(Filed Under Financial and General Interest News). Tefron Ltd. sales rose dramatically in its third quarter ended September 30, 2016, and the company reported a much smaller loss compared to the same quarter in its previous year.
The firm lost $210,000 on sales of $24.783 million compared to a loss of $1.216 million on sales of $20.797 million for the three months ended September 30, 2015. For the first nine months of 2016, Tefron reported a loss of just $119,000 on sales of $90.273 million compared to a loss of $2.515 million on lower sales of $68.229 million in the first three quarters of 2015.
Tefron’s improving results comes after a loss of $3.9 million on sales of $93.1 million in 2015; a loss of $800,000 on sales of $93.9 million in 2014; and a loss of $3.4 million on sales of $82.9 million in 2013.
Tefron produces, according to information on its website, intimate apparel for women and underwear for men, as well as shapewear for women, and activewear and casual attire for men and woman. In images on its site, men’s underwear with the Calvin Klein logo can be seen as well as a bra with the Victoria’s Secret logo.
Tefron claims “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.” — NM
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