USA: Oakley Lease New Site For Footwear And Apparel Lines
Oakley, Inc (NYSE:OO) has reported it has leased a new 118,000 square foot warehouse and shipping facility in Ontario, California to support the expanding needs of its footwear and apparel lines.
With a current backlog for its Spring 2001 footwear and apparel lines standing at $18.9m, a 500 per cent increase on last years figure of $3.7m, Oakley has been forced to take the lease to ensure it meets demand.
Oakley chief operating officer Link Newcomb said: "We continue to see excellent response from worldwide retailers and are gearing up for successful delivery of the spring 2001 footwear and apparel lines."
"As we establish our brand in these new categories, we continue to gain more success in prebooking orders from our retailers before the season begins. The Ontario facility gives us the added shipping infrastructure and capacity necessary to accommodate the specialized needs of these lines.'' he added.
The new facility is expected to be in full operation in January 2001 and will begin shipping the spring footwear and apparel lines to retailers worldwide beginning in February 2001 continuing through early second quarter 2001.
It is hoped that by focussing the production of its footwear and apparel lines at the Ontario site, Oakley will be able to free up additional space at the Foothill Ranch headquarters to concentrate on the eyewear and watch brands.
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