Randa Apparel & Accessories

Last updated

Randa Apparel & Accessories
Company type Private company
Founded1910
ProductsClothing, footwear, neckwear, jewelry, accessories, leather goods
Number of employees
2,000
Website randa.net

Randa Apparel & Accessories is a manufacturer, distributor, and marketer of clothing, footwear, neckwear, jewelry, accessories, and leather goods.

Contents

The founder's family had been in the neckwear business since 1910 and the current company was incorporated in 1935. Through the company's Haggar Clothing Co. and Tribal divisions, Randa distributes men's and women's clothing.

Randa is a privately owned company. 2019 sales exceeded $1 billion. [1] [2] [3]

In 1938, Haggar created the first ready-to-wear, finished bottom, pre-cuffed pant. During World War II, the company supplied over 10 million uniforms to the U.S. military. In 1980, the company began production of sport coats, vests, and Haggar "Custom Fit" suits.[ citation needed ]

Haggar has over 30 branded brick-and-mortar retail locations and a direct-to-consumer e-commerce platform. Randa sells its products via direct-to-consumer channels including QVC, Amazon.com, JCP.com, Kohls.com, Macys.com, Haggar.com, TrafalgarStore.com, Nordstrom.com, Zappos.com, and eBags.com.

Offices

The company employees over 2,000 associates worldwide.

Randa design centers are located in New York City, USA; Dallas, USA; Montreal, Canada; London, England; Chicago, USA; Guatemala City, Guatemala; Cape Town, South Africa and Shanghai, China.

Brands

Randa produces and distributes products under license from many brands including: Levi's, Dockers, Tommy Bahama, Kenneth Cole, Tommy Hilfiger, Calvin Klein, Ben Sherman, Chaps, Columbia Sportswear Company, Dickies, Cole Haan, Guess!, Hanesbrands, Haggar Clothing, Tribal Fashion, and Jessica Simpson.

Randa also owns and markets brands including Haggar Clothing, Tribal, Exact Fit, Swank, Countess Mara, Mustang, Louis Raphael, and Damen+Hastings.

Randa Accessories partnered with Ryan Seacrest to create the "Ryan Seacrest Distinction" brand for apparel and accessories. [4]

History and timeline

Randa Accessories began as the Spiegel Neckwear company in 1910.[ citation needed ]

Distribution and logistics

Randa Accessories has over 1 million square feet of modern distribution space located near New Orleans, New York City, Reno, Fort Worth, Edinburgh, Melbourne, Johannesburg, Toronto, and others. Together, these facilities have capacity to ship more than 100 million units and 1 million consumer direct shipments annually. [23] [24] In 2013 and 2014, the company announced investments of $25 million in its logistic's infrastructure. [25] An additional $25 million logistics and IT investment was made in 2016 and 2017.

Swank, Inc.

Swank was founded in 1897 and is engaged in the importation, sale and distribution of men's and women's belts and men's leather accessories, suspenders, and jewellery. Swank also distributes men's jewelry and leather items to retailers under private labels.

Swank, Inc. (formerly publicly traded as "SNKI") was acquired by Randa Accessories on May 17, 2012, and taken private. [26]

Market Connect Group

Originally servicing Randa's internal requirements for in-store merchandising, Randa purchased Market Connect Group (MCG) in 2002. MCG provides in-store demonstrations, replenishment, brand ambassadors, and other services. HFN, the journal of the housewares industry, reported that MCG conducted over 20,000 in-store demonstrations in 2013. [27]

Trafalgar men's accessories

Trafalgar was founded in 1972 in Norwalk, Connecticut, as a luxury manufacturer of men's belts and suspenders. Randa acquired Trafalgar in 2003.

Many patterns were designed by Albert Thurston. In 1820, five years before Nelson's Column was built (to celebrate his life and death on October 21, 1805, at the Battle of Trafalgar) braces and suspenders were first made and sold by Albert Thurston from his emporium at 27 Panton Street, Haymarket, London. [28]

Tribal

Tribal was founded in 1971 with over 2,400 active accounts.[ citation needed ]

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References

  1. 2012 SEC.GOV report https://www.sec.gov/Archives/edgar/data/869487/000117184312001059/exh_991.htm
  2. Randa 2013 Corporate Overview and Web Site
  3. PRNewswire, May 7, 2019, https://www.prnewswire.com/news-releases/randa-accessories-to-acquire-haggar-clothing-co-300845532.html
  4. Wall Street Journal, Feb 11, 2014
  5. WWD - February 2, 2012
  6. Morningstar News Wire
  7. MarketWire
  8. MR Magazine
  9. MR Magazine "Randa moving its headquarters across Midtown in January". Archived from the original on January 29, 2013. Retrieved January 2, 2013.
  10. WWD August 2, 2013
  11. Wall Street Journal, Feb 11 & Feb 12, WSJ
  12. WWD April 30, 2015
  13. WWD, June 5, 2015
  14. WWD, April 7, 2016
  15. WWD, August 4, 2017
  16. Reuters, July 2, 2018
  17. MR Magazine, March 1, 2019
  18. WWD, March 14, 2019
  19. WWD, May 7, 2019
  20. MR, January 13, 2020
  21. Press Release, September 12, 2020
  22. WWD October 9, 2020
  23. MRket Magazine, August 2013
  24. MRket Magazine
  25. WWD, August 2013
  26. WWD - http://www.wwd.com/menswear-news/retail-business/swank-to-be-acquired-by-randa-5608700
  27. HFN, March 2010
  28. AlbertThurston.com http://www.albertthurston.com/history2.cfm?catid=1