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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.

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).

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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.

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Calida: $10.8 Million Loss, Sales Fall 18.8%

Lingerie on the Calida website.

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.

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Dreamgirl 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.”

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La 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.

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NuBra: Then And Now, Made In The U.S.A

NuBra’s bra molding facility in California.

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.

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Monique 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.

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Shapeez: Consistently A Five-Star-Review Brand

The Ultimate and The Silkee Tankee

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.

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Delta 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.

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HanesBrands 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.

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Interacting 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).

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Valens: 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).

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Babydolls 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.

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Revzen: Importance Of Sustainable Packaging

Dreamgirl has just converted all of its packaging to a sustainable format. BODY Publisher Nick Monjo interviewed president Barry Revzen.

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Perseus 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.

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PVH Q1 Sales -43%, Online Revenue +47%

Examples from the CK One underwear collection.

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.

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Obsessive: 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.

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Comfeez 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.

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iFabric 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.

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Victoria’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.

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Soma’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.

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Aerie 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.

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TLC: 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.

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Youmita: 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.

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Monique 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.”

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VS 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.

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Huge Net Loss, 19.2% Sales Drop At La Perla

Mosaic Motif bra ($465) and brief ($240) on the La Perla website.

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.

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Dreamgirl: 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.

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Sales 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.

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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.
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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.
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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



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