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Russell Corp. Net Income Down by 41 Percent
The Atlanta-based athletic apparel and sporting goods company Russel Corp posted net income of US$15.8 million on US$424.6 million in sales, compared with net income of US$26.9 million on US$422.7 million in sales in the third quarter of 2004....more
by Textile Excellence
View more news from [ Atlanta ] [ USA ]
The Atlanta-based athletic apparel and sporting goods company Russel Corp posted net income of US$15.8 million on US$424.6 million in sales, compared with net income of US$26.9 million on US$422.7 million in sales in the third quarter of 2004. The company attributes its losses to the hurricane and additional direct costs. It lost

more than 40 containers of product from Katrina, as its primary ports of entry for the export of fabric and cut parts and the import of finished goods were damaged in the storm. Shipping has now returned to more normal levels with the reopening of ports. Also, post hurricane, increased fiber prices (up to 20 percent) adversely affected the company’s performance in poly/cotton blends. 



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