US: RG Barry books mixed Q2 results
RG Barry Brands has booked an increase in second-quarter earnings but reaffirmed its outlook for lower full-year sales on the back of economic headwinds.
In the three months ended 28 December, the US footwear and accessories manufacturer recorded earnings of US$6.1m compared to $5.3m a year earlier.
CEO Greg Tunney said investing significant resources in its brands helped boost profits but added that the company continues to operate in a challenging retail environment.
As a result, net sales dropped to $48m from $48.5m in the comparable period last year.
CFO Jose Ibarra said the group continues to experience economic headwinds. "While the company is financially strong and well-positioned to meet its long-term goals, these factors have led us to reaffirm our view that consolidated revenue this year will be down slightly compared with fiscal 2013."
This report analyzes the worldwide markets for Footwear in US$ Million and Million Pairs by the following Product Categories/Segments: Athletic Footwear (Aerobic, Baseball, Basketball, Cricket, Cross-...
- Impact of the TPP on the US textile industry?
- Cambodia's future outsourcing prospects uncertain
- JC Penney emphasises new merchandising strategy
- Hazardous chemical removal a key industry issue
- Crystal Group nurtures its caring culture
- Vietnam proposes 15% rise to regional minimum wage
- Hong Kong's Li & Fung reports "solid" H1
- Cambodia garment workers “dying on the job”
- Avery Dennison forms JV with Ningbo Shenzhou
- Accord and Alliance discord over inspections
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details
- Global market review of denim and jeanswear – forecasts to 2020
- Textile Wholesaling in the UK - Industry Market Research Report
- Survey of the European Fabric Fairs: Spring/Summer 2015
- Prospects for the Textile and Clothing Industry in Turkey