Tandy Brands to close distribution facility
In an attempt to streamline operations and improve profitability US designer and retailer of fashion accessories including belts, wallets and handbags Tandy Brands Accessories, Inc. is to close its distribution operations at its facility in West Bend, Wisconsin, during the third quarter of fiscal 2008.
Distribution will be transferred to the company's Dallas or Yoakum, Texas, distribution facilities or may be outsourced to a third-party vendor. The Wisconsin facility has been listed for sale.
J.S.B. Jenkins, president and chief executive commented, "We are continuing to make the hard choices to eliminate overhead and to streamline our operations. The closing of this distribution centre will improve the return we generate on our assets, focus our organisation, and reduce costs. As we move forward, we believe that this transition will generate significant savings for the company during fiscal 2009."
