USA: Gerber Childrenswear Posts Dip In Profits
Leading marketer of infant and toddler apparel, Gerber Childrenswear Inc, on Thursday reported that its full-year net income slipped to $13.4 million in 2001 from $16.5m in 2000. Net sales were $209.5m compared to $259.2m in the same period a year ago. Gross margin for the year climbed to 25.6 per cent versus 24.2 per cent in the year-ago period.