Randa Apparel & Accessories
 | This article contains content that is written like an advertisement. (August 2022) |
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| Company type | Private company |
|---|---|
| Founded | 1910 |
| Products | Clothing, footwear, neckwear, jewelry, accessories, leather goods |
Number of employees | 2,000 |
| Website | randa |
Randa Apparel & Accessories is a manufacturer, distributor, and marketer of clothing, footwear, neckwear, jewelry, accessories, and leather goods.
The founder's family had been in the neckwear business since 1910 and the current company was incorporated in 1935. Through the company's Haggar Clothing Co. and Tribal divisions, Randa distributes men's and women's clothing.
Randa is a privately owned company. 2019 sales exceeded $1 billion.[1][2][3]
In 1938, Haggar created the first ready-to-wear, finished bottom, pre-cuffed pant. During World War II, the company supplied over 10 million uniforms to the U.S. military. In 1980, the company began production of sport coats, vests, and Haggar "Custom Fit" suits.[citation needed]
Haggar has over 30 branded brick-and-mortar retail locations and a direct-to-consumer e-commerce platform. Randa sells its products via direct-to-consumer channels including QVC, Amazon.com, JCP.com, Kohls.com, Macys.com, Haggar.com, TrafalgarStore.com, Nordstrom.com, Zappos.com, and eBags.com.
Offices[edit]
The company employees over 2,000 associates worldwide.
- Randa has 27 offices in 12 countries.
- Randa US Offices are located in New York City, NY; Chicago, IL; New Orleans, LA; Dallas, TX, Fort Worth, TX; and Reno, NV. In January 2013, Randa Accessories consolidated its New York City offices into a new headquarters at 417 Fifth Avenue.
- Randa International offices are located in Canada, Mexico, Guatemala, the United Kingdom, India, South Africa, Australia, and China.
- Randa Apparel & Accessories has sourcing facilities located in Shanghai, Zhejiang Province, Fujian Province and; Guatemala City, Guatemala
- North American distribution facilities are located in New Orleans, LA; Reno, NV; Fort Worth, TX; and Mississauga, Ontario.
Randa design centers are located in New York City, USA; Dallas, USA; Montreal, Canada; London, England; Chicago, USA; Guatemala City, Guatemala; Cape Town, South Africa and Shanghai, China.
Brands[edit]
Randa produces and distributes products under license from many brands including: Levi's, Dockers, Tommy Bahama, Kenneth Cole, Tommy Hilfiger, Calvin Klein, Ben Sherman, Chaps, Columbia Sportswear Company, Dickies, Cole Haan, Guess!, Hanesbrands, Haggar Clothing, Tribal Fashion, and Jessica Simpson.
Randa also owns and markets brands including Haggar Clothing, Tribal, Exact Fit, Swank, Countess Mara, Mustang, Louis Raphael, and Damen+Hastings.
Randa Accessories partnered with Ryan Seacrest to create the "Ryan Seacrest Distinction" brand for apparel and accessories.[4]
History and timeline[edit]
Randa Accessories began as the Spiegel Neckwear company in 1910.[citation needed]
- 1910, Spiegel family enters the neckwear business from the Lower East Side of Manhattan, New York City, NY
- 1935, Randa Neckwear is founded by Rosenberg and Apakater
- 1965, Herbert Spiegel acquires Randa Neckwear
- 1985, Established Randa International, S.r.L., Design Center – Como, Italy
- 1993, Acquired Woodstock Neckwear Ltd. London, UK
- 1995, Acquired Randa Canada (formerly Forsythe Neckwear) Mississauga, Ontario
- 1997, Acquired WEMCO – New Orleans, LA
- 1998, Acquired Countess Mara – New York City, NY
- 1999, Established Randa Shanghai -Shanghai, China
- 2001, Acquired Humphreys Accessories – Chicago, IL
- 2002, Established Randa Shanghai – Shengzhou, China
- 2002, Established MCG: Market Connect Group – Chalfont, PA
- 2002, Established Ransal – Melbourne, Australia
- 2002, Established Randa UK, Ltd. – London, UK
- 2003, Acquired Trafalgar Company – Norwalk, CT
- 2005, Established Wembley (Pty) Ltd. – Johannesburg, South Africa
- 2006, Established Humphreys Far East- Xiamen, China
- 2007, Acquired Badanco Luggage – Totowa, NJ
- 2007, Partners in Progress Award April 2008 (Ontario, Canada)
- 2008, Established Randa Luggage, UK – London, UK
- 2008, Partner of the Year award August 2008 (New York, NY)
- 2009, Established Randa Logistics, Reno, Nevada.
- 2009, Named one of New Orleans "best places to work"
- 2010, Established Randa Luggage Headquarters in Bloomfield, New Jersey
- 2010, Randa Accessories celebrates its 100th anniversary
- 2010, Mayor Richard M. Daley and the City of Chicago issue a proclamation honoring Randa's 100th anniversary
- 2010, MCG Headquarters moved to new facilities in Bloomfield, NJ
- 2011, Randa Accessories opens new facility in Rosemont, IL
- 2012, Trafalgar Leather Goods 40th Anniversary New York City, NY
- 2012, Randa signs Jonathan Adler license for neckwear[5]
- 2012, Randa to acquire Swank, Inc.[6]
- 2012, Randa completes its acquisition of Swank on May 17, 2012 [7]
- 2012, Randa makes strategic and financial investment in Accesorios Globales S.A. (Tata)[8]
- 2013, Randa Accessories consolidated its New York City offices into a new headquarters at 417 Fifth Avenue.[9]
- 2013, Randa makes strategic and financial investment in Equator S.A. opening two additional offices in South Africa
- 2013, Randa announces $25 million investment in infrastructure[10]
- 2014, Randa opens a new 530,000 sq. ft. (49,200 m2) logistics center in Reno, Nevada
- 2014, Randa partners with Ryan Seacrest to create the Ryan Seacrest Distinction brand for apparel & accessories.[11]
- 2015, "Randa Logistics Center receives LEED Gold Certification at Tahoe-Reno Industrial Center."[12]
- 2015, Randa rebrands itself as "Randa: Leading With Accessories."
- 2015, Randa opens "Belt Lab" to grow worldwide market by 30%.[13]
- 2016, Randa acquires the operations of R&S Sales and becomes the largest supplier of seasonal footwear.[14]
- 2017, Randa creates "Randa Digital Labs" to leverage emerging digital information and technology.[15]
- 2018, Randa submits offer to acquire Perry Ellis International[16]
- 2019, Randa's in-store service division, MCG: Market Connect Group, acquires Merchandise Management Company (MMC).[17]
- 2019, Randa expands its belt factory Accesorios Globales S.A. (Tata) to a production capacity of 18 million units per year.[18]
- 2019, Randa acquires the Haggar Clothing Co.[19]
- 2019, Randa acquires Tribal Fashion, a leading women's sportswear company.
- 2020, Randa to Sell MCG: Market Connect Group to Winston Retail.[20]
- 2020, Randa sells Trafalgar Leather Goods to Phoenix Leather Goods [21]
- 2020, Randa acquires Technology Assets of Bombfell [22]
- 2020, Randa rebrands as "Randa Apparel Accessories."
Distribution and logistics[edit]
Randa Accessories has over 1 million square feet of modern distribution space located near New Orleans, New York City, Reno, Fort Worth, Edinburgh, Melbourne, Johannesburg, Toronto, and others. Together, these facilities have capacity to ship more than 100 million units and 1 million consumer direct shipments annually.[23][24] In 2013 and 2014, the company announced investments of $25 million in its logistic's infrastructure.[25] An additional $25 million logistics and IT investment was made in 2016 and 2017.
Swank, Inc.[edit]
Swank was founded in 1897 and is engaged in the importation, sale and distribution of men's and women's belts and men's leather accessories, suspenders, and jewellery. Swank also distributes men's jewelry and leather items to retailers under private labels.
Swank, Inc. (formerly publicly traded as "SNKI") was acquired by Randa Accessories on May 17, 2012, and taken private.[26]
Market Connect Group[edit]
Originally servicing Randa's internal requirements for in-store merchandising, Randa purchased Market Connect Group (MCG) in 2002. MCG provides in-store demonstrations, replenishment, brand ambassadors, and other services. HFN, the journal of the housewares industry, reported that MCG conducted over 20,000 in-store demonstrations in 2013.[27]
Trafalgar men's accessories[edit]
Trafalgar was founded in 1972 in Norwalk, Connecticut, as a luxury manufacturer of men's belts and suspenders. Randa acquired Trafalgar in 2003.
Many patterns were designed by Albert Thurston. In 1820, five years before Nelson's Column was built (to celebrate his life and death on October 21, 1805, at the Battle of Trafalgar) braces and suspenders were first made and sold by Albert Thurston from his emporium at 27 Panton Street, Haymarket, London.[28]
Tribal[edit]
Tribal was founded in 1971 with over 2,400 active accounts.[citation needed]
References[edit]
- ^ 2012 SEC.GOV report https://www.sec.gov/Archives/edgar/data/869487/000117184312001059/exh_991.htm
- ^ Randa 2013 Corporate Overview and Web Site
- ^ PRNewswire, May 7, 2019, https://www.prnewswire.com/news-releases/randa-accessories-to-acquire-haggar-clothing-co-300845532.html
- ^ Wall Street Journal, Feb 11, 2014
- ^ WWD - February 2, 2012
- ^ Morningstar News Wire
- ^ MarketWire
- ^ MR Magazine
- ^ MR Magazine "Randa moving its headquarters across Midtown in January". Archived from the original on January 29, 2013. Retrieved January 2, 2013.
- ^ WWD August 2, 2013
- ^ Wall Street Journal, Feb 11 & Feb 12, WSJ
- ^ WWD April 30, 2015
- ^ WWD, June 5, 2015
- ^ WWD, April 7, 2016
- ^ WWD, August 4, 2017
- ^ Reuters, July 2, 2018
- ^ MR Magazine, March 1, 2019
- ^ WWD, March 14, 2019
- ^ WWD, May 7, 2019
- ^ MR, January 13, 2020
- ^ Press Release, September 12, 2020
- ^ WWD October 9, 2020
- ^ MRket Magazine, August 2013
- ^ MRket Magazine
- ^ WWD, August 2013
- ^ WWD - http://www.wwd.com/menswear-news/retail-business/swank-to-be-acquired-by-randa-5608700
- ^ HFN, March 2010
- ^ AlbertThurston.com http://www.albertthurston.com/history2.cfm?catid=1