Daniel Griesemer, CEO of Tilly’s Inc, bought 25,000 shares of Tilly’s Inc (Stock Symbol: Enter TYLS) at $7.79 per share for a total amount of $194.8 thousand on June 26, 2014.
Tilly’s Inc is located in Irvine, California.
On May 28, 2014, Tilly’s Inc announced its latest quarterly results. For the first quarter, their net income was $0.6 million, or $0.02 per diluted share, based on a weighted average diluted share count of 28.2 million shares and an effective tax rate of approximately 45%, reflecting a discrete item related to stock option forfeitures. This compares to net income in the first quarter of 2013 of $2.3 million, or $0.08 per diluted share, based on a weighted average diluted share count of 28.0 million shares and an effective tax rate of 40%.
According to Capital IQ, Tilly’s Inc has a market cap of $233.79 million, an enterprise value of $176.37 million, and trailing 12 month revenues of 498 million. Tilly’s, Inc. is engaged in retailing casual clothing, footwear, and accessories for teens and young adults in the United States. Its apparel merchandise includes tops, outerwear, bottoms, and dresses; and accessories merchandise comprises backpacks, hats, sunglasses, headphones, handbags, watches, jewelry, and others. The company also provides third-party merchandise assortment in its apparel, accessory, and footwear product categories. As of May 4, 2013, it operated 195 stores. The company also sells its products through its e-commerce Website, tillys.com. Tillys, Inc. was founded in 1982 and is headquartered in Irvine, California.
Daniel Griesemer’s most recent annual compensation from Tilly’s Inc is a salary of $700,000, $642,410 in other compensation, and a total compensation of $1,342,410.
Mr. Griesemer is 54 years old. According to his biography, Mr. Daniel Griesemer is President, Chief Executive Officer, Director of Tilly’s, Inc., Mr. Griesemer served as Coldwater Creek, Inc.’s President and Chief Operating Officer from March 2007 through October 2007, its Executive Vice President of Sales and Marketing from January 2005 through March 2007, its Executive Vice President of Retail from April 2004 through January 2005 and its Senior Vice President of Retail from October 2001 through April 2004. From 1989 through 2000, Mr. Griesemer held a number of progressively more responsible positions with Gap, Inc., and ultimately served as Divisional Merchandise Manager for Gap, Inc. From 1983 to 1989, Mr. Griesemer worked in a variety of positions at Macy’s, Inc. Mr. Griesemer holds a Bachelor of Science degree in Business Administration from the University of Dayton. Mr. Griesemer brings to the board extensive experience and demonstrated leadership capabilities, including leadership of a public company in the retail industry.
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