COUNTY SEAT AIMS TO ADD 30-40 UNITS ANNUALLY FOR 5 YEARS
WASHINGTON — County Seat Inc., which bills itself as the largest jeanswear specialty retailer in the country, plans to open 30 to 40 stores annually for the next five years, according to a registration statement for an initial public offering filed Friday with the Securities and Exchange Commission.
The Dallas-based company also expects to launch 12 County Seat outlet stores and six Levi’s outlet stores, under license from Levi Strauss & Co., San Francisco, in 1995.
County Seat reported a loss of $7.8 million in 1993 due to intense competition with other retailers of nationally branded jeans and a $4.7 million extraordinary charge related to a notes offering, the filing said.
Operations improved significantly in the fourth quarter of 1993, and the company expects to report a profit this year, Ed Tomechko, vice president and treasurer of County Seat, said.
— Fairchild News Service