Lots of Turmoil in the clothing business
We have just got word that their were riots in the Apple factory in China and another one of our product lines is having trouble getting stuff made over there because of some of the flooding. What the heck is going on with that place? Everyone seems to think we have to tip toe with China because they own so much of our debt that they can pull the rug out from under us. The truth of the matter is we actually still own them. They won’t get anything out of us if we go down and right now they are actually having the rug pulled out from under them. We are at a total of 4 of our major product lines has pulled out of Chinese manufacturing beacuse of the labor costs and price increase on raw products.
I have no idea what is going on with the clothing industry. We have done some really big promos with Tru Spec and Blackhawk products as well as the Woolrich Elite tactical pants product line and we’re under the impression they are all having some issues. We are testing out some of the new products form Tru Spec this summer because one of our favorite clothing makers, Woolrich Elite isn’t making the 44905 shorts at the moment and that is something that really concerns us.