Wellco Enterprises reports losses for third quarter
06/02/2002
US boot manufacturer Wellco Enterprises registered a loss of $205,000 for the third quarter ending September 29, 2001, but has since picked up production of military footwear. The company said that the loss during the quarter was caused by a reduction in US Defence Department (DOD) spending prior to the September 11 attacks on the US where orders had been reduced for military boots.