Bakers Exacerbated Losses In Sales Of Banquet Boots
According to reports, Bakers
footwear industry
The group lost 10 million 200 thousand US dollars in the third quarter of 2011.
Compared with a loss of $8 million 900 thousand in the same period last year, losses are still rising.
Banquet boots
Sales are sluggish.
"Our financial results in the third quarter were not satisfactory, reflecting the challenges to boots, which led to a sharp decline in commodity prices and loss in operation.
With the coming of the fourth quarter, the sales prospect of boots products is still worrying. Compared with store sales in the first 6 weeks of the third quarter, this has brought a 5.5% decline, "said PeterEdison, CEO and CEO.
Therefore,
Bakers
A $10 million campaign has been launched to boost sales and save costs, focusing on improving cash flow and liquidity, Edison added.
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