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Latest looks from Zaray.
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Espiral Fall in Love Style.
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Taubert: Leopard trim black dressing gown with matching slippers.
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Party King Adds ‘Split Personality’ Costumes
Party King, sister company to Raveware Lingerie (both divisions of LRS Apparel Ltd.), has launched a new “Split Personality” costume collection (also know as Half/Half Costumes) that each combine two different (but associated) characters.
» I want to read more and receive info from RavewareKay LeGrange Named Hanky Panky SVP, Sales
Kay LeGrange has been named senior vice president of sales at Hanky Panky. Brenda Berger, formerly a sales executive at the company, has left.
» I want to read more and receive info from Hanky PankyAffinitas Moves, Intros New Lines for Fall 2014
Lingerie producer Affinitas has unveiled its Affinitas Intimates and Parfait by Affinitas 2014 collections. The firm also announced it is moving its offices and warehouse this month from Los Angeles to a new location that is twice the size at 17300 Railroad Street, Unit C, Industry City, CA 91748.
» I want to read more and receive info from AffinitasPrather Named President At Legging Maker Lysse
Juliana Prather has been named president at Lysse (a firm that specializes in leggings, but also sells some tops) where she will “oversee and be responsible for all aspects of the business” according to a company announcement. She is based at the firm’s New York City headquarters.
» I want to read more and receive info from LysseTriumph: Lingerie Store In Westfield, March ’14
Triumph, the giant intimate apparel producer and retailer, is continuing its expansion in the U.S. with a retail store scheduled to open March, 2014 in the Westfield Garden State Plaza shopping center. According to a statement from the center, the Triumph lingerie store will be part of its new “premium fashion district.”
» I want to read more and receive info from TriumphFashion Forms Expands Consumer Ad Campaign
Fashion Forms continues to advertise its products prominently to consumers, with advertisements recently appearing in such publications as InStyle, OK! and Star. The program is significant in that the firm is one of a relative few intimate apparel makers advertising aggressively to consumers.
» I want to read more and receive info from Fashion FormsHalloween 2013: Better Year For ITZAPARTY!
Ted Vayos, associate publisher of BODY, interviewed several Halloween costume retailers about their experiences in the market this past season. According to most, sales were better this year than those in the recent past. A number of store interviews will appear in this series over the next few weeks.
» I want to read more and receive info from ITZAPARTYHalloween 2013: Report From The Party Shop
Ted Vayos, associate publisher of BODY, interviewed several Halloween costume retailers about their experiences in the market this past season. According to most, sales were better this year than those in the recent past. A number of store interviews will appear in this series over the next few weeks.
» I want to read more and receive info from The Party ShopHalloween Mega Stores: How We Did In 2013
Ted Vayos, associate publisher of BODY, interviewed several Halloween costume retailers about their experiences in the market this past season. According to most, sales were better this year than those in the recent past. A number of store interviews will appear in this series over the next few weeks.
» I want to read more and receive info from Halloween Mega StoresPerformance Studios On Halloween 2013 Sales
Ted Vayos, associate publisher of BODY, interviewed several Halloween costume retailers about their experiences in the market this past season. According to most, sales were better this year than those in the recent past. A number of store interviews will appear in this series over the next few weeks.
» I want to read more and receive info from Performance StudiosHalloween 2013: What Worked For Frank Bee
Ted Vayos, associate publisher of BODY, interviewed several Halloween costume retailers about their experiences in the market this past season. According to most, sales were better this year than those in the recent past. A number of store interviews will appear in this series over the next few weeks.
» I want to read more and receive info from Frank Bee StoresYunis Previews Spring Vegas Halloween Show
BODY publisher Nick Monjo interviewed Specialty Trade Shows president Jeff Yunis about his upcoming Las Vegas Halloween Show and Las Vegas International Lingerie Show both running March 31 through April 2, 2014.
» I want to read more and receive info from International Lingerie ShowDramatic Photography Speeds Sportee Launch
Shapeez reports that the launch of its new Sportee sports bra has been so strong — perhaps helped by the dramatic way the company chose to portray the bra in photos — that it completely sold out of its initial shipment. (But not to worry, follow up deliveries of the bra have already arrived).
» I want to read more and receive info from ShapeezVictoria’s Secret Travel Shop Opens At LAX
Victoria’s Secret has opened, in partnership with travel retail specialist Hudson Group, a new “Beauty & Accessories store” in the Tom Bradley International Terminal (TBIT ) in Los Angeles International Airport. While the brand’s perfumes, vast array of beauty products and apparel accessories are the focus, the shop also carries a selection of panties.
» I want to read more and receive info from Victorias SecretSelling Point: Julie France Loop and Strap
Julie France Body Shapers, a division of dance and fitness apparel manufacturer Eurotard, reports that the “revolutionary loop and strap system” it developed for use on its shape wear, has become a significant selling point with consumers.
» I want to read more and receive info from Julie FranceKokeshii: Hand-Making Intimate Apparel in NY
“Dress up your daydreams” is Kokeshii designer Samantha Tharler’s mission statement, and her new, handmade intimate apparel collection certainly helps to do just that, combining contrasting colors, unique surface design techniques and feminine embellishments to create one-of-a-kind looks.
» I want to read more and receive info from KokeshiiHouston Halloween Show: Satisfied Buyers
Citing reports that more than 158 million people worldwide celebrated Halloween to the tune of just under $7 billion in 2013, the 2014 Halloween & Party Expo stated it expects a strong showing of buyers from across the states and around the globe for its event at the George R. Brown Convention Center in Houston on Jan. 25 to 28, 2014.
» I want to read more and receive info from Halloween and Party Expo’Riviera’ By Curve: New California Swim Show
International trade show organizer Eurovet, which acquired CURVExpo Inc. in April 2012, announced the launch of Riviera by CURVExpo, a California swimwear and activewear market event that will first appear August 11-12, 2014, at the Hyatt Regency Beach Resort and Spa in Huntington Beach, Calif.
» I want to read more and receive info from CurvexpoWiesner Products Signs Deal for Marika License
New York-based Wiesner Products Inc. has inked a multiyear licensing deal for hosiery under the bodyshaping activewear brand Marika.
» I want to read more and receive info from Wiesner ProductsPretty Polly Adding Intimates Line in 2014
Pretty Polly, the U.K. hosiery firm, is launching a collection of lingerie and sleepwear, “in love with Pretty Polly” which is “set to hit the US market at the beginning of 2014,” according to the company.
» I want to read more and receive info from Pretty PollyDreamgirl Catalog: New 2014/2015 Collection
Dreamgirl has just publlshed its 2014/2015 Collection catalog, a 268 page monster, encased in a snakeskin cover with a cut-out peep hole that reveals a model in a strappy mesh and gold chain fringe bra and thong set.
» I want to read more and receive info from DreamgirlAnita Adds New Pastel Colors to Popular Lines
German lingerie maker Anita International has expanded the colorways for its popular Rosa Faia division for spring 2014, adding two feminine pastel shades to existing lines: Orchid for its Lace Rose range and Soft Aqua for its Scarlett range.
» I want to read more and receive info from AnitaSharon Stone Wears Affinitas Bra in Tatler
Actress Sharon Stone appeared in the November 2013 issue of Russian fashion magazine Tatler wearing a bra from Affinitas Intimates’ bridal line, according to the wholesaler.
» I want to read more and receive info from AffinitasEsty Lingerie’s 2013 Design Contest Winner
Bristol, U.K.-based intimate apparel retailer Esty Lingerie announced the winner of its third annual lingerie design competition, which was based around flower-inspired designs.
» I want to read more and receive info from EstyFreshpair Adds Cristiano Ronaldo Underwear
Freshpair.com, one the largest intimate apparel e-tailers in the United States, has inked a deal to feature U.S. online debut of men’s underwear line CR7, a collection by Portuguese soccer player and heartthrob Cristiano Ronaldo.
» I want to read more and receive info from Cristiano RonaldoMareDiModa Reports Uptick In Show Visitors
The 12th annual MareDiModa, the international swimwear, beachwear and lingerie fabrics and accessories festival in Cannes, France, reported a 3 percent uptick in visitors during its run on Nov. 5-7, 2013, at the Palais des Festivals.
» I want to read more and receive info from MareDiModaWalmart Selling Loving Moments Exclusively
Leading Lady, a maternity and nursing apparel company, has arranged to sell, exclusively, its Loving Moments line of bras, tops, support bands and leggings at Walmart locations and Walmart.com.
» I want to read more and receive info from Leading LadyWear Me Out Introduces Several New Colors
Activewear and casual apparel brand Wear Me Out Clothing has added new colorways perfect for holiday shopping to its line of clothing perfect for yoga, boxing, or grabbing coffee on the go.
» I want to read more and receive info from Wear Me OutEaston Picked To Sell Aubade In U.S. Market
Aubade signed this month a “long term,” and “exclusive” distribution agreement for the U.S. with Easton International, the powerhouse sales organization, according to Easton owner Russ Klein.
» I want to read more and receive info from EastonForplay’s Best-Sellers For Halloween 2013
Each Halloween is different, and the recently-passed holiday was no exception when it came favorite costumes. Sexy apparel company Forplay revealed that its top-selling women’s costumes depicted sultry superheroes. It is a trend we have seen across several brands, with many retailers reporting heroes surpassing pirates as their best-sellers.
» I want to read more and receive info from ForplaySamantha Chang: Trunk Show at Lille Boutique
Lingerie designer Samantha Chang will have a trunk show at Portland’s Lille Boutique on Friday, December 13, 2013 from 5pm to 8pm according to the retailer.
» I want to read more and receive info from Samantha ChangElila: Jungle Collection For Full Figure Women
Elila has had a successful launch to its new “Jungle Collection” of intimates, specifically designed for full figure women, created using a “unique leopard jacquard” fabric. “We all feel sexy in animal prints...but this style arose from a desire to create a feminine style with a high level of support,” explained, Ellen Jacobson, its creator and owner of the brand.
» I want to read more and receive info from ElilaFemmy’s To The Bay, Lord & Taylor, Delta
The Under Fashion Club Femmy 2014 gala on February 4 will honor the Hudson’s Bay Company, Lord & Taylor, Delta Galil Industries, Ltd and Iluna USA LLC. In addition, an “Innovation Award” will go to Jockey International, Inc., a “Lifetime Achievement Award” will go to Seth Morris, and the “President’s Award” will go to Roslyn Harte.
» I want to read more and receive info from Under Fashion ClubVictoria’s Secret Show: Swift and a $10M Bra
Performances by Taylor Swift and a walk down the runway by a model wearing a $10 million bra are scheduled for “The Victoria’s Secret Fashion Show,” Tuesday, Dec. 10th on CBS. The show, which airs 10 to 11PM, ET/PT, will also include vocal artists Fall Out Boy, A Great Big World and Neon Jungle, as well as many of the retailer’s lingerie models, including Adriana Lima, Alessandra Ambrosio, Lily Aldridge, Candice Swanepoel, Lindsay Ellingson, Karlie Kloss, Doutzen Kroes and Behati Prinsloo.
» I want to read more and receive info from Victorias SecretCMK Reveals Funding Agreement With Meritus
CMK Distinctive Brands, which handles sales in the U.S. for such brands as Barbara and Zimmerli of Switzerland, has signed a multi-year, multi-million dollar funding agreement with Meritus Capital.
» I want to read more and receive info from CMKCurve: New Incentives To Shop During Shows
Older apparel wholesalers wistfully remember the days when retailers would come to their trade show booths and leave behind huge stacks of orders. But the practice has waned, with many retailers buying “by committee” back at headquarters after long and deliberate consultations and others simply choosing to buy closer to their actual selling season.
» I want to read more and receive info from CurveH.U.G. Awards Honor Thomson, Rofé, Galligan
Last night Heather Thomson from Yummie, René Rofé and intimate apparel industry fit model Dorothy Galligan were honored with H.U.G. Awards at the The Intimate Apparel Square Club’s annual fund raiser. This year the gala was held at the 230 Fifth Penthouse in Manhattan.
» I want to read more and receive info from Intimate Apparel Square ClubHow Shapeez Makes A Better-Fitting Sports Bra
A sports bra that fits better? The new Sportee from Shapeez bases its claim for superiority on its new “Active Shaping Design” that, according to the company’s David Berner, “consists 4 key qualities: 1) Shapeez own unique fitting system that founder Staci Berner created when she launched her bra and shape wear company, 2) real under-wire bra, 3) all way stretch fabric moves with you while providing superior support, and 4) full coverage tank style breathable mesh back.”
» I want to read more and receive info from ShapeezCosabella Creates New Collection With IntiMint
Cosabella has created an “exclusive” new collection of lingerie, sleepwear, active-wear and swim wear for IntiMint, the online intimates retailer. While a press release from the retailer Monday stated “The entire IntiMint by Cosabella collection...will launch February 2014” many items are already available for sale online.
» I want to read more and receive info from CosabellaH.U.G. Awards Honor Thomson, Rofé, Galligan
Last night Heather Thomson from Yummie, René Rofé and intimate apparel industry fit model Dorothy Galligan were honored with H.U.G. Awards at the The Intimate Apparel Square Club’s annual fund raiser. This year the gala was held at the 230 Fifth Penthouse in Manhattan.
» I want to read more and receive info from Intimate Apparel Square ClubBLVD Adds Holiday, New Year’s Eve Dresses
BLVD Collection is continuing to expand its offerings, now introducing a “contemporary Sexy Dress Collection available for this Holiday Season and New Year’s Eve,” according to a spokesperson. He invited retailers “to take a peek and discover fabulous Fall/Winter trends such as: metallics, sequins, glitter, winter white and gorgeous red dresses.” Styles start at $12 wholesale.
» I want to read more and receive info from BLVDExplaining Anita’s Dramatic Growth in U.S.
BODY publisher Nick Monjo asked Anita’s Steven Bernstein about the German company’s steady expansion in the U.S. market in recent years.
» I want to read more and receive info from AnitaRachel Zoe Featured in New Jockey Campaign
Jockey International has partnered with celebrity stylist and television personality Rachel Zoe for its new marketing campaign, “Redefining Comfort,” challenging the perception that comfortable underwear can’t be fashionable.
» I want to read more and receive info from JockeyDentelle etc… Unveils New Styles for 2014
U.K. lingerie brand Dentelle etc… has unveiled romantic yet daring new looks for its spring/summer 2014 collection, a mix of fashion-forward and classic silhouettes for modern women.
» I want to read more and receive info from DentelleEaston Reports Success With Janine Robin Line
Russ Klein, who heads up the Easton International LLC distribution and sales organization, said “The initial reaction has been amazing” to his representation of Janine Robin, the French swimwear, beachwear and lingerie company. That alliance began in July.
» I want to read more and receive info from Janine RobinPrym Intimates Debuts Plus-Size Accessories
Prym Intimates, an established global manufacturer of lingerie and underwear accessories, has expanded its range to better accommodate the growing plus-size market.
» I want to read more and receive info from PrymSapphire Bliss: Debut Line, 1920’s Inspiration
For her first collection, New York City-based designer Stephanie Chen drew from 1920s-inspired elegance and sophistication to create Sapphire Bliss, a luxury brand designed for confident, independent women.
» I want to read more and receive info from Sapphire BlissMaidenform Expanding ’Comfort Devotion’ Line
Maidenform, now a division of HanesBrands, is expanding upon the “Comfort Devotion” collection it introduced earlier this year, now launching what it calls “the next generation of comfort with the Comfort Devotion Reimagined collection” which, according to a spokesperson includes “new styles in shapewear, bras and panties.”
» I want to read more and receive info from MaidenformFashion Forms Shipping ’No Slip Strapless Bra’
Fashion Forms is now “shipping to select retailers” its recently introduced No Slip Strapless Bra, according to Heather Rubio of the firm. She predicted that it “will be introduced to all by end of the year.”
» I want to read more and receive info from Fashion FormsSurvey: Stores Against Brands Selling Direct
A recent survey by one shapewear maker shows that while many wholesalers are now selling directly to consumers, an overwhelming majority of the retailers questioned believe emphatically that it is important that wholesalers do not sell directly to consumers and that the practice negatively affects their businesses.
» I want to read more and receive info from Julie FranceCCV Launches Shaping And Slimming Legwear
CCV has expanded its Shape & Slim line with the launch of two microencapsulated legwear products featuring technology to compress and improve circulation in total comfort.
» I want to read more and receive info from CCVTo read more news, please choose the category from the news category section.
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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.
>> Read Article
Victoria’s Secret Stores October Sales Up 10%
Comparable store gains of 10% at Victoria’s Secret stores this October over the same month last year led to company-wide sales gains for its parent, L Brands, Inc. (formerly known as Limited Brands).
>> Read Article
Sales Rise, Net Income Falls At Delta Galil
Sales at Delta Galil Industries, Ltd. rose in the third quarter ended September 30, 2013 to $257,199,000 from $233,996,000 while income dropped significantly to $12,674,000 from $20,190,000 in the same period last year, the decline attributed, by the firm, to various “non-recurring” or “one-time” items.
>> Read Article
Frederick’s Has $22.5M Loss In Fiscal 2013
Frederick’s of Hollywood Group, Inc. reported Friday a loss of $22.5 million for 2013, as well as a dramatic 22.4% drop in sales from $111.4 million in the fiscal year ended July 28, 2012 to $86.5 million for the year ended July 27, 2013. The release of the year-end results comes as the company’s “sole disinterested independent director“ considers a recent offer to take the company private. And two weeks after Frederick’s amended agreements with its lenders, resulting in, among other things, an increase in its revolving line of credit from $24 million to $35 million with “$5 million having been advanced on October 10.”
>> Read Article
Limited Brands Closes Senior Notes Offering
L Brands, formerly known as Limited Brands (and parent to Victoria’s Secret), announced yesterday “the closing of its previously announced offering of $500 million aggregate principal amount of unsecured senior notes due 2023 (the “2023 Notes”).”
>> Read Article
September Sales Rise At Victoria’s Secret
L Brands, Inc. (formerly known as Limited Brands), parent to Victoria’s Secret, reported an increase in sales for the five weeks ended October 5, 2013 when compared to a similar period last year. Comparable store sales for this September vs. last September increased 1% at Victoria’s Secret stores, 2% at Victoria’s Secret direct and 3% at La Senza, the firm’s Canadian lingerie store chain.
>> Read Article
Group In Offer To Take Frederick’s Private
A “consortium” of shareholders owning about 70% of the outstanding common shares of Frederick’s of Hollywood Group Inc., a public company, has sent the company’s board of directors a “non-binding proposal letter” offering to purchase the remaining shares and take the company private.
>> Read Article
Hanes: Will Soon Close Maidenform Acquisition
HanesBrands has reaffirmed its 2013 financial guidance and said that its acquisition of Maidenform, intention of which it announced in July, “is expected to close by Tuesday, Oct. 8, 2013, pending approval by Maidenform stockholders voting at a special meeting on Thursday, Oct. 3, 2013, and satisfaction of other customary closing conditions. The acquisition has already received regulatory clearance.”
>> Read Article
Lingerie Sales Rose In August for L Brands
August comparable store sales were up 3% at both Victoria’s Secret stores and Victoria’s Secret Direct, as well as 8% at La Senza lingerie stores in Canada, as parent company Limited Brands, Inc., (now known as L Brands, Inc.) reported rising net sales of $704.7 million for the four weeks ended Aug. 31, 2013, compared to net sales of $665.6 million for the four weeks ended Aug. 25, 2012.
>> Read Article
L: Adding Pink, Cutting Victoria’s Secret Stores
Limited Brands, Inc. (now known as L Brands, Inc.), which is parent to Victoria’s Secret, is actually cutting the number of North American Victoria’s Secret stores by 20 in 2013, while at the same time increasing the number of Pink stores by 49. It also reported increased company-wide sales in July compared to last year.
>> Read Article
Victoria’s Secret Parent: Q2 Sales, Earnings Rise
Limited Brands, Inc. (now known as L Brands, Inc.), parent to Victoria’s Secret, reported increased sales and income for the second quarter and increased its guidance for per share earnings for the full year.
>> Read Article
Hanes Agrees to Acquire Maidenform for $575 M
HanesBrands announced today that it “has entered into a definitive agreement to acquire Maidenform Brands” in a transaction valued at approximately $575 million on an enterprise-value basis,” or “$23.50 per share, a 30 percent premium to Maidenform’s average closing price over the past 30 days.”
>> Read Article
Triumph About To Open 2 Long Island Stores
Triumph held a “media event” (in the words of one executive — meaning that the focus was not on impressing retailers, who were not in attendance in any number) the night of July 18, as part of its expansion plans for the U.S. Most significantly, two Triumph flagship locations are about to open, one in the Roosevelt Fields mall, one in the Walt Whitman mall.
>> Read Article
Hanes Names Moran of PetSmart To Its Board
HanesBrands appointed Robert Moran, former chairman and chief executive officer of PetSmart, Inc., to its board of directors.
>> Read Article
Van de Velde: 11% First Half Decline at Intimacy
First half sales fell by 2% at Van de Velde, the Belgian public company that is parent to several brands and retail chains. One of these stores, Intimacy in the U.S., suffered an 11% decline during the first six months. Company-wide, sales dropped to m€ 96.8 (about $126 million), compared to m€ 98.7 for the same period last year.
>> Read Article
Victoria’s Secret Store Sales Declined in June
Victoria’s Secret comparable stores sales as well as Victoria’s Secret Direct sales both declined in June. For parent L Brands, Inc. (which has been known as Limited Brands) overall net sales for the five weeks ended July 6, were $1.101 billion, slightly higher than “net sales of $1.077 billion for the five weeks ended June 30, 2012.”
>> Read Article
Galleria Intima: Holding 2nd Trade Show in India
Galleria Intima, which describes itself as “India’s only sourcing fair for intimate apparel professionals,” will return for its second annual event in August (at the Grand Hyatt in Goa on the 23rd and 24th). And Invista and Lenzing will again be among the expanded list of exhibitors.
>> Read Article
PVH: $20 Million Loss On Warnaco Expenses
PVH Corp. lost $20.0 million in its first quarter ended May 5, 2013 on sales of $1.823 billion, compared to a profit $95.5 million on sales of $1.313 billion for the same quarter last year, ended April 29. A company statement said that the loss was “due to significant costs incurred in connection with the company’s acquisition during the quarter" of Warnaco and “with the related integration and restructuring, a significant portion of which was non-cash.”
>> Read Article
Wolford Reports Yearly Earnings Down Sharply
As a result of dramatically reduced earnings, Wolford announced in mid June that “the management board will propose to the annual general meeting to suspend the dividend payment for the 2012/13 fiscal year and to focus the financial resources on profitable growth.”
>> Read Article
Frederick’s: 3rd Quarter Loss of $643,000
Frederick’s of Hollywood Group Inc. lost $643,000 on sharply declining sales of $23,293,000 in its fiscal third quarter 2013, compared to a profit of $3,313,000 on sales of 30,181,000 during the same period last year. In addition the retailer has reduced, since mid-March, the number of its retail outlets by three, bringing the current total to 112.
>> Read Article
Victoria’s Secret Store Sales Up 4% in May
Increased sales at Victoria’s Secret and La Senza stores helped lift Limited Brands, Inc. (now known as L Brands, Inc.), net sales to $737.0 million for the four weeks ended June 1, 2013, compared to net sales of $671.9 million for the four weeks ended May 26, 2012.
>> Read Article
$5 Million Increase To Frederick’s Credit Line
Frederick’s of Hollywood Group Inc. reported that Salus Capital Partners, LLC, its lender, “increased the FILO (first in last out) Advance credit line portion of the company’s credit facility by $5.0 million to $14.0 million.” Commented chairman and CEO Thomas Lynch, “By increasing the FILO Advance credit line to $14 million, we have greater financial flexibility to work with vendors and invigorate our merchandising strategy, which will play an important role in stabilizing our business.”
>> Read Article
Van de Velde: First Half Sales May Decline
Van de Velde announced that sales in the first half of 2013 may be below those in the first half of last year, noting that “The consumer market continues to be very tough. In the first quarter of 2013 there were signs of falling sales throughout Europe among independent retailers (in excess of 4%).”
>> Read Article
Limited Brands 2013 Q1 Sales, Earnings Rise
Limited Brands, Inc. (which has changed its name to L Brands, Inc. and is the parent to Victoria’s Secret and La Senza) reported first quarter earnings of $142.5 million on sales of $2.268 billion compared with earnings of $124.6 million on sales of $2.154 billion last year.
>> Read Article
Victoria’s Secret, La Senza Up 2% In April
“Victoria’s Secret stores April comparable store sales increased 2% on top of 8% last year,” declared Amie Preston, chief investor relations officer at Limited Brands, noting an increase for all the company’s stores in the month. But she admitted of Victoria’s Secret stores, “We are disappointed with our overall performance in April, particularly in bras. While we have seen strength in our core offerings, our recent introductions have not offset the volume from styles exited in the past 12 months.”
>> Read Article
Wacoal Annual Profits Rise 10.3%, Sales 3.1%
Wacoal Holdings Corp.’s income for the year ended March 31, 2013 rose 10.3% while sales rose 3.1%, despite “an impairment loss with respect to the intangible fixed assets of our subsidiary Peach John Co., Ltd. as well as its subsidiaries.”
>> Read Article
Maidenform Sales Slide, Loses $1.2 Million in Q1
Maidenform lost $1,234,000 in the first quarter of this year on sales of $131,156,000, compared with a profit of $5,845,000 on significantly higher sales of $157,546,000 in the quarter ended last year on March 31, 2012.
>> Read Article
Aggressive 2013 Growth Set For Victoria’s Secret
Earlier this year, Victoria’s Secret parent Limited Brands promised gains in 2013 and beyond, while reporting a modest decline in net profits for 2012 of about $753 million on increased sales of $10.46 billion, compared to net income of $850 million on sales of $10.36 billion for 2011. A reading of the company’s full annual report shows the firm is planning an aggressive expansion of much of its lingerie business with implications for all of its domestic and international competition.
>> Read Article
Hanes Profits Up, Sales Down In First Quarter
HanesBrands reported net income for the first quarter of 2013 of $51.4 million on declining sales of $945.5 million, compared with a loss in the same period last year of $26.8 million on sales of $973.1 million. The firm blamed the sales decline on “a sluggish retail environment,” but noted “the company’s operating profit margin expanded 790 basis points over the year-ago quarter, benefitting from an improved cotton-cost and product-pricing environment” and its “Innovate-to-Elevate margin-enhancement initiatives.”
>> Read Article
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.”
>> Read Article
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.
>> Read Article
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.
>> Read Article
Victoria’s Secret Comp Stores Up 5% in February
Victoria’s Secret comparable store sales rose 5% for the four weeks ended March 2, 2013 compared to the four weeks ended February 25, 2013. Last year they rose 10% over the same four weeks in 2011. Victoria’s Secret Direct sales dropped 4% for the month, compared to a rise of 5% from 2011 to 2012. And at La Senza, the Canadian lingerie chain also owned by parent Limited Brands, Inc., sales for the month rose 5%.
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Frederick’s: $10 Million & Potential New Owner
Frederick’s of Hollywood Group Inc. reported Friday a $10 million sale of preferred stock to a holding company with no apparent experience in apparel, which could give the purchaser control of the lingerie retailer should it invest more and exercise its various other options to do so. The financing was provided by Five Island Asset Management LLC, a subsidiary of Harbinger Group Inc., with the purchase of Series B Convertible Preferred Stock.
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€8 Million Andrés Sardá Charge for Van de Velde
Van de Velde profits dropped significantly for 2012, to €25.6 million on slightly higher sales of €181.8 million, compared to a profit of €41.2 million on sales of €179.8 million in 2011. The Belgian intimate apparel firm owns such brands as Marie Jo, Andrés Sardá and Prima Donna and operates retail stores under various names in different parts of the world, including Intimacy in the U.S.
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Party City to Acquire iParty for $35 Million
iParty Corp. “announced that it had entered into a merger agreement with Party City Holdings Inc.” in a filing with the SEC. The deal is valued at about $35 million. With 47 of its 52 stores located in New England, the company’s Halloween business was devastated by Hurricane Sandy, the second year in a row that a major storm hit the area at the time of the holiday.
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Profits and Challenges Rise for Maidenform
“2012 was a disappointing year overall, with weak category, customer and consumer trends in our key markets, and increased shapewear competition in department and chain stores,” said Maidenform CEO Maurice Reznik, in remarks that accompanied the firm’s results for 2012. And the start of 2013 will be even worse. Maidenform expects “a sales decline of approximately $20 million compared to 2012, as a result of non-recurring warehouse club and private label business” and a projects a “first quarter loss per share in a range of $0.05 to $0.10.”
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Mixed Results For Victoria’s Secret Parent
Victoria’s Secret parent Limited Brands reported a drop in overall earnings and sales for 2012, although it did register gains in both categories in the fourth quarter, ended February 2, 2013.
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NYSE Is Delisting Frederick’s February 22
The common stock of Frederick’s of Hollywood Group Inc., which trades as FOH, is being delisted from the New York Stock Exchange, “and its common stock is expected to be suspended from the Exchange effective at the open of the market on February 22, 2013,” according to the company. It added that Frederick’s “intends to remain current in its SEC reporting obligations, and expects that its common stock will be quoted and traded on the OTCQB Marketplace upon delisting from the Exchange, or as soon as practicable.”
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PVH Corp. Completes Acquisition of Warnaco
PVH Corp. announced today it completed its acquisition of The Warnaco Group, Inc., creating a apparel company with more than $8 billion in sales, and combining intimates brands including Calvin Klein, Warners, Olga, with all those apparel and footwear brands already in the PVH stable including Tommy Hilfiger, Van Heusen, Izod, Arrow and Bass.
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Hanes: ’Momentum’ Points to Improved 2013
While HanesBrands profits for 2012 were down significantly compared to 2011, fourth quarter profits almost doubled and the company expects both sales and profits to increase for 2013. In the fiscal year ended December 29, 2012 Hanes earned $164.7 million on sales of $4.5 billion compared to net income of $266.7 million on sales of $4.4 billion in 2011. But for the latest quarter, HanesBrands earned $80.4 million on sales of $1.2 billion compared to $41.0 million on sales of $1.1 billion in the final quarter of 2011.
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Victoria’s Secret Store Sales Up 8% In January
Strong results at La Senza stores led the way to sales increases for January, as well as for the fourth quarter, for Victoria’s Secret parent Limited Brands, Inc. In a sales and earnings guidance report today, the firm disclosed that company-wide “comparable store sales for the five weeks ended February 2, 2013 increased 9% compared to the five weeks ended February 4, 2012.” Among the various division, same stores sales rose 8% at Victoria’s Secret, 10% at Bath and Body Works and 15% at La Senza.
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Problems At Intimacy Persist for Van de Velde
As we await the report of 2012 financial results for Van de Velde, due on the 25th of this month, it is clear that some of the problems at Intimacy, the U.S. retailer it now fully controls, have not been solved. The Belgian intimate apparel giant owns such brands as Marie Jo, Andres Sarda and Prima Donna and operates retail stores under various names in different parts of the world, including extensive operations in Europe.
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Big Winners, No Matter What, In Warnaco Deal
Will PVH Corp. ultimately be happy with its decision to buy Warnaco in the $2.9 billion deal expect to close shortly? Only time will tell. After all, while there have been many prominent intimate apparel mergers and acquisitions in recent months, some buyers have publicly expressed a tinge of disappointment with how their purchases have worked out so far. Van de Velde had hoped for a better early return on its takeover of U.S. retailer Intimacy and now Wacoal is saying the same thing about its expensive buy of Eveden last year.
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Wacoal Japan: 9 Month Sales Up, Profits Down
Wacoal Holdings Corp., the Japanese public company of which Wacoal America is a subsidiary, reported today a 2.6% increase in its consolidated sales for its first three quarters along with a 1.8% decrease in net income for the same period. It also revealed that both sales and income for the period were “less than initially expected” for Eveden Group Limited, which it purchased less than a year ago.
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