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current issues
Download Printable pdf of issueU.S. Launch Successful, Ana Grant Adds Sizes
Ana Grant, the moderately-priced Canadian brand that launched in the U.S. last year, has just expanded its size range of its Daisy T-shirt bra to include DD, DDD and G. It has also expanded sizing on its strapless, Symphony bra to DDD.
» I want to read more and receive info from Ana GrantDoug Miller: Future of Halloween & Party Expo
Last November the Halloween Industry Association (HIA) and Urban Expositions announced they were acquiring the Halloween & Party Expo and would take over the event immediately following the 2015 edition. According to the partners, “Urban Expositions will be responsible for managing all aspects of the event including sales, operations, marketing and promotion with guidance and expertise provided by the Halloween Industry Association.”
» I want to read more and receive info from Halloween & Party ExpoBaci Lingerie Reports Successful ANME Show
Baci Lingerie and Envy Menswear reported a successful showing at the Adult Novelty Manufacturers Expo (ANME) Founders Show in Burbank, CA in January. “New collections and POS materials were met with excitement for an energized start to the new quarter,” according to a spokesperson.
» I want to read more and receive info from Baci LingerieFajas Diseños D’Prada: Compression Specialist
Fajas Diseños D’Prada is filling demands in the solutions market for “post-surgical care, postpartum wear, and daily-wear compression garments for men and women utilizing the utmost innovative technology, design, and quality,” according to a company spokesperson.
» I want to read more and receive info from Fajas Disenos D’PradaBumbrella: Panty+Slip Combo In March Launch
A new product combining the “comfort of a well-fitting panty with the convenience of an attached mini slip” called “bumbrella” (the designer does not capitalize the name) arrives in the market in March. It is the 2012 patent-pending invention of Tara Gallagher, founder of CiCi Soleil Ltd.
» I want to read more and receive info from bumbrellaKnock out! Introduces The "Sky Collection"
Knock out! is introducing the “Sky Collection” of three sky blue panty and two sleepwear styles for end of February delivery.
» I want to read more and receive info from Knock out!Agent Provocateur Sales, Income Up For Year
Agent Provocateur sales rose 36% for its fiscal year ended March 29, 2014, from “£39m to £53.1m” (or from about $59 million to about $80 million at current conversion rates) according to a company release. “For the second year in succession, EBITDA increased by over 50% year on year, growing from £6.2m to £9.6m” (about $9.4 million to about $14.5 million).
» I want to read more and receive info from Agent ProvocateurUnited Legwear In Joint Venture For Puma Kids
Puma and United Legwear & Apparel Co. LLC (ULAC), have entered into a “joint venture in North America for the production, sales, marketing, and distribution of Puma children’s apparel from infant through boys’ size 20 and girls’ size 16.”
» I want to read more and receive info from United LegwearFullbeauty Brands: New Name For OSP Group
OSP Group, which focuses on plus size apparel, including lingerie and underwear, has changed its name to Fullbeauty Brands.
» I want to read more and receive info from Fullbeauty BrandsChallenge Of Launching In The Luxury Sector
Madame Aime, the luxury intimates brand introduced last summer, stands out as something of a test case as to the viability for bras retailing for $280 to $320 as well as the sustainability of the practice of actually making lingerie in France (as opposed to “designing” it there and producing it elsewhere).
» I want to read more and receive info from Madame AimeShirley of Hollywood: New Distributor For UK
Shirley of Hollywood has a new, exclusive distribution agreement with Alterego for the UK and Ireland. Previously Shirley was distributed exclusively by Veritus UK Limited in the UK.
» I want to read more and receive info from Shirley of HollywoodNew CEO & New Stores For Hosiery Firm Fogal
The replacement of its CEO by a long time company executive were among several changes at Fogal, the Swiss hosiery firm, that were confirmed in an email message to BODY.
» I want to read more and receive info from FogalJustin Bieber Promoting Calvin Klein Underwear
Calvin Klein, Inc. has hired Justin Bieber, along with Dutch model Lara Stone, for its spring 2015 underwear and jeans “global multi-media advertising campaign.”
» I want to read more and receive info from Calvin KleinInterview: Fersten On Future For Body Hush
In mid 2014 Fersten Worldwide, a leading supplier of decorated women’s and men’s apparel, outerwear and headwear for the promotional market, purchased the Body Hush brand of shapewear. Body associate publisher Ted Vayos interviewed founder Mitchell Fersten about this takeover as well as future plans for the brand.
» I want to read more and receive info from Body HushLou: CMK Taking Over U.S. Sales, Distribution
CMK Distinctive Brands has taken over the “import and distribution of Lou,” as well as providing other marketing services for the brand in the U.S. Krista Tonra is no longer working with the brand and “the office at the Fruit [of the Loom] space [in Manhattan] has been closed” according to Russ Kelly of CMK.
» I want to read more and receive info from Lou LingerieHilfiger Signs Rafael Nadal For Underwear
The Tommy Hilfiger Group, a subsidiary of PVH Corp. has signed tennis star Rafael Nadal as its “global brand ambassador for the Tommy Hilfiger underwear and Tommy Hilfiger Tailored collections beginning in Fall 2015,” according to a company statement.
» I want to read more and receive info from Tommy HilfigerCatanzaro: A Valentine’s Box For Him and Her
Patrice Catanzaro has created a special promotion for Valentine’s Day and reports strong sales for its latest collection.
» I want to read more and receive info from Patrice CatanzaroAshish Sensarma Starts As Wolford CEO In Jan.
Wolford AG has appointed Ashish Sensarma CEO to start January 7th, 2015.
» I want to read more and receive info from Wolford‘Altered Chronology’ For Retail At Triumph
Some recent changes at the U.S. division of Triumph International, including a modification of its retail strategy, were confirmed in an email message from John Gorman, a company manager for North America.
» I want to read more and receive info from TriumphBlackspade Expanding Rapidly Across the U.S.
Blackspade, a brand from a leading Turkish maker of underwear and other apparel, launched in the U.S. in February 2014 and has already sold into a wide variety of stores. Expectations are high for further expansion in 2015.
» I want to read more and receive info from BlackspadeGolyta Releases Hauty Collection For 2015
Golyta, parent company to a number of intimates brands, has released the 2015 Hauty collection. The sexy, strappy brand was originally launched in 2014.
» I want to read more and receive info from HautySteven Bernstein Is VP, GM At QT Intimates
Q-T Intimates has hired Steven Bernstein as VP general manager. He starts on January 5th, 2015. Previously he had served as general manager of U.S. operations for Anita.
» I want to read more and receive info from QT IntimatesTriumph Recalls 22,000 Bras Sold In Japan
Triumph International is recalling about 22,000 bras because of under wires that “penetrate the tape” that covers them. The company claims that the bras, which were priced in the $48 to $53 range, were only sold in Japan.
» I want to read more and receive info from TriumphGym Membership Up? So Are Knock Out! Sales
In 2014, over 58.8 million people utilize gyms each year and the industry is growing according to the Bureau of Labor Statistics. How does this affect underwear?
» I want to read more and receive info from Knock outAffinitas 2015: ’Dark Romance,’ DDDD Sizes
Affinitas, a lingerie firm offering a broad array of styles, previewed some of the new products, colors and size extensions it will be rolling out to customers for Autumn/Winter 2015.
» I want to read more and receive info from Affinitas’Premium’ Corsets Make 2014 Daisy’s Best Year
“We paid a lot of attention to our retailers that clearly wanted a higher quality product,” said Daisy Corsets owner Mark Reynolds, in explaining the key reason 2014 turned out to be his company’s “strongest year yet.”
» I want to read more and receive info from Daisy CorsetsSo Why Does Ann Deal Love The Red Carpet?
Every time a female celebrity steps on to the red carpet wearing a dress that reveals almost too much, there is one woman who celebrates, no matter what the event or who designed the garment. That woman is Ann Deal, the owner of Fashion Forms.
» I want to read more and receive info from Fashion FormsErica M. Spring/Summer 2015 Hosiery & Cat Suit
Erica Young, the hosiery designer behind the Erica M. hosiery brand, recently introduced a Spring/Summer 2015 group that further expands her collection. The new styles are included in a new look book.
» I want to read more and receive info from Erica M.Janira Shapewear Plans On Expanding In U.S.
Janira, the Barcelona-made shapewear brand that, in recent years, has been expanding in the world market, is now taking aggressive steps to build its market share in the U.S.
» I want to read more and receive info from JaniraNov. VS Store Sales Up 6%, Direct Down 5%
Sales at comparable Victoria’s Secret stores in the U.S. and Canada rose 6% in November over the same month last year, while Victoria’s Secret direct sales dropped 5%. Meanwhile, comparable store sales for the entirety of parent company L Brands, Inc., which also operates Bath & Body Works, La Senza and Henri Bendel stores, rose 8% for the four weeks ended November 29, 2014.
» I want to read more and receive info from Victoria’s SecretQ-T and Crème Bralée: 10% Off For Valentine’s
The holiday of romantic love and sweet sensations, Valentine’s Day is known for giving thoughtful cards, lavish flowers, and dreamy presents for that special someone. Celebrate love with a gorgeous set of intimates from Q-T Intimates and Crème Bralée Intimates. For the month of February, Q-T Intimates and Crème Bralée Lingerie are offering a special promotion to retailers: 10% off any 10 pieces of our red, pink, or sexy styles.
» I want to read more and receive info from QT IntimatesSoma Reports 22nd Qtr. Of Comp Store Growth
Soma Intimates recorded its “22nd consecutive quarter of positive” comparable store sales,” expects to open a net 31 new stores by the end of this year and “19 to 22” in 2015, and is projecting to eventually have open “600 plus” Soma stores. This information came from executives at parent company Chico’s FAS, Inc. as they commented on the firm’s third quarter 2014 financial results.
» I want to read more and receive info from SomaElila Will Deliver New Shapewear In March
Elila, the lingerie brand that focuses on the full figure woman, is scheduled to deliver two new shapewear pieces to stores in mid-March. The Leopard Highwaist Shapewear and Leopard Highwaist Long Leg Shapewear, which both feature the animal pattern in the lace, range in size from medium to 5XL, and offer “boning to prevent rolling,” as well as “butt-lifting action.”
» I want to read more and receive info from ElilaWood Underwear Offers XXL For Some Styles
Wood Underwear, LLC, has added “XXL sizes” to “select styles and colors” in its existing line of men’s under garments, including boxer briefs and loungewear and in such colors as black, heather grey and navy.”
» I want to read more and receive info from Wood UnderwearUnited Legwear Making 2(X)IST Men’s Socks
2(X)IST has entered a license agreement for men’s socks with United Legwear Company, LLC. The hosiery, including “men’s performance and lifestyle athletic socks as well as everyday essentials in prints and patterns,” is scheduled to be in stores for fall 2015.
» I want to read more and receive info from United LegwearKomar Moving 500 To Jersey City In Q3 2015
“We are moving to 90 Hudson Street in Jersey City,” Charles Komar, CEO of Komar, Inc. the giant sleepwear, loungewear and intimates firm, wrote BODY in an email message. According to published reports Komar currently employs almost 500 workers at three Manhattan locations: 183 Madison, 135 Madison and 16 East 34th Street.
» I want to read more and receive info from KomarPatrice Catanzaro Set To Launch ‘Tome 12’
Patrice Catanzaro, the French fetish designer, discussed his new collection, Tome 12, scheduled to launch at the upcoming Salon International de la Lingerie in Paris, January 24 through 26.
» I want to read more and receive info from Patrice CatanzaroUrban, HIA Take Over Halloween & Party Expo
The Halloween Industry Association (HIA), a manufacturer-centric industry group, announced that it and Urban Expositions, a large show promoter, acquired the Halloween & Party Expo. The Expo had been operated as an limited liability corporation in recent years by members of the Erwin family, owners of Erwin Distributing Co. Inc.
» I want to read more and receive info from Halloween and Party ExpoFit Fully Yours Launches New Colors & Styles
Fit Fully Yours, a firm that has grown rapidly by specializing in attractive bras in the fuller cup sizes, has just launched a new group, the Gloria Collection.
» I want to read more and receive info from Fit Fully YoursReliable Seasonal Trend: TC’s Strapless Shapers
One reliable seasonal trend is that sales of strapless shapewear “tend to pick up with all the holiday dresses” that are worn this time of year, reported Eric Crawford, national sales manager at Cupid Foundations. “Women are always looking for a one-piece garment that will smooth them and support them. Our TC brand offers three such all-in-one garments.”
» I want to read more and receive info from Cupid FoundationsKnock out! Celebrating 5 Year Anniversary
Knock out!, the company which launched with its patented “Smart Panties,” celebrates a its five year anniversary in December. Since its founding the company has added several new solutions products and placed its intimates in hundreds of stores in the U.S. and around the world.
» I want to read more and receive info from Knock outSoma Says No Violation Of Wink Bra Patents
Chico’s FAS, the firm that owns the Soma lingerie brand and stores, asked a U.S. district court in Florida in mid-November, for a declaratory judgment dismissing claims of patent infringement by Wink Intimates, a Canadian firm. Chico’s also asked the court to prohibit “defendants from making further claims of litigation against Chico’s for patent infringement” and to award “Chico’s its attorneys’ fees and costs.”
» I want to read more and receive info from SomaCoobie’s Catalog: Many New Styles, Colors
Total Stockroom, the maker of the Coobie seamless bras, as well as other intimate apparel and hosiery, has just added several new styles and products, as well as new colors, to its already large assortment.
» I want to read more and receive info from CoobieClover Group Close To Naming Dyeing Partner
Angie Lau, CEO at Clover Group, a large Asian producer of intimate apparel, told BODY over tea in the lobby of the Pierre Hotel in November that she was close to announcing a U.S. partner for the new Go! Color bra dyeing process announced last summer at the Paris Mode City lingerie show.
» I want to read more and receive info from Clover GroupNasty Gal Opens First Store In Hollywood
Nasty Gal, the online store that offers a wide range of apparel from dresses to coats (as well as an extensive collection of swimwear and lingerie), has just opened its first retail location at 8115 Melrose Avenue in Hollywood.
» I want to read more and receive info from Nasty GalSuccess With ’Jercho’ Campaign For Fantasy
Fantasy Lingerie reported “tremendous success with its participation in EMG’s nationwide radio promotion for author Ginger Jamison’s new romance novel, Jericho. The campaign, spanned “10 Nielsen Audio rated U.S. markets” and “featured a Fantasy Lingerie shopping spree as its grand prize,” according to the firm.
» I want to read more and receive info from Fantasy LingerieShapeez, Continuing To Innovate, Grows In 2014
“We’re having our best year ever,” declared David Berner, CFO at Shapeez, while explaining in detail which products led the way, and previewing upcoming releases that he predicted will accelerate growth in 2015.
» I want to read more and receive info from ShapeezIn Halder, Amoena Has 3rd Owner In 8 Years
Amoena, a sizable Germany-based producer of breast forms and pocketed lingerie and apparel used by women after mastectomy, has its third owner in eight years.
» I want to read more and receive info from AmoenaOh La La Cheri Names Bartling Brand Director
Oh La La Cheri named Lisa Bartling as its marketing and brand director. Most recently she was the head buyer for intimates at the retailer Romantix, based in the Los Angeles area, and has now moved to Miami.
» I want to read more and receive info from Oh La La CheriMore Swim Suits For Espiral’s AM:PM Brand
Anticipating “a great year for swim,” AM:PM, the resort wear brand from Espiral is, for the second year in a row, dramatically expanding the number of bathing suits it is offering. The label is also moving up the release of its catalog to February to get product to consumers earlier.
» I want to read more and receive info from EspiralLaundry by Shelli Segal Now Goes To Undergirl
In a second try in two years, Perry Ellis International, Inc. has entered into a licensing agreement with Undergirl under which that company will “design and distribute intimates including shape-wear, sleepwear, loungewear and robes under the Laundry by Shelli Segal brand in the United States and Canada.”
» I want to read more and receive info from UndergirlTo read more news, please choose the category from the news category section.
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Intimacy ’14 Sales Drop, Rest Of Van de Velde Up
The Intimacy chain of lingerie shops in the U.S. continue to be a drag on the otherwise positive results for Belgian parent company Van de Velde. In reporting its company-wide 2014 results it acknowledged “A fall in retail turnover at Intimacy by 16.7% (12.0% on a like-for-like basis) in local currency.”
>> Read Article
Victoria’s Secret Sales Rose 3% In December
December sales at Victoria’s Secret stores in the U.S. and Canada rose 3% in December 2014 when compared to the same month in 2013. Meanwhile, Victoria’s Secret direct sales dropped 1%.
>> Read Article
Charney Out, Buy Offer At American Apparel
American Apparel received a takeover offer in mid-December from an investor, shortly after the company terminated Dov Charney, its former CEO. Paula Schneider, an executive with experience as president or senior officer at Warnaco, Gores Group, BCBG Max Azria, and Laundry by Shelli Segal, has been named as the new CEO as of January 5th, 2015.
>> Read Article
Hanes Q3 Sales Up 17%, But Income Drops 5%
HanesBrands reported 5% lower income of $118.9 million on 17% higher sales of $1.40 billion for its third quarter ended September 30, compared to income of $125.3 million on sales of $1.20 billion for the same period last year.
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Delta’s $1B Trajectory: Q3 Sales, Income Rise
Still on target to surpass $1 billion in sales, for the first time in a fiscal year, Delta Galil reported rising income of $13.8 million on higher sales of $267.2 million for the quarter ended September 30. This compares to income of $12.7 million on sales of $257.2 million for the same period last year.
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’Poor Performance’ By B.Tempt’d & Eveden
Wacoal’s worldwide sales fell 2.4% for the six months ended September 30, but net income rose 1.5%. The Japan-based firm, which does 83% of its business in Asia, noted that in the U.S., “sales at department stores, which are our major clients, remained unchanged” from the same period last year, but admitted “Sales from our b.tempt’d brand, featuring simple design, showed poor performance,” as did its Eveden products.
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Intimacy Down But Van de Velde Up In First Half
Parent company Van de Velde reported an overall rise of 9.4% in sales in the first half of 2014. But at its U.S. retail division, Intimacy, there was a “fall in retail turnover ... by 22.7% (14.1% on a like-for-like basis) in local currency. Due to the weakening of the US dollar against the euro, the fall in euro was greater.”
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Victoria’s Secret Direct Sales Up 8% In August
Victoria’s Secret direct sales rose 8% in August, while Victoria’s Secret comparable stores sales in the U.S. and Canada rose 5%. Year to date, however, direct sales are up only 1%, while comparable store sales are up 3%.
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Victoria’s Secret Comp Stores Up 5% In July
Victoria’s Secret July comparable store sales rose 5% and Victoria’s Secret direct sales rose 1%. Meanwhile parent company L Brands, Inc. reported “net sales of $735.3 million for the four weeks ended August 2, 2014, an increase of 8 percent, compared to net sales of $678.4 million for the four weeks ended August 3, 2013.”
>> Read Article
Income Up, Sales Down At Yarn Maker Unifi
Yarn maker Unifi, Inc. reported a higher net income for the 52 week year ended June 29, 2014, of $28.8 million on lower sales of $687.9 million. In the 53-week fiscal year that ended June 30, 2013 the company reported net income of $16.6 million on higher sales of $714.0 million.
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Delta Galil: Sales, Income Up In 2nd Qtr.
Delta Galil’s second quarter sales and earnings were both up over the same quarter last year, continuing to propel the firm towards its first fiscal year with sales over $1 billion. In fact, the company has “already reached that milestone during the four quarters ended June 30, 2014,” noted CEO Isaac Dabah in comments accompanying the financial release.
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UK La Senza Lingerie Stores In Administration
Marnixheath Limited, which controls the La Senza lingerie chain of 55 stores in the UK, has been placed into administration, a legal status similar to bankruptcy. La Senza operations in other parts of the world are controlled by L Brands and are unaffected by the move.
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Victoria’s Secret Stores Up 3%, Direct Up 6%
“Victoria’s Secret stores North America June comparable store sales increased 3% driven by increases in lingerie and Pink” while June sales at Victoria’s Secret direct rose 6% over the same month last year, according to Amie Preston, chief investor relastions, at parent company L Brands.
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Hanes To Buy European Underwear Firm DBA
HanesBrands announced today intends to acquire DBApparel of France, an underwear and hosiery producer, from Sun Capital Partners, Inc. for a purchase price of “€400 million on an enterprise basis (approximately $550.”
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Gildan Activewear Agrees To Acquire Doris
Gildan Activewear, Inc. announced it has signed an agreement to “acquire substantially all of the assets of Doris Inc. (Doris), a marketer and manufacturer of branded sheer hosiery, legwear and shapewear products to retailers in Canada and the United States." The initial purchase price is approximately $101.4 million.
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Soma’s Parent May Be Considering Takeover
Chico’s FAS, Inc., in early June, was widely reported to be in preliminary discussions to consider the option of a private equity buyout or some type of takeover, this leading to a significant jump in its stock price. One of the firm’s best-performing divisions is Soma, a retailer of intimates, sleepwear and loungewear.
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VS Direct Down 10%, Stores Up 2% For May
While Victoria’s Secret North American comparable store sales for May rose 2%, and Victoria’s Secret direct sales declined 10%, parent company L Brands reported a company-wide net sales increase of 4%.
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L Brands Income Rises, VS Strategies Adjusted
In the conference call to discuss its first quarter earnings, L Brands acknowledged a modest reduction in the number of U.S. lingerie stores it plans to open this year, said it is exiting some apparel and make-up categories, and confirmed its emphasis on opening new Pink stores as opposed to Victoria’s Secret stores in this country.
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Frederick’s Completes "Going Private" Deal
The acquisition of Frederick’s of Hollywood Group Inc. by “HGI Funding LLC, a wholly owned subsidiary of Harbinger Group Inc., and certain of the company’s other common and preferred shareholders” was approved May 28th “by over two-thirds of the aggregate voting power of the company’s common stock.”
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Delta Galil: 1st Quarter Net Income Up 40%
Delta Galil is off to a great start in 2014. First quarter net income soared to $9.3 million, 40% above the same quarter last year, while sales also rose, and the company raised its sales guidance for the full year — now even further above the $1 billion mark than it had originally predicted.
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Victoria’s Secret Store Sales Rose 8% In April
Victoria’s Secret comparable store sales for April, in the U.S. and Canada, rose 8% over the same month last year. Meanwhile, Victoria’s Secret Direct sales dropped 3% from last year.
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Victoria’s Secret: 50 New U.S. Stores In 2014
The number of Victoria’s Secret stores here and around the world will take another big jump in 2014, most likely topping 1,100 in the U.S., according to parent company L Brands’ annual report for 2013 and information released during the firms 4th quarter conference call.
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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.”
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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.
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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.
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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.
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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.
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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.
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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).
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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.”
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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.
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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.
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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.
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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).
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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.
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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.
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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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