Harvey Sanders, chairman
and CEO, in commenting on the results said: “In spite of a challenging retail
environment, the demand for Nautica products continues to be very strong, which
is reflected in our sales growth. The company’s first quarter earnings results
reflect the impact of expenses for infrastructure and marketing to launch and
support our new businesses. We are excited about the potential of our new product
lines. Fiscal 2001 will continue to be a year of positioning the Company for
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