Spy Optic...Warehouse sale next Saturday!

While a lot of brand are struggling with the economy, some brands are doing worst than others. Spy Optic is not doing too well these days as it is shown in their quarterly report:

"Consolidated net sales for the three months ended September 30, 2009 were $8.8 million compared to net sales of $12.0 million for the three months ended September 30, 2008. We incurred a net loss of $1.1 million for the three months ended September 30, 2009, compared to net income of $6,000 for the three months ended September 30, 2008. The net loss for the three months ended September 30, 2009 included a $0.7 million increase in inventory reserves for slow moving and obsolete inventory"

At least all those unsold products will be discounted at the one day warehouse sale this saturday.

Another way for them to make some cash is to do a global licensing for other action sports brands like O'Neill: "Orange 21 will design and develop O’Neill Eyewear under a license agreement. The agreement sees Orange 21 working closely with O’Neill’s designers to design, develop, market and sell O’Neill branded sunglasses and snow goggles expected to launch to market in March 2010."