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Business Description
Reebok International Ltd. is a global company engaged in the design and marketing of sports and fitness products, including footwear, apparel and accessories, as well as the design and marketing of footwear and apparel for non-athletic, "casual" use. The Company designs, markets and sells its products under various brands that it owns or licenses, including: The Reebok Brand (Reebok), which is primarily responsible for the REEBOK brand, including sports licensing; The Rockport Company, LLC (Rockport), a subsidiary primarily responsible for the ROCKPORT brand; Ralph Lauren Footwear Co., Inc., a subsidiary responsible for footwear sold under the RALPH LAUREN and POLO brands; and The Greg Norman Collection, which is responsible for the GREG NORMAN brand.

Financial Information
Reebok International Ltd. designs and markets sports and fitness products which include footwear and apparel. For the six months ended 6/30/02, net sales decreased 2% to $1.45 billion. Net income before accounting change increased 11% to $61.6 million. Revenues reflect a decrease in sales of walking and cross training footwear. Net income reflects a higher gross profit due to improved initial pricing margins, reduced closeout sales and strong inventory management.