Gloomy outlook for US hosiery industry

Los Angeles - Hosiery mills industry revenue across the US is estimated to have fallen at a rate of around 6.7 per cent to US$1.5 billion in the five years to 2013, according to a new report. Over the same period, the number of industry firms is expected have fallen at a rate of 5.6 per cent per year to an estimated 133 businesses, while the number of employees is anticipated to have fallen 8 per cent to 9,651.