Phoenix Footwear posts 60% rise in sales

24/03/2006

US multi-brand footwear, apparel and accessories company Phoenix Footwear Group, Inc., has reported a 60.2% increase in net sales for the fourth quarter ended December 31, 2005, to reach $33.2 million compared with $20.7 million for the fourth quarter of 2004.

The strong performance was attributed to robust growth from the Royal Robbins brand and the recently acquired Chambers and Tommy Bahama brands.

For the twelve months ended December 31, net sales increased 42.9% to a record $109.2 million compared with $76.4 million for the prior-year period. The growth was primarily attributable to a robust year-over-year increase from Royal Robbins and H.S. Trask and strong contribution from Chambers and Tommy Bahama in the second half of 2005.

Phoenix Footwear designs and markets men's and women's dress and casual footwear, belts, personal items, outdoor sportswear and travel apparel. The company's brands include Royal Robbins apparel, the Tommy Bahama, Trotters, SoftWalk, Strol, H.S. Trask, and Altama footwear lines, and Chambers Belts.