Casual footwear boost for Timberland
03/08/2007
Footwear and apparel brand Timberland has posted poor second-quarter results, a net loss of $19.2 million. This compares with a loss of $16.6 million for the same period last year.
The company said a downturn in its boots and children's footwear sales was one of the principal contributors to the result, but it also mentioned the European Commission's anti-dumping measures on imports of leather footwear from China and Vietnam as one of the obstacles it has faced in recent times.
At the same time, it acknowledged that the global market is highly competitive in view of changing consumer trends.
At the same time, it acknowledged that the global market is highly competitive in view of changing consumer trends.
Chief executive, Jeffrey Swartz, said he wanted Timberland to focus future product development efforts on creating "more relevant products that better reflect the needs of key consumer groups".