| Business Summary | | Tultex
Corporation
is
a
marketer,
manufacturer
and
distributor
of
activewear
apparel
for
consumers
and
sports
enthusiasts.
The
principal
activewear
products
of
Tultex
are
fleeced
knitwear
items
such
as
sweatshirts,
jogging
suits,
hooded
jackets,
headwear
and
jersey
apparel
for
work
and
casual
wear,
marketed
under
the
Discus
Athletic(r)
and
Tultex(r)
brand
names.
The
Company
also
manufactures
private-label
products
for
sale
under
many
labels,
including
Nike,
Pro
Spirit
and
Jerry
Leigh.
In
addition,
the
Company
offers
items
such
as
T-shirts,
sweatshirts,
windbreakers
and
hats
featuring
designs
involving
NASCAR
and
CART
drivers
and
cars,
which
are
sold
under
the
Track
Gear(r)
brand
name. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Tultex
manufactures
and
markets
activewear
and
licensed
sports
apparel.
Products
include
fleeced
sweats,
jersey
products,
and
decorated
caps
and
jackets.
For
the
39
weeks
ended
10/2/99,
sales
fell
25%
to
$278.2
million.
Net
loss
before
extraordinary
items
and
appli.
to
Common
totaled
$48.2
million,
up
from
$23.1
million.
Revenues
reflect
the
absence
of
sales
from
LogoAthletic.
Higher
loss
reflects
lower
sale
of
higher
margin
products
and
an
asset
impairment
charge
of
$1.4
million. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| John Franck, 46 Chairman | -- | Charles Davies Jr., 50 CEO | $300K | James Chriss Pres | -- | O. Rollins, 56 Exec.
VP, Gen. Counsel | 230K | Anthony Pichirallo, 40 Exec.
VP of Sales and Marketing | 206K | Dollar amounts are as of 2-Jan-1999 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
|
|