Angelica Reports Improved Fourth Quarter And Fiscal Year 2001 Results
The Angelica Corporation has announced improved results for the fourth quarter and fiscal year ended January 27, 2001.

Fourth quarter earnings of $.14 per share were 40.0 per cent ahead of the $.10 per share earned in the same quarter last year, and full year earnings of $.76 per share were 24.6 per cent higher than the $.61 per share earned in the prior year.

In fiscal 2001, combined sales and textile service revenues were $458.6m compared with $468.4m in the prior year, a decrease of 2.1 per cent. Net income of $6.6m for the year increased 24.9 per cent over net income of $5.3m in the prior year.

For the fourth quarter of fiscal 2001, combined sales and textile service revenues of $113.2m were 2.4 per cent higher than the $110.5m in the same quarter last year, as all three operating segments achieved top-line gains in the quarter. Net income in the quarter was $1.2m versus $836,000 last year, an increase of 44.5 per cent.

Commenting on the year just ended, Don W Hubble, chairman, president and chief executive officer of Angelica said: "We continued to rebuild our foundation in fiscal 2001, but did not accomplish as much as we had intended in certain operating areas of our company."

Hot Topic Inc Reports Fourth-Quarter EPS Increase Of 33 Per Cent To A Record 48 Cents Per Diluted Share
Hot Topic Inc, a mall-based specialty retailer of music-licensed and music-influenced apparel, accessories and gift items for teens, reported record results for both the fourth quarter (14 weeks) and the 2000 fiscal year (53 weeks) ended February 3, 2001.

Net income in the fourth quarter increased to $10.4m or 51 cents per basic share and 48 cents per diluted share from $7,4m or 40 cents per basic share and 36 cents per diluted share for the fourth quarter of the last fiscal year. Net sales for the fourth quarter increased 48 per cent to $88.4m from $59.9m for the fourth quarter of fiscal 1999.

For the fiscal year ended February 3, 2001, net income increased to $23.2m or $1.18 per basic share and $1.09 per diluted share from $13.5m or 73 cents per basic share and 69 cents per diluted share for fiscal 1999. Net sales for fiscal 2000 were $257.2m, an increase of 52 per cent from net sales of $168.9m for fiscal 1999.

Betsy McLaughlin, president and chief executive officer, said: "2000 was a terrific year, with earnings per diluted share increasing 58 per cent. The strong 16.7 per cent comparable store performance, against the difficult comparisons of 1999, demonstrates our ability to produce consistent results."

Urban Outfitters Reports Fourth Quarter and Annual Results
Urban Outfitters Inc has announced sales and earnings for the fourth quarter and the fiscal year ended January 31, 2001.

Net sales for the quarter were up 13 per cent to $85.6m from $75.4m for the comparable quarter last year.

Net sales for the twelve months ended January 31, 2001 were up 6 per cent to $295.3m versus $278.1m during the same twelve months in the prior year.

Comparable store sales for the twelve months of fiscal 2001 decreased 7 per cent in contrast with last year's 10 per cent comparable store sales gain for the same period.

Net income for the quarter was $3.4m or $0.20 per diluted share versus $5.5m or $0.31 per diluted share for the comparable quarter last year. Net income for the twelve months ended January 31, 2001 was $10.5m or $0.61 per diluted share versus $18.7m or $1.05 per diluted share for the comparable period last year.

Everlast Worldwide Inc. Reports Record Results for 2000
Everlast Worldwide Inc, manufacturer, marketer and licensor of sporting goods and apparel, has reported operating results for the fourth quarter and year ended December 31, 2000.

Net sales for the year grew more than 50 per cent to a record high $36.9m, as compared to $24.5m reported in 1999.

Gross profit rose 36.0 per cent to $13.4m from $9.9m last year. Gross profit as a percentage of net sales was 36.4 per cent compared with 40.4 per cent in 1999.

For the year, operating income advanced 105.4 per cent to $2.9m from $1.4m in 1999. Net income grew 75.2 per cent to $1.4m, or $.52 per share, compared with $816,152, or $.31 per share, in 1999.

For the fourth quarter, net sales advanced 64.5 per cent to $11.6m, compared to $7.1m in the fourth quarter of 1999.

Gross profit was $3.5m in the fourth quarter of 2000, an increase of 31.8 per cent from $2.6m in the corresponding period last year. Gross profit as a percentage of sales was 29.7 per cent in the fourth quarter compared to 37.1 per cent for last year's fourth quarter.

For the fourth quarter, operating income increased 101.8 per cent to $421,645 from $208,933 last year. For the quarter, Everlast Worldwide posted a net loss of $4,169, or $.01 per share, compared with net income of $119,812, or $.05 per share, for the same period a year ago.

Tefron Ltd. Reports Fourth Quarter, Year-End Results
Tefron Ltd, producer of seamless intimate apparel, has announced financial results for the full year and fourth quarter ended December 31, 2000.

Sales for the full year ended December 31, 2000 rose 74 per cent to $223.6m compared to $128.8m for 1999.

Excluding Alba-Waldensian, Tefron's sales grew 17 per cent to $150.7m from $128.8m in 1999.

Operating income was $3.5m compared to an operating income of $11.1m for 1999.

Net loss for the period was $4.5m or $0.36 per share (diluted) compared to a net income of $8.0m or $0.64 per share (diluted) last year.

Sales for the fourth quarter of 2000 were $49.2m compared to $40.8m for the fourth quarter of 1999. The company incurred a $10.4m operating loss for the quarter compared to an operating income of $4.3m for the fourth quarter of 1999.

Net loss for the fourth quarter of 2000 was $9.5m or $0.76 per share (diluted) compared to net income of $3.1m, or $0.25 per share (diluted) for the same period last year.

Tefron anticipates sales for its first quarter of 2001 to be slightly above $40m and its loss for the quarter to be $0.38 -$0.42 cent per share. The company expects to see improving sales and a further decline in losses in second quarter of 2001 with a return to profitability toward latter part of 2001. Cash flow from operations is expected to remain positive even through the first half of the year.

ShopKo Stores Inc Reports Fiscal Year 2000
ShopKo Stores Inc has announced sales and earnings for the fourth quarter (14-week period) and fiscal year 2000 (53-week period), both of which ended February 3, 2001.

Fourth quarter diluted earnings per share were $1.04 when compared to $1.74 for the prior year. Fiscal year 2000 diluted earnings per share were $1.14 compared to $2.67 for the prior year.

Net sales for the 14-week fourth quarter increased 10.4 per cent to $1.13bn, compared with $1.03bn for the 13-week prior year period.

Comparable store sales for the 13-week period ended January 27, 2001,decreased 0.2 per cent compared to a 3.9 per cent increase for the prior year period. Including non-comparable items, the fourth quarter resulted in a net loss of $47.3m, or a loss of $1.65 per share, compared to net earnings of $49.4m last year.

Net sales for full fiscal year increased 15.4 per cent to $3.52bn, compared with $3.05bn for last year. Comparable store sales for the 52-week period ended January 27, 2001,increased 0.7 per cent compared to a 6.2 per cent increase in the prior year.

Including non-comparable items, the year ended February 3, 2001 resulted in a net loss of $15.8m, or a loss of $0.55 per share, compared to net earnings of $102.2m for the prior year.

"Clearly this was a challenging year for the ShopKo team and suffice to say the results are unsatisfactory," said chairman, president and CEO William J Podany.

Consolidated gross margin, as a per cent of sales for the 14-weeks was 24.3 per cent compared to 27.4 per cent for the 13-weeks last year. ShopKo retail gross margin as a per cent of sales was 24.5 per cent compared to 27.4 per cent last year.

Consolidated sales for the 53-week period ended February 3, 2001 were $3.52bn compared with $3.05bn for the 52-week period ended January 29, 2000.

Consolidated gross margin, as a per cent of sales for the 53 weeks ended February 3, 2001 was 24.9 per cent compared with 25.9 per cent for the 52 weeks ended January 29, 2000

Gerber Childrenswear Inc Announces Fourth Quarter And 2000 Year End Results
Gerber Childrenswear Inc has announced financial results for the fourth quarter and full year ended December 31, 2000.

For the fourth quarter of 2000, net sales were $69.0m compared to $72.5m reported for the fourth quarter last year. Operating income for the period was $8.1m versus $6.6m in the comparable period last year.

Net income for the quarter was $5.2m, or $0.26 per diluted share, compared to net income of $4.3m, or $0.22 per diluted share, in the fourth quarter of 1999.

For the year ended December 31, 2000, net sales were $258.2m compared to $277.7m in the same period a year ago. Operating income was $25.4m compared to $26.4m in 1999. Net income was $16.5m, or $0.83 per diluted share, compared to net income of $15.7m, or $0.79 per diluted share, in the comparable period last year.

Edward Kittredge, chairman and chief executive officer, said: "We are very pleased that we continue to improve our business and achieve consistent profitability, as evidenced by the increase in fourth quarter earnings per diluted share. While top line growth remained slow during the quarter, we were able to successfully mitigate the impact of soft sales by reducing costs across the board."

Cache Announces Results For The Year Ended December 30, 2000
Cache Inc, a specialty chain of women's apparel stores, reported results for the fifty-two and thirteen week periods ended December 30, 2000.

Net sales increased $15.1m or 9.4 per cent and $3.2m or 6.2 per cent respectively, during the fifty-two and thirteen week periods ended December 30, 2000, as compared to the same periods in fiscal 1999. Same store sales increased approximately 3 per cent for the fifty-two week and 2 per cent for the thirteen week periods, as compared to fiscal 1999.

Net income decreased to $1.1m or $0.12 per share for the 52 week period in fiscal 2000 from $4.0m or $0.43 per share for the fiscal 1999 period. Net income decreased to $1.0m or $0.11 per share for the 13 week period in fiscal 2000, from $2.6m or $0.27 per share for the fiscal 1999 period.

Liz Claiborne Inc Announces Regular Quarterly Cash Dividend
Liz Claiborne Inc has announced that the board of directors has declared a regular cash dividend on the company's common stock at the rate of $0.1125 per share to be paid on June 8, 2001 to stockholders of record at the close of business on May 18, 2001.

The declaration of any future dividends will be subject to the company's earnings, financial position, capital requirements and other relevant factors.