HAMPTON INDUSTRIES INC

HAMPTON INDUSTRIES INC

Previous company name
HAMPTON SHIRT CO INC
Name change date
6/21/1973
Company Overview
The company, formerly known as Hampton Shirt Co., Inc., is primarily engaged in manufacturing and selling of apparel. It is a formerly publicly quoted firm that conducts business from its registered head office located in Kinston, North Carolina.
The company’s products consist mainly of men’s and boys’ shirts and men’s sleepwear, which are produced domestically in central America. It also imports sport and dress shirts, sweaters, activewear, outerwear, and swimtrunks, for both men and boys from unaffiliated sources located in the Far East.
The company predominantly operates in the United States. Its products are sold to a wide range of customers under licensed and company-owned brands.
Business Summary
Hampton Industries, Inc. is engaged in the business of manufacturing and selling apparel. Substantially all sales to third-party customers are made to destinations in the United States. The products consist principally of men’s and boys’ shirts and men’s sleepwear, which are produced domestically and in Central America. In addition, sport and dress shirts, sweaters, activewear, outerwear and swimtrunks for both men and boys are imported from unaffiliated sources located primarily in the Far East. Hampton’s products are principally sold at retail under licensed and Company-owned brands. Hampton designs its line of apparel, which is manufactured from various combinations of man-made and natural fibers that are readily available from a number of sources, both domestically and imported. The Company’s products are sold throughout the United States to approximately 2,360 customers, including national and regional retail chains and department stores.
Description and history
Hampton Industries, Inc. is engaged in the business of manufacturing and selling apparel. Substantially all sales to third-party customers are made to destinations in the United States. The products consist principally of men’s and boys’ shirts and men’s sleepwear, which are produced domestically and in Central America. In addition, sport and dress shirts, sweaters, activewear, outerwear and swimtrunks for both men and boys are imported from unaffiliated sources located primarily in the Far East. Hampton’s products are principally sold at retail under licensed and Company-owned brands.

Branded apparel was a significant part of the Company’s business, and is manufactured and sold under the Nautica for Children (boys’, girl’s and infant’s apparel), Rawlings (men’s activewear) and Dickies (men’s casual and rugged sportshirts) licenses. The Company’s discontinued licenses are Spalding (men’s and boys’ activewear), Justin (men’s western wear), Bugle Boy (men’s and boys’ sleepwear and robes), Joe Boxer (children’s apparel) and Warner Brothers (men’s sleepwear and robes, and children’s robes and novelty apparel). Hampton owns the Kaynee (boys’ and girl’s school uniforms), Le Tigre (men’s and boys’ sportswear), Campus (men’s and boys’ sportswear) and Flipbox (young men’s sportswear) trademarks.

As of April 2, 2001, Hampton has sold the assets of its Nautica Division to Nautica Enterprises, Inc. Prior to this transaction, Hampton received from Nautica a notice of default under its license agreement. In addition, Hampton has a notice of default from Williamson-Dickie Manufacturing Company for its Dickies license.

Hampton designs its line of apparel, which is manufactured from various combinations of man-made and natural fibers that are readily available from a number of sources, both domestically and imported. Hampton has no long-term contracts with any supplier. The average domestic production cycle is approximately five weeks from the time the fabric is scheduled for cutting until the finished product is received at the Company’s distribution centers. The production cycle for goods imported or manufactured in Central America is approximately 10 weeks, while the lead time for goods imported from the Far East can be as long as six months. The Company provides the design and production specifications for imported products to the manufacturers.

The Company’s products are sold throughout the United States to approximately 2,360 customers, including national and regional retail chains and department stores. Hampton’s three largest customers accounted for approximately 24%, 33% and 32% of consolidated sales volume in 2000, 1999 and 1998, respectively. K-Mart, Wal-Mart Stores, Inc. and J.C. Penney Co. are large multi-outlet retail chains that purchase a broad range of Hampton’s products through a variety of their merchandising departments. There are no long-term contracts with these customers for continued business, other than purchase orders already received.

Formerly known as Hampton Shirt Co., Inc

Business Line
Engaged in manufacturing and selling of apparel
Subsidiary

Advisor
DELOITTE & TOUCHE LLP
IPO date

US SIC Code
2321
Company Address
P.O. Box 614
2000, Greenville Highway
City province or state postal code
28502, KINSTON, NC
Phone: +1 252 527 8011
Fax: +1 252 527 3538
Country address: UNITED STATES OF AMERICA
Website url: