Vans Sets Sales Record

Vans Inc., a manufacturer, wholesaler and retailer of footwear, said net income surged in the fiscal first quarter on record sales. Net income increased to $3.1 million, or 23 cents a share, from $457,000, or 5 cents a share, for the first quarter last year. Sales for the quarter ended Aug. 31 reached $44 million, 55% higher than the $28.4 million reported a year ago.