Corporate Profile for Designs, Inc. dated Oct. 11, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0-
Published Date: Oct. 11, 1996
Company Name: Designs, Inc.
Address: 66 B Street
Needham, MA 02194
Main Telephone
Number: 617/444-7222
Chief Executive
Officer: Joel H. Reichman
Investor Relations
Contact: Lynn M. Harrison
Business number: 617/444-7222
Public Relations
Contact: Lynn M. Harrison
Business number: 617/444-7222
Trading Symbol: DESI
Industry: Specialty Retail Apparel
Company description: Designs, Inc. is a specialty retailer that provides internationally recognized quality branded merchandise in a manner which creates a shopping experience that satisfies its target customers' casual lifestyle requirements. Based in Needham, Mass., Designs, Inc. opened its first Designs store in 1977, selling exclusively Levi Strauss
Levi Strauss, born Löb Strauß & Co. apparel and accessories. In 1994, the company introduced its first new product offering, the Timberland brand, as part of a strategy to offer a broader merchandise selection to customers. In 1995, Designs Inc. completed a joint venture agreement with Levi Strauss & Co. to own and operate retail stores throughout 11 northeast states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , further strengthening the long-standing relationship between the two companies. In 1995, Designs, Inc. completed the purchase of the Boston Traders brand as the next step in developing an exclusive brand to augment existing product lines. The company operates 150 full-price and outlet stores An outlet store or factory outlet is a retail store in which manufacturers sell their stock directly to the public through their own branded stores. The stores can be can be brick and mortar or online. located throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in enclosed regional shopping malls, urban locations and outlet centers. Sales for the fiscal year ended Feb. 3, 1996 totaled $301.1 million. Net income for the fiscal year totalled $9.8 million, or $0.62 per share. The price range for Designs, Inc.'s common stock for the same period was a high of 11 1/4 and a low of 5 5/8. CONTACT: Designs, Inc. |
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