Canadian leather clothing and accessories retailer, Danier Leather, has announced its 2004 fourth quarter and year-end results.

Revenues for the fourth quarter rose 19% reaching $29.3 million, with a comparable sales increase of 15%.  Danier ended the year in a strong position with approximately $23.0 million in cash ($3.31 per share), no long-term debt and a working capital of $44.2 million. Inventory was lower at $29.9 million, compared to $30.7 million last year, as a result of improved merchandise planning and clearance activity.

Share this story: