AUSTRIA: Wolford Q3 profit down despite revenue rise
- Q3 pre-tax profit down 4.6% to EUR4.2m
- Revenue up 2.2% to EUR48.61m
- Company reaffirms guidance
Austrian hosiery brand Wolford has seen its third-quarter pre-tax profit decline despite Christmas trading pushing revenue higher.
Pre-tax profit stood at EUR4.2m (US$5.8m) during the third quarter ended January. Revenue, meanwhile, grew 2.2% to EUR48.6m thanks to a "satisfactory" Christmas.
The company said it is in a phase of "sustainable change". The strategic refocusing plan presented in December is being consistently implemented to return the business to profitability as quickly as possible.
During the first nine months of the year, earnings before tax slumped 66% to EUR1.3m, while revenues slipped 0.6% to EUR123.4m.
In order to gain market share, the company is expected to expand its product range even more over the forecast period. In 2012, the company strengthened its ready-to-wear women’s outerwear niche and w...
2012 saw the revival of the sophisticated look with tunics, skirts and flares in pastel and bright colours. This new trend made female consumers supplement their outfits, leading women’s outerwear sal...
By 2012, consumers had access to a wider range of premium hosiery products and, at the same time, relatively higher disposable incomes. They consequently bought fewer but higher quality hosiery items ...
Becoming increasingly conscious of their image in front of themselves and caring what they are wearing when nobody or only a few people can see them, consumers opted for more and higher-priced underwe...
Apparel continued its healthy performance in 2012, once again posting positive value growth. While the economic difficulties faced in various neighbouring countries harmed apparel sales, Austria has f...
This report analyzes the worldwide markets for Hosiery (Women and Men) both in value (US$) and in volume (Pairs) by the following Product Segments: Socks, Sheer Hosiery, and Tights/Opaques....
With just 1% current value growth in 2013, the performance of apparel and footwear specialist retailers was less than spectacular towards the end of the review period. However, with total value sales ...
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