USA: Cutter & Buck Earnings Down 90 Per Cent
Net income at sportswear designer Cutter & Buck Inc fell 90 per cent in the second quarter ended 31 October 2001 following the impact of events on September 11 and the difficult economy. "After September 11, our golf business declined as consumers dramatically reduced travelling to resorts, and our corporate business was disrupted as many corporate trade shows and promotions were cancelled," said Harvey Jones, chairman & CEO. In addition, our specialty retail business was negatively impacted by the decline in consumer confidence."
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