The latest news from the U.S. Consumer News and Business Channel (CNBC), clothing manufacturer Gaston has shifted its supply chain to the production of masks in the early stages of the new crown epidemic. This approach was reflected in the recently released financial report figures. It does pay off.
When the company announced its quarterly financial report on August 27, 2020, it stated that during this period, the transformation to produce masks did bring sales of US$130 million to the company. Including sales to individuals and bulk sales to businesses. The company said New York City, California and Caesars Healthcare are some of its customers.
In the quarter ended August 1, Gas’s total sales fell to $3.28 billion from $4 billion a year ago, a drop of about 18%. Online sales surged 95%. But those results were dragged down by weak sales at its stores, some of which were forced to close during the quarter due to the epidemic. </p
