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Corduroy firms scrambling as demand shrinks.
WWD
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November 14, 1984|
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COPYRIGHT 1984 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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NEW YORK -- Corduroy is a market under siege. It is undergoing one of its worst years ever. And mill executives predict a further shakeout of domestic producers is likely before business becomes robust again.
The market continues to be battered by imported apparel and fabric, the strong American dollar has all but wiped out the mills' export business and a fashion swing away from jeans and basic corduroy has adversely affected sales.
Industry order backlogs are shrinking to low levels, and production continues to outstrip demand despite the recent debacle ...
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