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FAIRFIELD, NJ - Jerash Holdings (US), Inc. (NASDAQ:JRSH), a manufacturer of custom sportswear and outerwear with annual revenues of $138.14 million, has secured an order for more than three million pairs of girls’ shorts through a new strategic collaboration with South Korea-based Hansoll Textile Ltd.
The company announced Thursday that this represents one of the largest initial orders in its history. Production is expected to begin in August with delivery scheduled for the third and fourth quarters of 2025. According to InvestingPro data, analysts anticipate significant sales growth for the current year, with revenue growth forecast at 27%.
According to the press release, the order comes from "one of the largest U.S.-based multinational and omnichannel retail corporations," though the specific retailer was not named.
"By delivering these products on an FOB basis, we are attaining standard margins, compared with traditional contract manufacturing through a third-party," said Sam Choi, Jerash’s chairman and chief executive officer.
Choi noted that the company is now operating at full capacity through the end of December, which covers what would typically be Jerash’s seasonally slower period.
The Jordan-based manufacturer indicated it has been receiving increased inquiries from brands and apparel manufacturers seeking alternatives to production in China and Southeast Asia amid ongoing tariff uncertainties.
Jerash Holdings manufactures apparel for brands including The North Face, Timberland, New Balance, Calvin Klein, and Tommy Hilfiger. The company currently employs approximately 6,000 people across six factory units and four warehouses.
The information in this article is based on a company press release statement.
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