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HOW WE BEGAN
RG Barry has grown and changed many times since its founding in 1947.
Our Company's beginnings can be traced to Columbus. OH, housewife and inventor Florence Zacks Melton and the detachable shoulder pads she developed for women's military-style fashions of the time.
Mrs. Melton was visiting the Firestone Tire and Rubber Co. in Akron, OH, in 1947 seeking innovative materials to improve the durability of her shoulder pads. During that visit, she was introduced to foam latex, a material that had been developed during World War II and for which Firestone was seeking commercial uses. While returning home from Akron, Mrs. Melton decided that the best use for foam latex wasn't shoulder pads, it was to walk on. So, using a sample of this soft, cushioned material, she fashioned the world's first foam-soled, soft, washable slipper. In a very short time, demand for her comfortable slippers eclipsed that of shoulder pads making foam-cushioned slippers RG Barry's primary business.
Today, we are a leading developer and marketer of accessory lifestyle brands and products that are functional, fashionable and that touch the lives of consumers. We offer products in three distinct segments of the accessory category – footwear, handbaggs and foot care.
Our products are sold through national chains, mass merchants, warehouse clubs, better and mid-tier department stores, non-promotional independent and specialty retailers, boutiques, catalogs, home shopping networks and online retailers.
The Company has been publicly traded since 1962 and is listed on the NASDAQ Global Market under the trading symbol DFZ. We are consistently among the best-performing public companies in our category.
HISTORICAL TIME LINE
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1940's | 1950's | 1960's | 1970's | 1980's | 1990's | 2000's
1945 Florence Zacks Melton creates a detachable shoulder pad for women's garments.
1947 Partners Harry Streim, Florence and Aaron Zacks form RG Barry. The Company name is derived from the first names of the co-founders' sons: Richard, Gordon and Barry.
1948 RG Barry introduces the world's first foam-cushioned, washable slipper. It is an immediate hit in the notions area of department stores.
1958 Dearfoams® moves slippers from notions departments to first floor hosiery departments, launching what will evolve into the accessory footwear category.
1962 RG Barry becomes a public company.
1964 The Company initiates the use of data processing to enhance business performance.
1965 The Company purchases "boudoir slipper" maker Dot & Peg Productions.
1968 RG Barry, working in conjunction with the University of Michigan, implements a pioneering human resources accounting system. The project runs through 1973.
1969 RG Barry launches a line of slippers in "discount stores"; and acquires Bernardo® sandals, which it operates until 1985.
1971 The Company's first Mexican manufacturing facility opens at Nuevo Laredo. Before exiting all manufacturing in 2004, the Company will expand its Mexican operations to employ several thousand workers at plants in Nuevo Laredo, Ciudad Acuna, Ciudad Juarez and Zacatecas.
1973 Mushrooms® shoes are launched using major market television advertising, a footwear industry first. The pioneering women's comfort footwear brand was sold to U.S. Shoe Corporation in 1982.
1976 RG Barry relocates from its downtown Columbus office and manufacturing facility to a new corporate headquarters in suburban Pickerington.
1979 Net sales top $100 million mark for the first time.
1980 Dearfoams® Warm-Up Boots become one of the top-selling holiday gift items in U.S. department store history.
1982 The Company enters the licensed character products arena with Cabbage Patch Kids® and Care Bear® slippers.
1987 RG Barry begins network television advertising for its Dearfoams® brand. Ensuing holiday campaigns will feature characters including Hollywood legend Zsa Zsa Gabor, British Royal Family lookalikes and dancing store mannequins.
1994 Thermal products maker Vesture Corporation of Asheboro, N.C., is purchased. The Company operates Vesture until its sale in 2003.
1995 RG Barry moves from the American Stock Exchange to the New York Stock Exchange where its common shares will be listed until 2004.
1997 RG Barry celebrates its 50th anniversary and is named Wal-Mart Stores International Soft Lines Vendor of the Year.
1998 The Company's Vesture Corporation subsidiary is awarded patent for its innovative pizza/hot food delivery system.
1999 RG Barry buys French footwear maker Fargeot et Compagnie SA of Thiviers, France. The Company operates Fargeot until its sale in 2007.
2002 The Company opens its first representative sourcing office in Hong Kong.
2004-05 The Company implements a new business model, which includes exiting all manufacturing and under-performing businesses and implementing a flexible sourcing model. As a result, the international Turnaround Management Association recognizes RG Barry as its mid-sized turnaround of the year.
2006 Newly-named President and Chief Executive Officer Greg Tunney leads development of long-range strategic growth plans and institutes an ongoing program of cultural development and enrichment.
2007 The Company launches its proprietary Terrasoles® brand.
2008 Walmart U.S. names the Company its principal supplier of replenishment slippers. Additional customer accolades include: Target Corporation's "Vendor of the Year in Men's Essentials"; Kohl's Corporation "Best in Class-Accessories"; Sears Holding Corporation's coveted "Partners in Progress" award; and Sam's Club "Accessory Vendor of the Quarter." The Company moves its stock listing to the NASDAQ Global Market.
2009 RG Barry's Board of Directors adopts a dividend policy and declares a cash dividend for the first time since 1981.
2010 The Company licenses the Dearfoams® brand to Olivet International, one of the world's leading accessory apparel resources, to develop and market a variety of sleepwear, active wear and accessory products bearing the Dearfoams® name.
2011 RG Barry purchases the assets of Foot Petals, LLC, a privately-owned Long Beach, California-based developer and marketer of premium insoles; and baggallini, Inc,, the suburban Portland, OR, based developer and marketer of incredibly organized, fashionable handbaggs, tote baggs and travel accessories.
2012 The Company exits its leased San Angelo, Texas footwear distribution center, the final legacy of its manufacturing heritage. Footwear distribution is consolidated to a third-party logistics provider in Long Beach, CA.
2013 The Company finalized the acquisition of niche outdoor and travel bag brand KIVA from KIVA Designs, inc.
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