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Tefron: Losses Continue Into First Quarter 2016

(Filed Under Financial and General Interest News). Tefron Ltd., the intimate apparel producer, reported a loss of $1.184 million on sales of $26.6 million for the quarter ended March 31, 2016.

For the same three months in 2015 the Israel-based firm reported a smaller loss, only $262,000 on sales of $24.7 million.

Tefron’s most recent quarterly loss comes after annual losses of $3.9 million on sales of $93.1 million in 2015; $800,000 in 2014 on sales of $93.9 million in 2014; and $3.4 million on sales of $82.9 million in 2013.

Tefron works with a variety of brands and claims on its website “a global reputation for technological superiority, as well as strategic partnerships and customer relationships with market leaders in fashion, athletics and wearable tech.” A company press release from 2010 claimed customers then included “Hanes Brands Industries, Reebok, Patagonia, Lululemon Athletica, GAP, Calvin Klein, Wal-Mart, Victoria’s Secret.”

more Financial and General Interest News >>

Published 07-06-2016 by Nick Monjo

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