The North Face, Inc. Reports Fall/Winter 1998
Wholesale Advance Orders Up 23%
SAN LEANDRO, Calif., March 24 /PRNewswire/ -- The North Face, Inc. (Nasdaq:
TNFI - news) today reported continued growth in its wholesale business, with advance
orders for the Fall/Winter 1998 season up 23% over advance orders for the same period
in 1997. These orders typically ship during the third and fourth quarters of the year.
''Wholesale demand for our products continues to be strong,'' said William N. Simon,
President and Chief Executive Officer, ''as evidenced by the growth in advance orders.
The strongest categories include Tekware(R), our 100% synthetic sportswear collection,
including fleece, knit tops and pants; outerwear, especially Gore-Tex shells, down
jackets and fleece; equipment, particularly daypacks, sport-specific tech packs and
synthetic sleeping bags; technical accessories; and women's products across all
categories.''
The North Face, Inc. designs and distributes technically sophisticated outerwear,
skiwear, functional sportswear, tents, sleeping bags, backpacks and daypacks under The
North Face(R) name. The Company sells its products to select specialty retailers
throughout the United States, Europe and Canada.
This press release contains certain forward-looking statements regarding potential future
product sales and advance order shipments. These statements are based upon the
Company's current expectations. Factors that could cause future performance to vary
from current expectations include, but are not limited to, consumer demand for the
Company's products, the successful introduction of new products and improvements to
existing products, continuing supply of products from independent manufacturers and
suppliers, and levels of competition. Other factors that could cause future performance to
vary from current expectations include those set forth in the filings made by the Company
with the Securities and Exchange Commission.
SOURCE: The North Face, Inc.
More Quotes and News:
The North Face Inc (Nasdaq:TNFI - news) |
