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latest from financial and general interest news

Sale Or Closure May Be Coming For La Senza

Parent company L Brands may, apparently, sell or close its La Senza chain of stores according to an opaque announcement today. The division, with its company-owned shops mainly located in Canada, is expected to report “approximately $250 million” in 2018 sales, with an operating loss of $40 million. » I want to read more and receive info from Victoria’s Secret

NILS To Be Held Same Dates As Vegas Curve

A new confluence of trade shows will occur next February when, for the first time, both Curve and the New International Lingerie Show (NILS) will both be held on the same dates, the 5th, 6th and 7th of the month. » I want to read more and receive info from New International Lingerie Show

Wacoal U.S. Division Sales -6%, Income -10%

First quarter sales at Wacoal International, the U.S. division of the Japan-based firm, fell 6%, while operating income dropped 10%. Meanwhile, for Wacoal globally, sales rose 1.4% and net jumped 59.6% for the three months ended June 30, 2018. » I want to read more and receive info from Wacoal

Calida First Half Sales +10.7%, Income -25.1%

Calida Group first half sales rose 10.7% while net income fell 25.1% “due to positive one-time effects from tax and valuation of foreign currency positions in the prior year,” according to the company. » I want to read more and receive info from Calida Group

Naked May Land $25M Sapinda Investment

At the end of August, Naked Brand Group announced it had reached a non-binding agreement to receive a $25 million investment from Sapinda Holding B.V. (Sapinda), owner of La Perla. But no further developments on the deal have been announced in the month since. » I want to read more and receive info from Naked Brand Group

FMMG Works With Firms Seeking A Buyer


FMMG Advisors LLC, managed by Nick Monjo, provides information and confidential advice to companies looking to find a buyer for their apparel firm. » I want to read more and receive info from FMMG Advisors LLC

Wolford Q1 Sales -14%; Loses $8.8 Million

Wolford sales fell 14% while losses increased to 7.56 million euros (about $8.8 million at recent conversion rates) in the first quarter of its current fiscal year. » I want to read more and receive info from Wolford

Aerie Q2 Comps +27%; Were Up 26% Last Year

Aerie second quarter comparable store and online sales jumped 27%, that on top of a 26% rise in the same quarter a year ago. » I want to read more and receive info from Aerie

Delta Galil Q2 Sales Flat, Net Income -28%

Second quarter income at Delta Galil declined 28% while sales dropped only slightly. » I want to read more and receive info from Delta Galil

Delta Galil Completes Acquisition of Eminence

Delta Galil announced that it has completed the previously reported acquisition of French underwear brand Eminence SAS and its subsidiaries. » I want to read more and receive info from Delta Galil

Many Intimates Firms At Las Vegas Offprice

The Las Vegas Offprice Show, as of mid-July, listed at least 76 companies under the various categories of women’s intimates, women’s hosiery, women’s sleepwear, women’s loungewear, men’s underwear, men’s hosiery, men’s loungewear and men’s sleepwear. » I want to read more and receive info from Offprice Show

Paris Lingerie Show Attendance Declines 9%

The recent Paris lingerie show, Unique by Mode City, and its companion textile exhibition, Interfilière, “saw visitor attendance drop by 9%” overall. » I want to read more and receive info from Eurovet

Altitude Intimates Lists Spring 2019 Show Dates

Altitude Intimates has announced “that its spring show in 2019 will take place at the Paris Hotel in Las Vegas on April 8, 9, and 10.” Altitude also announced the appointment of Valerie Jones as its new managing director. » I want to read more and receive info from Altitude Intimates

Bendon Reveals Huge Losses As It Merges

As Naked Brand Group and Bendon Limited announced the consummation of their merger, Bendon itself revealed huge losses in its past two fiscal years, about $25.7 million and $27.4 million respectively, at current exchange rates. » I want to read more and receive info from Naked Brand Group Limited

Naked Brand Group Q1 Losses Shrink Sharply

Naked Brand Group sales rose and it’s losses shrank dramatically in the three months ended April 30, 2018. A big part of the sales increase was due to a consignment agreement with its new merger partner. » I want to read more and receive info from Naked Brand Group

Naked Shareholders Vote To Merge With Bendon

Naked Brand Group stockholders have voted to merge with Bendon, the much larger, New Zealand based intimates firm. The plan has been in the works for over a year. » I want to read more and receive info from Naked Brand Group

VS Mailing Catalog, May Return To Swim

Victoria’s Secret is again mailing a print catalog (which, in a face saving measure, it insists on calling a “magalog”). And it may bring back swimwear, a category it announced it was exiting a couple of years ago. » I want to read more and receive info from Victoria’s Secret

First Quarter Profits, Sales Rise At Delta Galil

Delta Galil reported first quarter earnings of $7.4 million on sales of $334.5 million compared to a profit of $5.6 million on sales of $315.7 million in the same period last year. » I want to read more and receive info from Delta Galil

Hanes Innerwear Sales, Operating Profit Fall

Hanesbrands Innerwear segment sales fell 2.8% in the first quarter, while the division’s operating profit plummeted 13.0%. Meanwhile the company as a whole, which has other large divisions including activewear, posted increases in both sales and profits. » I want to read more and receive info from Hanesbrands

Naked: Loses $5.8M On Higher Sales Of $2.9M

Naked Brand Group sales increased, in the year ended January 31, 2018, to $2.9 million, but it nevertheless reported a loss of $5.8 million. The firm is expected to merge with Bendon by the end of May. » I want to read more and receive info from Naked Brand Group

Naked, Bendon Ltd. Move Closer To Merger

Naked Brand Group and Bendon Limited moved closer to their previously announced merger, with the SEC declaring their merger registration statement effective. A vote of the shareholder of both companies has been scheduled for May 31, 2018, at 10:00 a.m. » I want to read more and receive info from Naked Brand Group

U.S. Sales For Calida Down 2 Years In Row

2017 sales at the Calida Group, which offers intimate and related apparel under both the Aubade and Calida brands, as well as other products under other brands, declined in the U.S. for the second year in a row, while they expanded elsewhere around the world in 2017. » I want to read more and receive info from Calida Group

Wolford Halves Loss For First Nine Months

Wolford, a majority in stake in which was recently acquired by a Chinese conglomerate, halved its losses for the first nine months of its fiscal year. » I want to read more and receive info from Wolford

Tefron Sales Rise Again To $121.5 Million in ’17

2017 sales at Tefron Ltd. rose to $121.5 million, up from $116.4 million in 2016 and $93.1 million in 2015. » I want to read more and receive info from Tefron

PVH: Sales and Income Rose In 4th Quarter 2017

PVH income in the fourth quarter of 2017 rose to $107.9 million on higher sales of $2.38 billion, compared to income of $100.5 million on sales of $2.00 billion in the same quarter in fiscal 2016. » I want to read more and receive info from PVH

Wacoal U.S. Sales Down In Fiscal 3rd Quarter

At Wacoal, a variety of factors led to a decline in sales of “new products” for Wacoal’s U.S. division for the three months ended December 31, 2017. » I want to read more and receive info from Wacoal

Filing Reveals Ongoing Losses At Bendon Group

Bendon Group Holding Ltd. has posted significant recent losses, including in the six month period ending July 31, 2017, and in the years ending June 30, 2016 and June 30, 2015. » I want to read more and receive info from Bendon Group

Sales At Delta Galil -1% In Q4, +16% For Year

Fourth quarter sales fell 1% at Delta Galil, but jumped 16% for the full year. Net income was up 8% in the quarter, but fell 6% for the twelve months. » I want to read more and receive info from Delta Galil

Naked Brand Group Top Financial Officer Exiting

The principal financial officer and vice president of finance at Naked Brand Group has resigned as of March 23. Kai-Hsiang Lin has held those positions since March 22, 2016. » I want to read more and receive info from Naked Brand Group

Aerie Q4 2017 Comp Sales Rocket Up 34%

Aerie lingerie total brand comparable sales in the fourth quarter of 2017 jumped 34%, a stunning increase particularly since comparable sales for the brand were also up 17% in the fourth quarter of 2016. » I want to read more and receive info from Aerie

Victoria’s Secret, Pink February Comps +2%

Victoria’s Secret and Pink North American comparable store sales fell 6% in February. However, when the brands’ strong direct business is added to the store results, there was a 2% total increase. » I want to read more and receive info from Victoria’s Secret

Changes To Proposed Naked-Bendon Merger

The proposed merger between Bendon Limited and Naked Brand Group has undergone significant changes, with Naked appearing to have won better terms. » I want to read more and receive info from Naked Brand Group

Hanes Innerwear Sales Rise .8% In Reversal

Hanesbrands Inc. innerwear segment net sales reversed direction and rose .8% in the fourth quarter ended December 30, 2017. However, full year innerwear sales were down 3.2% » I want to read more and receive info from Hanesbrands

Victoria’s Secret, Pink January Comps Up 4%

Comparable store and direct sales for Victoria’s Secret and Pink in North America rose 4% in January. Comparable sales for the stores alone were flat for the month. » I want to read more and receive info from Victoria’s Secret

2017 Sales Rose Slightly At Van De Velde

Sales rose 1% in fiscal 2017 at Belgium-based Van de Velde. The company owns the Rigby & Peller lingerie stores in the U.S., as well as other retail chains around the world, and the PrimaDonna, Marie Jo and Andres Sarda wholesale brands. » I want to read more and receive info from Van de Velde

Altitude Intimates Show List Continues To Grow

The Altitude Intimates show, scheduled for April 17 through 19, 2018 has been steadily building an impressive list of exhibitors. » I want to read more and receive info from Altitude Intimates

Calvin Klein Underwear Sales Strong In Q3

“As we look out, internationally, the biggest growth that we’ve seen with Calvin Klein brand has been in our women’s intimates business and our women’s jeans business,” declared PVH chairman and CEO Manny Chirico, describing one of the many factors that led to strong growth in sales and profits for the company in the third quarter. » I want to read more and receive info from PVH

Femmy 2018 Honorees: Target, Komar, Texco

The 2018 Femmy Award honorees include Target, Komar Intimates and Texco Hook & Eye Tape Ltd. A lifetime achievement award will go to Donald Allen, Jr., vice president, creative design-core intimates, PVH Corp. A diamond jubilee award will be presented, “celebrating 60 years of Lycra.” » I want to read more and receive info from Femmy Award

Wolford Reports First Half € 6.62 Million Loss

Wolford AG, the Austria-based lingerie, hosiery and apparel public company, reported a loss of 6.62 million euros in its first half, covering the months May through October, 2017. » I want to read more and receive info from Wolford

Aerie Q3 Comparable Store Sales Jump 19%

Aerie comparable store sales rose 19% in the third quarter, following a 21% increase in the same quarter last year. Year to date comps for the intimates division of parent company American Eagle Outfitters (AEO) are up 23%, following a 25% increase in the first nine months of 2016. » I want to read more and receive info from Aerie

Victoria Secret, Pink Q3 Comparable Sales -4%

Victoria’s Secret and Pink comparable store and direct sales in North America fell 4% in the 13 weeks ended October 28, and were down 11% for the first 39 weeks of the fiscal year. » I want to read more and receive info from Victoria’s Secret

Hanes Q3 Innerwear Sales -5.2%, Profit -4.7%

Hanes Innerwear segment sales in the third quarter fell 5.2%, while segment operating profit fell 4.7%. For the nine months ended September 30, 2017 sales for the division were down 4.4% and operating profit was down 6.4%, compared to the 39 weeks ended October 1, 2016. » I want to read more and receive info from Hanes

Delta Galil Q3 Sales +15%, Income -13%

Sales at Delta Galil rose 15% in the third quarter while net income fell 18%. For the first nine months sales are up 24% while income is down 13%. » I want to read more and receive info from Delta Galil

Wacoal European, North American Sales +9.7%

Sales at Japan-based Wacoal Holding Corporation dipped 0.4% while net income fell 19.2% for the six months ended September 30, 2017. Meanwhile, however, sales rose 9.7% for the firm’s combined European and North American division compared to the same period last year. » I want to read more and receive info from Wacoal

Victoria’s Secret, Pink October Comps +1%

Comparable sales at Victoria’s Secret and Pink company-owned stores in North America fell 4% in October. But when the direct sales for those brands is included, the combined total rose 1% over last October. » I want to read more and receive info from Victoria’s Secret

Hochman’s Son David Quits As Naked Director

David Hochman has resigned as a director of Naked Brand Group Inc. No reason was provided. He is the son of CEO Carole Hochman. » I want to read more and receive info from Naked Brand Group

Tefron: Second Quarter Loss Of $694,000

Tefron Ltd. sales and income slipped in the second quarter of 2017. » I want to read more and receive info from Tefron

Gildan Activewear Sales +3.8%, Income +13.7%

Gildan Activewear second quarter sales rose 3.8% while net income jumped 13.7%. The company earned $107.7 million on sales of $715.4 million in the three months ended July 2, 2017 compared to net income of $94.7 million on sales of $688.9 million during the same period in 2016. » I want to read more and receive info from Gildan Activewear

Victoria’s Secret, Pink September Comps -5%

Victoria’s Secret and Pink September comparable sales in North America fell 5%. Meanwhile, parent company L Brands has just opened its fifth La Senza lingerie store in the U.S., this one located in the Woodfield Mall in Schaumburg, Illinois. » I want to read more and receive info from Victoria’s Secret

iFabric Sales, Profits Jump In Third Quarter

iFabric sales and profits both jumped dramatically in its third quarter. The Ontario-based public company owns Coconut Grove intimates, which holds the Maidenform license in certain categories, as well as Intelligent Fabric Technologies (North America) Inc. » I want to read more and receive info from iFabric


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