Pacific Brands Limited
Australian clothing and footwear group Pacific Brands has booked its first rise in reported sales in five years, but swung to a net loss on write-downs linked to its struggling workwear division.
The decision by Australian retailers Kmart and Target Corp to reveal the location of their supplier factories in Bangladesh has been described by Oxfam as a ''watershed moment'' for the country's retailers.
Australian clothing brands and retailers are being urged to take more responsibility for their supplier factories in Bangladesh as part of a campaign by Oxfam in the run-up to Christmas.
Australian clothing group Pacific Brands has issued a full-year profit warning, citing difficult trading conditions and a downturn in the workwear market.
Australian clothing group Pacific Brands has swung to a full year profit, driven by sales growth in its underwear division.
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