|
|
Article: DAN RIVER APPAREL FABRICS UNIT POSTS OPERATING PROFIT, CITES COST CONTROL.(Brief Article)(Statistical Data Included)
- Article from:
- WWD
- Article date:
- April 24, 2000
CopyrightCOPYRIGHT 2000 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 -- Dan River said its apparel fabrics division recorded an operating profit of $3.1 million against a $127,000 loss a year ago.
Sales dipped 8.1 percent to $37 million from $40.2 million.
Joseph L. Lanier, Dan River's chairman and chief executive, said in a statement that the apparel fabrics division benefited from cost control efforts in the last year and better operating schedules.
Apparel fabric sales have been hurt in the past few years by the flood of low-cost imports from Asia, and in January the firm formed a partnership to open a plant in Mexico.
Looking ahead, Lanier said, "Our apparel fabrics business remains ...