(Filed Under Financial and General Interest News). Warnaco continued on an upward trend during this year’s first quarter. The company cited a net revenue increase of 9 percent, to $588.2 million, driven by double digit growth in Calvin Klein businesses, expanded distribution in Chaps and solid growth in core intimates do to new product launches and higher level replenishment.
By segment, intimate apparel net revenues rose 12 percent, to $193.9 million, and Sportswear rose by 14 percent, to 306.3 million, more than offsetting the 8 percent decline in swimwear group net revenues.
The company anticipates that net revenues will increase 8 to 10 percent in 2010.
Headquartered in New York City, the Warnaco Group, Inc. designs, sources, markets and sells intimate apparel, swimwear, menswear, jeanswear, and men’s and women’s sportswear and accessories under owned and licensed brands including Warner’s; Olga’s; Speedo; Chaps; and Calvin Klein.
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