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Non-Tech : FTL- Fruit of the Loom
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To: JLIHAI who wrote (78)4/14/2000 2:02:00 PM
From: Arthur Tang  Read Replies (1) of 161
 
In general, the textile business is off due to price erosion on the wholesale level. Continued struggle is expected. Until unit cost can be reduced by production equipment; cheap labor solution is always temporary. Only way out is new design and new styling where the pricing structure can be altered. We don't see any change at FTL yet, so the pull back will continue as well into the pennies; if FTL does not understand obsolescence and replacement theory pioneered by General Motors. The Alfred P. Sloan solution can solve any problem in a steady economy. But in a growing economy, it will do wonders.
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