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Warnaco Group, Inc. (NYSE:WRC) also operates 1 online swimwear store in the United States. Warnaco Group's online stores include SpeedoUSA.com, Calvinkleinjeans.com, and CKU.com. The Warnaco Group, Inc. was founded in 1874 and is based in New York, New York. The Warnaco Group, headquartered in New York, is a leading global apparel company engaged in the business of designing, sourcing, marketing and selling men’s, women’s and children’s sportswear and accessories, intimate apparel, and swimwear under such owned and licensed brands as Calvin Klein®, Speedo®, Chaps®, and Warner's® and Olga®.
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The Warnaco Group, Inc. yesterday announced that its board of directors has approved a new multi-year share repurchase program for up to $200 million of the Company's outstanding common stock. As of August 31, 2011, the Warnaco Group completed its previously announced 2010 share repurchase program, under which five million shares of common stock were repurchased. All repurchases of shares under the new program will be made consistent with the terms of the Warnaco Group's applicable debt instruments.
The Warnaco Group, Inc., together with its subsidiaries, designs, sources, markets, licenses, and distributes a range of intimate apparel, sportswear, and swimwear worldwide. It offers sportswear for men, women, and juniors, including jeanswear, knit and woven shirts, tops, and outerwear; intimate apparel comprising bras, panties, sleepwear, loungewear, shapewear, and daywear for women, as well as underwear and sleepwear for men; and swimwear for men, women, juniors, and children, including swim accessories, and fitness and active apparel. Warnaco Group offers its products primarily under the Calvin Klein, Speedo, Chaps, Warner?s, and Olga brand names.
Warnaco Group distributes its products primarily to wholesale customers through various distribution channels, including department stores, independent retailers, chain stores, membership clubs, mass merchandisers, and the Internet, as well as specialty, off-price, and other stores; and through dedicated retail stores. As of April 2, 2011, Warnaco Group operated 512 Calvin Klein sportswear retail stores consisting of 108 full price free-standing stores, 54 outlet free standing stores, 349 shop-in-shop/concession stores, and 1 online store in the United States, as well as 372 retail stores operated by third parties under retail licenses or distributor agreements; and 931 Calvin Klein intimate apparel retail stores consisting of 91 full-price free-standing stores, 65 outlet free-standing stores, 774 shop-in-shop/concession stores, and 1 online store in the United States, as well as 198 Calvin Klein retail stores operated by third parties under retail licenses or distributor agreements.
For more information about The Warnaco Group, please visit www.warnaco.com
Read more at: http://crwewallstreet.com/?p=21244
(WRC, CBRL, CRWE, SCSC, AMKR) Stock in Review by CRWEWallStreet.com
September 9th, 2011 at 02:35 pm