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Timberland shifts to global sourcing ending U.S. production
Timberland plans to produce no goods in the United States by year end shifting manufacturing to Asia Europe and the Caribbean. Five years ago 5 percent of work was contracted out with 60 percent by year end. The move affects Tennessee and North Carolina jobs while boosting Boone area employment. Analysts note rising sales but shrinking profits and warn of intensified competition as Timberland focuses on R D and marketing.
MENTIONED IN THIS ARTICLE
Stratham, N.H
Timberland
Asia
Europe
Caribbean
Roger Rydell
Dominican Republic
Puerto Rico
Rydell
Susan Harris
Watauga County
Harris
Boone
Margaret Johnston
Boone-area
Wall Street
Laurence Leeds
Buckingham Research Group
New York
America
Nike
Reebok
Adidas
Steven Frankel
Adams Harkness & Hill