AUSTRIA: Lingerie Maker Wolford Reveals Sales Dip
Leading Austrian hosiery and lingerie maker and retailer Wolford on Thursday posted a five per cent slide in group turnover in the first nine months of 2001/2002 after it shut numerous stores.
Wolford said group sales had fallen to 105.9 million euros ($92.41m) from 110.9 million euros after it closed some of its under-performing stores in Austria and the Far East but did not give any profit figures for the period.
In a statement, the company said its domestic sales plunged 23 per cent in the period, while sales in the US market dipped four per cent but added sales in the US had risen eight per cent last month.
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.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Using worker surveys to drive supply chain change
- No US rush to Myanmar despite end to sanctions
- Trump and Brexit get a dose of pragmatism
- Rana Plaza four years on – Timeline of change
- Investment continues in Ethiopia clothing sector
- Driving ban intensifies Myanmar logistics hurdles
- Amazon wins on-demand apparel manufacturing patent
- Trump bolsters "buy American" with executive order
- Inditex, Adidas and Patagonia top ethical report
- Calls for supply chain transparency standard
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Myanmar - ISA Country Report
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts