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Article: Elisha to TDA: tough times for industry will continue. (Walter Elisha, American Textile Manufacturers Institute, Textile Distributors Association)
- Article from:
- Daily News Record
- Article date:
- June 15, 1995
- Author:
CopyrightCOPYRIGHT 1995 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TAMIMENT, Pa. - If you think there is relief in sight soon for the textile and apparel businesses, you may be disappointed, according to a top textile executive.
Commenting on the current market conditions, Walter Elisha, chairman and CEO of Springs Industries and president of the ATMI, said, "These conditions are not just cyclical. We are witnessing a structure change."
Elisha addressed his remarks to the members of the Textile Distributors Association Wednesday at its annual meeting at the Tamiment Resort hotel here.
"Buying is different. People who aren't buying apparel are buying $36,000 four-wheel-drive vehicles. They really want casual Friday ...