Delta Apparel Reports FY13 Fourth Quarter and Year-End Results
"In that regard, we have implemented significant measures to improve Soffe's unit sales and margins, and to bring its financial results in line with the performance of our other businesses. We have made some important changes in Soffe's key management to lead the efforts in rebuilding the brand. We are already receiving positive feedback from customers on Soffe's spring 2014 product offerings, and are hopeful this will equate to growth in the back half of fiscal 2014. We have modernized Soffe's screen print operations, closed its Wendell, North Carolina decoration facility, and consolidated those operations within the Fayetteville printing facility. We have also taken additional measures to reduce SG&A costs at Soffe. We believe these and other initiatives that we will take over the next few quarters will return Soffe to profitability in fiscal 2014."
- Companies:
- Delta Apparel