WestPoint sales down in 2Q

New York - Executives at WestPoint Home parent Icahn Enterprises cited a soft housing market and the exit from some unprofitable programs for WestPoint Home's 23% sales decline in the second quarter.
For the period ended June 30, revenues for Icahn's home fashions division (WestPoint) fell to $82 million, with gross margin down 42%.
For the first six months, sales fell 5% to $190 million, with gross margin off 17%.
Icahn executives offered no additional remarks about the home business during a conference call with analysts or in the presentation materials.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live from NY Market: Target Talks Up Its New Chemical Initiative

    Camera Icon More Videos