For fiscal 2007 no new store openings are planned. One street-front store and one power centre location has been closed during Q1 2007 and two power centre locations are planned to be closed during the fourth quarter of 2007.
Based on the company's results for the year, the Board of Directors has resolved to suspend the payment of dividends. Danier has paid a dividend to its shareholders in each of the past eight quarters and intends to reinstate its dividend payment when financial conditions permit. However, the Board cannot determine at this time when dividend resumption will occur.
Danier Leather Inc is a leading integrated designer, manufacturer, and retailer of high-quality leather and suede clothing and accessories.
marketing@alchempro.com
