RTROC news. stock is at 52 week low and looks wonderful to me. I am in.
Wednesday December 15, 9:01 am Eastern Time
Company Press Release
Retrospettiva Announces Orders From New Vision Apparel and
United Clothing Concepts
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec.15,1999--Retrospettiva
(NASDAQ:RTROC - news) announced today that New Vision Apparel, and United Clothing Concepts LLC, both from New York placed their first orders with the Company for ladies clothes valued at approximately $460,000.
Retrospettiva is a leading supplier of moderately priced women's apparel and is a vendor to Dayton Hudson (NYSE:DH - news), which operates Target and Mervyn's stores.
Retrospettiva is also a vendor to Federated Department Stores (NYSE:FD - news), which operates a number of
department stores in the United States under the names Macy's, Bloomingdale's, The Bon Marche, Burdines, Rich's/Lazarus/Goldsmiths and Sterns. In addition the Company sells to TJX Companies (NYSE:TJX - news); Burlington Coat Factory (NYSE:BCF - news); Wal-Mart (NYSE:WMT - news); Ross Stores Inc. (NASDAQ:ROST - news) and Dress Barn Inc.
(NASDAQ:DBRN - news). It markets exclusively in the United States to national retailers, wholesalers, catalogs, and design manufacturing organizations under its customers' labels.
Retrospettiva contracts for the manufacture of its finished products only after customers place purchase orders, including quantities, styles and designs. Since Retrospettiva is not involved in the design end of the transaction and the orders are in essence `pre-sold', the Company has effectively removed the risk normally associated with fashion and design, a risk that the customer by default
assumes. However, the Company is subjected to the normal and customary risks of doing business inherent in the apparel industry. Additional information on the Company can be found at its corporate Web site which is located at rtro.com.
Except for the historical information contained herein, the matter set forth in this news release may
include forward-looking statements that are subject to risks and uncertainty that may cause actual
results to differ materially. Such forward-looking statements that may be contained in this
document could include in particular statements concerning business backlogs, operating
efficiencies and capacities, capital spending, and other expenses. Among other factors that could
cause actual results to differ materially are the following: dependence upon unaffiliated
manufacturers and fabric suppliers, dependence on certain customers, foreign operations,
competition, risk associated with significant growth, uncertainties in the apparel industry, general
economic conditions, seasonality, political instability, concentration of accounts receivable,
possible fluctuations in the operations in operating results.
Contact:
Retrospettiva
Hamid Vaghar, 310/657-4488 |
