News

LaCrosse Footwear Reports net loss for first quarter

08/05/2002

US apparel company LaCrosse Footwear, Inc. recorded a net sales decreased to $22.8 million for the quarter ended March 31, 2002 compared to $29.1 million for the same period in 2001.

The company blamed the poor results on the performance of the Rainfair industrial division and the LaCrosse retail division where sales declined by 40% and 21% respectively. These falls were attributed to the economic slowdown in the US economy and reduced fill-in business for cold-weather products due to the mild winter.

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