Exchange rates hit Nike supplier in the pocket - sportstextiles: Lea SportsTextiles

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Exchange rates hit Nike supplier in the pocket

18/05/2017
Taiwanese textile maker Eclat, a supplier to Lululemon and Nike, has posted a near 60% decline in profit for the first quarter due to unfavourable exchange rates.

Vice-president Roger Lo explained the strength of the New Taiwan dollar against the US dollar eroded profits, but told local press he expects the second half to be better.

The group made $9 million profit in the first three months, and is expanding capacity at two of its Vietnamese factories.

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Nike supplier hints at online apparel deal 10/08/2017
Taiwan: Athletes’ water bottles converted to blankets 04/07/2017
Nike lays foundations for future growth: CEO 03/07/2017
Nike to cut global workforce by 2% 16/06/2017
Optimism about future of Taiwan’s textile industry 19/10/2016
Taiwan’s Eclat eyes opportunity in TPP 29/10/2015
Organisers expect more than 400 exhibitors at TITAS 2015 01/06/2015
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