Oakley to Combine Sunglass Retail Outlets
From Bloomberg News
Oakley Inc. said it would merge its half a dozen sunglasses outlets into a single brand as it focuses on optics.
Most of the Foothill Ranch company’s 110 mall-based stores would be consolidated under its Sunglass Icon brand.
The change affects Oakley’s Occhiali da Sole, Optica Sporting Eyes, Sunglass Club and Sunglass Designs chains.
The company said that two Optica stores would be managed by Optical Shop of Aspen, a fashion-eyewear maker bought by Oakley in March.
Oakley decided in February to quit making most footwear to focus on more-profitable sunglasses.
Shares of Oakley fell 14 cents to $16.12.
