STOUGHTON, Mass. -- Reebok International Ltd. reported United States apparel sales in the fourth quarter ended Dec. 31 rose 54.2 percent to $30.6 million, from $19.9 million a year earlier.
For the year, domestic apparel sales jumped 62.6 percent to $125.4 million, with 1994's order levels running nearly double the comparable 1993 levels, according to Paul Fireman, chairman and chief executive.
Reebok brand sales outside the United States, including footwear and apparel, increased 10.2 percent to $216.4 million despite the negative effect of currency translation, the company said.
Total company earnings for the quarter were $50.7 million, or 59 cents a share, against operating earnings of $49.8 million, or 54 cents, in the year-ago quarter before a $117.4 million restructuring charge. After the charge the company reported a net loss of $67.7 million for the year-ago quarter.
Hurt by a decline in footwear sales, net sales for the quarter dropped 6.1 percent to $602.6 million from $641.9 million. For the year the company earned $223.4 million, or $2.53, after a $7 million restructuring charge, against $114.8 million, or $1.24.
Sales for the year slipped 3.3 percent, to $2.9 billion from $3 billion.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)