Home / Knowledge / News / Textiles / Passaic-based firm might shut down if Girl Scouts ends contract
Passaic-based firm might shut down if Girl Scouts ends contract
30
Oct '10
Jackie Evans Inc. – a local textile company of US might be forced to dismiss its 90 employees and close down if its only customer, The Girl Scouts of the USA, takes the decision to shift its business to China. The company has been manufacturing uniforms for the Girl Scouts since last 10 years. But the business could face serious challenges if the Girl Scouts gets better quality of products in lesser prices from a different manufacturing company.

According to the official sources of the Girl Scouts, the Passaic-based company is one of the four dealers from which it will seek quotation to manufacture the organization's uniforms and sashes. The vice-president and general manager for Girl Scouts merchandise – Barry Horowitz, said that two of these dealers are based in abroad and one in China.

The employees at the Passaic-based factory expressed concern about their future in case the Girl Scouts cancels its contract with the company, as it has been a source of income for several generations of local employees.

The Girl Scouts is under pressure due to increased expenditure and falling revenues. Towards the end of last year, the Girl Scouts declared that it had around $160 million in assets but the organization has seen a decline in its savings or short-term cash investment from US $13.6 million to $5.6 million between 2008 and 2009, as per the latest public financial reports. The organization has also registered a huge rise in the pension costs from around $1 million to $28 million.

Fibre2fashion News Desk-India

Must ReadView All

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

RBI Governor Urjit Patel and other officials addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

RBI withdraws the incremental CRR from Dec 10

The Reserve Bank of India (RBI) has decided to withdraw the...

Textiles | On 7th Dec 2016

‘Price-competitiveness is crucial for China yarn market’

Kikani Exports, India based yarn supplier with 12 years of experience ...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Binoy Ravjani
Hero's Fashion

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

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

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

Lynda Kelly
Suominen Corporation

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

Robert Brunner
Devereux

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search