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2014 Raveware Catalog: Lingerie, Dancewear
Pages from the Raveware 2014 catalog
Sexy intimate apparel company Raveware Lingerie has released a new 2014 catalog with dancewear and bedroom styles.
» I want to read more and receive info from RavewareStrong ILS, With Some Changes, Begins 3/31
“We are expecting a great turnout and a heck of a show,” declared Jeff Yunis, talking about his upcoming International Lingerie Show (ILS) and Las Vegas Halloween Show starting March 31st at the Rio in Las Vegas. At the same time he acknowledged several interesting shifts among exhibitors.
» I want to read more and receive info from International Lingerie Show’Body Angel’ Adhesive Bra By Bravo Universal
Bravo Universal demonstrated its interest in the U.S. market by bringing to the recent Curve show in New York an adhesive bra with a distinctive angel’s wings shape that has won patents in this and several other countries.
» I want to read more and receive info from BravoOlga, Warner’s Bras Target Underarm Bulges
Warner’s and Olga have just introduced bras that they say eliminate bulges that show at the sides and backs of some bras. Warner’s call the new bra “No Side Effects” and Olga, “On Your Side.”
» I want to read more and receive info from PVHBlack Fuchsia: Strong Plus Sleepwear Sales
Lingerie brand Black Fuchsia reported a dramatic response so far this year to its “plus size sexy sleepwear,” with the pace of sales double what they were last year and with “90 to 95 per cent sell-throughs on everything” according to the firm’s Elie Zaccai.
» I want to read more and receive info from Black FuchsiaYummie: New ’InShapes’ Bottoms Collection
Yummie by Heather Thomson is launching InShapes, a collection of four shaping bottoms designed to support and lift a woman’s figure through different compression zones targeting problem areas.
» I want to read more and receive info from YummieVegas OffPrice Show: More Buyers, Exhibitors
The OffPrice Show announced upticks in the number of retailers and net square feet at its latest trade event, held Feb. 16-19, 2014, at the Sands Expo adjacent to the Venetian and Palazzo hotels in Las Vegas.
» I want to read more and receive info from OffPrice ShowMaidenform Expands Its ’No Wire’ Collection
Intimate apparel giant Maidenform has announced it is extending its popular Comfort Devotion line with the new No Wire Collection, comprising three bra styles that provide the shape and form of an underwire bra without the uncomfortable wire.
» I want to read more and receive info from MaidenformStefani, Hanky Panky Lingerie Collaboration
Popular intimate apparel company Hanky Panky has announced a collaboration with L.A.M.B., the fashion label owned by musician and style icon Gwen Stefani, set to launch July 2014.
» I want to read more and receive info from Hanky PankyWood Underwear Adds New Camouflage Prints
California-based men’s brand Wood Underwear has developed three new custom camouflage prints for the fall/winter 2014 season, and will be manufacturing the new styles with an additional wood-based material, keeping true to the company’s name.
» I want to read more and receive info from WoodAffinitas Debuts Panties In Cupcake Packaging
Affinitas Intimates’ newest packaged line, Cupcake Panties, feature a single pair of fun, stylish panties cleverly presented in a cupcake-shaped origami-style box — perfect for gift-giving or stashing a spare pair in a gym bag or purse.
» I want to read more and receive info from AffinitasFormer Aubade Exec To Lead Barbara Lingerie
Olivier de Croizant “is now Barbara managing director” according to one source within the company and confirmed by others. He replaces Hubert Lafont who left the company earlier this month (as reported in BODY) after many years in the same position.
» I want to read more and receive info from BarbaraEspiral’s Catalog: More Dance & Rave Wear
Espiral the Florida-based lingerie firm (which also produces a separate AM:PM collection of beach and resort wear) has been growing so rapidly that it can’t keep its catalog from expanding even though its owners try.
» I want to read more and receive info from EspiralSource: Lafont Set To Leave Barbara Lingerie
According to a well-placed source, Hubert Lafont, directeur général of the French lingerie producer Barbara, will be leaving the firm at the end of this week.
» I want to read more and receive info from BarbaraOh La La Cheri Launches New Plus Collection
Curves by Oh La La Cheri is the Florida-based lingerie company’s first move into the plus market, with an initial assortment of 35 styles due to begin shipping in May.
» I want to read more and receive info from Oh La La CheriMack Weldon: New Silver Men’s Underwear
Mack Weldon, (www.mackweldon.com), a New York-based firm that sells men’s underwear, T-shirts and socks, has launched its “Silver” collection made from a fabric that combines pure silver, pima cotton and Lycra.
» I want to read more and receive info from Mack WeldonOneStopPlus Bra Offers Padded Hook Closure
Plus-size e-tailer OneStopPlus has expanded its diverse collection of comfortable, affordable lingerie with the addition of a new padded closure bra from Comfort Choice.
» I want to read more and receive info from OneStopPlusCupid’s Eric Crawford: Latest Retail Strategy
BODY publisher Nick Monjo interviewed Cupid Foundations national sales manager Eric Crawford about some of the recent changes at the firm.
» I want to read more and receive info from Cupid FoundationTriumph: 76% Admit Wearing Wrong Size Bra
The comment that “the majority of women are not wearing a bra that fits correctly” has become the most-repeated cliche in the industry, and now Triumph has announced its own marketing campaign, “Stand Up for Fit” to address the issue.
» I want to read more and receive info from TriumphBeckham’s Bodywear In H & M Super Bowl Ads
Global retailer H&M is launching its spring campaign for its popular David Beckham Bodywear line with an interactive Super Bowl commercial featuring the world-renowned athlete and style icon.
» I want to read more and receive info from Beckham BodywearPure Romance: Slumber Parties Acquisition
Fast-growing intimate apparel and adult products direct seller Pure Romance has announced its acquisition of Slumber Parties and the addition of 3,000 consultants expected to join the company, expanding Pure Romance’s footprint across the U.S. and Australia.
» I want to read more and receive info from Pure RomanceChernoff of Rago Talks About Shapewear Today
In the past few years there has been a dramatic increase in the number of intimate apparel firms offering shapewear products: some established bra makers have moved into the category for the first time. And there have been a huge number of start-ups as well.
» I want to read more and receive info from RagoJulie France: Campaign Against Direct Selling
Julie France, the shapewear firm that has been leading a campaign against the now widespread practice of wholesalers selling directly to consumers, has unleashed further ammunition in the debate. The company has been surveying the retailers it sells, asking them about the practice, and has now shared more of their comments.
» I want to read more and receive info from Julie FranceBlack Fuchsia: Plans For More Growth in 2014
Black Fuchsia, which started a few years ago as the small lingerie division of Just One, a sportswear firm, had become a dominant part of the company by 2013. This year it is poised to expand even further into the intimates market, with both its branded and private label offerings.
» I want to read more and receive info from Black FuchsiaDelta’s Dabah Buys Israeli Underwear Brand
In an uncredited interview dated January 16, 2014 with chairman Isaac Dabah, appearing on the Delta Galil website (http://deltagalil.com/top-50-ceos-israel-calcalist/), there is a brief note stating that “he recently purchased the Israeli underwear brand ‘Fix’ for approx. $2 million dollars (7.5 Million NIS).”
» I want to read more and receive info from Delta GalilAdoreme.com Reports Strong Growth in 2013
Online lingerie startup Adore Me expanded greatly in 2013, raising $8.5 million in financing and adding a significant amount of office space, warehouse space and new styles for the rapidly growing e-commerce venture according to an “annual report” it recently posted on its website.
» I want to read more and receive info from Adoreme.comShapeez: Successful Launch of Tankee Slip
Shapeez, the bra company that is known for back smoothing bras reported two successful introductions during the 2013 holiday season: the Sportee sports bra (which has been covered previously in BODY) and the Tankee Slip. Both have already proved highly successful according to the company.
» I want to read more and receive info from ShapeezVixen: Halloween 2013 Not As Good as 2012
In an ongoing series of interviews, BODY associate publisher Ted Vayos discussed Halloween 2013 with several retailers who carry “sexy” costumes, among others. Here, Philip Yi of Vixen reported a modest selling season.
» I want to read more and receive info from VixenHalloween 2013 Down At Display and Costume
Competition and a tough economy hurt Halloween 2013 for Display and Costume Supply according to this interview with Claire Weiss. BODY associate publisher conducted the discussion and many others in our continuing series on the costume business.
» I want to read more and receive info from Display and Costume SupplyHalloween Up 4% For Candy Apple In 2013
Kay Lambert of Candy Apple Costumes reported a modest rise in costumes sales in 2013 in this interview, part of our ongoing series on Halloween 2013. BODY associate publisher Ted Vayos asked the questions.
» I want to read more and receive info from Candy Apple CostumesChicago Costume: Tech Changed Halloween
Erin and Courtland Hickey of Chicago Costume Company told BODY associate publisher Ted Vayos that Halloween 2013 was “noting special,” in this installment of our ongoing series on the costume market.
» I want to read more and receive info from Chicago Costume CompanyMediocre Halloween In 2013 Says AAArdvark
Jon McCommack of AAArdvark discussed how sales went for Halloween 2013 with BODY associate publisher Ted Vayos, as our series on the costume market continues.
» I want to read more and receive info from AAArdvarkHow Was Halloween At Marsha’s Menagerie?
In our continuing series of retailer interviews about Halloween 2013, Audrey McRorry of Marsha’s Menagerie spoke with BODY’s associate publisher Ted Vayos.
» I want to read more and receive info from Marshas MenagerieBest, Worst Costumes in 2013 at Halloween Gear
Lynn Abdelnour of Halloween Gear told BODY’s associate publisher Ted Vayos what worked and what did not in the costume business in 2013. This interview is part of a series on Halloween 2013.
» I want to read more and receive info from Halloween GearPierre Silber Tells What Worked For Halloween
More in the continuing series on what worked and what did not for Halloween 2013. Ted Vayos, associate publisher of BODY, interviewed several costume retailers about their experiences in the market this past season, here Pierre Silber of Pierre Silber.
» I want to read more and receive info from Pierre SilberEssentially Women: 14th ’Focus on the Future’
Health care group purchasing organization Essentially Women recently announced that the 14th annual Focus on the Future educational conference and trade show will be held March 16 to 18, 2014, at the Grand Sierra Resort in Reno, Nev.
» I want to read more and receive info from Essentially WomenBracli Unveils New Paris Pearl Thong Styles
Spanish brand Bracli has revealed the “next evolution” of its sensual lace-and-pearl thongs with the Paris collection, featuring a wide variety of beautiful, handcrafted designs.
» I want to read more and receive info from BracliDaisy Corsets Adds Costumes to Top Drawer
Following the successful launch of its premium steel-boned Top Drawer collection, wholesale corset manufacturer Daisy Corsets has expanded the line to include more than 20 new costume styles.
» I want to read more and receive info from Daisy CorsetsYes Master Collection Selling on Farfetch.com
Following a collaboration with high-end London boutique Dolci Follie, avant-garde lingerie designer Yes Master has launched a capsule collection of lingerie, lounge wear and swimwear now available on fashion website Farfetch.com.
» I want to read more and receive info from Yes MasterPrimaDonna Introduces New Swim Collections
PrimaDonna, a division of Van de Velde, launched a new and extensive swim collection on The Pure Liner (a ship specifically designed for corporate events) in the Belgian city of Antwerp. Included are seven groups, each named for an alcoholic beverage: Punch, Pina Colada, Copa Cabana, Sherry, Cocktail, Tequila and Mojito.
» I want to read more and receive info from Van de VeldeSales At Intimacy Fell By Over 12% in 2013
Sales sales fell “slightly over 12%” at Intimacy in 2013 while at its parent, the large Belgian firm Van de Velde, which operates several international retailers and brands, sales rose by 0.3%.
» I want to read more and receive info from Van de Velde‘dynamiX star’ Is New Sports Bra From Anita
Buoyed by its ongoing success in the maximum support sports bra arena, Anita has introduced yet another evolution, the “dynamiX star” featuring X-shaped back support. The new style will retail at $69 and will ship in September according to Theresa Antretter, Care Division manager.
» I want to read more and receive info from AnitaAbercrombie Sales Drop While Gilly Hicks Close
Lingerie retailer Gilly Hicks is in the midst of a semi-annual sale with discounts up to 60% off, while parent Abercrombie & Fitch Co. continues shutting down all of that brand’s physical stores which once numbered 28 worldwide. Meanwhile Abercrombie itself, which includes the Hollister brand, reported company-wide sales decreases for the nine weeks ended January 4.
» I want to read more and receive info from AbercrombieLahco of Switzerland: CMK Distribution Deal
CMK Distinctive Brands has signed a U.S. distribution and marketing agreement with Lahco of Switzerland, a luxury men’s and women’s swim and beachwear brand.
» I want to read more and receive info from CMKIntradeco to Produce Jockey Men’s Sleepwear
Jockey International, Inc. today announced a licensing agreement for men’s sleepwear and men’s and women’s thermals and base layers with Intradeco, an apparel producer with facilities in Central America. It is the first such partnership between the two firms.
» I want to read more and receive info from JockeyKnock out! Introduces ’Contour Collection’
Knock out! has just launched a cotton-lined shapewear group, the Contour Collection, that provides “cool comfort” according to the firm.
» I want to read more and receive info from knock OutKnock Out! Expanding Mighty Nighties Group
Knock out! is expanding its Mighty Nighties cotton wicking sleepwear collection “to over six tops and four bottoms, making over 20 combinations,” according to a company announcement.
» I want to read more and receive info from knock OutLunaire Adds Large Cup ’Lace Luxury’ Group
Lunaire, a 25-year-old firm focused on the larger cup bra market, has introduced a new collection, Lace Luxury, featuring “European inspired eye-catching elegance,” for fall 2014.
» I want to read more and receive info from LunaireJet Set: New Dress Line From Oh La La Cheri
Oh La La Cheri, the Miami-based sexy lingerie firm, is now adding a collection of sexy dresses, Jet Set, the first time it has moved into this category, according to owner Nicolas Attard.
» I want to read more and receive info from Oh La La CheriTugdual Denis: VP Sales At Oh La La Cheri
Oh La La Cheri, the Miami-based lingerie firm, has hired Tugdual Denis as vice president of sales. He starts on Monday according to owner Nicolas Attard.
» I want to read more and receive info from Oh La La CheriBread & Boxers: Deal With Rangers’ Lundqvist
Bread & Boxers, a Swedish firm that produces basic underwear, t-shirts and socks for men and women, announced a “collaboration” with Henrik Lundqvist, goalie for the New York Rangers hockey team, to produce “capsule collections and special editions” and “appear as the face of the brand in visual imagery and on selected packaging for the series of ‘Lundqvist’s Favorites.’”
» I want to read more and receive info from United LegwearTo read more news, please choose the category from the news category section.
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Thekkekara of Dolce Vita Purchases Lunaire
Jack Thekkekara, who owns Dolce Vita Intimates, LLC and some years ago purchased the Movie Star brand, has purchased the Lunaire brand. Lunaire is a 20-year-old firm that specializes in attractive bras in fuller sizes.
>> Read Article
Victoria’s Secret Comp February Sales Up 2%
February comparable store sales at Victoria’s Secret stores in North America were up 2% “driven by core lingerie and Pink,” while at Victoria’s Secret direct sales rose “1%, as growth in bras, panties, Pink, swim and sport was partially offset by a decline in apparel,” according to Amie Preston, chief investor relations officer at parent company L Brands, Inc.
>> Read Article
Delta Galil: Sales Will Top $1 Billion in 2014
Sales at Delta Galil in 2013 rose 19%, from $817,782,000 to $974,719,000 and CEO Isaac Dabah projects that “Based on our initial financial guidance,” 2014 “will be our first year of sales in the $1 billion-plus range” in a press release that accompanied the year end results.
>> Read Article
Problems At Intimacy As Van de Velde Rises
Sales rose slightly in 2013 at Van de Velde, the Belgian firm that owns Intimacy and PrimaDonna among other stores and brands (up 0.4% to 182.4 million euros - about $251.9 million at today’s exchange rates).
>> Read Article
L Brands: Small To No Sales Gains In February
L Brands, Inc., parent to Victoria’s Secret and La Senza among others, reported “Earnings per share for the 13-week fourth quarter ended February 1, 2014, were $1.65 compared to adjusted earnings per share of $1.76 for the 14-week fourth quarter ended February. 2, 2013. Adjusted earnings per share for the prior year on a 13-week basis were approximately $1.68.”
>> Read Article
Hanes Sales Rose, Profits Doubled In 2013
Hanesbrands recorded double the net income in 2013 that it did in 2012, despite a fourth quarter 2013 in which net income fell from $80.4 million in 2012 to $32.3 million. Full year sales in 2013 were $4.628 billion compared to $4.526 billion the year before as profits rose from $164.7 million to $330.5 million.
>> Read Article
L Brands Comparable Sales Up 9% in January
L Brands, Inc., (parent to Victoria’s Secret and La Senza), reported “comparable sales for the four weeks ended Feb. 1, 2014 increased 9% compared to the four weeks ended February 2, 2013,” as well as sales increases for the full year 2013.
>> Read Article
Suit Opposes Frederick’s ’Going Private’ Deal
A minority Frederick’s of Hollywood shareholder, Bruce Paul, is the lead plaintiff in a class action lawsuit filed in New York County Supreme Court opposing the proposal by a consortium of shareholders to take the company private.
>> Read Article
Victoria’s Secret Parent: Sales Up In December
L Brands, Inc., parent to Victoria’s Secret and La Senza among other stores and brands, reported sales increases for both December and the 48 weeks ended January 4th, 2014, while at the same time lowering its estimated earnings moderately for the fourth quarter due to lower margins and increase promotions.
>> Read Article
Frederick’s Going Private, Lynch Still CEO
Frederick’s of Hollywood Group Inc. has agreed to be taken private by a group of investors who already own most of its outstanding shares. The proposed move was first announced at the end of September. Thomas Lynch, the current CEO, has received a contract to remain with the company for three more years.
>> Read Article
November Sales Up For Victoria’s Secret Parent
Victoria’s Secret November comparable sales declined 3% (while the brand’s direct channel sales increased by 9%) as parent L Brands, Inc. overall net sales rose to $988.5 million for the four weeks ended Nov. 30, 2013, compared to net sales of $922.0 million for the four weeks ended Nov. 24, 2012.
>> Read Article
Victoria’s Secret Stores October Sales Up 10%
Comparable store gains of 10% at Victoria’s Secret stores this October over the same month last year led to company-wide sales gains for its parent, L Brands, Inc. (formerly known as Limited Brands).
>> Read Article
Sales Rise, Net Income Falls At Delta Galil
Sales at Delta Galil Industries, Ltd. rose in the third quarter ended September 30, 2013 to $257,199,000 from $233,996,000 while income dropped significantly to $12,674,000 from $20,190,000 in the same period last year, the decline attributed, by the firm, to various “non-recurring” or “one-time” items.
>> Read Article
Frederick’s Has $22.5M Loss In Fiscal 2013
Frederick’s of Hollywood Group, Inc. reported Friday a loss of $22.5 million for 2013, as well as a dramatic 22.4% drop in sales from $111.4 million in the fiscal year ended July 28, 2012 to $86.5 million for the year ended July 27, 2013. The release of the year-end results comes as the company’s “sole disinterested independent director“ considers a recent offer to take the company private. And two weeks after Frederick’s amended agreements with its lenders, resulting in, among other things, an increase in its revolving line of credit from $24 million to $35 million with “$5 million having been advanced on October 10.”
>> Read Article
Limited Brands Closes Senior Notes Offering
L Brands, formerly known as Limited Brands (and parent to Victoria’s Secret), announced yesterday “the closing of its previously announced offering of $500 million aggregate principal amount of unsecured senior notes due 2023 (the “2023 Notes”).”
>> Read Article
September Sales Rise At Victoria’s Secret
L Brands, Inc. (formerly known as Limited Brands), parent to Victoria’s Secret, reported an increase in sales for the five weeks ended October 5, 2013 when compared to a similar period last year. Comparable store sales for this September vs. last September increased 1% at Victoria’s Secret stores, 2% at Victoria’s Secret direct and 3% at La Senza, the firm’s Canadian lingerie store chain.
>> Read Article
Group In Offer To Take Frederick’s Private
A “consortium” of shareholders owning about 70% of the outstanding common shares of Frederick’s of Hollywood Group Inc., a public company, has sent the company’s board of directors a “non-binding proposal letter” offering to purchase the remaining shares and take the company private.
>> Read Article
Hanes: Will Soon Close Maidenform Acquisition
HanesBrands has reaffirmed its 2013 financial guidance and said that its acquisition of Maidenform, intention of which it announced in July, “is expected to close by Tuesday, Oct. 8, 2013, pending approval by Maidenform stockholders voting at a special meeting on Thursday, Oct. 3, 2013, and satisfaction of other customary closing conditions. The acquisition has already received regulatory clearance.”
>> Read Article
Lingerie Sales Rose In August for L Brands
August comparable store sales were up 3% at both Victoria’s Secret stores and Victoria’s Secret Direct, as well as 8% at La Senza lingerie stores in Canada, as parent company Limited Brands, Inc., (now known as L Brands, Inc.) reported rising net sales of $704.7 million for the four weeks ended Aug. 31, 2013, compared to net sales of $665.6 million for the four weeks ended Aug. 25, 2012.
>> Read Article
L: Adding Pink, Cutting Victoria’s Secret Stores
Limited Brands, Inc. (now known as L Brands, Inc.), which is parent to Victoria’s Secret, is actually cutting the number of North American Victoria’s Secret stores by 20 in 2013, while at the same time increasing the number of Pink stores by 49. It also reported increased company-wide sales in July compared to last year.
>> Read Article
Victoria’s Secret Parent: Q2 Sales, Earnings Rise
Limited Brands, Inc. (now known as L Brands, Inc.), parent to Victoria’s Secret, reported increased sales and income for the second quarter and increased its guidance for per share earnings for the full year.
>> Read Article
Hanes Agrees to Acquire Maidenform for $575 M
HanesBrands announced today that it “has entered into a definitive agreement to acquire Maidenform Brands” in a transaction valued at approximately $575 million on an enterprise-value basis,” or “$23.50 per share, a 30 percent premium to Maidenform’s average closing price over the past 30 days.”
>> Read Article
Triumph About To Open 2 Long Island Stores
Triumph held a “media event” (in the words of one executive — meaning that the focus was not on impressing retailers, who were not in attendance in any number) the night of July 18, as part of its expansion plans for the U.S. Most significantly, two Triumph flagship locations are about to open, one in the Roosevelt Fields mall, one in the Walt Whitman mall.
>> Read Article
Hanes Names Moran of PetSmart To Its Board
HanesBrands appointed Robert Moran, former chairman and chief executive officer of PetSmart, Inc., to its board of directors.
>> Read Article
Van de Velde: 11% First Half Decline at Intimacy
First half sales fell by 2% at Van de Velde, the Belgian public company that is parent to several brands and retail chains. One of these stores, Intimacy in the U.S., suffered an 11% decline during the first six months. Company-wide, sales dropped to m€ 96.8 (about $126 million), compared to m€ 98.7 for the same period last year.
>> Read Article
Victoria’s Secret Store Sales Declined in June
Victoria’s Secret comparable stores sales as well as Victoria’s Secret Direct sales both declined in June. For parent L Brands, Inc. (which has been known as Limited Brands) overall net sales for the five weeks ended July 6, were $1.101 billion, slightly higher than “net sales of $1.077 billion for the five weeks ended June 30, 2012.”
>> Read Article
Galleria Intima: Holding 2nd Trade Show in India
Galleria Intima, which describes itself as “India’s only sourcing fair for intimate apparel professionals,” will return for its second annual event in August (at the Grand Hyatt in Goa on the 23rd and 24th). And Invista and Lenzing will again be among the expanded list of exhibitors.
>> Read Article
PVH: $20 Million Loss On Warnaco Expenses
PVH Corp. lost $20.0 million in its first quarter ended May 5, 2013 on sales of $1.823 billion, compared to a profit $95.5 million on sales of $1.313 billion for the same quarter last year, ended April 29. A company statement said that the loss was “due to significant costs incurred in connection with the company’s acquisition during the quarter" of Warnaco and “with the related integration and restructuring, a significant portion of which was non-cash.”
>> Read Article
Wolford Reports Yearly Earnings Down Sharply
As a result of dramatically reduced earnings, Wolford announced in mid June that “the management board will propose to the annual general meeting to suspend the dividend payment for the 2012/13 fiscal year and to focus the financial resources on profitable growth.”
>> Read Article
Frederick’s: 3rd Quarter Loss of $643,000
Frederick’s of Hollywood Group Inc. lost $643,000 on sharply declining sales of $23,293,000 in its fiscal third quarter 2013, compared to a profit of $3,313,000 on sales of 30,181,000 during the same period last year. In addition the retailer has reduced, since mid-March, the number of its retail outlets by three, bringing the current total to 112.
>> Read Article
Victoria’s Secret Store Sales Up 4% in May
Increased sales at Victoria’s Secret and La Senza stores helped lift Limited Brands, Inc. (now known as L Brands, Inc.), net sales to $737.0 million for the four weeks ended June 1, 2013, compared to net sales of $671.9 million for the four weeks ended May 26, 2012.
>> Read Article
$5 Million Increase To Frederick’s Credit Line
Frederick’s of Hollywood Group Inc. reported that Salus Capital Partners, LLC, its lender, “increased the FILO (first in last out) Advance credit line portion of the company’s credit facility by $5.0 million to $14.0 million.” Commented chairman and CEO Thomas Lynch, “By increasing the FILO Advance credit line to $14 million, we have greater financial flexibility to work with vendors and invigorate our merchandising strategy, which will play an important role in stabilizing our business.”
>> Read Article
Van de Velde: First Half Sales May Decline
Van de Velde announced that sales in the first half of 2013 may be below those in the first half of last year, noting that “The consumer market continues to be very tough. In the first quarter of 2013 there were signs of falling sales throughout Europe among independent retailers (in excess of 4%).”
>> Read Article
Limited Brands 2013 Q1 Sales, Earnings Rise
Limited Brands, Inc. (which has changed its name to L Brands, Inc. and is the parent to Victoria’s Secret and La Senza) reported first quarter earnings of $142.5 million on sales of $2.268 billion compared with earnings of $124.6 million on sales of $2.154 billion last year.
>> Read Article
Victoria’s Secret, La Senza Up 2% In April
“Victoria’s Secret stores April comparable store sales increased 2% on top of 8% last year,” declared Amie Preston, chief investor relations officer at Limited Brands, noting an increase for all the company’s stores in the month. But she admitted of Victoria’s Secret stores, “We are disappointed with our overall performance in April, particularly in bras. While we have seen strength in our core offerings, our recent introductions have not offset the volume from styles exited in the past 12 months.”
>> Read Article
Wacoal Annual Profits Rise 10.3%, Sales 3.1%
Wacoal Holdings Corp.’s income for the year ended March 31, 2013 rose 10.3% while sales rose 3.1%, despite “an impairment loss with respect to the intangible fixed assets of our subsidiary Peach John Co., Ltd. as well as its subsidiaries.”
>> Read Article
Maidenform Sales Slide, Loses $1.2 Million in Q1
Maidenform lost $1,234,000 in the first quarter of this year on sales of $131,156,000, compared with a profit of $5,845,000 on significantly higher sales of $157,546,000 in the quarter ended last year on March 31, 2012.
>> Read Article
Aggressive 2013 Growth Set For Victoria’s Secret
Earlier this year, Victoria’s Secret parent Limited Brands promised gains in 2013 and beyond, while reporting a modest decline in net profits for 2012 of about $753 million on increased sales of $10.46 billion, compared to net income of $850 million on sales of $10.36 billion for 2011. A reading of the company’s full annual report shows the firm is planning an aggressive expansion of much of its lingerie business with implications for all of its domestic and international competition.
>> Read Article
Hanes Profits Up, Sales Down In First Quarter
HanesBrands reported net income for the first quarter of 2013 of $51.4 million on declining sales of $945.5 million, compared with a loss in the same period last year of $26.8 million on sales of $973.1 million. The firm blamed the sales decline on “a sluggish retail environment,” but noted “the company’s operating profit margin expanded 790 basis points over the year-ago quarter, benefitting from an improved cotton-cost and product-pricing environment” and its “Innovate-to-Elevate margin-enhancement initiatives.”
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March Victoria’s Secret Stores Up, Web Down
According to Amie Preston, chief investor relations officer at Limited Brands (which is now calling itself L Brands), Victoria’s Secret “March comparable sales increased 2% on top of 10% last year driven by strength in Pink bras and panties and beauty.” Overall, for all its stores and brands, Limited “reported a comparable store sales increase of 3 percent for the five weeks ended April 6, 2013, compared to the five weeks ended April 7, 2012.”
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PVH: Less Early Benefit From Warnaco Deal
PVH Corp. reported increased sales and earnings for 2012, while at the same time warning that after evaluating its recent purchase of Warnaco (which closed in mid-February) “we believe that additional investments above our initial expectations are required to achieve our goal of rebuilding the global Calvin Klein jeanswear and underwear businesses,” according to Emanuel Chirico, chairman and CEO of PVH. This means earnings as well as cost-saving “synergies” from the Warnaco acquisition will be significantly lower than expected for 2013.
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Delta Has Record Q4, Strong Full Year 2012
Delta Galil Industries, Ltd. finished 2012 with record sales and earnings in its fourth quarter, leading to full year income of $56,977,000 on sales of $817,782,000 compared to income of $27,575,000 on sales of $678,819,000 in 2011.
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Victoria’s Secret Comp Stores Up 5% in February
Victoria’s Secret comparable store sales rose 5% for the four weeks ended March 2, 2013 compared to the four weeks ended February 25, 2013. Last year they rose 10% over the same four weeks in 2011. Victoria’s Secret Direct sales dropped 4% for the month, compared to a rise of 5% from 2011 to 2012. And at La Senza, the Canadian lingerie chain also owned by parent Limited Brands, Inc., sales for the month rose 5%.
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Frederick’s: $10 Million & Potential New Owner
Frederick’s of Hollywood Group Inc. reported Friday a $10 million sale of preferred stock to a holding company with no apparent experience in apparel, which could give the purchaser control of the lingerie retailer should it invest more and exercise its various other options to do so. The financing was provided by Five Island Asset Management LLC, a subsidiary of Harbinger Group Inc., with the purchase of Series B Convertible Preferred Stock.
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€8 Million Andrés Sardá Charge for Van de Velde
Van de Velde profits dropped significantly for 2012, to €25.6 million on slightly higher sales of €181.8 million, compared to a profit of €41.2 million on sales of €179.8 million in 2011. The Belgian intimate apparel firm owns such brands as Marie Jo, Andrés Sardá and Prima Donna and operates retail stores under various names in different parts of the world, including Intimacy in the U.S.
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