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SIC 2387 Apparel Belts
SIC 2387
This category includes establishments primarily engaged in manufacturing apparel belts. Companies that produce all types of belts for clothing are grouped in this industry, regardless of the material from which the belts are made.
315999
Apparel Accessories and Other Apparel Manufacturing
The overall accessories business, like other sectors of the apparel industry, struggled with waning sales as the U.S. economy continued to weaken in the early 2000s. Along with the sluggish economic conditions, U.S. accessories manufacturers were also forced to contend with increased imports, the result of China's entrance into the World Trade Organization in December of 2001, as well as the passage of the Uruguay Round agreement, which mandated the elimination of textile quotas by 2005.
According to the U.S. Census Bureau, roughly 994 establishments operated in the manufacturing of apparel accessories in 2004. The industry employed 12,864 workers receiving a payroll of $309 million. Production workers accounted for 9,286 of these employees. Overall shipments for the industry were valued at approximately $1.1 billion in 2005, down from $1.9 billion in 2001, while the cost of materials totaled $843 million.
Leading the industry in overall sales was St. John Knits International Inc. of Irvine, California, with $396 in sales for its fiscal year ended October 31, 2005. The family-run company, which had gone public in 1993 only to retreat back into private ownership in 1999, operated 30 retail boutique shops and counted Hillary Rodham Clinton and Diane Sawyer as two of its ultra-loyal customers. Lillian Vernon of White Plains, New York, followed with $228 million in sales for its fiscal year ended February 27, 2005. Tandy Brands Accessories Inc. of Arlington, Texas, generated $227 million in sales for its fiscal year ended June 30, 2005. In 1999 Chicago-based Florsheim Group Inc. had contracted Tandy to design, manufacture, and market accessories, including a line of belts launched in fall 1999, under the Florsheim name. However, most of Tandy's products were private label items sold to giant retailers like Wal-Mart. In fact, by 2003 Wal-Mart accounted for 40 percent of Tandy's sales. Swank Inc. of New York rounded out the top five industry leaders with 2005 sales of $98 million.
Leather is by far the most important material for apparel belts, making up nearly two-thirds of total shipments. Since...
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- Apparel and Other Finished Products Made From Fabrics and Similar Materials
- SIC 2311 Men's and Boy's Suits, Coats, and Overcoats
- SIC 2321 Men's and Boys' Shirts
- SIC 2322 Men's and Boys' Underwear and Nightwear
- SIC 2323 Men's and Boys' Neckwear
- SIC 2325 Men's and Boys' Separate Trousers and Slacks
- SIC 2326 Men's and Boys' Work Clothing
- SIC 2329 Men's and Boys' Clothing, Not Elsewhere Classified
- SIC 2331 Women's, Misses', and Juniors' Blouses and Shirts
- SIC 2335 Women's, Juniors', and Misses' Dresses
- SIC 2337 Women's, Misses, and Juniors' Suits, Skirts, and Coats
- SIC 2339 Women's, Misses', and Juniors' Outerwear Not Elsewhere Classified
- SIC 2341 Women's, Misses', Children's, and Infants' Underwear and Nightwear
- SIC 2342 Brassieres, Girdles, and Allied Garments
- SIC 2353 Hats, Caps, and Millinery
- SIC 2361 Girls', Children's, and Infants' Dresses, Blouses, and Shirts
- SIC 2369 Girls', Children's, and Infants' Outerwear, Not Elsewhere Classified
- SIC 2371 Fur Goods
- SIC 2381 Dress and Work Gloves, Except Knit and All-Leather
- SIC 2384 Robes and Dressing Gowns
- SIC 2385 Waterproof Outerwear
- SIC 2386 Leather and Sheep-Lined Clothing
- SIC 2387 Apparel Belts
- SIC 2389 Apparel and Accessories, Not Elsewhere Classified
- SIC 2391 Curtains and Draperies
- SIC 2392 House Furnishings, Except Curtains and Draperies
- SIC 2393 Textile Bags
- SIC 2394 Canvas and Related Products
- SIC 2395 Pleating, Decorative and Novelty Stitching, and Tucking for the Trade
- SIC 2396 Automotive Trimmings, Apparel Findings, and Related Products
- SIC 2397 Schiffli Machine Embroideries
- SIC 2399 Fabricated Textile Products, Not Elsewhere Classified
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