US apparel designer Nitches, Inc. has posted consolidated net sales of $35.4 million for the first quarter of fiscal 2007, ended November 30— 141% higher than the $14.7 million reported for the first quarter of 2006. The increase was attributed to acquisitions and organic growth. Current period sales included full period results for Designer Intimates, which was acquired in October 2005 and included for only 37 days in the prior period.
Consolidated net income reached $1.309 million for the first quarter versus $520,000 in the prior year.
Nitches women's product lines include sleepwear and loungewear by Body Drama, women's western wear and outerwear by Adobe Rose, Saguaro and Southwest Canyon. The company's menswear offerings include Nat Nast swimwear and graphic t-shirts, Dockers swimwear and graphic t-shirts, Newport Blue casual lifestyle clothing, The Skins Game golf apparel, and ZOIC performance cycling apparel. The company's Designer Intimates subsidiary markets sleepwear, robes, loungewear, and daywear under brands such as Gossard, Princesse tam tam, Anne Lewin, Dockers and Claire Murray.
Headquartered in San Diego, California, the company has offices in Los Angeles, New York City, Atlanta, Hong Kong and Istanbul.
