USA: Cutter & Buck Q3 Loss Falls To $8.4m
Seattle-based sportswear designer Cutter & Buck Inc has reported a widening in its third quarter net loss to $8.4 million or $0.79 per share, compared to $963 thousand or $0.09 per share in the same period last year. Flat sales and declining gross margins are blamed. Before charges of $7.4 million for restructuring - including closing down its operations in Europe, consolidating its women's line sales forces, and withdrawing from the golf shoe business - the company said the net loss for the quarter would have been $1.2 million or $0.11 per share.
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 17 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
Help test our new apparel sourcing tool.
- What TTIP might mean for US, EU textiles & apparel
- Unlocks for the future fashion sourcing landscape
- Four steps to reduce product defects
- EU eyes mandatory due diligence for apparel supply
- Geo-political uncertainty and how to survive it
- US Q4 in brief – PVH Corp, J Crew, Perry Ellis
- H&M, VF Corp and Levi among most ethical companies
- Sears has "substantial doubt" of future
- Vietnam limits hazardous chemicals in apparel
- Target unveils "ambitious" store re-design plans
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective