"While this new agreement solidifies a long-standing relationship, I am even more pleased with both management teams' renewed commitment to showcasing each company's multi-branded offerings in our respective retail channels," concluded Olivet.
Net sales of Oakley optics totaled $158.5 million in the second quarter of 2006, an increase of 20.9 percent compared with $131.1 million in the same period of 2005.
Second quarter net sales of Oakley apparel, footwear and accessories (AFA) totaled $30.5 million, including the impact of a $1.8 million returns and discounts accrual related to the company's footwear restructuring announced on February 9. Second quarter AFA net sales of $30.5 million represented an increase of 2.5 percent compared with net sales of $29.8 million in the second quarter of 2005.
Second quarter net sales of other brands, which consists of non-Oakley products sold through the company's Sunglass Icon and OSA retail stores, increased 52.6 percent to $14.6 million from $9.5 million in the second quarter of 2005.
Total US second quarter net sales increased 24.3 percent to $119.9 million, compared with $96.4 million during the second quarter of 2005. Net sales to U.S. wholesale customers totaled $74.4 million in the second quarter, a 12.9 percent increase compared with $65.9 million in the comparable 2005 period, driven by a significant increase in optics sales, partially offset by a significant double-digit decline in AFA net sales.
marketing@alchempro.com
