|
|
Article: Strong men's business helps Warnaco's operations in qtr. (Warnaco Group Inc. second quarter 1996 financial report) (includes related article on sale of Hathaway men's dress shirt business)
- Article from:
- Daily News Record
- Article date:
- August 2, 1996
- Author:
CopyrightCOPYRIGHT 1996 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)
|
NEW YORK (FNS) -- The Warnaco Group Inc. reported profits jumped 54.5 percent before nonrecurring restructuring charges in the second quarter ended July 6, led by robust sales of its licensed Calvin Klein products.
Warnaco's men's business showed solid revenue growth in the quarter, reflecting continuing strength of the Chaps by Ralph Lauren brand and its newer Calvin Klein men's division sales Warnaco's men's division sales climbed 11.5 percent to $45.8 million from $40.8 million.
However, the previously announced charges of $69.8 million to restructure its Olga intimate apparel operations and exit the Hathaway men's dress shirt business resulted in a net ...