| Business Summary | | Nitches,
Inc.
is
in
the
wholesale
clothing
business
and
imports
finished
garments
manufactured
to
its
specifications
from
approximately
12
foreign
countries.
The
Company
sells
all-cotton
and
cotton
blend
knit
and
woven
clothing
primarily
for
the
female
consumer.
Retail
customers
include
Cavendars,
Costco,
Kohl's,
Mervyns,
Sears,
and
Sheplers.
The
Company
sells
garments
to
these
and
other
retailers
through
its
own
sales
force
and
through
independent
sales
representatives.
Nitches
provides
fashionable
clothing
to
the
popularly
priced
market
segment
that
generally
retails
between
$10
and
$35
per
item. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Nitches,
Inc.
is
a
wholesale
importer
and
distributor
of
women's
woven
cotton
sportswear
manufactured
to
specification.
For
the
nine
months
ended
5/31/01,
net
sales
fell
16%
to
$26.8
million.
Net
income
fell
36%
to
$997
thousand.
Revenues
reflect
decreased
unit
sales
in
the
Company's
sleepwear
product
line,
including
the
loss
of
JC
Penney
as
a
customer.
Net
income
also
reflects
an
increase
in
general
and
administrative
expenses
as
a
percentage
of
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Steven Wyandt, 56 Chairman,
CEO, Chief Financial Officer | $231K | Paul Wyandt Pres, COO | -- | Dollar
amounts are as of 31-Aug-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|