112-Year-Old US Apparel Maker in Pa. to Close
Excerpt:FesslerUSA had survived war and depression, free trade and foreign imports, producing millions of knitted garments from its base in eastern Pennsylvania. Five years ago, third-generation owner Walter Meck and his family were feeling so good about the company's prospects they doubled capacity, moving into a former pencil factory outside the small town of Orwigsburg. They were still setting up shop in the new place when the Great Recession hit. Sales plummeted. Financing dried up. And, after a long struggle to keep the manufacturer afloat, Meck has finally run out of time and money, still awaiting the strong economic rebound that never came. Production will shut down in early November, tossing 130 employees out of work and ending a run of nearly 113 years.
Keywords:
Meck North American Free Trade Agreement free trade garments Schuylkill County Five years Great Recession Schuylkill Haven apparel factory American Apparel good job consumer spending small town 90 miles private investors new place garment industry American girl life support United States recent breadwinner stepdaughter cavernous manufacturers company ticked private-label sews longevity Orwigsburg incredible imports miracle underwear ominously quiet elderly pencil employers buyers fresh Financing knitted floor a minor door manager FootwearPeople:
Fessler
Overall Sentiment: -0.130061
Relevance: 0.866474
Disambiguation: References:
Gloria Bambrick
Overall Sentiment: -0.0601511
Relevance: 0.346138
| Sentiment | Quote |
|---|---|
| -0.149408 | "It's going to be tough for me to get a job because of my age," said Bambrick, ... |
| 0.276374 | "It's going to be tough for me to get a job because of my age," said Bambrick, who became the sole breadwinner for her stepdaughter and elderly mother after the recent death of her husband. "I am very strapped. I will need a good job." |
| Sentiment Stats: |
|
Key:
- Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
- The Mean is meant to be an indicator of an individual's average comment sentiment.
- The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).
Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
Company: Meck & Co.
Overall Sentiment: 0.0784191
Relevance: 0.899493
Company: FesslerUSA
Overall Sentiment: -0.475615
Relevance: 0.325108
URL Meta Details
Source Webpage: feeds.abcnews.com
URL Provided Desc:
URL Provided Keywords:
URL Provided Title:
URL Provided Desc:
Weak economy, foreign competition, credit squeeze kill 112-year-old US apparel maker in Pa.
URL Provided Keywords:
- abc news
- abc news online
- abcnews online
- abnews
- business
- Consumer products and services
- General news
- Industries
- news articles
- North America
- online news
- Pennsylvania
- United States
- us news
URL Provided Title:
112-Year-Old US Apparel Maker in Pa. to Close
No comments:
Post a Comment