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Fashion retailer Tag-It Pacific sales down 46.8% in Q2
23 Nov '05
2 min read
California based fashion apparel retailer Tag-It Pacific Inc, a full service outsourced trim management department for manufacturers of fashion apparel, announced financial results for the Company's third quarter and nine-month period ended September 30, 2005.
Net sales for the three months ended September 30, 2005, were $9,040,000, a decrease of $7,965,000, or 46.8 percent, compared to the net sales of $17,005,000 for the three months ended September 30, 2004.
This decrease was primarily due to a decrease in sales to the Company's Mexican customers of trim and, to a lesser extent, Talon zippers due to an industry shift of apparel production from Latin America to Asia.
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Tag-It specializes in the distribution of a full range of trim items to manufacturers of fashion apparel, specialty retailers and mass merchandiser.
Tag-It acts as a full service outsourced trim management department for manufacturers of fashion apparel such as Kellwood and Azteca Production International.
Tag-It also serves as a specified supplier of trim items to specific brands, brand licensees and retailers, including Levi Strauss & Co, Motherworks, Express, The Limited, Miller's Outpost and Lerner, among others.
In addition, Tag-It distributes zippers under its Talon brand name to manufacturers for apparel brands and retailers such as Levi Strauss & Co, Wal-Mart and JC Penney, among others.
In 2002, Tag-It created a new division under the TekFit brand name.
This division develops and sells apparel components that utilize the patented Pro-Fit technology, including a stretch waistband.
Net sales for the three months ended September 30, 2005, were $9,040,000, a decrease of $7,965,000, or 46.8 percent, compared to the net sales of $17,005,000 for the three months ended September 30, 2004.
This decrease was primarily due to a decrease in sales to the Company's Mexican customers of trim and, to a lesser extent, Talon zippers due to an industry shift of apparel production from Latin America to Asia.
Click to view more details
Tag-It specializes in the distribution of a full range of trim items to manufacturers of fashion apparel, specialty retailers and mass merchandiser.
Tag-It acts as a full service outsourced trim management department for manufacturers of fashion apparel such as Kellwood and Azteca Production International.
Tag-It also serves as a specified supplier of trim items to specific brands, brand licensees and retailers, including Levi Strauss & Co, Motherworks, Express, The Limited, Miller's Outpost and Lerner, among others.
In addition, Tag-It distributes zippers under its Talon brand name to manufacturers for apparel brands and retailers such as Levi Strauss & Co, Wal-Mart and JC Penney, among others.
In 2002, Tag-It created a new division under the TekFit brand name.
This division develops and sells apparel components that utilize the patented Pro-Fit technology, including a stretch waistband.
Tag-It Pacific Inc
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