USA: Cutter & Buck Narrows Q4 Loss, Sales Slide
Upscale sportswear maker Cutter & Buck Inc on Thursday posted a narrower fourth quarter net loss of $990,000 versus $1.03 million in the year-ago period but said sales slumped to $36.3m from $52.7m in 2002. The Seattle-based company, which earlier this week said it expects to resolve an SEC probe into its finances without fines or penalties, said its full year net loss widened to just under $12m from $10.3m last year as sales fell to $131.7m from $161.1m.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
- Steps to piloting living wage in garment factories
- How to ensure sustainability is more than a slogan
- US apparel retailers' November 2016 sales roundup
- Trump blows the case for Brexit out of the water
- Why do modern robotics elude sportswear makers?
- US Q3 in brief – Sears, Vince Holding, Genesco
- Esquel efficiency drive continues to boost brands
- Taiwan textile maker investing in first US plant
- Outdoor apparel sector set for double-digit growth
- Myanmar garment industry "lacking labour rights"