PENDLETON WOOLEN MILLS, INC. has given DAIWA SEIKO, INC. the right to manufacture shirts and sweaters and sell them under the Pendleton name. The sporting goods manufacturer has imported the Portland, Oregon company's clothing since 1996 for sale through some 300 specialty store outlets. Daiwa Seiko hopes that local production and a broader line of women's clothing will boost Pendleton sales roughly 60 percent in FY 1999 to $4.2 million. It also is counting on two new Pendleton shops to be set up this spring in Tokyo and Sapporo to give sales a lift. Daiwa Seiko already has two Pendleton outlets and wants eventually to increase the number to 20.
An exchange rate of ¥120=$1.00 was used in this report.aaaaaa