timberland australia “Wherever possible, a few people were moved to other positions and those impacted will receive support through severance and other transitional benefits, including outplacement assistance”,timberland outlet he informed.In connection with its stock buyback program, Timberland repurchased approximately 1 million shares in the first quarter of 2009 at a total cost of $10.0 million. Timberland ended the quarter with$159.2 million in cash and no debt. timberland online Inventory at quarter end was $162.8 million, down 9.7% versus 2008 first-quarter levels, reflecting the Company’s focus on maintaining clean inventory levels in the face of challenging market conditions. timberland boots Accounts receivable decreased 14.6% to $172.3 million, compared to the prior year.
Operating income for the first quarter of 2009 was $18.2 million, compared to $23.2 million in the prior year period. The 2009 first quarter included a $0.9 million non-cash intangible asset impairment charge. In the quarter, foreign exchange rate changes decreased operating income by approximately $1 million due to the strengthening of the U.S. dollar.
timberland boots online Leather that is refurbished at the company’s factory in the Dominican Republic."We greatly appreciate the continued enthusiasm that longtime sponsor Timberland brings to the Sundance Film Festival," said Keri Putnam, Executive Director cheap timberland boots of Sundance Institute. "
timberland boots sale This past Spring I graduated from the University of New Hampshire and while at a post-commencement celebration, I was particularly surprised when a family friend approached me and handed me a Dr. Seuss book, “Oh the Places You’ll Go!” This was the most unique gift I received that day,timberland boots australia and after a quick read, it turned out to be a simple yet very sincere story, a tale of chasing your dreams and moving mountains along the way.
North America revenuetimberland outlet australia declined 13.0% to $119.9 million, reflecting soft consumer spending in the U.S. Europe revenue decreased 15.0% to $140.0 million but was down only 1.7% on a constant dollar basis. European results reflect declines in the apparel and casual footwear businesses, partially offset by strong sales of men’s and women’s boots. Asia revenuetimberland australia outlet decreased 2.9% to $36.8 million, and decreased 6.2% on a constant dollar basis driven by declines in the apparel business and the casual footwear business, partially offset by strengthening of the men’s boots business.
- In the third quarter of 2009, the effective tax rate was 38.2%. timberland australia online For the full-year 2009, the Company anticipates that its effective tax rate will be approximately 28.5%.In 2012, Timberland furthered its “beyond factory walls” approach to social and environmental impacts in its supply chain through a variety of projects that promote the welfare of employees and their communities. Projects supported by Timberland this year included parenting skills and stress management training in China, a community child care center in India, financial timberland outlet online literacy programs in India and clean drinking water towers in northern Vietnam. The company also launched SAI’s (Social Accountability International’s) Social Fingerprint tool for benchmarking and guidingtimberland online store factories in developing best-in-class social/labor management systems, exceeding its goal for factories reaching Level 3. Timberland employees completed 81,921 hours of community service in 2012. Many of those hours were dedicated to the company’s two major service events – Serv-a-palooza, Timberland’s annual global community service event, and Earth Day – timberland online australia and involved thousands of employees and guests in service projects around the world. timberland online store australia This is part of the company’s 20-year tradition of giving employees up to 40 hours of paid time to engage in community service each year.“Timberland embeds sustainability into its strategic business objectives, an approach we timberland boots australia online find highly effective,” added Newton. “To meet those objectives, we must hold our company accountable for its actions through transparent reporting.”
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