We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jun 13, 20248:09pm

Coats shrinks its sales by 1.8% but doubles its profit in 2019

The British thread maker giant ended the year with a net profit of 115.8 million dollars.

Mar 5, 2020 — 4:36pm
Coats shrinks its sales by 1.8% but doubles its profit in 2019



British Coats ended 2019 at double tempo. The British thread manufacturer giant recorded a net profit increase of 98% in the last financial year, up to 115.8 million dollars, compared to the earnings of 58.2 million dollars from a year ago.


The company’s sales, on the other hand, have shrunk during the period, registering a drop of 1.8%, to 1.4 billion dollars. By segment, the supply of fashion and footwear and performance materials shrunk by 2% during the period during to an overall decline demand in the market.

 Asia has been the only territory where Coats has raised its sales in 2019, registering a growth of 1%. In America, the company has recorded a 7% drop in revenue, while in Europe, the Middle East and Africa the company’s revenue dropped by 3%.




“I am pleased to report a year of continuous growth in profits and cash, despite a market context in which we saw a less than normal growth in retail sales of apparel and footwear,” said Rajiv Dharma, CEO of the group, in a statement. The director also explained that the coronavirus has not had any impact on the business.


The company has completed its two-year transformation program, which aimed to underpin its digital and innovation strategy. In such context, the company has set up three innovation centers, in which it has allocated sixteen million dollars.


During the period, Coats has expanded its portfolio with the purchase of Pharr High Performance Yarns , specializing in the manufacture of high performance yarn. Based in North Carolina, the company is a manufacturer of threads that is used to produce industrial thermal clothing.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment