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The company said the decline was anticipated and consistent with its expectations laid out in a prior earnings report. Drastic increases in the price of cotton earlier this year, costs of corporate restructuring in part related to the acquisition of Gold Toe Moretz in April, and the absence of a 2010 cotton subsidy were cited as reasons for the drop.
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- Companies:
- Broder Bros.
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Kyle A. Richardson
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Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.
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