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latest from financial and general interest news

Wolford CEO Ashish Sensarma Has Resigned

Wolford’s CEO has resigned as of the end of July, this following a huge loss in its 2015/2016 year, smaller losses in 2012/13 and 2013/14, and the recent decision by the firm’s main shareholder group to seek a buyer for its majority stake in the company. » I want to read more and receive info from Wolford

Underwear Among Top Performers On Amazon

A new One Click Retail (OCR) report shows not only that Amazon is taking a ever bigger bite out of clothing sales, but that underwear now represents two of its four top performing apparel categories. » I want to read more and receive info from One Click Retail

Sales Jump As Tefron Reports Profit In Q1

Tefron Ltd.’s sales jumped dramatically in the first quarter of 2017, and the company registered a small profit compared to a sizable loss in the first three months of 2016. » I want to read more and receive info from Tefron

Huge Losses Continue At Naked In Quarter

Huge losses continued at Naked Brand Group in the quarter ended April 30, jumping to $3.19 million, compared to a loss of $2.54 million for the same three months last year. » I want to read more and receive info from Naked Brand Group

Wolford Owners Plan Sale Following Losses

The main shareholder group of Wolford, the high end, Austria-based lingerie, hosiery and apparel maker, announced its plans to sell its majority stake in the company. The terms of the sale, the size of the stake, nor the names of potential buyers were revealed. » I want to read more and receive info from Wolford

Wacoal Sales Down 7%, Remain Flat In U.S.

Although Wacoal sales in the U.S. “remained unchanged from the previous fiscal year,” for the company as a whole they decreased 7.0% worldwide. Meanwhile the Japan-based firm’s net income for the 12 months ended March 31, 2017 rose 1.2%. » I want to read more and receive info from Wacoal

Naked, Bendon Limited Move Closer To Merger

Naked Brand Group and Bendon Limited moved closer to their long planned merger with an announcement at the end of May that they had signed an “agreement and plan of reorganization pursuant to which Naked’s shareholders will, upon the closing of the merger, receive approximately 7% of the outstanding ordinary shares of the combined company on a fully diluted basis, subject to adjustment.” » I want to read more and receive info from Bendon

Delta’s Q1 Sales Up 23%, Profits Down 29%

Sales at Delta Galil, which now includes several businesses acquired from VF last year, rose by 23% in the quarter ended March 31. Meanwhile, net income plummeted by 29%. » I want to read more and receive info from Delta Galil

Victoria’s Secret, Pink Q1 Comps Down 12%

Victoria’s Secret and Pink comparable store sales in North America were 12% lower in the first quarter of 2017 than they were in the same period last year. » I want to read more and receive info from Victoria’s Secret

Wolford Expects €8 to €10 Million Annual Loss

“Wolford anticipates an operating loss between EUR -8.0 million and EUR -10.0 million,” according to the firm. This translates to a loss of approximately $8.7 million to $10.9 million at current exchange rates for its fiscal year which began in May, 2016. » I want to read more and receive info from Wolford

Hanes First Quarter Innerwear Sales -5.9%

HanesBrands first quarter Innerwear sales fell 5.9%, while “segment operating profit” for the category dropped 6.4%. » I want to read more and receive info from HanesBrands

Naked: Sales Rise, But Not All News Is Good

Naked Brand Group’s sales for the year ended January 31, 2017 rose 33% to $1,842,065 from $1,389,414 the year before. But it posted a substantial loss of $10,798,503, compared to a even larger deficit of $19,063,399 the year before. » I want to read more and receive info from Naked Brand Group

Etam Group’s Q1 China Sales Plummeted 24%

The Etam Group, the French lingerie retailer with a huge presence in China, reported a tiny 0.3% decline in net worldwide sales in 2016, dropping to €1,292.1 million (about $1.4 billion at current exchange rates). » I want to read more and receive info from The Etam Group

Analyst: Aerie Hurting Sales Of Rival Pink

Jefferies, a prominent investment banking firm, published a research report in late March stating that the Pink brand is “peaking” in the face of strong competition from Aerie. And it predicted this would have a negative impact on the future share price of Pink’s parent, L Brands. » I want to read more and receive info from Aerie

Delta Galil Q4 ’16 Sales +31%, Income +51%

Delta Galil’s bold purchase in 2016 of the brands 7 For All Mankind, Splendid and Ella Moss seems to be working out for the company. Sales at Delta Galil increased 31% in the fourth quarter of 2016, while net income rose 51%. For all of last year, sales jumped 9% and profits rose 18%. » I want to read more and receive info from Delta Galil

PVH: Q4 2016 Income -25%, Sales Off Slightly

PVH is becoming far less dependent on the U.S. in general and our department stores in particular, while focusing ever more heavily on its two key brands, Calvin Klein and Tommy Hilfiger. At the same time, internet sales have become its fastest growing segment, and underwear is still a prominent component. » I want to read more and receive info from PVH

Rigby & Peller U.S. Sales Drop 30% In 2016

The sales decline at the Rigby & Peller (formerly Intimacy) stores in the U.S. approached 30% in 2016 according to parent company Van de Velde. » I want to read more and receive info from Rigby & Peller

Aerie: +17% In Quarter, +23% For The Year

Aerie brand comparable sales rose 17% for the quarter, and 23% for the full year ended January 28, 2017. Meanwhile, the lingerie division of American Eagle Outfitters (AEO) revealed plans to expand the Aerie brand from about 190 locations currently to 300 locations. » I want to read more and receive info from Aerie

HanesBrands Innerwear Sales Fell 8.2% In Q4

HanesBrands innerwear sales fell 8.2% in the fourth quarter, and 2.7% for the year ended December 31, 2016. At the same time “segment operating profit” for innerwear fell 15.6% for the quarter and 5.6% for the year. » I want to read more and receive info from HanesBrands

Soma Intimates Comp Sales Rise Yet Again

Soma, the intimates division of Chico’s FAS, yet again reported comparable sales increases for both the quarter and full year ended January 28, 2017. » I want to read more and receive info from Soma

20% Decline Expected At Victoria’s Secret

“A decline of about 20 percent” in Victoria’s Secret comparable sales is expected for February, reported parent company L Brands on February 22nd. The lingerie retailer had noted, earlier this month, sharp declines in its direct to consumer sales both in its most recent quarter, and in January. » I want to read more and receive info from Victoria’s Secret

Victoria’s Secret, Pink January Comps -10%

Fourth quarter Victoria’s Secret and Pink direct sales plummeted by 7.2%, or $41 million (to $526.1 million), as the company tested its strategy of eliminating its famous print catalog (which it dropped in early 2016). » I want to read more and receive info from Victoria’s Secret

Etam Développement 2016 Sales Match 2015

2016 sales at Etam Développement, the France-based intimates retailer, dropped by 0.3% to 1.29 billion euros (about $1.38 billion at current exchange rates). » I want to read more and receive info from Etam

Tefron Q3 2016 Sales Jump As Losses Shrink

Tefron Ltd. sales rose dramatically in its third quarter ended September 30, 2016, and the company reported a much smaller loss compared to the same quarter in its previous year. » I want to read more and receive info from Tefron Ltd.

Delta Galil Q3 Income Jumped 31%, Sales 4%

Delta Galil sales in the third quarter rose 4% while net income rocketed 31% as the company completed the acquisition, from VF, of the three brands 7 For All Mankind, Splendid and Ella Moss. » I want to read more and receive info from Delta Galil

Wacoal U.S. Sales, Income Up In First Half

For the six months ended September 30, at Wacoal International Corp., the U.S. division, “overall sales” as well as operating income “on a local currency basis” both exceeded results for the same period last year. » I want to read more and receive info from Wacoal

Q3 Innerwear Sales Rose 2% At Hanesbrands

Innerwear sales, the largest segment within Hanesbrands, Inc., rose 2.0% in the third quarter, while Activewear sales shrank by 2.1%. Overall, company sales rose 10.7%, net income 7.2%. » I want to read more and receive info from Hanesbrands

Under Armour Sales Up 22%, Income Up 28%

Under Armour third quarter net revenues increased 22% to $1.47 billion, while net income increased 28% to $128 million. » I want to read more and receive info from Under Armour

VF Q3 Income Up 8%, Total Revenues Drop 1%

VF Corporation earnings rose 8% to $498.5 million on total revenue that declined 1% to $3.488 billion for the three months ended September 30th. » I want to read more and receive info from VF Corporation

Naked: Listing Warning, New Offering Planned

Naked Brand Group has registered with the SEC to raise additional funds through the sale of various financial instruments, including stock, with “an aggregate initial offering price not to exceed $7,500,000.” » I want to read more and receive info from Naked Brand Group

Etam Group First Half Sales, Profits Decline

First half sales and income fell at Etam Développement, the France-based international lingerie and apparel producer and retailer. » I want to read more and receive info from Etam

Tefron Swings Profitable As Sales Jump Sharply

Tefron Ltd. reversed course in its second quarter, reporting income of $1.275 million, compared to a loss of $1.037 million in the same quarter last year. » I want to read more and receive info from Tefron Ltd.

Naked Sales Drop 18.8% Led By Nordstrom Slide

Naked Brand Group second quarter sales fell 18.8% to $293,011, while losses in the three months ended July 31, 2016 grew by 5.2% to $3,301,780. » I want to read more and receive info from Naked Brand Group

Wolford: $9.22 Million Loss As Sales Drop 18%

Wolford AG reported a first quarter loss of 8.22 million euros (about $9.22 million at current exchange rates), compared to a loss of 2.55 million euros in the same period last year, as sales dropped 18% to 27.74 million euros (about $31.1 million). » I want to read more and receive info from Wolford

Delta Galil: Q2 Sales Fall 2.4%, Profit 16.1%

Second quarter sales at Delta Galil fell 2.4%, while profits dropped by 16.1%. » I want to read more and receive info from Delta Galil

Q2 Gildan Sales Fell 3.5%, Net Income 4.7%

Q2 sales at Gildan Activewear fell by 3.5% to $688.0 million, down from $714.2 million in the same period last year. Net income fell 4.7% to $94.7 million, down from $99.4 million in 2015. » I want to read more and receive info from Gildan Activewear

Q2 Innerwear Sales Fell 5% At Hanesbrands

Innerwear segment sales at Hanesbrands fell by 5% in the second quarter, to $749.2 million from $786.4 million a year ago. Sales for the category are down for the first six months of the year, $1.31 billion compared to $1.34 billion in 2015. » I want to read more and receive info from Hanesbrands

Tefron: Losses Continue Into First Quarter 2016

Tefron Ltd., the intimate apparel producer, reported a loss of $1.184 million on sales of $26.6 million for the quarter ended March 31, 2016. » I want to read more and receive info from Tefron Ltd.

Sales, Income Up For PVH In First Quarter

Sales and income rose dramatically at PVH Corp. in its first fiscal quarter of 2015. The company is parent to such brands ad Calvin Klein and Tommy Hilfiger and four years ago purchased Warnaco. » I want to read more and receive info from PVH Corp.

Aerie Lingerie Up 32% In Fiscal First Quarter

Aerie, the intimate apparel brand, reported a sales increase of 32% over the same quarter last year. Meanwhile, parent company American Eagle Outfitters, the retailer of men’s and women’s apparel, reported a combined sales increase of 7%. » I want to read more and receive info from Aerie

Delta Galil Q1 Sales Up 2%, Income Down 12%

Delta Galil sales rose 2% while net income fell 12% in the first quarter. » I want to read more and receive info from Delta Galil

Wacoal America Annual Sales Rose, Income Fell

Wacoal America sales in the fiscal year ended March 31, 2016 “exceeded” the previous year, while “operating income on a local currency basis fell” because of “an increase in selling, general and administrative expenses which resulted from increased labor costs, while we controlled PR related costs.” » I want to read more and receive info from Wacoal

Hanes Acquiring Pacific Brands Of Australia

HanesBrands has “entered into a definitive agreement to acquire Pacific Brands Limited, the leading underwear and intimate apparel company in Australia.” » I want to read more and receive info from HanesBrands

March Sales Flat At VS North American Stores

March sales were flat at Victoria’s Secret and Pink company-owned stores in the U.S. and Canada, while the combined North American store and direct business rose 2% for the month. » I want to read more and receive info from Victoria’s Secret

Naked Reports Big Loss As Sales Rise 149%

Naked Brand Group sales rose to $1,389,414 for the year ended January 31, 2016, a 149% increase from $557,212 the year before. » I want to read more and receive info from Naked Brand Group

Naked Brand CFO, COO Michael Flanagan Exits

Naked Brand Group Inc. announced that Michael Flanagan, its chief financial officer and chief operating officer, had “retired” in March. » I want to read more and receive info from Naked Brand Group

Sales, Earnings Fall At Calida, Aubade Parent

Sales and earnings dropped at Switzerland-based Calida Holding AG, parent to both the Calida and Aubade underwear brands (as well as other apparel, sports equipment, surf wear and garden furniture lines). » I want to read more and receive info from Calida Holding AG

Sales, Profits Rose At French Lingerie Giant

The Etam Group, the France-based international retailer of women’s lingerie, cosmetics, apparel and accessories, reported a 6.2% growth in sales and a 7.0% growth in profits in 2015. Its brands include Etam, Undiz and 1.2.3. » I want to read more and receive info from Etam

Hanes Q1 Innerwear Up Reversing Q4 Decline

HanesBrands first quarter “Innerwear” category sales increased 1.3%, reversing direction from the four quarter 2015 when sales in that category had dropped 5.9%. The company had blamed its overall 7.4% sales decline in the fourth quarter on “historic warm weather” in the eastern two-thirds of the U.S. » I want to read more and receive info from HanesBrands

PVH Q4 Sales Up 2% As Full Year Profits Soar

Sales at PVH Corp. rose 2% in the fiscal fourth quarter ended January 31, 2016, but declined for the full year by 3.1%. Meanwhile net income rose substantially for both the final quarter and full year. » I want to read more and receive info from PVH Corp.


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