Home / Knowledge / News / Fashion / People's Liberation Q4 gross margin reaches record 50.5%

People's Liberation Q4 gross margin reaches record 50.5%

Mar '08
People's Liberation Inc, designer of high-end casual apparel under the brand names People's Liberation and William Rast, announced financial results for the fourth quarter and year ended December 31, 2007.

Fiscal Year 2007 Financial Results:
Net sales for the 2007 full year rose 27% to a record $20.3 million compared with $16.0 million for 2006. Gross margin improved to 48.6% compared with 44.8% in 2006. Total operating expenses for 2007 increased to $10.5 million from $8.1 million in 2006. This increase was due primarily to increased selling and general and administrative expenses incurred to promote the People's Liberation and William Rast brands.

Net loss for the year ended December 31, 2007 amounted to $768,000 compared with a net loss of $865,000 in 2006. The decrease in net loss is due primarily to increased net sales, gross profit and other income, offset by increased operating expenses and minority interest. In the second half of 2007, the Company recorded net income totaling approximately $651,000 for the six-month period, as compared with a net loss of $162,000 for the corresponding period of 2006.

2007 Fourth Quarter Financial Results:
Net sales for the fourth quarter of 2007 were $5.6 million compared with $4.4 million in the corresponding prior-year quarter. Gross margin increased to 50.5% for the fourth quarter of 2007 compared with 49.5% in the fourth quarter of 2006. Operating expenses for the fourth quarter of 2007 amounted to $2.7 million, compared with $2.5 million in the fourth quarter of 2006.

Interviews View All

Headhonchos, Indian fashion industry

Indian fashion industry

Organic the first choice of any environment-conscious person

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Kuldeep Pareek,

Kuldeep Pareek

Italian company Schoch Reeds has been producing high-quality weaving reeds ...

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

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

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

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


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search