RUSSELL Q1 NET RISES ON 6% REVENUE DROP.
Management maintains RML will realize “mid singledigit” volume growth in CY01 with wholesale and retail inventory reductionissues behind it in H2. In the meantime, there were a number of factors thatcontributed to a $13 million decline in Q1 sales to $238,716,000 for the periodended Apr. 1. Among them: $3-5 million in price reductions, $8-9 million indiscounted lines of business, $4-5 million in inventory reductions, a $4million decline from its fabrics division and an approximate $9 million gain insales from acquired companies. Management ... Log in to view full article.