US: Heelys agrees new sourcing deal
Wheeled footwear firm Heelys has announced a new sourcing agreement with TGB, a subsidiary of Anthony L & S.
It means Heelys will close its existing sourcing office in northern China after transitioning through current orders in process. Some key personnel will be retained going forward, a statment said.
The agreement will be effective on all orders beginning 1 May.
"This new agreement gives us several new strategic advantages," said Tom Hansen, Heelys president and CEO.
"TGB is currently sourcing well over 10m pairs of shoes each year in a wide range of factories. This kind of volume results in more materials buying clout, preferred access and overall pricing improvements that our volume of just over a million new pairs of shoes can't deliver.
"Plus, we have full access to their internal design team, licensing expertise and years of experience making many different kinds of shoes in many different places."
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