Annual report pursuant to Section 13 and 15(d)

Note 1- Description of Business

v3.21.1
Note 1- Description of Business
12 Months Ended
Mar. 28, 2021
Notes to Financial Statements  
Nature of Operations [Text Block]
Note
1
Description of Business
 
Crown Crafts, Inc. (the “Company”) was originally formed as a Georgia corporation in
1957
and was reincorporated as a Delaware corporation in
2003.
The Company operates indirectly through
two
of its wholly-owned subsidiaries, Sassy Baby, Inc. (formerly known as Hamco, Inc.) (“Sassy”) and NoJo Baby & Kids, Inc. (formerly known as Crown Crafts Infant Products, Inc.) (“NoJo”), in the infant, toddler and juvenile products segment within the consumer products industry. The infant, toddler and juvenile products segment consists of infant and toddler bedding and blankets, bibs, soft bath products, disposable products, developmental toys and accessories. Sales of the Company's products are generally made directly to retailers, such as mass merchants, large chain stores, mid-tier retailers, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, wholesale clubs and internet-based retailers. The Company's products are marketed under a variety of Company-owned trademarks, under trademarks licensed from others and as private label goods.
 
The Company's fiscal year ends on the Sunday nearest to or on
March 31.
References to “fiscal year
2021”
or
“2021”
represent the
52
-week period ended
March 28, 2021
and “fiscal year
2020”
or
“2020”
represent the
52
-week period ended
March 29, 2020.
 
During fiscal years
2021
and
2020,
the Company also operated indirectly through Carousel Designs, LLC (“Carousel”), a wholly-owned subsidiary that manufactured and marketed infant and toddler bedding directly to consumers online from a facility in Douglasville, Georgia. On
May 21, 2021,
the Company ceased the operations of Carousel.