The Hosiery Industry 2003 and Beyond

Observations and Reactions on the Current State of the US Hosiery Industry

and

What Are Our Opportunities

Situation in 2003

  • Trade Agreements Not Favorable to US Manufacturers Are Being Signed
  • 2005 Quota Phase Out
  • Textile Mill Closings Increasing
  • Media Says We Are Dead
  • Competition From Overseas Sources Increasing
  • Retailers Setting Up Overseas Sourcing
  • Profit Margin Shrinking On All Product Lines
  • Retailers Decreasing
  • Customers Slow to Pay, Net Never Terms

Gloom and Doom

Prevails!!!!!!!

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