Home / Knowledge / News / Apparel/Garments / Nitches to celebrate grand opening of eighth Backwoods store
Nitches to celebrate grand opening of eighth Backwoods store
26
Apr '08
Nitches Inc announced its results for the three and six months ended February 29, 2008.

Nitches reported that consolidated net sales for the second quarter of fiscal 2008 increased 13.1% to $16.1 million versus $14.3 million for the second quarter of 2007.

The sales increase was attributable primarily to an increase in shipments of men's sportswear and women's sleepwear product.

Consolidated net sales for the six months ended February 29, 2008 decreased 1% to $49.3 million versus $49.7 million for the six months ended February 28, 2007. The sales decrease was attributable primarily to a decrease in shipments of men's sportswear in the first quarter of fiscal 2008.

The Company reported a consolidated net loss of $1.9 million for the second quarter of fiscal 2008 versus a net loss of $530,000 in the prior year.

Second quarter loss per basic and diluted share were $.32 versus a loss of $.10 per basic and diluted share for the second quarter of fiscal 2008.

Consolidated net loss of $1.4 million for the six months ended February 29, 2008 compares with net income of $689,000 for the six months ended February 28, 2007.

For the current year period, the loss was $.25 per basic and diluted share versus earnings of $.14 per basic share and $.13 per diluted share for the first half of fiscal 2007.

Net sales and consequently earnings were negatively impacted during the current three and six month periods by lower realized gross margins due to pricing pressures and higher sales allowances granted to significant customers amid a weakening retail environment.

Must ReadView All

Apparel/Garments | On 27th Apr 2017

Boohoo's revenue increases 51% to reach £294.6 mn

Fashion e-commerce marketplace Boohoo has recorded a 51 per cent...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Apparel/Garments | On 27th Apr 2017

Amazon catching up with Flipkart in India: RedSeer

Online marketplace Amazon India has caught up with its biggest rival...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search