Hampshire Group declares Q3 same store sales climb 6.5%
04 Nov '05
3 min read
Just after the close of the third quarter, the Company acquired the David Brooks trade mark and inventory from Kellwood Company, and the David Brooks staff joined Hampshire Group in a newly established division called Hampshire Better Brands. The Company intends to build a niche position in the better women's sweater and related separates business using David Brooks, a well-established trademark in the specialty store market. Net sales for the business for 2006 are projected to be in the $12 million range.
Commenting on the third quarter and nine month results, Ludwig Kuttner, Chairman and Chief Executive Officer, stated, "As they have been reporting for a number of quarters, selling to the retailing industry is highly competitive and demands the continued efforts of our team on design, value and service. They are pleased to be reporting gains in sales and earnings despite this difficult environment."
Hampshire Group Limited is a diversified apparel company, believed to be the largest supplier of women's and men's sweaters in North America and a leading supplier of women's related separates.
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