UK: Coats Expects Full-Year Progress
British textile giant Coats Plc on Friday said trading in the first six months of 2002 was generally in line with expectations but its fashion retail division was continuing to perform below par due to poor sales of the luxury Jaeger brand. Coats, the world's leading supplier of industrial sewing thread, said spring sales of Jaeger fashions and merchandise were poor but that thread sales were performing as expected with increased orders from North America.
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