Jobs go, but firmer focus on leathergoods
20/01/2009
Texas-based designer and marketer of accessories Tandy Brands is to cut jobs by 17% and discontinue brands that “do not long-term strategic or financial performance objectives”, but it has said its focus on leathergoods, a sector it believes can bring future success, will intensify.
The company sells belts and other leathergoods under a long-list of brand names in major retail outlets across the United States.
“We are in an extremely challenging retail environment and it is imperative to have an agile corporate structure that can respond to meet today’s market realities,” said Rod McGeachy, president and chief executive officer. “The organisational restructuring plan announced today is the first step in stabilising our platform to position us for profitable growth in the future.”
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