SERBIA: Boreli FY Footwear Production Dips 20%
The company, based in Sombor, attributed the decline to the grey economy, lower public purchasing ability and the 20 per cent turnover tax placed on footwear and textile products.
According to Boreli CEO Mirko Vujanovic, the company's 2003 output was one of its lowest in six years.
He said the company's 2004 production target was 580,000 pairs of shoes, with an export rate of 57 per cent.
- Steps to piloting living wage in garment factories
- How to ensure sustainability is more than a slogan
- US apparel retailers' November 2016 sales roundup
- Why do modern robotics elude sportswear makers?
- Software for financial planning and operations
- Esquel efficiency drive continues to boost brands
- US Q3 in brief – Oxford Industries, Genesco
- Myanmar garment industry "lacking labour rights"
- Taiwan textile maker investing in first US plant
- Outdoor apparel sector set for double-digit growth