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Home > Company Index > Consumer Products-Non-Durables > Apparel Clothing > Ithaca Industries, Inc.
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Ithaca Industries, Inc. |
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PROFILE |
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Ithaca Industries may keep underwear private, but the secret is out that the company is in debt. Ithaca makes private-label underwear and T-shirts for men, women, and children in more than 260 styles. It sells its products through more than 10,000 stores, led by JCPenney (50% of sales), The Gap, and Sears. The company filed for Chapter 11 bankruptcy protection in May 2000 in the wake of declining sales and increased competition. Ithaca sold its hosiery unit and shut down US plants in 1999 in an effort to shore up apparel operations. It assembles some products in Central America and has others made through Asian contractors. Northwestern Mutual owns 24% of Ithaca; DDJ Capital Management owns 18%.
COMPETITION |
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Delta Woodside Industries, Inc. (DLW)
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Sara Lee Corporation (SLE)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: January
1999 Sales (mil.): 187.70
1-Yr. Sales Growth: (20.8)%
Employees: 4,611
Revenue per employee: $40,707.00
KEY PEOPLE |
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Jim D. Waller
CEO
Richard P. Thrush
CFO
CONTACT INFO |
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Hwy. 268 West, Box 620
Wilkesboro, NC 28697
US
Phone: 336-667-5231
Fax: 336-667-2979
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