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Catherines Inc history
Catherines Inc company history timeline
In October 1987, Catherine's management, along with affiliates of Investcorp S.A. (a Bahrain-based investment bank) and Citicorp Venture Capital, acquired the Catherine's division from Allied Stores for &Dollar;42.3 million as part of Allied's divestitures, and formed Catherines Holding Corporation.
Designers' high-priced, large-size items accounted for &Dollar;2 billion in sales during 1991 alone.
In 1992, shareholders approved an employee stock purchase plan, allowing full-time employees with at least one year of service to contribute from one to ten percent of their pay towards the purchase of the company's common stock.
In 1993, the company acquired 14 stores from direct competitors (Cramer's Half-Size Shops and Siefer's Plus), expanding its presence in the Northeast.
Other than Tiffany's, Investcorp had taken just two other units public by 1994: the Sports & Recreation Inc. chain and Catherines.
Over 20,000 such cards were sold in August 1995 at &Dollar;25 apiece, yielding half a million dollars.
Virginia Specialty operated as a wholly owned subsidiary until 1995 when it was merged with Catherine's.
By 1995, super-sized merchandise represented one-third of the dollar sales in this division, with size 34 apparel being offered.
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Catherines Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Pier 1 | 1962 | $1.6B | 18,000 | - |
| Zumiez | 1978 | $889.2M | 1,650 | 83 |
| Aerosoles | 1987 | $24.0M | 153 | - |
| PacSun | 1982 | $797.8M | 10,300 | 1,137 |
| White House Black Market | 1985 | $570.0M | 3,098 | - |
| Aldo | - | $1.7B | 25 | 1 |
| Lane Bryant | 1915 | $1.4M | 25 | 5 |
| Foreign Exchange | - | $1.2M | 35 | - |
| Naartjie Kids | 1989 | $2.7M | 25 | - |
| Chico's FAS | 1983 | $2.1B | 18,500 | 2,244 |
Catherines Inc history FAQs
Zippia gives an in-depth look into the details of Catherines Inc, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Catherines Inc. The employee data is based on information from people who have self-reported their past or current employments at Catherines Inc. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Catherines Inc. The data presented on this page does not represent the view of Catherines Inc and its employees or that of Zippia.
Catherines Inc may also be known as or be related to Catherines and Catherines Inc.