Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at email@example.com in case you need any other additional information.
Wholesale sales for the fourth quarter increased 3.4 per cent to $45.9 million compared to $44.4 million for the same period in 2017. Retail sales for the fourth quarter increased 14.6 per cent to $16.5 million compared to $14.4 million for the same period last year. Military segment sales for Q4 were $4.8 million compared to $8.2 million in Q4 2017, the company said in a press release.
For 2018, wholesale sales increased 3.9 per cent to $173.1 million compared to $166.7 million for 2017. Retail sales increased 10.1 per cent to $53.2 million compared to $48.4 million for the same period last year. Military segment sales were $26.4 million compared to $38.2 million in 2017.
“Our fourth quarter sales performance was fueled by mid-teens growth of our retail segment as our Lehigh CustomFit programme continues to gain traction with existing and new accounts. At the same time, our wholesale business posted a solid gain driven primarily by robust demand for our hunting and commercial military categories,” said Jason Brooks, president and chief executive officer.
“The significant improvement in profitability for both the fourth quarter and full year demonstrates the progress we’ve made enhancing our gross margins through segment mix, increased manufacturing efficiencies and improved full priced selling combined with tightly managing operating expenses. Looking ahead, we see an opportunity to accelerate top-line growth by reinvesting a portion of our recent earnings in additional marketing support for our portfolio of authentic brands and differentiated direct business-to-business model. We believe we have the right strategies in place to build on our recent momentum and continue generating increased value for our shareholders over the long-term,” added Brooks. (PC)
Fibre2Fashion News Desk – India
| On 4th Dec 2020
Oliver Dowden, UK secretary of state for the department of digital,...
| On 4th Dec 2020
The US Customs and Border Protection (CBP) agency recently banned...
| On 4th Dec 2020
PVH Corp, a US-based global apparel companies, has reported 18 per...
Weak rupee breeds inflation
Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd
Productivity, creativity and innovation play a vital role in the growth of ...
Dow Microbial Control
'Silvadur is most rapidly adopted in areas where hygiene-conscious and...
Established in 2016, Surat-based Shree Ganesh Yarns is a manufacturer of...
Headquartered in Finland, Helsinki, Lindström Group is a textile rental...
Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...
S Ziya Gumuser
Turkish nonwoven manufacturer Teknomelt has been around for only seven...
UK-based Directa Plus is one of the largest producers and suppliers...
With forces in engineering and process development, Andritz Nonwoven...
Aditi Somani specialises in luxury fusion wear with international cuts and ...
Sandeep and Sarah Shaikh Gonsalves
SS Homme celebrates the craft of traditional tailoring through the bespoke ...
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.