Danier sales down as consumers move to lower price points
19/01/2011
In 2010, sales revenues for the three-month period to December 25 were $61.4 million compared to $70.6 million for the same period in 2009. Like-for-like sales were down by 13%.
“While softness in consumer spending leading up to Christmas as well as customers shifting their purchases to lower price points contributed to the overall decrease in sales, gross profit margin remained strong and accessories continued to perform well,” the company said in a statement.
Danier Leather has 91 stores across Canada.
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