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WOLFORD: bid made to cut costs 

LUXURY hosiery and bodywear brand Wolford said it was taking steps to raise its EBIT by 10 per cent. Steps being taken to cut costs include not only a review of production processes and logistics but also of retail store leases nearing renewal dates with a view to optimizing retail sales performance.

Wolford

Wolford

Whether the measures being taken will allow the brand to return to its former level of earnings remain to be seen.

 

See also:

WOLFORD: higher sales expected in F/Y 2015/16

WOLFORD: new shapewear range made in cotton

WOLFORD: current range highlights stretch lace

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