Tandy Brands Announces Sperry Top-Sider License

Published on Tuesday, 07 February 2012 09:37 Written by TradersHuddle Staff

DALLAS, Feb. 7, 2012 (GLOBE NEWSWIRE) -- Tandy Brands Accessories, Inc. (Nasdaq:TBAC) announced it has entered into a multi-year license agreement with Sperry Top-Sider^® to market and distribute belts, shoulder bags, and small leather goods for both Men and Women. The Company expects to see an incremental impact in its accessories business in calendar year 2013.

"We are excited to partner with Sperry Top-Sider^®, a brand recognized as an icon of American style for more than 75 years with distinct equities which we will leverage to develop a compelling product offering," said Rod McGeachy, Chairman, President and Chief Executive Officer. "The addition of this new license allows us to grow our portfolio of brands and expand our retail channels."

"We are pleased to be partnering with Tandy Brands, a renowned manufacturer of leather accessories, and we are looking forward to a unique collection that pays homage to the Sperry Top-Sider^® brand," said Craig Reingold, Sperry brand president.

Under the terms of the license agreement, Tandy Brands will have rights to create Sperry Top-Sider branded collections covering the men's and women's accessories category of belts, shoulder bags and small leather goods such as wallets. Tandy Brands will distribute the collections through premium department stores and specialty retailers throughout the United States and Canada, Sperry Top-Sider's own retail stores, and on sperrytopsider.com.   

About Sperry Top-Sider^®

Since 1935, Sperry Top-Sider^® has been the leading brand of footwear for those with a Passion for the Sea. From its introduction of the world's first siped rubber outsole for non-marking traction, to advanced technical fabrication to combat the elements, Sperry Top-Sider^® remains the vanguard of the nautical lifestyle. Available at brand retail locations, independent, marine, outdoor and department stores, Sperry Top-Sider^® is the official footwear of the Sperry Top-Sider^® NOOD Regattas, the US Sailing Team Alpha Graphics, the US Sailing Association, the New York Yacht Club Invitational Cup, the Salt Water Sportsman Seminar Series and the National Safe Boating Council.  

Based in historic Lexington, Massachusetts, Sperry Top-Sider^® is a division of Collective Brands Performance + Lifestyle Group, a subsidiary of Collective Brands, Inc. (NYSE:PSS). For more information, please visit www.sperrytopsider.com. 

About Tandy Brands

Tandy Brands is a leading designer and marketer of branded men's, women's and children's accessories, including belts, gifts and small leather goods. Merchandise is marketed under various national as well as private brand names through all major retail distribution channels.

CONTACT: Tandy Brands Accessories, Inc.
         Rod McGeachy
         President and Chief Executive Officer
         214-519-5200
         
         Tandy Brands Accessories, Inc.
         Hilda McDuff
         EVP and Chief Merchandising Officer
         214-519-5200