Vermont Teddy Bear Posts 12% Sales Gain, Launches SendAmerica Print Catalog

Shelburne, VT—For its fiscal year ended June 30, The Vermont Teddy Bear Co. (Nasdaq: BEAR) posted net revenue of $37.3 million, up nearly 12% from $33.3 million the previous year. Net income fell by about one-third, however, from $3.7 million to $2.4 million. The manufacturer/marketer blamed the decline in income ot a nearly $1.5 million increase in taxes, having used nearly all its remaining net operating loss carryforward last year.

In addition to its core catalog and product line of special-occasion teddy bears, Vermont Teddy Bear operates SendAmerica, a wholly owned subsidiary that sells gifts from U.S. artisans. Launched as a Website in 1999, SendAmerica is debuting its first print catalogs this holiday season. The 32-page SendAmerica is being mailed this month to 300,000 of Vermonth Teddy Bear’s best female customers and women gift buyers from other catalogers.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.