>>
Home / Knowledge / News / Fashion / Innovo reports branded apparel sales up $9.7mn in June

Innovo reports branded apparel sales up $9.7mn in June

08
Jul '05
Apparel & accessory seller & marketer Innovo Group Inc announced net sales of $29.4 million for its second quarter ended May 28, 2005, a 15% increase over net sales of $25.6 million in the prior year comparative period. For the second quarter, the Company recorded net income from continuing operations of $423,000, or $0.01 per share.

- The Company's Joe's Jeans subsidiary experienced an increase of over 100% in net sales during the second quarter compared to the prior year comparative period.

- Branded apparel sales were $9.7 million during the second quarter compared to $7.0 million in the prior year comparative period, a 38% increase.

- The Company's private label apparel sales were $19.7 million compared to $18.5 million in the second quarter of 2004, a 6% increase.

- The Company's overall gross margins increased to 25% for the second quarter of fiscal 2005 from 10% in the prior year
comparative period.

- The Company generated net income from continuing operations of $423,000 during the period.

Jay Furrow, CEO of Innovo, commented: "We are pleased with the first six months of fiscal 2005 and continue to be encouraged with the overall direction of our business. With the Company's improved financial performance, we are optimistic about the Company's ability to continue to successfully execute on our denim lifestyle strategy by capitalizing on our existing businesses and other opportunities that complement our overall strategy."


Must ReadView All

Pic: Shutterstock

Textiles | On 21st Jan 2022

China to optimise energy production, supply, storage, sales

As the global energy market faces complicated situations, China’s top ...

Pic: Dreamstime.com

Apparel/Garments | On 21st Jan 2022

Bangladeshi garment, accessory makers form joint panel to boost export

The Bangladesh Garment Manufacturers and Exporters Association, the...

Pic: Shutterstock

Textiles | On 21st Jan 2022

New cargo trains link China's Inner Mongolia, Fujian to Moscow

A new cargo train carrying 50 containers departed on January 12 from...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

K Madhavan,

K Madhavan

Established in 2005 by P Manjunath, Peps is India's largest inner spring...

Atul Ganatra,

Atul Ganatra

<div>Engaged in providing a wide range of services to the entire cotton...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

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

Leave your Comments

ESTEEMED CLIENTS

Walmart
Recron Polyester from Reliance Industries Limited
Sportmaster Ltd.
SYNERGIES HONG KONG LIMITED
Alix Partners
SHAHI Exports Pvt Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
PVH Corporation
Truetzschler India Private Limited
Decathlon
Chori Company Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Phong Phu international JSC (PPJ)
John Varvatos
Rayonese Textile Inc., Division de Culp Inc.
TESCO INTERNATIONAL SOURCING LIMITED
Esprit Europe Services GmbH
Permoda(Koaj/Armi/Pronto/Bkul)
Huntsman (Singapore) Pte Ltd
Sainsbury's Argos Asia Limited
Grasim Industries Limited
Lisa S.P.A.
Aramark Uniform ;& Career Apparel, LLC
International Textile Manufacturers Federation
Babyshop
Tommy Hilfiger
KIABI
Brandix Lanka Limited
Etam Group Strategy Hong Kong Limited
Page Industries Limited (Bangalore)
Green Fibre
Gokaldas Exports Limited
Hirdaramani International Export Private Limited
IKEA of Sweden AB
Calvin Klein
The LYCRA Company Singapore  Pte. Ltd
NITI Aayog
Cat Tuong Real Estate Group Joint Stock Company
Abit
IDH – The Sustainable Trade Initiative
Varner AS Retail
Amazon China
Lululemon Athletica Inc
Reiter India Private Limited
Benetton Group
MAS Active / MAS Kreeda / MAS Bodyline
C;&A Sourcing International Ltd
Sportswear Company Spa
Chico’ FAS
Asos
Restoque S.A.
Tory Burch Hong Kong Ltd
Boardriders Asia Sourcing Limited
Landmark Group
Arvind Limited
Tchibo GmbH
The Top Form Brassiere Manufacturing Company Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Maceton Limited
Gloria Jeans
Vardhman Textile Ltd
G-Star Raw C.V.
Lifestyle
Seasalt Limited
LC Waikiki
Eastman Chemical Company
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Helly Hansen Far East Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
J ;& P Coats
Gatsby Africa
KAS Direct Sourcing
Desigual - ABASIC, S.A.
Under Armour Global Sourcing Ltd
Groz-Beckert East Asia LLP
Lenzing Aktiengesellschaft
Alison Hayes Romania
BIMBA ;& LOLA SL
Sateri (Jiujiang) Fiber Co.,Ltd
Hela Clothing Pvt Ltd
Splash
Bluestem Global Sourcing Limited
Puma
Rosset ;& Cia Limited
Target Corporation (MN)
Midas Clothing Limited
Aquarelle Clothing Limited
Vianney Textil Hogar S.A. De C.V.
T.T. Limited
Gap International Sourcing Limited

January 2022

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


Advanced Search