Goody Products history

In 1907, Goody was founded.

Their products achieved national distribution shortly afterward, selling in most national variety stores by the 1920’s – including SS Kreege Company, now Kmart.

With the profits that it made from its flourishing core business, Goodman purchased a 50 percent interest in the Foster Grant Company in 1929.

In 1933, the company incorporated, under the name Goody Products, Inc.

In 1970, another company, United Brands, purchased a large block of Foster Grant's stock after one of Foster Grant's founders died, and suddenly, Goody's control over the company seemed to be in doubt.

These figures were the result of annual growth in sales and earnings of 20 percent since 1977.

In July 1980, the company sold half a million shares, representing 24 percent of its outstanding stock, raising $4.4 million in the process.

By the start of 1982, Goody products held 60 percent of the market for hair accessories, more than twice the market share the company had held six years earlier.

Also in 1984, Goody began to implement a new computer system to track raw materials and finished products.

In 1985, for instance, Goody began offering hand-held mirrors and hair brushes.

In September 1991, Newell increased its holding in Goody to 13.4 percent, expressing increased interest in the firm.