Ocean Sky International Limited - Ocean Sky International Ltd ...

OUR MAJOR CUSTOMERS
Our customers range from specialty brand retailers, retail chains, wholesalers to department stores,
discount stores and mail-order houses. They include the following renowned companies:-
– Gap Inc.;
– Foot Locker, Inc.;
– May Department Stores;
– Sears;
– Mervyn’s;
– Target Corporation;
– Phillips-Van Heusen; and
– Eddie Bauer, Inc.
Famous brand names owned by our customers include the following:-
– Gap, Banana Republic and Old Navy (owned by Gap Inc);
– Lady Foot Locker, Foot Locker, Champs, East Bay, Everlast and Team Edition (owned by Foot
Locker, Inc);
– John Ashford, Christie Brooks, Just Friends, Lord & Taylor and Spotted Frogs (owned by May
Department Stores);
– CRB and TKS (owned by Sears);
– High Sierra, Sprockets and Private Luxuries (owned by Mervyn’s);
– Circo and Cherokee (owned by Target’s)
– IZOD, Geoffrey Beene, Phillips-Van Heusen and Arrow (owned by Phillips-Van Heusen); and
– Eddie Bauer (owned by Eddie Bauer, Inc.)
The table below sets forth the respective portion of revenue for the applicable period attributable to our
customers who accounted for more than 5% of our Group revenue in any of the last 3 financial years
ended 31 December 1999, 2000 and 2001:-
Name Of Customer FY1999 FY2000 FY2001
% % %
Gap Inc.
Old Navy 34.1 32.0 47.2
Gap 37.6 30.5 18.8
Banana Republic – – 6.4
Total for Gap Inc. 71.7 62.5 72.4
Foot Locker, Inc. – 7.7 7.2
May Department Stores 6.6 4.7 3.9
None of our Directors or substantial Shareholders has any interest, direct or indirect, in any of the major
customers mentioned above.
We have signed non-binding master agreements with certain of our customers including Gap Inc., which
sets out the broad terms concerning future purchase orders to be issued by these customers to us. Such
arrangement is a common industry practice as it facilitates the frequent orders which we receive from
these customers from time to time.
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