Home / Knowledge / News / Fashion / Significant increase in sales of PPLB's William Rast apparel line
Significant increase in sales of PPLB's William Rast apparel line
14
May '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 its first quarter ended March 31, 2008.

Net sales for Q1-2008 grew 81%, to $6.9 million, compared to $3.8 million in Q1-2007. The increase in revenues was driven by a significant increase in sales of the Company's William Rast apparel line and an increase in sales of the Company's People's Liberation product line.

The increase in net sales also includes an increase in sales to the Company's international distributors during the period. Gross profit increased 102%, to $3.4 million in Q1-2008, compared to $1.7 million in Q1-2007.

The improvement in gross profit is primarily attributed to efficiencies derived from the economies of scale achieved in manufacturing processes, increased selling prices and increased sales of higher-margin products, particularly of the Company's William Rast apparel line.

Net income available to common shareholders in Q1-2008 was approximately $62,000, compared to a net loss of $1.02 million in Q1-2007. The increase in net income was primarily attributed to increases in net sales, improvements in gross margin, and decreased general and administrative expenses.

Operating expenses increased 13% in Q1-2008, to $3.1 million, compared to $2.7 million in Q1-2007. The increase was primarily attributed to an increase in selling expenses and design and production expenses related to the launch of new apparel lines. Operating expenses represented 44% of net sales in Q1-2008, an improvement from 71% in Q1-2007.


Must ReadView All

Courtesy: Asmara Group

Apparel/Garments | On 20th Sep 2018

Fragmented nature of Indian apparel sector major challenge

A major challenge for the Indian apparel sector is its fragmented...

Courtesy: Pexels

Textiles | On 20th Sep 2018

Risk to US consumers grows with tariff escalation: NRF

The US National Retail Federation (NRF) has expressed disappointment...

India's 2018-19 forward cotton export contract up by 100%

Textiles | On 20th Sep 2018

India's 2018-19 forward cotton export contract up by 100%

Rise in demand from China, lower domestic prices and depreciation of...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Stefan Warnaar, Peak to Plateau

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

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

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

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

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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


September 2018

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

news category


Related Categories:

Advanced Search