While new retail trade figures from Statistics Denmark show that sales of clothing dropped by 10.9% in February compared to last year, the announcement from Danish fashion company Marc Lauge A/S is somewhat more encouraging, reports financial daily newspaper Børsen.
Sales manager Mogens Bjerg Sørensen of Marc Lauge told Børsen that revenues and order book in the first six months of the 2008/2009 fiscal year show a 20% increase compared to the previous year.
"If we get all the money for the goods on order, then things are looking good here. Eighteen months ago in the growth period, we went through everything and identified which customers to focus on for the long term, and weeded out those which did not honour payment agreements. That is an advantage today," commented Sørensen.
The sales manager declines to disclose any exact figures: "We do not put a number on revenues, but it looks as if we will achieve revenue growth."
Marc Lauge was founded as a jeans company in 1986 and is located north of Esbjerg, Jutland. Since its establishment, the company has extended its range with several brands for both men and women. Marc Lauge generates around half of its sales from the domestic market and the rest primarily from Finland, Norway and Sweden. In the 2007/2008 fiscal year, the company achieved an operating profit of DKK 11.5m (USD 2.1m) and pre-tax profits of DKK 15.3m (USD 2.8m).