When did timberland become a fashion brand?
1978: Abington Shoe Company is renamed The Timberland Company and is incorporated; company expands into casual shoes. Early 1980s:An Italian craze for Timberland boots turns Timberland into a fashion brand and ignites an explosion in sales.
How much did Timberland boots cost in 1983?
Though Timberland products were still selling well in pricey U.S. department stores, the Italian craze caused even more U.S. retailers to jump on the Timberland bandwagon. Boot production rose to 1.8 million pairs in 1983, with a price tag between $70 and $80 per pair in the United States, and nearly double that in Europe.
What are the subsidiaries of timberland?
Principal Subsidiaries: The Outdoor Footwear Company; The Timberland Finance Company; The Timberland World Trading Company; Timberland Europe, Inc. ; Timberland International Sales Corporation (U. S. Virgin Islands); Timberland Direct Sales, Inc. ; Timberland Retail, Inc. ; Timberland Manufacturing Company; Timberland Aviation, Inc.
Are Timberland boots waterproof?
The result was Abington's first truly waterproof boots, which the company began marketing under the brand name "Timberland" in 1973 and guaranteed as water-resistant. Targeted at blue-collar workers and sold in army-navy stores, Timberland boots were a serendipitous hit on college campuses.
How much is the Timberland boot company worth?
$1.54 billionThe value of the Timberland brand is slipping, but it's still worth $1.54 billion, according to a report of the top 500 brands of 2017 compiled by the consulting firm BrandFinance.
When did Timberland go public?
1987: Timberland goes public. 1988: Men's and women's clothing and accessories are added to the product mix; first Timberland specialty stores are opened. 1995: Timberland closes its U.S. factories, shifting much of the production to outsourcers; the company posts its first loss.
Is Timberland a publicly traded company?
U.S. Timberlands Company, L.P. is a publicly traded partnership that owns more than 550,000 acres of timberland in Oregon and Washington; its corporate offices are located in New York City.
What year did Timberland boots come out?
1973In 1973 our original waterproof boots called the “Timberland” were invented. They were rugged, well-crafted, and—thanks to an innovative injection molding technique which was new to the footwear industry—they withstood the elements.
Who owns the Timberland Company?
VF CorporationTimberland / Parent organizationTimberland LLC is an American manufacturer and retailer of outdoor footwear, owned by VF Corporation. The company also sells apparel and accessories including watches, eyewear, and leather goods. Timberland's corporate headquarters are located in Stratham, New Hampshire.
What are the original Timberlands called?
the Original Yellow BootAlso known as the Original Yellow Boot, this is the Timberland boot. Originally released in 1976, this iconic style uses waterproof seam-sealed construction with a padded collar, rust-proof hardware, and a hardy rubber lug sole.
Is Timberland a good investment?
North American timberland ownership is a hard asset investment based primarily upon the physical and economic growth of trees. Timberland ownership is well-suited to the patient investor seeking diversification with a long-term outlook focused on wealth preservation. There is no other hard asset quite like forestland.
Who owns the most Timberland?
WeyerhaeuserAt that time, Weyerhaeuser was the leading U.S. timberland company based on land ownership, with an ownership of 10.69 million acres of timberland....Leading timberland owners in the United States and Canada in 2021, by land ownership (in acres)Company (type of organization)Land owned in acres--9 more rows
What is a Timberland REIT?
Timber real estate investment trusts (REITs) are companies that own and manage timberland and generate revenue by harvesting and selling timber or other forest-related products. Due to their popularity with investors, timber REITs in the United States have attracted growing research interest in the recent decades.
Are Timberlands 90s?
In the early '90s, when Timberland was serving its core customer base of blue-collar workers - who adored the brand's boots for their hard-as-nails construction and superior waterproofing - the company noticed a strange thing happening in New York City.
Who made Timberland boots famous?
Introduced by Sidney Swartz in 1973, they were a hard-wearing boot that was built to last. But then woke New Yorkers started wearing them in the '80s – to keep their toes cosy through harsh winters. Soon they became popular with hip hop artists in the city, too.
What does the Timberland logo stand for?
In fact, the Timberland logo is simply a branchy tree on a field, which is not surprising as the noun “timberland” is defined as “land covered with forest suitable or managed for timber.” It is not meant to represent a lynching tree.
What does the Timberland logo stand for?
In fact, the Timberland logo is simply a branchy tree on a field, which is not surprising as the noun “timberland” is defined as “land covered with forest suitable or managed for timber.” It is not meant to represent a lynching tree.
Why are timbs popular in New York?
They loved the boot for their durability, but they weren't alone. The shoe started gaining popularity in urban New York areas among drug dealers, who needed a comfortable, tough, waterproof boot to stand on the street corner in.
What does the tree on Timberland stand for?
The logo is built around a tree with strong branches, which seems to be a perfectly natural emblem for a company the name of which means “land covered with trees.” Rumor has it, the emblem symbolizes the trees on which Afro-American slaves were hanged.
Is Timberland a luxury brand?
Founded in the 70s the luxury label is today world-renowned for their expertly crafted designs and robust outdoor gear. Find a variety of original, stylish designs crafted from luxurious materials for maximum comfort and durability.
When did Timberland boots come out?
How many Timberland boots were made in 1974?
The result was Abington's first truly waterproof boots, which the company began marketing under the brand name "Timberland" in 1973 and guaranteed as water-resistant. Targeted at blue-collar workers and sold in army-navy stores, Timberland boots were a serendipitous hit on college campuses.
How did Timberland change its business?
As a result, Timberland boots sold remarkably well at highbrow retailers such as Bergdorf Goodman, Lord & Taylor, and Saks Fifth Avenue, and the company produced 5,000 pairs in 1974. By 1975, production jumped to 25,000 and sales neared the million-dollar mark.
What is Timberland footwear?
To cut costs, Timberland closed its two domestic manufacturing plants in North Carolina and Tennessee, resulting in the elimination of 500 jobs, and cut back on its workforce at its factory in the Dominican Republic. Like other footwear makers, Timberland would now outsource much of its production. The company also overhauled its product lines, making a new commitment to get back in touch with its customers as it did so. During 1995 the firm was also able to begin significantly reducing both its inventory and its relatively high debt load. For the year, sales rose only 2.7 percent, while the company fell into the red for the first time, posting a net loss of $11.6 million. This net loss figure was affected both by a $16 million pretax restructuring charge and a $12.1 million pretax gain. The latter resulted from the sale of subsidiaries in Australia and New Zealand to U.K.-based trading firm Inchcape plc, which became the exclusive distributor of Timberland products in the Asia-Pacific region.
How much did Timberland make in 1989?
The resulting European buying frenzy sent U.S. retailers scrambling for Timberland footwear, sparking the first of many fashion booms. Although Timberland became a household name through a fluke of fashion, the company's outdoor footwear and accessories also became synonymous with quality, dependability, and a return to nature. Along the way, the company also became well-known for its commitment to community service.
What happened to Timberland in 2001?
Despite runaway sales, however, Timberland's profit margin continued to erode; from 1987 to 1989, profits fell from $9.4 million to $6.4 million. The company had too many products, too little focus, and even less corporate restraint. "I nearly drove this company under the ground," Sidney Swartz admitted to Forbes in 1989. Though his ideas and intentions were good, the reality of Timberland's rapid expansion had proved burdensome for a company still adjusting to its previous growth. "My optimism sometimes gets the better of me," Sidney said as he envisioned Timberland backpacks, canoes, and sleeping bags. "And we're not ruling out mountain bikes."
How did Timberland become a city year?
During 2001 the company began to feel the effects of the downturn in the U.S. economy, and revenues for the year increased only 8 percent while profits fell. Higher leather costs and unfavorable foreign exchange rates exacerbated the situation as did warm weather during the winter of 2001-02. Once again, the company's stock took a hard hit, falling nearly 50 percent from January 2001 to March 2002. Timberland had a number of plans in the works for 2002 as it waited for the economy to recover, including: launching a line of children's apparel as well as a line of Timberland PRO apparel; rolling its Mountain Athletics brand into the Timberland brand; curtailing the opening of new retail outlets in the United States while developing a new and smaller store prototype; and seeking more overseas growth in both Europe and Asia. Despite this latest downturn in the company's fortunes, Timberland remained the leader of the U.S. "brown shoe" (nonathletic footwear) sector. The company had successfully evolved from a producer of sturdy, unglamorous work boots to become a titan of the rugged outdoor footwear market.
How much did Timberland borrow in 2021?
Timberland's growing relationship with City Year was not just public relations posturing; what began as a request for 50 pairs of boots had turned into a $1 million investment by 1992, enabling the company to expand into four states. "As a company," Jeffrey noted, "we have a responsibility and an interest in engaging the world around us. By doing so, we deliver value to our four constituencies: consumers, shareholders, employees, and the community." The company furthered this commitment by granting all employees between 16 and 32 hours of paid time off each year for community service. The Swartzes also broadened their sensitivity to environmental issues by joining the EPA's Green Lights Program, Businesses for Social Responsibility (BSR), and the Coalition for Environmentally Responsible Economies (CERES) in 1992 and 1993.
What is Timberland Bancorp?
Timberland originated $167.15 million in loans (including $58.70 million of SBA PPP loans) during the quarter ended March 31, 2021, compared to $100.47 million for the comparable quarter one year ago and $156.57 million for the preceding quarter.
What is Timberland's tax rate?
About the Company Timberland Bancorp, Inc., a Washington corporation, is the holding company for Timberland Bank (“Bank”).
What was the decrease in sales of fixed rate one to four family loans?
Timberland’s effective income tax rate was 18.6% for the quarter ended March 31, 2021 compared to 20.5% for the quarter ended December 31, 2020. Balance Sheet Management Total assets increased $110.84 million, or 7%, to $1.70 billion at March 31, 2021 from $1.59 billion at December 31, 2020.
How much did the net loan receivable decrease in 2020?
The decrease in gain on sales of loans was primarily due to a decrease in the dollar amount of fixed rate one- to four-family loans sold during the current quarter and a decrease in the average pricing spread. The decrease in service charges on deposits was primarily due to a decrease in overdraft fee income.
What is the total amount of CDs held in 2021?
Loans Net loans receivable decreased $6.57 million to $1.007 billion at December 31, 2020 from $1.014 billion at September 30, 2020. The decrease during the current quarter was primarily due to a $23.35 million decrease in PPP loan balances, and smaller decreases in several other categories.
Should You Be Adding Timberland Bancorp (NASDAQ:TSBK) To Your Watchlist Today?
Liquidity, as measured by the sum of cash and cash equivalents, CDs held for investment, and available for sale investment securities, was 36.1% of total liabilities at March 31, 2021, compared to 33.4% at December 31, 2020, and 25.5% one year ago.
When did Timberland boots become popular?
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
How much did Timberland make in the 90s?
By the late ’80s, the boots’ popularity was surging internationally. The New York Times reported that teens were robbing people for their Timberlands in fashion capital Milan and that American flight attendants were buying dozens of Timberlands to resell for double the price in Italy. The boot was a favorite in places like the UK and Japan too. It created a spike in sales: In 1988, The Boston Globe reported that Timberland sales had increased from $48 million to $138 million over the previous five year period.
Why is Timberland's yellow boot so popular?
As Timberland grew throughout the ’90s (between 1991 and 2000, Timberland’s profits increased from $80 million to over $500 million, and by 2000, revenues passed $1 billion, according to the SEC), researchers took a serious look at Black consumer spending, which grew at a rapid pace in the ’90s.
Where did Timberland come from?
The global popularity of Timberland’s Original Yellow Boot “is largely because the Black community adopted [it] and helped establish Timberland as a fashion staple, ” says the Timberland brand. “It’s a great source of pride for us.”.
What did Timberland do to Black consumers?
The Timberland brand was birthed from a small, New England -based shoemaker, The Abington Shoe company. In 1973, Abington Shoe used an innovative molding technique to produce a waterproof, 6-inch Nubuck leather boot that could withstand harsh weather. The company called it the Timberland boot.
When did Timberland change its name?
For Timberland, a company that had built its image around rugged, outdoorsy New Englanders and “the Wall street man,” it provoked a reckoning with the influence and staying power of Black consumers, who had embraced the shoe as a fashion staple. And it changed the brand’s identity.
What does "target customer" mean in Timberland?
By the late 1970s, 80% of all the products Abington Shoe sold were Timberland boots. So in 1978, the company changed its name to Timberland, according to a 1983 article from The Boston Globe.
