Mens Underwear Woes in Sweden
The world of men’s underwear is currently being dominated by unhappy grumbles from Sweden!
Cautious spending from consumers has been blamed for a drop in first-quarter income as Swedish underwear brand Bjorn Borg announced that sales of their men’s range had fallen slightly.
Over the first three months of 2012, to March 31st, sales fell by 7 per cent, which meant that the gross profit margin had dropped by 48 per cent, which saw a fall in operating profit.
Bjorn Borg CEO Arthur Engel said, “We leave behind a weak quarter. Sales were adversely affected by cautious purchasing during the fall and profit was weighed down by higher scheduled expenses.
The Swedish company has seen growing brand sales with an increase for smaller markets on top of continued strength in e-commerce sales.
Ex-Sweden footballer, Freddie Ljungberg has also been having a moan because he kept being groped by adoring fans ever since he took part in a photo shoot for Calvin Klein underwear.
Ljungberg, modelled for CK from 2003 to 2007 during one of the fashion company’s most successful advertising campaigns. However, the former Arsenal and West Ham midfield player, now 35 years old, said he found the attention from women in night clubs difficult to handle as they would walk up to him and grab his private parts without warning.
He said, “There were hands everywhere. From behind, from the sides, pulling and tugging. I couldn’t do anything about it.” How much of a battle Freddie actually put up to fight these swarms of women off, we will never know.
Despite these grumbles, Bjorn Borg and Calvin Klein Underwear remain some of the most popular brands for men’s underwear on the market and are sold on world-wide scale.
