Danier Leather to focus on accessories as sales dip
15/08/2013
The Canadian company attributed the decline to investments in its growth strategy, including the growth of the higher-margin accessories business which includes handbags and small leathergoods. Accessory sales increased 14% during the fourth quarter of fiscal 2013 and by 12% for the full fiscal year.
“We believe accessories will help us to attract new and younger customers as well as offer a wider selection of products to our existing customer base. Accessories also typically have higher margins than outerwear and tend to be less seasonal,” said the company.
Mr Haig was most recently the president of fashion and footwear at MH Alshaya Group, a franchise operator of 1,000 fashion retailers in 19 countries.
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