Design and sourcing company for private label and private brands casual apparel, Tarrant Apparel Group announced financial results for the third quarter and nine months ended September 30, 2005.
In the third quarter of 2005, net sales increased 83 percent to $69.6 million from $38.1 million reported in the same period last year.
The increase was primarily due to higher sales in the Company's Private Brands business, which amounted to $22.6 million compared to $2.8 million in the third quarter of 2004.
Private Label sales also increased in the quarter, to $47.0 million from $35.3 million reported in the same period last year.
Gross profit for the quarter increased 252 percent to $14.5 million from $4.1 million in the year-ago period.
Tarrant Apparel Group serves specialty retailers, mass merchants, national department stores, and branded wholesalers by designing, merchandising, contracting for the manufacture of, and selling casual and well-priced apparel for women, men, and children through its subsidiary, Private Brands, Inc.
Tarrant designs, markets, and manufactures privately owned brands, including American Rag CIE, and has exclusive license agreements with several celebrity brands such as Jessica Simpson and Beyonce Knowles' House of Dereon.
marketing@alchempro.com
