Converse shoes stock market

Converse shoes stock market

Posted: PaLyCH On: 23.06.2017

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converse shoes stock market

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Join Today Already a member? Key Data Use of Proceeds Competitors. Company Overview Company Name CONVERSE INC Company Address ONE HIGH STREET NORTH ANDOVER, MA Company Phone Company Website www.

We may also use a portion of the net proceeds to acquire complementary businesses. However, we have no specific plans, agreements or commitments to engage in any acquisition at this time. Our management retains broad discretion in determining the use of the net proceeds remaining after the repayment of our series A preferred stock and the repayment of borrowings under our revolving credit facility.

Pending use of the net proceeds as discussed above, we intend to invest these funds in short-term, interest-bearing, investment-grade obligations. Our revolving credit facility bears interest at a eurodollar rate plus 2. This facility matures on May 8, ; however unless we or our lender provide 60 days written notice to the other party, the facility will be renewed for successive one year terms thereafter.

The global athletic footwear and apparel industry is highly competitive, and the recent slowing of sales growth has increased competition.

The global athletic footwear market is highly concentrated, with adidas, Nike and Reebok constituting a majority of the market.

This is Nike's secret weapon: Converse - Apr. 8,

Each of these three companies has substantially greater financial, distribution and marketing resources. A number of other footwear and apparel companies compete for market share in the athletic footwear industry. The global athletic apparel market is more fragmented than the footwear industry, but the market leaders include adidas, Nike, and Reebok. In our industry, the main areas of competition include: No assurance can be provided that we will be able to retain or increase our market share or respond to changing consumer preferences.

Company Description Converse is a designer, distributor and marketer of high performance and casual athletic footwear and apparel for men, women and children. We believe the Converse brand is one of the most recognized sports brands in the world. Converse has built a reputation as "America's Original Sports.

converse shoes stock market

Company" TM and has been associated with a rich heritage of legendary shoes such as the Chuck Taylor R All Star R. We believe that the All Star is the best selling athletic shoe in history with hundreds of millions of pairs sold worldwide. Our brand appeals to consumers of both performance and casual sports products, which creates opportunities for us to market a broad range of products across a wide demographic base. We design and market athletic footwear products in three primary categories: Our sports classics footwear category includes the Chuck Taylor All Star, the Jack Purcell R tennis shoe, the One Star R court shoe and other authentic heritage products.

Our sports performance footwear category currently focuses on basketball, while our sports lifestyle products appeal to trend-conscious consumers seeking casual footwear.

We sell our products in over 12, athletic specialty, sporting goods, specialty, department and national chain stores across the United States and Canada, and through 43 licensees in over countries.

Since its founding in by Marquis Mills Converse, the Converse brand has developed a reputation for athletic excellence and innovation.

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Converse has been at the forefront of athletic footwear since it introduced the first performance basketball shoe, the All Star, in Other milestones in the development of the brand include the introduction of the Jack Purcell tennis shoe in , the Pro Leather in and the One Star in Many legendary athletes have excelled in their sports wearing Converse footwear, including Julius Erving, Wilt Chamberlain and Lou Brock.

The former owner of the Converse brand, CVEO Corporation, or CVEO, filed for bankruptcy protection in January We believe that CVEO's ability to develop and grow the Converse brand profitably was hampered by the high unit costs of its U. In April , we acquired certain assets of CVEO, including the Converse name and trademarks, in a bankruptcy auction. We did not acquire CVEO's executive management, manufacturing operations, international operating subsidiaries or retail operations.

Since the asset acquisition, our management team has taken steps to enhance Converse's brand image, build an infrastructure with capacity to support profitable growth and reestablish Converse as a leading multi-category sports footwear and apparel brand. Key elements of our business platform include: The IPO profiles may contain historical records. Please visit the latest IPOs for the most recent information. Incorporated Transfer Agent EquiServe Trust Company, N.

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