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Declines in Timberland casual footwear business
01 May '09
4 min read
The Company anticipates that 2009 will continue to be challenging due to the uncertainty around consumer spending patterns and the financial health of the retail industry. Given the volatile nature of current economic conditions, the Company believes there is not sufficient visibility to set expectations for the performance of the business.
Jeffrey B. Swartz, Timberland's President and Chief Executive Officer, stated, "As 2009 begins to unfold, we are seeing consumers becoming more selective in their purchases, and turning increasingly to trusted authentic brands like Timberland. The Timberland brand heritage, known for quality, durability and values—coupled with our long held financial conservatism—provides a strong foundation that gives us stability in this difficult economic environment. This foundation allows us to continue to stay committed to our brand-invigorating strategies and positions us well for growth when the economy recovers.”
Jeffrey B. Swartz, Timberland's President and Chief Executive Officer, stated, "As 2009 begins to unfold, we are seeing consumers becoming more selective in their purchases, and turning increasingly to trusted authentic brands like Timberland. The Timberland brand heritage, known for quality, durability and values—coupled with our long held financial conservatism—provides a strong foundation that gives us stability in this difficult economic environment. This foundation allows us to continue to stay committed to our brand-invigorating strategies and positions us well for growth when the economy recovers.”
Timberland Company
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