Blue-collar clothing brand Dickies bucks recent trend by moving from Texas to California [View all]
https://www.independent.co.uk/news/world/americas/dickies-california-texas-b2655018.html
Blue-collar clothing brand Dickies bucks recent trend by moving from Texas to California
The company has suffered a decline in revenue
Dickies clothing brand is moving from Texas to California, marking a rare corporate switch after several companies relocated from California to the southern state.
The Los Angeles Times reported that the company will be moving from Fort Worth to Costa Mesa to share a space with its sister brand Vans.
VF Corp., the brands parent owner also owns North Face, Timberland and JanSport, the outlet reported.
Companies like Space X and Chevron previously chose to move their companies from California to Texas in search of lower real estate prices, better tax laws and fewer restrictions. Dickies move is due to impact 120 employees, the company told the outlet.
This move allows VF to further consolidate its US real estate portfolio as part of its stated business turnaround strategy, a spokesperson for VF told the newspaper. The move should also foster a collaboration between Vans and Dickies employees to create an even more vibrant campus where creativity and best practice sharing can thrive through greater collaboration and connections, they added.
The company hopes the relocation process will be completed by May.
Chief Executive of RetailWire, Dominick Miserandino, told the outlet that the matter may have more to do with real estate ownership than anything else. Clearly, youre making a decision like this for operational efficiency, he said.