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  September 5, 2001
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Home > Company Index > Retail > Clothing, Shoe & Accessory Retailing > Designs, Inc.

Designs, Inc.
Nasdaq: DESI
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 NEWS FROM THE STANDARD
Convergence: Seven CEOs Agree
Aug 20 1998 12:00 AM PDT

 PROFILE
Designs' fortunes have not gone according to design. With an ill-fated venture into private-label clothing behind it, Designs is now selling closeout and irregular merchandise from Levi Strauss & Co. The firm has more than 100 outlet stores in the eastern US and Puerto Rico under the Levi's Outlet by Designs and Dockers Outlet by Designs names. (The company has closed its Buffalo Jeans Factory Stores.) Designs liquidated its Boston Traders private-label line; some angry shareholders attempted to replace most of the board of directors, which countered by considering a sale of the company. (The offer has since been withdrawn.) Jewelcor Management, one of the mutinous shareholders, owns 18% of Designs.

 COMPETITION
J. C. Penney Company, Inc. (JCP)
Sears, Roebuck and Co. (S)
The Gap, Inc. (GPS)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 194.50
1-Yr. Sales Growth: 1.2%
Employees: 1,750
Revenue per employee: $111,142.86

 KEY PEOPLE
• David A. Levin
    CEO
• Dennis R. Hernreich
    CFO

 CONTACT INFO
66 B St.
Needham, MA 02494
US
Phone: 781-444-7222
Fax: 781-444-8999
Online: Web Site

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