the exclusive United Kingdom distributor of Vans' products since June 1994.
BUSINESS
July 25, 2001 | From Associated Press and Bloomberg News
McDonald's Corp. on Tuesday reported a 16% drop in profit, its third straight quarterly decline, as the burger giant's stock rose modestly on its latest assurance that beef safety fears are easing in Europe, its top international market. Squeezed by weak foreign currencies and other concerns, McDonald's said it may close as many as 250 under-performing restaurants this quarter, primarily in emerging international markets.
BUSINESS
March 23, 2001
* Santa Fe Springs-based apparel retailer Vans Inc. reported fiscal third-quarter profit of $2.6 million, or 17 cents a share, compared with $1.7 million, or 12 cents, a year ago. Sales rose 21% to $83.3 million.
BUSINESS
February 21, 2001 | Bloomberg News
Vans Inc., a maker of athletic footwear and clothing, said General Electric Co.'s NBC Sports agreed to broadcast Vans-sponsored sports events such as skateboarding and surfing. Financial terms of the three-year agreement weren't disclosed. NBC Sports will begin the broadcasts this year, Vans said. Vans shares fell 75 cents to close at $21.50 on Nasdaq. They had risen 31% this year. Fairfield, Conn.-based General Electric rose 69 cents to close at $47.69 on the New York Stock Exchange.
BUSINESS
September 22, 2000
* Vans Inc. said net income rose 29% to $7.6 million, or 52 cents a share, in its fiscal first quarter. The Santa Fe Springs-based marketer of active and casual shoes targeted to young consumers said sales jumped 21% to $100.6 million. Sales in the U.S. grew 33% to $72.9 million, with sales in Van's retail stores up 32% to $26 million. International sales were essentially flat at $28 million, hurt by the weak euro against the dollar.
BUSINESS
May 6, 2000 | JERRY HIRSCH, TIMES STAFF WRITER
Too many shoes, too many stores and no Michael Jordan-powered basketball championships left the casual shoe industry playing like the Los Angeles Clippers last year--down and out. But in recent months, the industry, which relies on athletic shoe sales, is posting a rebound that basketball bad boy Dennis Rodman would be proud of--strong, but quirky. Shares of Skechers USA Inc.
BUSINESS
July 31, 1999 | Bloomberg News
Vans Inc., a maker of trendy footwear and clothing, said it acquired High Cascade Snowboard Camp Inc., a summer snowboard camp, for an undisclosed amount of stock to boost its brand name among its target audience. Closely held High Cascade, at the base of Mount Hood in Government Camp, Ore., primarily operates from June through August for both U.S. and international participants.
BUSINESS
June 19, 1999 | Leslie Earnest
Vans Inc. said Friday that it plans to open two more skate centers in California modeled after its popular Vans Skate Park in Orange, bringing to six the number of parks in development. The newest projects will be built in Bakersfield and Milpitas, in the San Francisco Bay Area. The Bakersfield park could be ready by August. The Milpitas skate center, and a previously announced park in Ontario, should be complete in the fall.
NEWS
March 16, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
Driven by the boom in skateboarding, shoemaker Vans Inc. and teen apparel retailer Pacific Sunwear of California said Monday that they are teaming up to make and sell a line of Vans skate-inspired clothing. The venture between the two Southland companies weds one of the biggest names in the fast-growing skateboard industry with one of the hottest and biggest retailers to teens. Both companies target hard-to-please but eager-to-spend customers who are as fickle as they are hip.
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