As expansion efforts increased, so did The Buckle's financial leverage. And in The Buckle opened an additional six new outlets, while also beginning to alter its product mix with the inclusion of more higher-end clothing items. In The Buckle got a new look, with redesigned store layouts, enhanced lighting arrays, and new fixtures that presented a more modern, forward-looking attitude.
Beginning a five-year renovation schedule to update its older stores to appeal to savvy college-aged consumers, each of the company's newest outlets would boast this new look. A special buying opportunity with one of The Buckle's suppliers helped stock the company's newly designed retail spaces with fresh merchandise, while also contributing to net income by providing the opportunity for a higher-than-usual initial price markup.
Continuing its steady policy of expansion, the company opened new stores and beefed up the sales in existing stores. While newer Buckle locations tended toward higher-end malls that commanded higher costs of occupancy, this increased overhead was largely absorbed by corresponding increases in sales and prices.
In tandem with its expansion, the company worked to streamline record-keeping and scheduling, refining its centralized system to increase efficiency among its many outlets and decrease managerial overhead. The decision to sell its internal Buckle credit card business to the Omaha-based First Credit Service Center in unburdened the company of the headaches associated with the delinquent portion of its accounts receivable balance, although the company would reintroduce a private label credit card in fiscal The Buckle invested in a new computer system during that further offset the increasing administrative and managerial functions required of such a large-scale operation.
In The Buckle operated 45 stores in the north-central Midwest. Part of the reason for the company's successful expansion was the changing consumer market. Heading into the s, young men, who had for years relied on blue jeans, T-shirts, and flannel shirts to get them through their college years, were becoming increasingly clued in to fashion.
The color palette for menswear blossomed, expanding well beyond the traditional somber hues of navy, forest green and burgundy, and introducing even lavenders and pinks into men's closets.
And styles--several layers of coordinating, oversized garments--also dictated an increased demand for menswear. The Buckle's trend of retailing the increasingly popular, and increasingly higher-end, denims and shirts would help boost its annual sales per square foot of retail space 5. By the end of fiscal The Buckle had 5 million shares of stock outstanding, privately held.
In early the company decided to undertake its first public offering, presenting an additional 1. With 89 stores then in operation, the company used the funds generated from the sale of stock to fund further expansion and continue the final three years of its existing store remodeling program. The year welcomed the addition of 18 new Buckle outlets and an expanded market area that now included Tennessee, Ohio, Michigan, and Texas.
The company also started its "Buckle Kids" line for younger customers, giving each store a more family-friendly orientation. Store openings also rose, with 27 new Buckle outlets opening for business in and an additional 16 during October witnessed the unveiling of the Buckle's "Primo Card," a frequent-shopper program that rewarded loyal customers with percentage-off savings.
Unlike others in the retail fashion industry, The Buckle reported a strong Christmas in , with sales up 7 percent over the five-week holiday shopping season. Advancements made during that year included the opening of 17 new outlets and The Buckle's inclusion as one of Forbes magazine's "World's Best Small Companies in America.
By , in addition to opening 14 stores and incorporating the state of Wyoming within its growing market area, The Buckle had renovated the last of its existing stores.
The Buckle, Inc. NYSE: BKE is a leading retailer of medium to better—priced casual apparel, footwear, and accessories for fashion—conscious young men and women. The Company currently operates over stores in 42 states, under the names Buckle and The Buckle. Buckle is a US-based clothing retailer founded in that features modern fashion styles for young men and women. Buckles maintains a strong commitment to ethical sourcing and manufacturing and primarily makes their clothes domestically in the US as well as offshores in China.
A buckle bunny is a sort of rodeo groupie, a woman who seeks out rodeo performers who excel in competition. While male versions of the buckle bunny undoubtedly exist, women tend to dominate the rodeo groupie community. After recently announced closings are complete, stores are expected to remain — for now. Elena Awdyukoff Professional. Is Bed Bath and Beyond closing ? Junaid Toenessen Explainer. What is the starting pay at Buckle?
How much does Buckle in the United States pay? Koen Behteev Explainer. Does buckle sell true religion? Buckle might make more sense. Buckle stores sell not only Buckle -made jeans, but a range of other brands as well, including True Religion. Buckle currently operates around stores, all of them located in the U. True Religion runs about stores in the U.
Gerry Garasa Explainer. Is there a buckle outlet store? Vilson Chukhnin Pundit. How much do you get paid at the buckle? Atanas Gallbronner Pundit. Which Bed Bath and Beyond is closing? Chino Hills: Peyton Drive. Shelton: Bridgeport Ave. District of Columbia. Washington D. Tampa: Citrus Plaza Drive. Honolulu: Ala Moana Blvd.
Senaida Costa Pundit. Is buckle a good brand? Minghao Benfield Pundit.
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