Also detailed in their trading update, "The apparel category has performed well compared to other categories during the pandemic". As a result their main operations at Oshkosh Distribution Centre is currently running at 100% permanent labour capacity utilisation.
The firm maintains that they will "continue to aquire new customers at a relatively promising rate, with new-to-existing customers running a stable band." Their customer activity has been driven by a careful re-allocation of marketing funds towards their brand marketing programme.
Ultimately, there is still inherent uncertainty as a result of Covid-19. However, 4Imprint remains in a strong financial position with a cash balance of $40.1million at the end of the October accounting month with no debt. They are also confident in their ability to deliver sustainable value for all stakeholders.
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Promotional Products Work! Week is an international grassroots event led by the Promotional Products Association Internation (PPAI) and the promotional products industry.
HH Global Group announced the completion of the acqusition of InnerWorkings on October 1st 2020.