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| Industry Releases |
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Furry Hood from Leg Avenue.
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A 2011 costume style by Lip Service.
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Made In Femmes: Taupe shorty.
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Spanx: On Top And In Control Line
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Oh La La Cheri: Strawberry pink pucker ruffle bra and matching thong.
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Rui Glamourous: Kimono close up.
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BUY Listing
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Love+Grace Unveils Pastels For Spring 2014
California-based luxury loungewear and sleepwear brand Love+Grace has focused on flirty, feminine pastels for its spring 2014 collection.
» I want to read more and receive info from Love GraceDa Campo No Longer VP Sales At Leg Avenue
Manuel Da Campo has left his position as vice president, sales at Leg Avenue. Da Campo had been with the company for almost three years. The executive jointed the company as director of international sales
» I want to read more and receive info from Leg AvenueDirty Dolls: Camisole Bra, Boudoir Corselette
Dirty Dolls Lingerie, a firm that makes retro-inspired intimate apparel in larger cup sizes, has just added two new styles to its collection, a camisole bra and a boudoir corselette.
» I want to read more and receive info from Dirty Dolls LingerieErica M. Reveals Some Secrets Of Her Hosiery
BODY associate publisher Ted Vayos asked designer Erica M. about her new hosiery company in this exclusive interview.
» I want to read more and receive info from Erica M.Intimacy, Down to 15 Stores, Plans Comeback
The number of Intimacy lingerie stores in the U.S. has dropped to 15 after approaching 20 in 2012, but there are plans to open four new door in the years ahead.
» I want to read more and receive info from Van de VeldeTotal Stockroom Adds Two Laser Cut Panties
Total Stockroom, which produces intimates under Coobie Seamless Bras and Undie Couture by Lauren Copeland labels, has added a new collection of laser cut panties under the Copeland brand which will ship in late May.
» I want to read more and receive info from CoobieHeaven Scent: Lingerie With Pleasing Perfume
Heaven Scent is a line apparel to which various scents have been applied, — pants, shirts, tank tops, lace camis, sweatshirts, shorts and, yes, intimate apparel. What you smell ranges from “flowers, perfumes, candies, fruit, even marijuana” according to Monika Casillas, creative director, who was showing the lingerie portion of the collection — which, according to her, makes up about 60% of the total — at the recent International Lingerie Show in Las Vegas (ILS).
» I want to read more and receive info from Heaven ScentKoral: Sophisticated Activewear, Loungewear
Koral Activewear has launched a new activewear and loungewear collection representing a collaboration between Los Angeles designer Peter Koral and Brazilian-born fashion designer Ilana Kugel.
» I want to read more and receive info from KoralBlue Moon Lingerie: UK Distributor’s 10th Year
U.K.-based Blue Moon Lingerie is celebrating its 10th year as a worldwide wholesale distributor of sexy lingerie brands including Leg Avenue and Coquette.
» I want to read more and receive info from Blue MoonBra Maid: New Method For Brassiere Cleaning
Tossing a bra in the washing machine can be an easy alternative to hand-washing delicates, but a machine’s agitator can result in tears, twisted wires or misshaping. The Bra Maid, however, allows women to wash their delicates in a machine without the risk of ruin.
» I want to read more and receive info from Bra MaidNotsocks: New Sockless Hosiery Solution Item
Wearing shoes without socks is common for reasons of fit or fashion, but even if a shoe is designed to be worn without socks, sweat could ruin it. Notsocks were designed to keep wetness and odors at bay and shoes intact.
» I want to read more and receive info from Notsocks2014 Catalog By Hauty, Golyta’s Sexy Brand
Hauty, the sexier, new division of Golyta (and a sister brand to the firm’s iCollection), just released its second catalog. Styles will be available by April.
» I want to read more and receive info from HautyiCollection Launches 2014/15 Box Collection
iCollection is launching its 2014/2015 Box Collection which “features ultra-sexy, role-play and bridal lingerie, in addition to hosiery and accessories,” according to the firm.
» I want to read more and receive info from iCollectionNew Shirley: Low Cost Corsets, Peignors, Dance
Shirley of Hollywood is launching two new projects: Shirley VIA and Body Shot. The first is a lower priced collection which will include, to start, short peignoir sets and corsets. The second is a dancewear and lingerie collection created with Shirley’s “backing” and in conjunction with Steve Marsili, a manufacturer’s rep who, in past years, worked with both Shirley and Body Zone.
» I want to read more and receive info from Shirley of HollywoodRetailersProtected.com: New Website, Seal
A new website and resource center is under construction with the goal of identifying and supporting those wholesalers which do not sell their products direct to consumers: http://www.retailersprotected.com/.
» I want to read more and receive info from Julie FranceSNOA Sleepwear: Signs CMK, Plans Expansion
SNOA Sleepwear recently reached an agreement with CMK Distinctive Brands for that firm to provide its distribution and marketing services. An aggressive effort to increase SNOA’s visibility among U.S. retailers has already begun.
» I want to read more and receive info from SNOA25-30 Aerie Intimates Stores To Close in 2014
American Eagle Outfitters Inc. announced it will close “25 to 30” of its aerie intimates stores in 2014, this coming after it already closed 29 in its 2013 fiscal year. The closings come as the firm as a whole reported sharply lower earnings for the year ended February 1, 2014.
» I want to read more and receive info from AerieParisa Intimates: Cohen In, John Bowman Out
Paul Cohen, who has had an extensive career in the intimate apparel and footwear field, has been named to head up sales and marketing for the Parisa Intimates brand as well as private label lingerie he told BODY during a phone interview today.
» I want to read more and receive info from ParisaWho’s Opened 6 Times More Stores Than VS?
Recently, some lingerie chains are racing to close stores. Frederick’s of Hollywood just closed 16 in the last three months and continues to lose money. And Abercrombie has, over the last few months, closed all of its 28 Gilly Hicks lingerie shops. But there is one retailer that has been rapidly opening intimates stores in the U.S. and is finding profits in the category.
» I want to read more and receive info from SomaCroota Underwear: Men’s Spring 2014 Lines
California- and Australia-based men’s brand Croota has announced the re-release of two popular underwear ranges along with the spring 2014 roll out of new products.
» I want to read more and receive info from CrootaJournelle: Private Label, Victoria’s Secret Hire
Journelle, the multi-brand lingerie retailer, a majority stake of which is owned by Triumph, is planning to launch a “private label collection for Holiday 2014” and hired in January a former Victoria’s Secret designer as a “senior designer.”
» I want to read more and receive info from JournelleLatest Soma Bra Cups: "56% More Airflow”
Soma, a division of Chico’s FAS, Inc., has launched its “Breathe Beautifully” bra collection with under wire cups that it claims allow “56% more airflow” than similar cups from five, un-named, major competitors.
» I want to read more and receive info from SomaGreenice At MAGIC, Focuses On U.S. Market
Tina Yang was at MAGIC showing buyers the Greenice line of lingerie, leggings, men’s underwear and related seamless apparel, produced by Songsong, Inc. in China.
» I want to read more and receive info from GreeniceCourtaulds Reveals Big Reliance On Prym Items
Courtaulds, which claims to be the largest producer of intimate apparel and hosiery in Britain, manufacturing for several of the most prominent brands and retailers. It also owns several significant brands itself, including Berlei, Gossard and Pretty Polly hosiery.
» I want to read more and receive info from Prym’Dry Babe’ Sleepwear Seeks To Add Retailers
Founder Wendy Collett brought her Dry Babe “absorbent sleepwear” to her first-ever trade show, Curve New York, in late February, seeking to expand her wholesale business. She offers several styles, in a variety of colors and sizes, with retail prices ranging from boy shorts for $19 on up to $90 for a maternity nightgown.
» I want to read more and receive info from Dry BabeStrong 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 Fuchsia2014 Raveware Catalog: Lingerie, Dancewear
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 RavewareYummie: 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.comTo read more news, please choose the category from the news category section.
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NPD: Tights Up 33%, Women’s Apparel 4%
The NPD Group estimated women’s apparel retail sales grew to $116.4 billion in 2013, a 4 percent increase over the $112.3 billion it estimated for 2012. And one particularly dramatic increase occurred in hosiery where “dollar sales for tights grew 33 percent in 2013.”
>> Read Article
Victoria’s Secret Comp March Sales Down 1%
“Victoria’s Secret North America March comparable store sales decreased 1%,” according to Amie Preston, chief investor relations officer at parent company L Brands.
>> Read Article
Frederick’s: Closes 16 Stores, Loses $5.1 M
Frederick’s of Hollywood Group Inc. lost $5.1 million in the fiscal second quarter 2014 on sales of $23.5 million, compared to a loss of $10.0 million on sales of $24.3 million in the same period last year.
>> Read Article
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.
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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.
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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.
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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.”
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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”).”
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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.
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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.”
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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.
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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.
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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.
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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.”
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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.
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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.
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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.”
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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.”
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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%).”
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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.
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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.”
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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.
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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.
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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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