Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

http://www.itmaasia.com
http://www.spgprints.com
http://bit.ly/QryKcX
http://www.allstatestextile.com
http://www.textileworld.com/forms/mediakit.html
http://www.textileworld.com/forms/newsletter.html
http://www.textileworld.com/Store/Books/diccionario-textil.html
http://www.textileworld.com/careers/index.html
March/April 2014 March/April 2014

View Issue  |

Subscribe Now  |

Events

International Dye Industry, Pigments And Textile Chemicals Exhibition (China Interdye)
04/16/2014 - 04/18/2014

Understanding The U.S. Government Lists Of Products Believed To Be Made With Forced Or Child Labor webinar
04/22/2014 - 04/22/2014

12th International Exhibition on Textile Industry (Indo Intertex 2014)
04/23/2014 - 04/26/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

Cone Shows Lower Earnings Announces Restructuring

Cone Mills Corp., Greensboro, N.C., announced that fourth quarter 1998 results will be lower than analysts expectations as a result of reduced shipments of denim and yarn-dyed sportswear fabrics and costs associated with a restructuring program.Slower than planned shipments were the result of weaker retail sales associated with unseasonably warm weather and shifts from basic to fashion-styled jeans, the company said.John L. Bakane, president and CEO, also announced a comprehensive restructuring program to accelerate the earnings recovery of the company. Elements of the program include: streamlining the product offering of the companys sportswear division, including the closing of the Salisbury plant, which produces yarn-dyed shirting fabrics; reorganizing and downsizing the corporate administrative staff with a mid-first-quarter 1999 target implementation date; and reorganizing the apparel products group sales and administrative organizations in order to reduce costs and more effectively service the changing global marketplace.

February 1999




Advertisement

http://www.staubli.us/