Accessories Company Tandy Brands Announces Restructuring
Tandy Brands Accessories Inc. proclaimed several measures toward streamlining operations and reducing operating costs, as well as doing away with non core products.
Tandy brands Accessories Inc. is a prominent leader in the field of accessories, in all categories .It markets leading brands of men's, women's and children's accessories which also includes belts, small leather items and items to be given as gifts. Major retail units are its distribution channel.
The accessories company President and Chief Executive, Rod McGeachy, emphasized that these actions would bring about a turnaround, which would enable long term growth, as well as gains for year 2012. He also said that performance would get an impetus with better cost structures and strategies, in operation.
With this restructuring EBITDA will improve to an expectation of $4 million to $ 5 million, on a yearly estimate, from the year 2012.