Overview :
Rainbow
USA Inc. is
one of the fastest growing junior, kids, plus
and petite specialty apparel chains. Headquartered
in Brooklyn, NY and founded in 1980, Rainbow
is a leader to its 14-29 year old customer. With
over 900 stores in 38 states including Puerto
Rico and District of Columbia, and operating
under various trade names, such as Rainbow Shops,
Kidspot, 5-7-9, Ups N Downs, Foxmoor, Caren Charles,
Plymouth, One Price and Best Prices, Rainbow
USA, Inc. believes its customers appreciate and
purchase fashion apparel, but are value conscious
and look to Rainbow to provide low cost runway
substitutes for their fashion needs. 5-7-9 is
a division of 220+ stores providing fashion forward
trends to the “teen” customer in
malls across the country. It's shoe business
has a very loyal following and is thriving since
the young, trendy, walk-in, repeat customer enjoys
it's fashion forward, reasonably priced footwear. Rainbow maintains
its status and loyalty amongst its customer base
and has a strong repeat customer client. Rainbow
USA Inc. have been
very successful in market niches and are enjoy
growing sales and profit, above the market average,
adding 40 new stores per year on average.
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Sector : Specialty Apparel
Fast Facts :
- Rainbow
Apparel Inc., is a national retail chain
that specializes in moderately priced ladies
and childrens specialty apparel
- The Rainbow family includes Rainbow,
Foxmoor, KidSpot and Ups 'n' Downs
- Over 700 stores nationwide including Puerto
Rico
Technology : IBM's SurePOS 300
platform, running BeanStore™ (POS, Backoffice, Layaway, Inventory),
Lotus Notes as well as browser based to head office
applications
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