H.S. Trask performs better in Q2, says Phoenix Footwear
05 Aug '05
9 min read
Altama: Altama's net sales for the second quarter of 2005 decreased 71.5% to $3.5 million, compared to net sales of $12.2 million for the second quarter 2004, prior to their acquisition of the brand.
As previously announced, the sales decline for the quarter was attributable to a temporary cessation in Department of Defense (DOD) deliveries at their Altama unit. The DOD has begun to receive shipments in the third quarter and they expect third quarter sales in-line with what they experienced in late 2004 and early 2005.
They believe the unit will add sustainable new sales volume as it begins to implement their strategy of diversifying revenues, with new opportunities resulting from safety toe boots, United States Marine Corps certification and its introduction of the EXO-Speed line of public safety footwear during the second half of 2005.
Chambers: They completed their acquisition of the Chambers Belt Company on June 29, 2005.
The business had no impact on their income statement during the second quarter; however its effect is included in the assets and liabilities of their July 2, 2005 balance sheet. This division is anticipating opportunities stemming from tests of several new initiatives in the mass sector beginning with Wal-Mart in August.
Additional new growth is anticipated through its new Union Bay license in the moderate retail sector, along with new distribution of branded products in better department stores.
marketing@alchempro.com
