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 $48.5m in the comparable period last year.
CFO Jose Ibarra said the group continues to experience economic headwinds. "While the company is financially strong and well-positioned to meet its long-term goals, these factors have led us to reaffirm our view that consolidated revenue this year will be down slightly compared with fiscal 2013."
This report analyzes the worldwide markets for Foot Care Products in US$ by the following Product Segments: Devices, and Medication. The report provides separate comprehensive analytics for the US, Ca...
- Cheap polyester contributes to cotton import shift
- TPP trade pact in milestone signing by 12 nations
- Under Armour defends questions over strategy
- Combating the new normal – 10 trends for 2016
- US apparel retailers' January 2016 sales roundup
- Bangladesh factory fire renews worker safety fears
- China factory activity continues to deteriorate
- Southeast Asia – a strategic sourcing review
- H&M and Primark price rivalry reaches equilibrium
- PVH to take control of Tommy Hilfiger China unit
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Wearable technology: The future market potential for smart garments and e-textiles
- Global market review of denim and jeanswear – forecasts to 2021
- Wearable Technology Market by Product, Application, Type, & Geography - Global Forecast to 2020
- E-Textiles: Electronic Textiles 2014-2024