Genesco Inc
Article Abstract:
Genesco Inc, manufacturer of men's casual shoes and clothing, is spending $2.1 million to develop its new casual shoe lines, Dockers and Nautica. Although Genesco's earnings for the fiscal year which ended Jan 1992 decreased to one cent a share, its Boot Factory subsidiary had tripled its sales in just three years of operation. It was also a good year for its Mitre division, which manufactures athletic shoes and apparel. At The Greif Cos, maker of men's apparel, sales fell from $476 million to $472 million. In spite of this, Chmn and CEO William Wire says that company growth and expansion are meeting expectations.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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Signal Apparel Co., Inc
Article Abstract:
Signal Apparel Company Inc posted a 65% revenue hike for the Sep 1992 quarter mainly because of its Shirt Shed Inc division. The apparel manufacturer, however, experienced minimal sales for its 'Batman Returns' products. Signal Apparel has shifted to active wear and knits for its retail business. The satisfactory performances of its Keds Apparel and Riddell Athletics segments have also fostered the management's optimism. Dir Paul Greenwood and WG Partners LP acquired 27,400 shares at 15 1/4 last Oct 1992. The company has no dividends on its 8.5 million Class A and B shares.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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Genesco Inc
Article Abstract:
New Genesco Inc Pres and COO E. Douglas Grindstaff has invested more than $500,000 of his own money in open-market purchases of 100,000 shares of the company he runs. Grindstaff's purchase has supported the claim of Genesco Chmn and CEO William S. Wire II that the clothing manufacturer and wholesaler will become more competitive after the recession as a result of its downsizing.April qtr losses have been cut as all brands hiked up sales figures with excellent performances by western boots and athletic shoes. No dividends are paid on 23 million common shares.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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