• Q3 loss of $90.4m versus $57.1m profit
  • Sales fall 15% to $10m
  • Weaker zipper and trim sales

Apparel fastener, zipper and trim supplier Talon International swung to a net loss during the third quarter, weighed down by lower zipper and trim sales. 

Net loss amounted to US$90.4m for the three months to 30 September, compared to a profit of $57.1m in the same period of the prior year. 

Sales declined 15% to $10m from $11.7m last year. Both zipper and revenues trim sales fell, while Talon Tekfit sales increased thanks to new Talon Tekfit programmes and customers. 

Gross margin fell to 33.8% due to lower overall sales volumes offset by lower freight, duty and manufacturing support costs and improved product mix. 

“Lower sales this quarter principally reflected continued weakness within the mass merchandising customers with our Talon zipper product sales and selected specialty retail brand customers, including specialty teen retailers we serve with our Talon zipper and Talon trim product sales," said CEO Larry Dyne.

"This marks a continuation of the general weakness in apparel retail trends which began in the second quarter of 2014 and which have continued throughout much of 2015."

Last month the company spoke with just-style about trialling new stretch and recovery technology for the athletic and growing athleisure markets, in addition to a complete “game-changer” for the zipper market: 

Talon tailors Tekfit stretch technology for athleisure