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March 16, 2007
True Religion's Sales Surge In Q4
True Religion Apparel reported a 17 percent jump in sales for the fourth quarter of 2006 to $30 million. Net income for the quarter ended Dec. 31 surged nearly 33 percent to $5 million, thanks to an expanded product line and strong performance of the company’s retail outlets.
True Religion says it plans to open four additional locations: in Houston; New York; Corte Madera, Calif., and Valley Fair, near San Jose, Calif.
Separately, the company said that cofounder Kym Lubell was leaving the company to launch a high-end jewelry label.
Posted by Blacks on March 16, 2007 09:10 AM
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