Home / Knowledge / News / Apparel/Garments / Talon Zipper & Trim products sales up
Talon Zipper & Trim products sales up
Aug '08
Talon International Inc, a leading global supplier of apparel accessories including Talon zippers, fasteners, trim and interlining products, reported financial results for the second quarter ended June 30, 2008.

Second Quarter 2008 Highlights:
• Talon zipper sales up 37% vs. Q2 2007
• Net sales for the quarter $17.0 million, up 26% vs. Q2 2007
• Net income of $0.6 million, up 22% vs. Q2 2007

Second Quarter 2008 Financial Results:
Net sales for the second quarter of 2008 were $17.0 million, an increase of 26% from $13.6 million in the second quarter of 2007. The revenue reflects continued growth within Southeast Asia and within new brands and program sales of Talon Zipper and Trim products.

Talon Zipper sales increased $3.1 million, or 37%, to $11.4 million in the quarter, as compared to the same period a year ago. Talon Trim sales increased $0.6 million, or 12%, to $5.5 million as compared to the same period a year ago. Tekfit waistband sales were as anticipated, $0.2 million less than in the same period in 2007.

Net sales for the six months ended June 30, 2008 were $27.0 million, an increase of 19% from $22.6 million for the same period in 2007. Talon zipper sales for the first six months of 2008 increased $4.1 million or 31% more than in 2007. Trim product sales for the first six months of 2008 were $9.9 million or $900,000 greater than the same period in 2007; an increase of 10%. Tekfit product sales for the first six months of 2008 were $44,000, a decline of $594,000 from Tekfit sales of $638,000 for the first six months of 2007.

"Our gain in sales for the second quarter and year to date exceeded our expectations," said Lonnie Schnell, Talon's CEO. "The improvement is principally the result of new brand programs within the US and with our sales expansion within Southeast Asia, particularly China, for our Zipper and Trim products.

The demand for a quality global supply alternative within the zipper market is strong, and Talon represents the leading solution for a growing number of major brand retailers. Additionally, the refocusing of our sales force that we announced in March is beginning to reflect the synergies we expected within all of our product lines."

"As anticipated, Tekfit sales were lower year over year," continued Schnell. "However, we are beginning to see modest results from our sales and marketing efforts over the last year, with a growing interest in, and adoption of the technology, by new customers."

Gross profit for the second quarter of 2008 totaled $4.9 million or 29% of sales, as compared to $4.1 million or 30% of sales in same quarter in 2007. Gross profit for the six months ended June 30, 2008 was $7.7 million, an increase of $829,000 over the same period in 2007. The increase in gross profit for the quarter and the six months was attributable to higher overall sales volumes, partially offset by higher manufacturing costs, increased freight and delivery charges, and customer accommodations on deliveries.

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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