| Proposed Ticker: CWK | 35 United Drive | |
| Exchange: New York Stock Exchange | West Bridgewater, Massachusetts 02379 | |
| Industry: Retail | (508) 583-8110 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 5/24/96 | |
| U.S. Shares Filed: | 9,260,000 | Filing Range: | $16.00 - $18.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $157,420,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 9,260,000 | Shs Out After: | 15,178,847 | |
| Spin out parent firm: | The TJX Companies, Inc. | |||
| Manager | Tier | Phone |
| Salomon Brothers Inc. | Lead Manager | (212) 783-2947 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-1172 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 1/27/96 | 4/27/96 | 4/29/95 | 4/27/96 | ||
| Revenue: | $465.60 | $132.00 | $116.61 | Assets: | $199.65 |
| Net Income: | $8.34 | $6.70 | $2.12 | Liabilities: | $136.28 |
| EPS: | Equity: | $63.37 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a Delaware based holding company formed to acquire and own TJX Cos.'s women's fashion off-price catalog unit. The Company offers a broad selection of high quality branded and private label apparel at prices typically 25% to 50% below the regular prices of department and specialty retail stores. The Company believes that it has developed a strong and unique franchise and a well recognized brand name by consistently delivering exceptional value while satisfying its customers' wardrobe needs for a career, casual and social wear, all in a broad selection of colors, styles and sizes. Chadwick's believes that its success in executing this merchandising strategy is the result of its thorough understanding of the Company's target customer, extensive off-price merchandising experience, powerful catalog presentation, strong product development and worldwide sourcing capabilities. As a result, Chadwicks's has increased sales at a compound annual growth rate of 28.0%, from $173.4 million in 1991 to $465.6 million in 1995. |
| Use of Proceeds |
| Proceeds from the proposed offering will be distributed to selling shareholders. |
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