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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. » I want to read more and receive info from Victorias Secret

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). » I want to read more and receive info from Victorias Secret

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. » I want to read more and receive info from Delta Galil

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.” » I want to read more and receive info from Frederick’s of Hollywood

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”).” » I want to read more and receive info from L Brands

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. » I want to read more and receive info from L Brands

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. » I want to read more and receive info from Frederick’s of Hollywood

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.” » I want to read more and receive info from HanesBrands

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. » I want to read more and receive info from Limited Brands

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. » I want to read more and receive info from Limited Brands

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. » I want to read more and receive info from Limited Brands

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.” » I want to read more and receive info from HanesBrands

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. » I want to read more and receive info from Triumph

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. » I want to read more and receive info from HanesBrands

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. » I want to read more and receive info from Van de Velde

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.” » I want to read more and receive info from Victoria’s Secret

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. » I want to read more and receive info from Galleria Intima

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.” » I want to read more and receive info from PVH

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.” » I want to read more and receive info from Wolford

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. » I want to read more and receive info from Frederick’s of Hollywood

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. » I want to read more and receive info from Victoria’s Secret

$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.” » I want to read more and receive info from Frederick’s of Hollywood

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%).” » I want to read more and receive info from Van de Velde

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. » I want to read more and receive info from Limited Brands

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.” » I want to read more and receive info from Victoria’s Secret

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.” » I want to read more and receive info from Wacoal

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. » I want to read more and receive info from Maidenform

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. » I want to read more and receive info from Victoria’s Secret

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.” » I want to read more and receive info from HanesBrands

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.” » I want to read more and receive info from Limited Brands

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. » I want to read more and receive info from PVH

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. » I want to read more and receive info from Delta Galil

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%. » I want to read more and receive info from Victoria’s Secret

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. » I want to read more and receive info from Frederick’s of Hollywood

€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. » I want to read more and receive info from Van de Velde

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. » I want to read more and receive info from Party City

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.” » I want to read more and receive info from Maidenform

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. » I want to read more and receive info from Victoria’s Secret

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.” » I want to read more and receive info from Frederick’s of Hollywood

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. » I want to read more and receive info from PVH Corporation

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. » I want to read more and receive info from HanesBrands

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. » I want to read more and receive info from Victoria’s Secret

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. » I want to read more and receive info from Van de Velde

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. » I want to read more and receive info from Warnaco

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. » I want to read more and receive info from Wacoal

Foot Locker’s Johnson Joins Maidenform Board

Maidenform Brands announced today the election of Foot Locker EVP and COO Richard Johnson to its board of directors. The lingerie maker said he will “serve as a member of the nominating and governance committee,” according to a company statement. » I want to read more and receive info from Maidenform

Decrease At Paris Shows Blamed on Snow Storms

Trade show organizers blamed snowstorms in Europe for a decrease in attendance at the Salon International de la Lingerie and Interfilière Paris last weekend (January 19-21), reporting a combined 26,373 visitors compared with 30,099 in January 2012. According to show management there were 16,372 buyers at the lingerie show and 10,001 visitors at Interfilière. » I want to read more and receive info from Eurovet

Maidenform President To Leave January 28th

Maidenform reported that its president, Malcolm Robinson, will be leaving Maidenform “to pursue other opportunities, effective January 28, 2013” adding that “following his employment Mr. Robinson will continue to receive his base salary plus an additional increment to defray any medical and disability insurance premiums and expenses. In addition, each of the long-term incentives granted to Mr. Robinson on December 1, 2011 will vest.” His annual salary was $600,000 and the incentives described in his employment contract were valued at $1 million. » I want to read more and receive info from Maidenform

Limited Brands Store Sales Up For December

Limited Brands, Inc., parent to Victoria’s Secret, reported a comparable store sales increase of 3 percent for the five weeks ended Dec. 29, 2012, compared to the five weeks ended Dec. 31, 2011. According to the firm, “net sales of $1.947 billion for the five weeks ended Dec. 29, 2012, compared to net sales of $1.868 billion last year.” » I want to read more and receive info from Limited Brands

Frederick’s 1Q Sales Drop, Losses Double

Frederick’s of Hollywood sales for its fiscal first quarter 2013, plummeted while its losses doubled. Sales at the intimate apparel retailer fell to $22.5 million for the three months ended October 27th, 2012, down from $28.4 million for the three months ended October 29th 2011. Meanwhile losses for the period were $5.2 million, up from $2.3 million a year earlier. » I want to read more and receive info from Frederick’s of Hollywood

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