Although, Luxxotica, the parent company of Oakley, Ray Ban, Arnette, and others, Q1 sales were down 11.6%, Oakley/Ray Ban sales helped off set the companies weak performance in other sectors.
“The positive sales performance in all markets by Oakley and the success of Ray-Ban’s optical collections only enabled the Group to partially offset the effects of the challenging macro-economic environment, which triggered strong measures by clients to cut inventory levels. Wholesale sales for the period were Euro 501.6 million, compared to Euro 619.6 million (down by 19.0% at current exchange rates and by 19.8% at constant exchange rates). Regarding sales in key geographical regions, Luxottica’s performance was substantially positive in Continental Europe and South America, while sales were down in Southern Europe, North America and the Far East. “
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Billabong Pro Tahiti is called off for the second day in a row. The event will resume tomorrow morning if the swell that is predicted hits. Perry Hatchett, ASP World Tour Head Judge, said, “We went on hold for the morning to see if the swell would jump and the wind would turn but it hasn’t with only small, onshore waves out there today. We’re expecting a new swell to fill in over the coming days with better winds so we’re hoping to be running again soon.”
On shore winds and 4ft waves cause the event to be called off today. Billabong Pro Contest Director, Luke Egan, says:
“We obviously don’t have the idyllic conditions that graced us yesterday with the swell a bit lump and the wind onshore. We’ve called competition off for the day, but are monitoring swell and winds for the coming days and it looks like we may be running again soon. We’ll be back tomorrow morning to make another decision.”
REMAINING ROUND 1 MATCH-UPS:
Heat 15: Heitor Alves (BRA) vs. Michel Bourez (PYF)
Heat 16: Roy Powers (HAW) vs. Mick Campbell (AUS)
ROUND 2 MATCH-UPS:
Heat 1: C.J. Hobgood (USA) vs. Phillip MacDonald (AUS)
Heat 2: Jeremy Flores (FRA) vs. Jay Thompson (AUS)
Heat 3: Kieren Perrow (AUS) vs. TBA
Heat 4: Taj Burrow (AUS) vs. Marlon Lipke (DEU)
Heat 5: Fredrick Patacchia (HAW) vs. Josh Kerr (AUS)
Heat 6: Adrian Buchan (AUS) vs. TBA
Heat 7: Taylor Knox (USA) vs. Kai Otton (AUS)
Heat 8: Joel Parkinson (AUS) vs. Heiarii Williams (PYF)
Heat 9: Bede Durbidge (AUS) vs. Andy Irons (HAW)
Heat 10: Bobby Martinez (USA) vs. TBA
Heat 11: Adriano de Souza (BRA) vs. Dustin Barca (HAW)
Heat 12: Jordy Smith (ZAF) vs. TBA
Heat 13: Kelly Slater (USA) vs. Aritz Aranburu (EUK)
Heat 14: Damien Hobgood (USA) vs. Dean Morrison (AUS)
Heat 15: Mick Fanning (AUS) vs. Ben Dunn (AUS)
Heat 16: Tom Whitaker (AUS) vs. Tim Boal (FRA)
Billabong Pro info
ASP World Tour info
