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Wolford Annual Loss Jumps To $31.8 Million
Taylor Cup Bra ($250), String ($90) and Om String Body ($230) on the Wolford site.
The annual loss (fiscal year May 2019 to April 2020) at Wolford jumped to €27.42 million (about $31.8 million at current exchange rates) up from €11.10 million (about $12.9 million) for the previous year (2018/19).
» I want to read more and receive info from Wolford
Q2 VS, Pink Sales Are Expected To Fall 40%
Second quarter sales for Victoria’s Secret and Pink are expected to be down about 40% due to pandemic-forced store closures, while direct channel sales “are up significantly versus last year,” according to parent company L Brands. Results will be announced in mid August.
» I want to read more and receive info from Victoria’s SecretCalida: $10.8 Million Loss, Sales Fall 18.8%
Swiss-based Calida Group reported a loss of 9.8 million Swiss francs (about $10.8 million at current exchange rates) in the first half, as sales fell 18.8% to 146.2 million Swiss francs (about $160.4 million) compared to 180.0 million Swiss francs (about $199.9 million) during the same period in 2019.
» I want to read more and receive info from Calida GroupDreamgirl Debuts Fall, Holiday And Valentines
“Dreamgirl launched its Fall/Holiday 2020/2021 Collection, this month to a fantastic response,” according to a company spokesperson. “The orders have been so strong that we immediately sold out of certain items and rushed to reorder…. something we didn’t think would happen during these difficult times.”
» I want to read more and receive info from DreamgirlLa Senza Shrinks From 130 To 75 Locations
La Senza has apparently permanently closed all but 74 of its company-owned stores in Canada, and all but one in the U.S., according to a review of locations listed on its website at the end of July.
» I want to read more and receive info from La SenzaNuBra: Then And Now, Made In The U.S.A
NuBra, a leading adhesive bra producer, made what many might consider an unusual decision when it began manufacturing its patented bras almost 20 years ago: it decided to make them in the U.S. And it still does so today.
» I want to read more and receive info from NuBraMonique Morin: Doing Well Despite Challenges
BODY associate publisher Ted Vayos interviewed lingerie designer Monique Morin about her collection and how she is coping with the pandemic.
» I want to read more and receive info from Monique MorinShapeez: Consistently A Five-Star-Review Brand
Recommendations from actual customers are an important part of the buying process for consumers. And for store owners, offering products that achieve the highest praise are a key element in establishing and maintaining a loyal consumer base.
» I want to read more and receive info from ShapeezDelta Galil Q1: Loses $30.5 Million, Sales -9%
In the first quarter, Delta Galil lost $30.509 million on sales of $332.683 million compared to a profit of $3.029 million on sales of $365.375 million in the quarter ended March 31, 2019.
» I want to read more and receive info from Delta GalilHanesBrands Names Stephen Bratspies CEO
HanesBrands named Stephen Bratspies its new CEO and board member, effective August 3, 2020. Most recently, he was chief merchandising officer at Walmart.
» I want to read more and receive info from HanesBrandsInteracting In New Ways With Staff And Clients
(The effects of the pandemic have been widespread. An interesting article provide by Dreamgirl describes some of the new ways in which the company is interacting with staff, suppliers, customers and even its photographers and models).
» I want to read more and receive info from DreamgirlValens: Challenges Of Internet Merchandising
(With the forced temporary closure of thousands of intimate apparel brick and mortar stores this year, retailers have realized the need to upgrade their online presence. One industry executive who is ideally positioned to provide advice in this area is Tatyana Ponomareva, founder and owner of the lingerie distributor, Valens Capital Group, as well as the Bra Spectrum lingerie shop in Pennsylvania. In the article below she provides her take on the online environment. Her company also offers web development services, specifically adapted to the needs of the independent lingerie retailer. Contact: Info@ValensLingerie.com or (610) 400-8460).
» I want to read more and receive info from Valens LingerieBabydolls Now Popular For Ann Nahari Factory
As stores re-open and consumer demand builds across the country, “we have seen a very large increase in domestic private label business,” declared Sumiyyah Rasheed of Ann Nahari. The firm operates a production facility in Georgia.
» I want to read more and receive info from Ann NahariRevzen: Importance Of Sustainable Packaging
Dreamgirl has just converted all of its packaging to a sustainable format. BODY Publisher Nick Monjo interviewed president Barry Revzen.
» I want to read more and receive info from DreamgirlPerseus Men’s Launches Andromeda Collection
Perseus Underwear has just launched Andromeda, its latest collection of men’s underwear. Founded in 2017, the brand releases a new line every July.
» I want to read more and receive info from PerseusPVH Q1 Sales -43%, Online Revenue +47%
PVH lost $1.097 billion as pandemic-impacted revenue declined 43% to $1.344 billion in the 13 weeks ended May 3, 2020. That’s compared to a profit of $81.6 million on revenue of $2.356 billion during the same period last year.
» I want to read more and receive info from PVHObsessive: Coordinating Perfumes, Bath Bombs
Obsessive, the Polish intimates brand, has recently added a collection of bath and body products designed to coordinate with its lingerie.
» I want to read more and receive info from ObsessiveComfeez Racerback: New Style By Shapeez
With stores reopening across North America, and shoppers looking for something new, Shapeez is ready with the latest addition to its collection of back-smoothing bras: the Comfeez Racerback bralette.
» I want to read more and receive info from ShapeeziFabric Reports Q2 Loss On Declining Sales
iFabric lost Can$479,436 (about $353,000 at current exchange rates) on sales of Can$2,252,090 (about $1,660,000) in the quarter ended March 31, 2020, compared to a loss of Can$386,944 on sales of Can$2,503,793 in the same quarter last year.
» I want to read more and receive info from iFabricVictoria’s Secret UK Division In Bankruptcy
L Brands placed Victoria’s Secret’s U.K. division into a form of bankruptcy. The move did not warrant a press release or even an SEC filing by the parent company.
» I want to read more and receive info from Victoria’s SecretSoma’s Online Sales Strong During Quarter
With stores closed for much of the period, Soma’s sales fell 19% to $64,907,000 for the thirteen weeks ended May 2, down from $80,081,000 in the same three months last year. Meanwhile, online sales stayed strong.
» I want to read more and receive info from SomaAerie Q1 Sales Slip Only 2% Despite Pandemic
Despite the pandemic, Aerie’s revenue decreased just 2% in the 13 weeks ended May 2, 2020. Meanwhile, “digital demand, as measured by ordered sales,” rose 75% for the lingerie division of American Eagle Outfitters.
» I want to read more and receive info from AerieTLC: Customers Back In “Droves” After Opening
BODY associate publisher Ted Vayos interviewed Tanya Re, who owns the TLC lingerie shop in Montana with partner Lisa Cetrone, about her retail experiences during the early days of the pandemic. The shop has been in Billings for over 27 years and at the current location for 12.
» I want to read more and receive info from TLCYoumita: Affordable Sleep, Lounge, Robes
“Chill in comfort,” is the message from Youmita to all those women still under quarantine looking for affordable sleepwear, loungewear and robes.
» I want to read more and receive info from YoumitaMonique Morin: Body Enhancing Lingerie
“For decades, we asked women to have the perfect body to fit into ideal clothes,” began Monique Morin in a recent discussion with BODY. “Obviously, it should be the other way around. We need well-made lingerie that enhance the body.”
» I want to read more and receive info from Monique MorinVS Q1 Sales Fall 46%; 250+ Shops Will Close
As it reported first quarter results, L Brands revealed it is planning to close approximately 250 Victoria’s Secret stores across North America over the next several months, as well as significantly more in 2021 and 2022.
» I want to read more and receive info from Victoria’s SecretHuge Net Loss, 19.2% Sales Drop At La Perla
La Perla Fashion Holding reported a huge net loss for 2019, as sales dropped 19.2% during the year. In 2018 the company had reported a sizable net profit.
» I want to read more and receive info from La PerlaDreamgirl: Ready For The Store Reopenings
As stores are now reopening across the country, following the government mandated closures due to the pandemic, intimate apparel wholesalers are ramping up efforts to meet the rising demand.
» I want to read more and receive info from DreamgirlSales Ahead Of 2019 In First 5 Days Reopened
Ohio’s nine-location Discount Fashion Warehouse reported that in the first five days since it reopened (following the closure mandated by the state due to the pandemic), sales have been running 62% ahead of the same period last year on a sales per hour basis.
» I want to read more and receive info from Discount Fashion WarehouseTo read more news, please choose the category from the news category section.
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Consumer Electronics Show Canceled For ’21
The largest consumer electronics show in the world, CES 2021, has canceled its physical show that had been scheduled to run January 6-9, 2021, in Las Vegas.
>> Read Article
PVH Closing 162 Outlets, Firing 450 Staff
PVH announced it was closing its 162 Heritage Brands outlets and well as firing about 450 people, or 12% of its North American “office workforce.”
>> Read Article
Upcoming Offprice And Curve Shows Canceled
Curve New York for September 2020 has been canceled. The show had originally been scheduled for early August, then postponed to September 21-23 at New York’s Javits Center.
>> Read Article
Market Week: Virtual Or In Person, August 2-7
The Underfashion Club emailed a note stating it anticipates “there will be an August market,” based on “recent input from retailers, manufacturers, and suppliers.”
>> Read Article
Curve Annouces NY Show September 21-23
After exploring the concept and dates with wholesalers and retailers in recent weeks, Eurovet Americas announced it will be holding a postponed Curve show at New York’s Javits Center (Hall 1E) September 21-23, 2020.
>> Read Article
First Day Results: People Want To Shop
Discount Fashion Warehouse, which operate nine outlet stores across Ohio, reported a dramatic return to business on Tuesday, May 12, the first day it was allowed by the state to reopen its stores
>> Read Article
Preparing Your Intimates Business To Re-Open
With some states and stores across the country starting to open for business, lingerie store owners have begun to think about how to operate with the threat of Covid 19 on everyone’s mind — now and for a long time to come.
>> Read Article
May: Updated List Of Companies For Sale
As of the start of May, FMMG Advisors was working with a number of companies and brands for sale (see the list below). Contact Nick Monjo at (917) 602-9430 or Nick@FMMG.com for information.
>> Read Article
Online ‘Module’ Helps Reps Increase Sales
Tim McNamara of McNamara Publishing has created an online sales tool called the “Module,” designed primarily to be used by sales representatives or wholesalers.
>> Read Article
PVH Announces Many Furloughs, Other Steps
PVH announced an extensive list of steps it is taking, including furloughs and salary reductions, to “navigate the COVID-19 pandemic and its effects on its associates and the company’s business and financial position.”
>> Read Article
May Intimates Market Officially Canceled
With stores canceling or pushing back orders, and most seeing no need to travel to showrooms in the midst of the virus crisis, May Market for intimates, at least in a physical sense, has been canceled.
>> Read Article
Corin Begins Production Of Face Masks
Corin, the Polish bra producer, has began the production and sale of protective face masks to help in the fight against the Coronavirus pandemic.
>> Read Article
VS, Pink Now Close Online Stores Til 3.30
Victoria’s Secret and Pink announced Thursday afternoon, March 19, that they are closing their online stores through March 29. This comes after both brands had earlier announced the closing of their brick and mortar stores until March 30.
>> Read Article
Simon Closed All U.S. Malls, Outlets Until 3.29
Simon Property Group, “in recognition of the need to address the spread of COVID-19,” closed all of its U.S. malls, outlets and mills in the U.S. late yesterday, with openings scheduled for March 29.
>> Read Article
Soma Closes All Stores, Outlets Until April 1
Soma’s parent company Chico’s FAS announced it was closing all its stores in North America immediately and “for the next two weeks.”
>> Read Article
Aerie, Victoria’s Secret, Pink Shut Temporarily
Aerie, Victoria’s Secret and Pink are closing their U.S. and Canada stores temporarily in response to the continued spread of COVID-19.
>> Read Article
VS, Pink Sales Fell 8% In 2019 To $6.8 Billion
Days after announcing the sale of a majority stake in its lingerie divisions, L Brands reported that Victoria’s Secret and Pink store and direct sales for 2019 fell 8% to $6.8 billion, from $7.4 in 2018. Fourth quarter sales fell 10% to $2.3 billion, from $2.5 billion in the same quarter last year.
>> Read Article
Delta Galil 2019 Sales +13% To $1.69 Billion
Delta Galil sales in 2019 rose 13% to an “all time high” of $1.690 billion, from $1.498 billion in 2018. Fourth quarter sales jumped 11% to $504.8 million, up from $454.3 million in the same quarter last year.
>> Read Article
Sycamore Buying Majority Of Victoria’s Secret
L Brands announced it is selling a “majority 55% interest in Victoria’s Secret Lingerie, Victoria’s Secret Beauty and Pink” to Sycamore Partners “with L Brands retaining 45% minority stake, at a total enterprise value of $1.1 billion.”
>> Read Article
NILS: Over 200 Stores, Many New Brands
The New International Lingerie Show (NILS) has been signing new exhibitors and expects over 200 retailers for its Spring 2020 show, March 16 through 18, 2020 at the Tuscany Suites & Casino in Las Vegas.
>> Read Article
Hanes Q4 Innerwear Sales -4.1%, Profit +4.7%
Hanesbrands Innerwear segment sales fell 4.1% in the quarter ended December 28, 2019, while the division’s operating profit rose 4.7%. For the full year, sales were down 3.2% and operating profit was down 2.1%.
>> Read Article
Times Report: ‘Culture of Misogyny’ At VS
At the beginning of February the New York Times published a damning report under the headline “‘Angels’ in Hell: The Culture of Misogyny Inside Victoria’s Secret.”
>> Read Article
WSJ: Victoria’s Secret May Be For Sale
The Wall Street Journal reported recently, without naming sources, that L Brands’ CEO Leslie Wexner is in talks to sell all or part of Victoria’s Secret, naming Sycamore Partners as an interested party.
>> Read Article
Bankruptcy Petition Filed Against La Senza
MGF Sourcing and two other suppliers filed an involuntary bankruptcy case against La Senza International Canada, LLC, in an effort to get paid on about $43 million in what they claim are overdue bills.
>> Read Article
ThirdLove In Suit Over $5 Million In Damages
Magic Link, a producer of intimate apparel with production facilities in Asia, is in the midst of a court case with the retailer ThirdLove, in which Magic Link seeks damages in excess of $5 million.
>> Read Article
Official Announcment: Curve LA, Feb. 23 & 24
While executives have been quietly discussing the possibility for months, Curve has finally officially announced a new lingerie and swim show to be held this February 23 and 24 at the Westdrift Manhattan Beach Hotel in California.
>> Read Article
VS, Pink Q3 Comps -7%; Large Charges Taken
Victoria’s Secret and Pink parent L Brands reported a third quarter loss of $252.0 million on sales of $2.677 billion, compared to a loss of $42.8 million on sales of $2.775 billion in the same period last year.
>> Read Article
Analysts: Troubles Ahead For Amazon As Nike Departs
Nike recently decided to stop wholesaling its products to Amazon Retail, prompting a variety of assessments from analysts and the business media, many of them suggesting there are serious problems ahead for the online behemoth.
>> Read Article
Delta Galil Q3 Sales +20%, Net Income +46%
Delta Galil’s third quarter sales rose 20%, to $446.1 million, up from $370.8 million in the third quarter of 2018. Meanwhile net income jumped 46% to $14.0 million, compared to $9.6 million in the three months ended September 30, 2018.
>> Read Article
Tefron Q2: Revenues $40.2M; Profit $306,000
Tefron Q2 net income fell to $306,000 on revenues of $40.2 million, compared to a profit of $1.0 million on revenues of $41.8 million in the three months ended June 30, 2018.
>> Read Article
Hanes Innerwear: Sales -3.5%, Operating Profit -8.1%
HanesBrands Innerwear segment sales declined 3.5%, while segment operating profit fell 8.1% in the third quarter. For the company as a whole, however, total sales rose 1.0% and net income jumped 9.5% in the three months ended September 28, 2019.
>> Read Article
iFabric Q3 Sales -31%; Loss Hits C$646,819
iFabric sales in the third quarter fell by 31% to C$2,284,507 (Canadian dollars) or about $1.75 million (at current exchange rates). Meanwhile the net loss for the three months ending June 30, 2019 jumped to C$646,819 (about $495,000), up from C$171,701 (about $131,000) in the same period last year.
>> Read Article
Destination Filing Hits Many Apparel Firms
Asia Creative Limited /Dora Lau, a prominent intimates producer, as well as several other apparel makers, were among the creditors with the largest unsecured claims as the retailer Destination Maternity filed for chapter 11 bankruptcy protection in late October.
>> Read Article
Apparel Firms Hit By Forever 21 Bankruptcy
Many apparel firms took a hit when Forever 21 filed its voluntary chapter 11 bankruptcy at the end of September. They make up many of the company’s top unsecured creditors.
>> Read Article
Kauffman Is President Wacoal America
Wacoal America announced at the start of October that Mitch Kauffman, who has been with the company for almost four years, most recently as SVP sales and marketing, has been named president, and will add the title of CEO in March 2020.
>> Read Article
Naked Cuts Debt, Delays Financial Reporting
Naked Brand Group Limited postponed reporting its financial results for the first half of fiscal 2020 (the six months ended July 31, 2019), saying it expects to present them “in the fourth quarter of 2019 in conjunction with a business update conference call.”
>> Read Article
PVH Reports Rise In Q2 Sales And Earnings
As he discussed PVH’s second quarter, CEO Manny Chirico affirmed that PVH’s “underwear business is one of our most profitable business categories that we operate.”
>> Read Article
Gilly Hicks Parent Posts $31.1 Million Q2 Loss
Lingerie brand Gilly Hicks received little mention as parent company Abercrombie & Fitch reported a second quarter loss of $31.1 million on sales of $841.1 million, compared to a loss of $3.9 million on sales of $842.4 million in the same period last year.
>> Read Article
Wacoal: Weak Sales At U.S. Department Stores
Wacoal reported “weak over-the-counter sales at department stores” in the U.S. for the quarter ended June 30, which led to a decrease in operating income. Exact details of the performance in this country was masked by the fact that the international firm combines the results for different continents in some of its reporting.
>> Read Article
Q2 Comps, Sales, Profits All Fall At VS, Pink
In the second quarter, combined online and comparable store sales for Victoria’s Secret and Pink in the U.S. and Canada fell 6%. Comps for those stores alone were down 9% from the same quarter last year.
>> Read Article
Delta Galil’s Q2: Sales +10%, Income -22%
Delta Galil’s Q2 sales rose 10% while net income fell 22%. For the three months ended June 30, 2019 the firm made $5.07 million on sales of $373.89 million compared to $6.46 million on sales of $338.91 million in the same period last year.
>> Read Article
Details Of Wacoal’s Acquisition of Lively
In a surprising move, Wacoal International Corporation, parent company of Wacoal America, Inc., acquired at the end of July the Lively lingerie brand for $85 million plus additional earnouts based on future performance.
>> Read Article
Moore To Head Delta Galil’s Mass Division
Delta Galil named Steve Moore president, Mass Division of Delta Galil, describing him as “a highly accomplished mass merchandising executive with more than 25 years of experience, including at Gildan Activewear and 14 years at Hanesbrands, Inc.”
>> Read Article
Silverstein Is President Of 7 For All Mankind
Delta Galil Industries, Ltd. named Suzanne Silverstein president of its 7 for All Mankind division, a move that returns her to the brand.
>> Read Article
Soma’s Parent Rejects Latest Sycamore Offer
On June 27, Soma’s parent Chico’s FAS again rejected an acquisition offer from Sycamore Partners. The latest bid was for $3 a share, following one for $3.50 on May 10 of this year, and another for $4.30 in April.
>> Read Article
To read more news, please choose the category from the news category section.
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