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| Superior Uniform earnings drop, company starts Office Gurus unit |
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| Written by Administrator | |||
| Monday, 02 March 2009 10:36 | |||
The company reported a net loss of $822,015, or 13 cents a share, for the three months ended Dec. 31, compared to net earnings of $547,318, or 8 cents a share, in the same period a year earlier. Sales were down in the fourth quarter of 2008 to $28.2 million, compared to $31.4 million in the year-earlier period. A downward economic spiral nationally hit Superior (NASDAQ: SGC) in the fourth quarter, as customers reduced their work forces, experienced lower turnover and held the line on buying uniforms, Michael Benstock, chief executive of the Seminole-based manufacturing firm, said in a release. Some orders were deferred or cancelled, resulting in a fourth quarter that was considerably below budget and erasing sales gains from earlier in the year, Benstock said. Link: Read the article
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2012 UNIVATOR Award entry form
Has your company created an incredible fabric technology or revitalized a restaurant with a fresh, new uniform program? Have you developed ingenious business processes to help your own corporation handle the challenges of this tough economy? Did you dream up an environmentally friendly way to eliminate product waste? UniformMarket News wants to hear your story and consider you for a 2012 UNIVATOR Award.
The UNIVATOR Awards celebrate innovation in the North American uniform, image apparel, medical goods, footwear and equipment markets. For eight years, the UNIVATOR Awards have been shining a light on amazing advancements that keep this industry moving forward. They acknowledge companies, both large and small, that are forging unique paths to success.
Read more...Winners came from all market segments – law enforcement, public safety, corporate and chef apparel, and medical apparel. Many have been cited in previous years; several have not.
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