Pacific Brands hit with sales downturn

 In Australia, NewZealand

Pacific Brands says its full-year profit is likely to be down as it faces weaker sales and challenging market conditions with "no near term signs of improvement."
The company, which owns the Bonds clothing brand, said its first quarter sales were weaker than expected due to a downturn in some of its markets, particularly workwear.  Sydney Morning Herald – Read more…

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