The company's net income as a percent of sales stood at just 3 percent in 1996 but vaulted to 8.2 percent by 1999 when net income was a record $75.2 million. Public Company Surprisingly, they found a prototype right under their noses--Abington's maintenance man wore rugged work boots year-round that were comfortable, durable, and water-resistant. 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.After 30 years, Herman was no longer at his brother's side as Sidney moved forward with both domestic and international expansion. Revenues for that category grew 29 percent in 2000, amounting to $243 million, or 22 percent of overall sales. Timberland's increasingly aggressive media blitzes paid off handsomely. Not only did Italian sales continue to climb, reaching 540,000 in 1985, but worldwide sales soon hit $68 million.Timberland's latest period of breathtaking growth peaked in 2000, when sales surged past the $1 billion mark, hitting $1.09 billion, and net income leaped 68 percent, to $126.2 million. Within the year, NathanIn 1998 Timberland planned to concentrate on offering men's apparel that coordinates with the footwear line. During 1999 Timberland expanded its product line with the introduction of two subbrands: Mountain Athletics and Timberland PRO. It remained a family-owned business until 1987 when the founder’s son took the company public. foster's daily democrat, 10 april 1997.Entering the mid-1990s, the Swartz family had evolved from producers of sturdy, unglamorous work boots to become the titans of the rugged outdoor footwear market. 112 Otter Avenue More importantly, Timberland significantly increased its profit margins during the same period. The company furthered this commitment by granting all employees between 16 and 32 hours of paid time off each year for community service. Fax: (214) 956-4502 By the following year Timberland made its first boat shoe, thereby opening up the fishing and sailing markets.https://www.encyclopedia.com/books/politics-and-business-magazines/timberland-companyIn 1955 Nathan Swartz completed his purchase of the Abington Shoe Company in Abington, Massachusetts, and brought his sons, Herman and Sidney, into the new family concern. The After persuading Goodyear to design a synthetic rubber sole capable of withstanding the harshest elements, the Swartzes used injection molding to bond the polyurethane soles to genuine blond leather uppers. As the third part of the "boots, brand and beliefs" motto, a concentrated effort by Timberland management and employees to return to the communities that have supported them is a major company goal. In 1984 Timberjack made a leveraged buyout from Eaton to become an independent company. Within the year, Nathan's elder son, Herman, returned from a stint in the navy and joined the business too. "As a company," Jeffrey noted, "we have a responsibility and an interest in engaging the world around us. Now selling boots for $5.75 a pair wholesale, Abington was able to generate a small profit rather than just break even.In the early months of 1986, Timberland was again faced with the possibility of acquisition. Injection molding not only produced footwear for 50 cents less per pair, but it also allowed Abington to charge about 20 cents more because the new footwear had some water resistance. seacoast times magazine, 21 august 1996.Throughout the 1980s and 1990s Timberland continued to grow and expand their product lines and services. Fax: (630) 769-2012 Although a casual dress code at Timberland is encouraged, the company also strives to achieve the paramount level in production technology and service. The Swartzes bought a pair, dissected them, and were determined to make their own, even better version.Meanwhile, Timberland's expansion continued unabated, and the Swartzes started to lose control of their vast empire. They restore hiking trails in As the 1990s progressed, the popularity of TimberlandActive Comfort Technology (ACT) revolutionized climate controlled footwear and performance apparel for outdoor use in 1994. Timberland essentially closed its doors for a day, with more than 1,000 Timberland employees performing 8,000 hours of community service in 13 towns in New Hampshire and Massachusetts. Within two years Timberland introduced a line of men's clothing and the remarkable Hydro-Tech self-draining boat shoe. Two Colinas Crossing For the next decade, father and sons produced and sold handmade footwear to discount outlets and stores that put house labels on them. At our corporate headquarters, employees work hard to make some of the world's most innovative products, then use paid time-off to make a difference in the community.