Delaware		5611		36-3189198
(State of Incorporation)		(Primary Standard Industrial Classification Code Number)		(I.R.S. Employer Identification Number)

500 Hanover Pike, Hampstead, MD		21074-2095
(Address of Principal Executive Offices)		(Zip Code)

Class		Outstanding as of December 10, 2002
Common Stock, $.01 par value per share		6,198,848

				Page No.
Part I. Financial Information
Item 1.		Financial Statements
		Condensed Consolidated Statements of Operations—Three and Nine Months ended November 2, 2002 and November 3, 2001		3
		Condensed Consolidated Balance Sheets—as of November 2, 2002 and February 2, 2002		4
		Condensed Consolidated Statements of Cash Flows—Nine Months ended November 2, 2002 and November 3, 2001		5
		Notes to Condensed Consolidated Financial Statements		6-10
Item 2.		Management’s Discussion and Analysis of Results of Operations and Financial Condition		10-15
Item 3.		Quantitative and Qualitative Disclosures about Market Risk		15
Item 4.		Controls and Procedures		16
Part II. Other Information
Item 4.		Submission of Matters to a Vote of Security Holders		17
Item 6.		Exhibits and Reports on Form 8-K		17
Signature				18
Certifications				19-20

		Three Months Ended						Nine Months Ended
		November 3, 2001			November 2, 2002			November 3, 2001			November 2, 2002
Net sales		$	50,243		$	57,866		$	143,755		$	165,494
Costs and expenses:
Cost of goods sold			23,187			25,391			70,401			76,219
General and administrative			5,800			6,583			14,700			17,872
Sales and marketing			18,564			22,187			53,760			62,516
Store opening costs			168			201			364			401
One-time charge			—			—			210			—
			47,719			54,362			139,435			157,008
Operating income			2,524			3,504			4,320			8,486
Interest expense, net			435			290			966			835
Income before provision for income taxes			2,089			3,214			3,354			7,651
Provision for income taxes			773			1,350			1,241			3,114
Net income		$	1,316		$	1,864		$	2,113		$	4,537
Earnings per share:
Net income:
Basic		$	0.22		$	0.30		$	0.35		$	0.74
Diluted		$	0.21		$	0.26		$	0.34		$	0.65
Weighted average shares outstanding:
Basic			5,956			6,188			5,956			6,134
Diluted			6,172			7,122			6,184			7,007

		February 2, 2002				November 2, 2002
						(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents		$	827			$	906
Accounts receivable			2,364				4,871
Inventories:
Raw materials			5,018				4,791
Finished goods			59,624				72,375
Total inventories			64,642				77,166
Prepaid expenses and other current assets			7,126				7,732
Total current assets			74,959				90,675
Property, plant and equipment, at cost			64,559				71,539
Accumulated depreciation and amortization			(32,018	)			(36,077	)
Net property, plant and equipment			32,541				35,462
Other assets			957				955
Total assets		$	108,457			$	127,092
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable		$	16,528			$	27,012
Accrued expenses			19,930				20,556
Current portion of long-term debt			744				1,204
Total current liabilities			37,202				48,772
Noncurrent Liabilities:
Long-term debt			15,894				16,044
Accrued rent			3,109				3,034
Total liabilities			56,205				67,850
Shareholders’ equity:
Common stock			71				73
Additional paid-in capital			56,558				59,009
Retained earnings			681				5,218
			57,310				64,300
Less treasury stock			(5,058	)			(5,058	)
Total shareholders’ equity			52,252				59,242
Total liabilities and shareholders’ equity		$	108,457			$	127,092

		Nine Months Ended
		November 3, 2001				November 2, 2002
Cash flows from operating activities:
Net income		$	2,113			$	4,537
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization			3,466				4,144
Loss on disposition of assets			140				—
Net increase in operating working capital			(25,428	)			(4,600	)
Net cash (used in) provided by operating activities			(19,709	)			4,081
Cash flows from investing activities:
Additions to property, plant and equipment			(9,425	)			(7,065	)
Net cash used in investing activities			(9,425	)			(7,065	)
Cash flows from financing activities:
Borrowings under long-term Credit Agreement			59,341				37,204
Repayment under long-term Credit Agreement			(37,846	)			(40,569	)
Borrowing of other long-term debt			5,500				4,675
Repayment of other long-term debt			(474	)			(700	)
Net proceeds from issuance of common stock through exercise of options			5				2,453
Net cash provided by financing activities			26,526				3,063
Net (decrease) increase in cash and cash equivalents			(2,608	)			79
Cash and cash equivalents—beginning of period			3,126				827
Cash and cash equivalents—end of period		$	518			$	906