Retail & wholesale growths perk up Kuhlman's Q2 sales
16 Aug '05
4 min read
The Company currently plans to open approximately twenty five new stores during the remaining second half of fiscal 2005. Over that time period, the Company also plans to continue to build it's infrastructure through investments in both personnel and systems so as to further accelerate the pace of it's new store roll-out and to grow its wholesaling operations. As such, while the company has not issued earnings guidance for any specific quarter, it does expect to reach only marginal levels of profitability over this period of time.
Mr. Kuhlman concluded, "They believe that their competitive position is excellent. There is a clear need for concept and company believes that they have a highly proprietary brand that is built off of a reputation for excellence in design, superior fabrics, and accessible prices. The Kuhlman brand continues to grow in recognition and acceptance and they believe that their opportunity for growth is extremely compelling."
"Everyone here at Kuhlman, would like to thank all of their new shareholders for their support and shared vision. They remain dedicated to building this business to both serve to consumers and to benefit their shareholders."
Minneapolis based Kuhlman is a specialty retailer and wholesale provider of both men's and women's apparel, offered under the Kuhlman brand through company-owned retail stores and under private labels through other large retailers. Kuhlman opened its first retail store in July 2003 and now operates thirty four (34) retail stores in 16 states. At present, six of the company's stores are a woman's specialty boutique format.
marketing@alchempro.com
