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Our corporate mission is to be the No. 1 global accessory footwear company!Corporate InformationR.G. Barry Corporation (NASDAQ: DFZ), the Dearfoams® company, is among the world's leading developers and marketers of accessory footwear, a category that encompasses slippers, sandals, hybrid and active fashion footwear, slipper socks and hosiery. For the fiscal year ending June 30, 2007, the Company reported earnings of $25.1 million or $2.40 per diluted share on net sales of $105.3 million. Products and ChannelsOur growing family of accessory footwear brands includes:
The Dearfoams® company's products are sold worldwide through premier, traditional, promotional and national chain department stores, discount stores, warehouse clubs, outdoor stores, independent and specialty retailers, boutiques, supermarkets, catalogs and Internet retailers. R.G. Barry Corporation also supplies some of North America's leading retailers with footwear under their own private labels. BackgroundR.G. Barry Corporation has grown and changed many times since its founding in the 1940s as a maker of detachable shoulder pads for women's clothing. The Company introduced Angel Treads®, the world's first foam-soled, soft, washable slipper in 1947, and 10 years later, it literally created the accessory footwear business with its introduction of Dearfoams® slippers to department store hosiery and accessory departments. In 2005, R.G. Barry Corporation reestablished its position of industry leadership with the completion of a successful 2-year turnaround of its business. The reinvention of our business included exiting our manufacturing operations, implementing a flexible business and sourcing model; restoring financial stability and profitability; reducing operating costs; strengthening the senior management team; and developing and implementing a long-term growth strategy. The Turnaround Management Association, an international organization of business turnaround specialists, named R.G. Barry Corporation its 2006 mid-sized turnaround of the year, and our success story has been reported on by numerous financial, trade and general publications including Time magazine (6/4/2007). As a category leader, R.G. Barry Corporation excels at many of the core competencies necessary for success in the accessory footwear business. The leveraging of these strengths is a key element in our growth plan. Among our strengths are:
Beyond organic growth and taking market share from competitors within our existing businesses, the Company has developed a long-term growth strategy that focuses on:
This strategy is guided by a set of well-defined internal controls that include maximum investment guidelines, minimum internal rates of return and ROI benchmarks, and the development of appropriate exit strategies for all new initiatives. The business framework under which the Company now operates focuses on three main goals:
At the real heart of our strategies for success are many of the values, beliefs and behaviors that our team members strive to exercise in both their business and personal lives. These values include:
Company LeadershipGreg A. Tunney, Chief Executive Officer, President Mr. Tunney, 46, joined R.G. Barry Corporation in February 2006 and is the principal architect of the Company's current growth strategy. He is the former president and chief operating officer of the Phoenix Footwear Group Inc., and prior to that role, he was vice president & national sales manager with Brown Shoe Co. and a merchandizing executive for May Department Store Co. Greg is a graduate of Brigham Young University and of Harvard University's Executive Management Program. Daniel D. Viren, Chief Financial Officer, Senior VP Finance Mr. Viren, 61, first joined the Company in 1988 as vice president controller. Prior to joining R.G. Barry, he worked in public accounting where his last position was as an audit partner with Peat Marwick Main & Co. In 1998, Dan left R.G. Barry to become CFO and member of the board of directors at Metatec International, a high-tech information firm. He returned to the Company and assumed his current role in 2000. Dan is a graduate of St. Ambrose College and a is a CPA. Pam Gentile, Senior VP Sales and Brand President, Dearfoams Ms. Gentile, 47, most recently senior vice president sales - national accounts, has held a variety of marketing and sales positions during a 20-plus year career with R.G. Barry, including national account manager for the Company's Wal-Mart business. Prior to joining the Dearfoams company, Pam held management positions with the Express division of The Limited and Lazarus Department Stores. Thomas JZ Konecki, Senior VP Sales, Licensing & Business Development Mr. Konecki, 52, joined the Company in May 2006. He is the former president of the H.S. Trask & Co. division and a corporate vice president of the Phoenix Footwear Group, Inc. Tom also has held senior executive positions at the Born Division of H.H. Brown, Work'n Gear/Casual Male Inc. and G.H. Bass. He is a graduate of Bates College, Lewiston, ME. Glenn Evans, Senior VP Sourcing Mr. Evans, 46, has filled numerous functional-level management roles in his 20 years with R.G. Barry, including vice president engineering, vice president design and product development and vice president technology. Prior to joining the Company, Glenn was in manufacturing management and engineering with Square D Company. He is an industrial engineering graduate of The Ohio State University. Lee F. Smith, Senior VP Design & Product Development Mr. Smith, 45, joined the Company in December 2006. He is the former president of Pacific Footwear Services, a California-based footwear development business. He also is the former president of Pacific Brands, a footwear brand management company, and the former president of Airwalk, a branded supplier of footwear, apparel, accessories and hard goods. Lee is a graduate of the University of Colorado. José G. Ibarra, VP Treasurer Mr. Ibarra, 48, has filled numerous finance-related positions during his almost 20 year career with R.G. Barry, including vice president corporate controller, director of finance for R.G. Barry International and internal audit manager for the corporation. Previously, José held internal audit management positions with Philip Morris Management Inc. in Latin America and with Ernst & Young, LLP in the southwestern U.S. He is CPA and holds an undergraduate degree in accounting and a graduate degree in international trade from Texas A&M International University. Yvonne Kalucis, VP Human Resources Ms. Kalucis, 43, joined the Company in October 2007. She most recently served as director of human resources for Limited Brands. During an 11 years with the Limited, she held several senior-level HR positions. Yvonne began her human resource career with Revco Drug Stores. Prior to that, she managed retail stores including The Gap and Casual Corner. Yvonne received her Bachelor of Science degree from The Ohio State University and her Juris Doctor degree from Cleveland-Marshall College of Law. LocationsR.G. Barry Corporation is headquartered in the Columbus suburb of Pickerington. The company has administrative and/or sales offices in New York, Hong Kong and Bentonville, Arkansas; and a company-operated distribution facility in San Angelo, Texas. WebsitesTo learn more about R.G. Barry Corporation, the Dearfoams® company, visit us at www.rgbarry.com or www.dearfoams.com. Contact
Roy Youst, Director Corporate Communications & Investor Relations, R.G. Barry Corporation DFZ Trading InformationR.G. Barry Corporation has been a publicly traded company since 1962. Our common shares are primarily traded on The NASDAQ Global Stock Market under the symbol DFZ. |