PR: Vans Retail Stores Pass Century Mark
New store near Barcelona Spain put them over the top.
Edited by John Stouffer
(7-8-98)

(Press Release, July 8, 1998)—Vans, Inc. (NYSE: VANS) today announced the opening of its second retail store in Europe. The 1,894-square-foot location is in the La Roca center outside of Barcelona, adjacent to the major thoroughfare connecting the Costa Brava in Spain to the French Rivera, and marks the opening of Vans' 101st retail store.

Gary H. Schoenfeld, president and chief executive Officer, says: "Our first European store, located near Liverpool, England, has been among our top-five stores since it opened in May, and our overall retail sales for the month of June were outstanding, generating a comp store sales increase in excess of twenty percent and an overall year-to-year retail increase of over 40 percent, both of which are substantially above plan.

"We believe that our strong start in June bodes well for our brand as we enter back-to-school and begin the new fiscal year," he continues. "We are also very pleased about some of the particular retail opportunities unfolding internationally and our first retail/skate park concept scheduled for opening in Southern California this fall."

Back to Business Main