PARIS — Struggling to get a leg up in a difficult market, Wolford AG said its first-quarter sales fell 9.8 percent to $26.6 million from $29.6 million a year ago.
In local currency, sales in the three months ended July 31 fell to 23.5 million euros, versus 26.1 million euros the previous year. The Bregenz, Austria-based hosiery maker blamed 40 percent of the sales decline on exchange-rate fluctuations and 25 percent on the closure of nine unprofitable Wolford-owned boutiques.
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