Home / Knowledge / News / Apparel/Garments / Israel's Delta to close subsidiary kidswear firm
Israel's Delta to close subsidiary kidswear firm
20
Feb '12
Delta Galil Industries, a global manufacturer and marketer of branded and private label apparel products for men, women and children, has announced closure of its subsidiary company Delta Kids.

The decision to shut the kidswear firm was taken on account of the company's US branches registering high losses, Issac Dabah, CEO of Delta, said post-presentation of the 2011 cost analysis and the company's projected sales forecast for the current year.

Delta Kids was launched as a separate apparel chain around a year back, but subsequently, the Delta management realized that the store earned more profit while functioning as a unified Delta brand, catering to the whole family, rather than functioning as an individual brand catering only to kids' apparels.

The 2011 cost analysis showed Delta's turnover increasing by 9 percent year-on-year to an estimated US$ 678.8 million.

There was also an increase in the company's operational revenue, which rose by 28 percent y-o-y to US$ 39.7 million. The rise in operational revenue was due to two new additions – Nike and Victoria's Secret – to the brands sold at Delta stores.

During first half of 2012, Delta is planning to open 14 new outlets.

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search