| Business Summary | | Designs
Inc.
is
a
retailer
selling
branded
apparel
and
accessories
made
exclusively
by
Levi
Strauss
&
Co.
and
other
manufacturers
licensed
by
Levi
Strauss
&
Co.
The
Company
markets
a
broad
selection
of
Levi
Strauss
&
Co.
brand
merchandise
through
outlet
and
factory
stores
under
the
names
Levi's/Dockers
Outlet
by
Designs,
Levi's
Outlet
by
Designs,
Dockers
Outlet
by
Designs
and
Levi's/Dockers
Factory
Store
by
Designs.
The
Company
uses
certain
Levi
Strauss
&
Co.
trademarks,
sells
Levi
Strauss
&
Co.
merchandise
and
markets
the
Levi
Strauss
&
Co.
brand
products
pursuant
to
a
license
agreement
with
Levi
Strauss
&
Co.
As
of
February
3,
2001,
the
Company
operated
102
stores,
of
which
34
are
in
the
new
Levi's/Dockers
Outlet
by
Designs
store
format.
The
Company
also
operates
14
Dockers
Outlet
stores,
which
sell
Dockers
and
Slates
brand
products
and
15
Levi's
Outlet
stores,
which
sell
exclusively
Levi's
brand
product. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Designs,
Inc.
is
a
specialty
retailer
of
quality
branded
apparel
and
accessories,
including
Levi
Strauss
and
Co.
and
Dockers
brand
products.
For
the
six
months
ended
8/4/01,
sales
increased
2%
to
$87.1
million.
Net
loss
totaled
$655
thousand
vs.
an
income
of
$610
thousand.
Revenues
reflect
a
decrease
in
comparable
store
sales.
Net
loss
reflects
decreased
merchandise
margins
and
increased
occupancy
costs
as
a
percentage
of
revenues
due
to
additional
square
footage. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Seymour Holtzman, 64 Chairman | -- | David Levin, 50 Pres,
CEO, Director | $312K | Dennis Hernreich, 44 Sr.
VP, CFO, Treasurer | 213K | Dollar amounts are as of 29-Jan-2001 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
|
|