Danskin, Inc. Reaches Agreement With Target Stores for Distribution of Freestyle Activewear.Business Editors NEW YORK--(BUSINESS WIRE)--March 22, 2001 Danskin, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: DANS), a designer, manufacturer and marketer of women's activewear, dancewear dance·wear n. Clothing such as leotards and warmup suits that are worn for dance practice and exercising. and legwear, announced today that it reached an agreement with Target Stores, the upscale discount division of Target Corporation (NYSE NYSE See: New York Stock Exchange :TGT TGT Target TGT Ticket Granting Ticket (Windows 2000 Kerberos security) TGT Target Corp (stock symbol) TGT Turbine Gas Temperature TGT TDRSS Ground Terminal TGT Tank Gunnery Trainer TGT Target Tracker ), for the distribution of its Freestyle(R) line of activewear for women and girls in all 991 of Target's store locations nationwide. The Freestyle(R) line, which will be available in stores June 2001, will be represented by product that is distinctly different from both the current Danskin offering and the current Target offering. The activewear line offers Target's guests fashion and function at a value that will exceed consumer expectation levels. Commenting on the announcement, Carol Hochman, President and Chief Executive Officer of Danskin, Inc. said, "Danskin has made tremendous progress in its transformation from strictly a manufacturer to a brand manager and marketer. We see the Target opportunity as a significant step in the development of the Company's branding strategy." About Danskin, Inc. Danskin, Inc. markets and manufactures leading brands of women's activewear and dancewear under the Danskin(R), Danskin Plus(R), Danskin Packables(TM), Freestyle(R) and Zen Sport(TM) from Danskin(R) trademarks, and legwear under the Danskin(R), Givenchy(R), Ellen Tracy(R), Evan-Picone(R) and Round the Clock(R) trademarks. Pennaco Hosiery hosiery Knit or woven coverings for the feet and legs, worn inside shoes. In the 8th century BC, Hesiod referred to linings for shoes; the Romans wrapped their feet, ankles, and legs in long strips of leather or woven cloth. , a division of Danskin, Inc. is a manufacturer of branded and private label hosiery sold in department and fine specialty stores. For further information, please visit www.danskin.com. For store locations, consumers may call 1 (888) DANSKIN. About Target Stores Minneapolis-based Target Stores serves guests at 991 stores in 46 states nationwide by delivering today's best retail trends at affordable prices. Whether visiting a Target store or shopping online at target.com, guests enjoy a fun and convenient shopping experience with access to thousands of unique and highly differentiated items. The largest division of Target Corporation (NYSE:TGT), Target Stores gives back more than $1 million a week to its local communities through grants and special programs. Since opening its first store in 1962, Target has partnered with nonprofit organizations, guests and team members to help meet community needs. This press release contains certain "forward-looking" statements, as defined in 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. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors are detailed from time to time in the Company's filings with the regulatory authorities having jurisdiction. This press release and prior releases are available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide Web site at www.kcsa.com. |
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