The quarterly earnings release issued last week by Delta Apparel had some rather confusing statements regarding the effect of a future stock split on EPS performance. Some speculate that programmed trades may be the culprit for the nearly 21% drop in DLA shares since last Friday. The company quickly issued a statement on Monday clarifying the impact of the expected 2-for-1 stock split at the end of May, but the damage was already done.

Last week’s release of results also alluded to moves by the parent company of M.J. Soffe Co. to continue to work on cost reductions in the Soffe business, transitioning more domestic sewing production to offshore facilities. Management said they would “maintain appropriate levels of sewing production” in the U.S. to support various military programs.

The effort will reportedly mean the net loss of about 160 jobs in North Carolina as it moves more production to El Salvador.

A Soffe spokesperson confirmed with Sports Executive Weekly that the company currently employs roughly 930 people between corporate offices, the warehouse, and production facilities in North Carolina. Soffe had as many as 2,200 workers at those facilities and three others “as little as three years ago,” according to a local paper.

But a company executive told SEW that not everything is leaving the area, stating that the company would increase their textile production at their plants here even as garment production moves offshore. The company’s Fayetteville plant will increase textile production from about 125,000 pounds of fabric a week to more than 200,000 pounds, a move that will service more of the needs of Delta as well.

Soffe plans to add about 25 jobs in textile production and cut roughly 185 at its sewing facilities. The article in the Fayetteville Observer said the company will keep 83 people on board to produce products for the military, goods that must be produced in the U.S.

Company CEO Jim Soffe told the paper that the company “expects to save about $6 million annually with the changes.”

In other news on the move to offshore production, VF Corp.’s Jeanswear unit announced plans this week to cut about 445 jobs from its Wilson, NC facility as the company moves more production offshore. The changes are expected to be phased in over the next 14 months.

>>> While everyone cries about the loss of jobs here, no one appears willing to pay $29.99 for a pair of Cheer Shorts or $100 for a pair of Lee jeans…

The quarterly earnings release issued last week by Delta Apparel had some rather confusing statements regarding the effect of a future stock split on EPS performance. Some speculate that programmed trades may be the culprit for the nearly 21% drop in DLA shares since last Friday. The company quickly issued a statement on Monday clarifying the impact of the expected 2-for-1 stock split at the end of May, but the damage was already done.

Last week’s release of results also alluded to moves by the parent company of M.J. Soffe Co. to continue to work on cost reductions in the Soffe business, transitioning more domestic sewing production to offshore facilities. Management said they would “maintain appropriate levels of sewing production” in the U.S. to support various military programs.

The effort will reportedly mean the net loss of about 160 jobs in North Carolina as it moves more production to El Salvador.

A Soffe spokesperson confirmed with Sports Executive Weekly that the company currently employs roughly 930 people between corporate offices, the warehouse, and production facilities in North Carolina. Soffe had as many as 2,200 workers at those facilities and three others “as little as three years ago,” according to a local paper.

But a company executive told SEW that not everything is leaving the area, stating that the company would increase their textile production at their plants here even as garment production moves offshore. The company’s Fayetteville plant will increase textile production from about 125,000 pounds of fabric a week to more than 200,000 pounds, a move that will service more of the needs of Delta as well.

Soffe plans to add about 25 jobs in textile production and cut roughly 185 at its sewing facilities. The article in the Fayetteville Observer said the company will keep 83 people on board to produce products for the military, goods that must be produced in the U.S.

Company CEO Jim Soffe told the paper that the company “expects to save about $6 million annually with the changes.”

In other news on the move to offshore production, VF Corp.’s Jeanswear unit announced plans this week to cut about 445 jobs from its Wilson, NC facility as the company moves more production offshore. The changes are expected to be phased in over the next 14 months.

>>> While everyone cries about the loss of jobs here, no one appears willing to pay $29.99 for a pair of Cheer Shorts or $100 for a pair of Lee jeans…