US: K-Swiss losses narrow in Q4
- Q4 losses narrow to US$14m from $25m
- Sales declined 17.8% to $41.2m
- Domestic revenues dropped 31.4% to $14m
Footwear brand K-Swiss saw net losses narrow to US$14m during the fourth quarter, compared to a $25m loss in the same period of the prior year.
The company, which is being acquired by South Korean conglomerate E-Land, saw sales decline 17.8% to $41.2m.
Domestic revenues decreased 31.4% to $14m, while international revenue was down 8.5% to $27.2m.
For the full year, net losses narrowed to $34.7m against a loss of $70.47m, while revenues declined 17% to $222.8m.
The company said the acquisition, which values K-Swiss at around $170m, is expected to close within the second quarter of 2013.
Faster time-to-market, better quality and lower cost are the drivers behind the latest developments unveiled at last week's Texprocess and Techtextil trade fairs in Frankfurt, Germany. Here, just-styl...
Swiss lingerie manufacturer Calida Group has reported a 19.6% decline in first-half net profit after it was weighed down by claims that jobs losses made seven years ago were "unlawful"....
- Why China 5-year plan won't change garment-making
- ‘Fixing Fashion’ one stitch at a time
- Navigating a turbulent sourcing landscape
- Hungary offers a mix of strengths and weaknesses
- Freeing up working capital in the supply chain
- US Q3 in brief: Burlington Stores, Guess, Chico's
- German sustainable textile scheme heads to Vietnam
- Golden Lady creates a new man-made fibre
- China and ASEAN upgrade FTA
- 3D tool uses product data to shake up shopping
- Wearable technology: The future market potential for smart garments and e-textiles
- Practical Brand Sourcing Strategy
- Statistics: Trends in Global and Regional Man-made Fibre Production - 2015
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Trade and Trade Policy: The World’s Leading Clothing Exporters and Key Markets 2015