The Izod Corporation (officially stylized as IZOD) is a mid-range clothing company that produces dressy-casual clothing, sportswear for men, as well as footwear and accessories. It is part of PVH, forming part of its Heritage Brands division along with Van Heusen, Arrow, Warner's, Olga, and Speedo (the latter licensed in perpetuity from Speedo International in North America only). It is perhaps best known for its short-sleeved piqué polo shirt, formerly produced by Lacoste and featuring the Lacoste crocodile on the left breast, now replaced with an embroidered (or screen-printed on some golfwear) crest. One variation is the "IZ" patch instead of crest. Other Izod classics include the Harrington jacket G-9 model, also v-neck & cardigan sweaters. Today, the Izod brand competes most directly with the similarly-priced Chaps brand owned by Ralph Lauren Corporation, while competing more indirectly on the lower end with U.S. Polo Assn. and on the higher end with Nautica.
Video Izod
History
In the late 1930s, Vincent dePaul Draddy, an American businessman employed by David Crystal Co., needed a strong name to associate with his quality merchandise for menswear. While vacationing with his family in London, he encountered Jack Izod's tailoring boutique. Izod (himself a well-respected tailor) produced bespoke shirts and created the Windsor tie-knot for King George V, but was ready to retire, and accepted Draddy's offer to purchase the rights to his distinctive name. The A.J. Izod of London clothing company was introduced to the United States in 1938.
Izod Lacoste
Izod of London would become most notable for its pairing with the Lacoste shirt company from 1952 to 1993. Vincent Draddy began to license the Lacoste shirt to add prestige to the Izod line, but he could not find a market for the then-expensive $8.00 retail price (approximately equivalent to $74 in 2017). After Draddy began giving the shirts away to his famous friends, Dwight D. Eisenhower, Bing Crosby, Daniel Platt, and John F. Kennedy, the shirts soon became popular with department stores. "Izod of London" became a brand known simply as "Izod Lacoste". While the shirts were equally Izod and Lacoste, they became abbreviated and popularized as "Izod" shirts (which led to the ongoing misunderstanding that the famous "Crocodile" is the "Izod" trademark).
Growth
In 1964, Bernard Lacoste took over the management of the company. Significant company growth was seen under Bernard's management. When he became president, around 300,000 Izod Lacoste products were sold annually. The Izod Lacoste brand reached its height of popularity in the US during the late 1970s and became the signature 1980s "preppy" wardrobe item, mentioned in The Official Preppy Handbook. The company also began to introduce other products into their line including shorts, perfume, optical and sunglasses, tennis shoes, deck shoes, walking shoes, watches, and various leather goods.
In 1977, Le Tigre Clothing was founded in an attempt to directly compete with Izod Lacoste in the US market, selling a similar array of apparel, but featuring a tiger in place of the signature Lacoste crocodile. Also, during this period Izod's parent, Crystal Brands, came under the management of General Mills, and purchased the Gant U.S.A. brand.
Separation
During the early 1990s, Izod Lacoste struggled to maintain the market dominance it had enjoyed in previous decades. The initial reaction from Crystal Brands was to separate the two names and target two groups of customers at once; "Izod" was re-introduced as moderate pricepoint apparel in department stores, while Lacoste was renamed "Lacoste Chemise", and re-positioned as a luxury lifestyle brand. Eventually this tactic did not provide the financial gain Crystal had hoped and the license partnering ended in 1993. Sportloisirs S.A. purchased the Lacoste brand entirely in 1993, while Izod was sold to Phillips-Van Heusen Corporation in 1995.
PVH repositioned and restored some of Izod's previous relevance while introducing a number of products lines and brands. Complete with an Izod "crest" logo, or patch. In addition to its sportswear, Izod designs a full range of men's suits, shirts, neckties, shoes, outerwear and fragrances, and continues to produce its famous polo shirts. Currently, within the PVH corp. the Izod branded shirt has become part of the biggest shirt company in the United States.
From 2003 to 2007, PVH formed a licensing deal with Kellwood Company to produce Izod-branded women's clothing. Production of the women's line was brought in-house in 2007 until its discontinuation in 2015.
March 15, 2010, Izod's parent company PVH purchased the Tommy Hilfiger brand. There has been some speculation over the merging of both brands to increase exposure abroad.
Retail closure and initial discontinuation of women's line
On January 7, 2015 parent company Phillips-Van Heusen announced that it would be closing all 120 Izod retail outlets due to an increasing competitive environment driven by more premium brands in the outlet retail channel. This move will not affect Izod's growing wholesale business to department stores and other retailers. Coinciding with the closure of the retail outlets, in 2015 the women's line was discontinued.
Revival of women's line
On June 7, 2017, parent company PVH announced that it has reached a licensing agreement with Adjmi Apparel Group subsidiary Sports Products of America to manufacture women's sportswear, golfwear, and activewear under the IZOD brand beginning February 2018, thus signifying IZOD's return to the women's clothing market.
Maps Izod
Brands
Since Izod's first brand, Izod, was launched in 1938, it has grown considerably to include a variety of essential, performance, and luxury brands.
Current
- Izod (formerly Izod Classix): Izod's original brand for men and women. This line spans from tailored clothing, traditional cotton polo shirts in piqué and interlock knits, shoes, fragrances, leather goods, underwear, neckwear, eyewear, and watches.
- Izod Jeans: Denim basics and weekend sportswear from the Izod line.
- Izod Saltwater Collection: A collection of men's clothing with relaxed fits. This line typically includes oxford shirts, chino shorts, lightweight polo shirts, and spring/summer T-shirts.
- Izod Advantage with Sportflex Stretch: Introduced in Spring 2016. A collection of clothing aimed at active individuals such as tennis players, typically featuring stretch fabric.
- Izod Premium Essentials: Introduced in Spring 2017 as Heritage Essentials, renamed to Premium Essentials with the Spring 2018 collection. A collection of men's button-down casual sport shirts with more traditional fabrics made of 100% cotton.
- Izod PerformX: Refers to two distinct lines. The original PerformX line referred to a high-tech sports collection aimed at winter sport gear, golfers, swimming, and IndyCar, often featuring lightweight microfibers and super pima cottons. This line is now discontinued. A different PerformX line of dress shirts is now available, featuring non-iron stretch fabric. Available at some department stores.
- Izod Golf: The official golf line of Izod, including shirts, shorts, and pants, available for both men and women.
Former
- Izod Luxury Sports: Izod's 'red label' premium sportswear brand for men, with premium fabrics and finer attention to detail; such as name embroidery. As with the 'blue label' Luxury Sports spans from tailored clothing, sportswear, activewear, and accessories, to leather goods. Once available exclusively at premium department stores, discontinued in 2014.
Sports sponsorships
The former Continental Airlines Arena, in New Jersey, United States was renamed the Izod Center as of October 31, 2007, the National Basketball Association's New Jersey Nets' season opener. The company paid $1.4 million per annum for the naming rights during the first two years of the agreement, while the Nets remained tenants, which dropped to $750,000 per year for the balance of the five-year deal.
In 2009, Izod became the official apparel provider of the IndyCar Series and Firestone Indy Lights Series. Izod produces T-shirts, polos, pullovers, hats, and umbrellas for league and team officials and the general public.
In 2010 Izod became the official title sponsor of the Izod IndyCar Series, a deal worth $10 million a year for 5 years. Izod discontinued its sponsorship in 2014.
See also
- Izod Lacoste
- Izod Center
- IndyCar Series
- Lacoste
References
External links
- IZOD
- INSIDE IZOD
- IZOD Center
Source of article : Wikipedia
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