Coats Group Faces Tough Quarter, but Still Bullish on OrthoLite
The industrial yarn and footwear component supplier said that sales ticked up 18% on a reported basis, but were down 1% on a constant-currency basis for the three months ended Apr. 30. Apparel improved 1% (+1% CC), and footwear soared 55%, but was down 4% CC. Apparel gained market share in China, while cautious customer ordering patterns and low inventory levels ... Log in to view full article.
