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latest from financial and general interest news

iFabric Intimate Apparel Sales Jump 468%

The Intimate Apparel Division at iFabric returned to profitability in the quarter ended June 30, as company sales jumped 29.3% to $4,155,829CD, (Canadian dollars, or about $3,282,897 at current exchange rates) compared to $3,214,465CD (about $2,539,266) in the same quarter last year. » I want to read more and receive info from iFabric

Successful Shows Lead Up To September ILS

“After a series of productive and health-conscious apparel shows this summer, the New International Lingerie Show continues to grow, now with over 300 retail accounts pre-registered and 50 exhibitors signed for its event September 13 and 14 in Las Vegas,” co-owner Tim McNamara told BODY. » I want to read more and receive info from New International Lingerie Show

Curve Show At New Downtown Location

The two day Curve show, August 1st and 2nd, drew a host of brands to a new location in downtown Manhattan: Spring Studios. » I want to read more and receive info from Curve

Interview: Problems Plague China Production

In March, BODY publisher Nick Monjo interviewed Dreamgirl owner Barry Revzen about his experience with rising intimate apparel prices at Chinese factories. In this installment, the producer explains how rising prices, and a host of other issues, are continuing to plague Chines production. » I want to read more and receive info from Dreamgirl

Group Urges Changes At Soma Parent Company

An activist investor group that says it owns 2% of the outstanding shares in Soma parent company Chico’s FAS, wrote a letter to the board, pointing out that Soma, if considered as a separate entity, could be worth more than the entirety of the firm. » I want to read more and receive info from Soma

Altitude Announces Dates For 2022 Show

Altitude announced it’s next lingerie and adult novelties show will open at the MGM Grand in Las Vegas on Monday, March 14, 2022 and run three days through the 16th. » I want to read more and receive info from Altitude

iFabric’s Intelligent Fabrics Segment Surging

iFabric lost 135,227CD (Canadian dollars-about $112,000 at today’s exchange rate) on sales of 2,882,660CD (about $2.39 million) in the quarter ended March 31, 2021. This compares with a loss of 479,436CD (about $397,000) on revenue of 2,252,090CD (about $1.86 million) in the same period last year. » I want to read more and receive info from iFabric

ILS Releases More Info About September Show

The International Lingerie Show claimed its upcoming September show in Las Vegas “is going to be the largest ILS show in years,” as well as providing additional pricing information. » I want to read more and receive info from New International Lingerie Show

Hanes Innerwear: Sales +35.0%, Profit +56.2%

HanesBrands Innerwear sales rose 35.0% while that segment’s operating profit soared 56.2%, in the three months ended April 3, 2021. » I want to read more and receive info from HanesBrands

Delta Galil Nets $15.1M As Q1 Sales Jump 25%

Delta Galil earned $15.081 million on sales of $416.135 million in the quarter ended March 31, compared to a loss of $19.990 million on sales of $332.683 million in the same period last year. » I want to read more and receive info from Delta Galil

NILS Vegas Event Will Be September 13-14

The New International Lingerie Show has confirmed to BODY that it will hold its fall, in-person event at the Tuscany Suites & Casino in Las Vegas on September 13 and 14 (Monday and Tuesday). » I want to read more and receive info from New International Lingerie Show

Roma Signs License To Offer Playboy Costumes

Roma, the costume and lingrie company, just signed a license to produce Playboy costumes for women, for the U.S. and Canada. » I want to read more and receive info from Roma

PVH Q4: Loses $57.7M On Revenue Of $2.09B

PVH lost $57.7 million on revenue of $2.09 billion in the quarter ended January 31, 2021, compared to a loss of $67.4 million on reveue of $2.60 billion in the three months ended February 2, 2020. » I want to read more and receive info from PVH

Wexner Exits L Brands Board, 2 Women Added

Les Wexner is leaving the board of L Brands, the owner of Victoria’s Secret. The founder of the company had most recently served as chairman emeritus of the firm, after giving up the board chairmanship. » I want to read more and receive info from L Brands

Interesting Intimates Firms Seeking Buyers

With more vaccinations, and the pandemic beginning to wind down, many business opportunities have become available across the intimate apparel and related markets. » I want to read more and receive info from FMMG, Inc.

Delta Galil: Q4 Profit of $23.7M, Loss For Year

Delta Galil reported a profit of $23.74 million on sales of $459.68 million in the fourth quarter. But for the year, the company lost $40.52 million on sales of $1.446 billion. » I want to read more and receive info from Delta Galil

Curve Announces An In Person Show August 1-3

Curve has announced it will hold an in person lingerie show in New York, August 1-3, noting that the “location is TBD.” » I want to read more and receive info from Curve

Wacoal 9 Month Sales -20.2%, Earnings -54.9%

Sales fell 20.2% and earnings declined 54.9% in the first nine months at Japan-based Wacoal Holdings Corp. » I want to read more and receive info from Wacoal

Playboy Announces Deal To Buy 41 Lovers Stores

Playboy Enterprises, Inc., which has just emerged as a public company, “announced that it has entered into a definitive agreement to acquire TLA Acquisition Corp., the parent company of the Lovers family of stores,” which includes Peekay stores. Purchase price was “approximately $25 million of cash.” » I want to read more and receive info from Playboy

Hanes Innerwear Sales Jumped 19.7% In Q4

Hanes Innerwear sales overall jumped 19.7% to $668.2 million in the quarter ended January 2, 2021, from $558.3 million in the same quarter last year. » I want to read more and receive info from Hanes

Naked: $46.9 Million In GameStop-Style Surge

Naked Brand Group took advantage of a recent “GameStop-style surge” in its stock price to sell 29,415,000 of its shares and generate net proceeds of approximately $46.9 million. » I want to read more and receive info from Naked Brand Group

Public Playboy Names Lance Barton CFO

Playboy, which has completed the merger making it again a public company, announced the appointment of Lance Barton as chief financial officer, effective March 1, 2021. » I want to read more and receive info from Playboy

Trish Donnelly Named CEO Of PVH Americas

Trish Donnelly, the former CEO of Urban Outfitters Group, is joining PVH in the newly created role of CEO of PVH Americas. » I want to read more and receive info from PVH

Delta Galil: Q3 Net Income To $19.5 Million

Delta Galil reported a profit of $19.542 million on sales of $382.878 million in the three months ended September 30, compared to a profit of $14.034 million on sales of $446.139 million in the same period last year. » I want to read more and receive info from Delta Galil

VS, Pink Holiday Store Comp Sales Fall 23%

Victoria’s Secret and Pink brick and mortar comparable store sales in the U.S., Canada, China and the U.K. fell 23% in November and December. » I want to read more and receive info from Victoria’s Secret

Delta Galil To Open 7 VS Shops In Israel

Delta Galil has closed a deal with L Brands to open Victoria’s Secret and Bath & Body Works stores in Israel. » I want to read more and receive info from Victoria’s Secret

PVH: Q3 Net Income $69.5M; Sales $2.014B

PVH reported third quarter net income of $69.5 million on sales of $2.014 billion, compared to net income of $208.9 million on sales of $2.434 billion in the same period last year. » I want to read more and receive info from PVH

Victoria’s Secret Sales Fall, Direct Sales Up

Total third quarter Victoria’s Secret and Pink sales shrank to $1.353 billion, from $1.578 billion in the same period last year, with store and international sales down and direct sales sharply up. » I want to read more and receive info from Victoria’s Secret

November Market Week Virtual, Not In-Person

The Underfashion Club sent out an email stating the November 2020 market “will be conducted in the same manner as the August Market – with virtual appointments being scheduled around the previously established dates of Sunday, November 1st to Friday, November 6th.” » I want to read more and receive info from Underfashion Club

Q3 Revenue Jumps 41% At Canada’s iFabric

Revenue at iFabric jumped 41% in the three months ended June 30, to $3,214,465 Canadian dollars (C$) (about $ 2.4 million at current conversion rates), up from C$2,284,507 during the same three months last year. » I want to read more and receive info from iFabric

Late January Halloween Show Is Canceled

The Halloween & Party Expo, which had been scheduled for January 22 through 24, has been canceled. » I want to read more and receive info from Halloween & Party Expo

Consumer Electronics Show Canceled For ’21

The largest consumer electronics show in the world, CES 2021, has canceled its physical show that had been scheduled to run January 6-9, 2021, in Las Vegas. » I want to read more and receive info from CES 2021

PVH Closing 162 Outlets, Firing 450 Staff

PVH announced it was closing its 162 Heritage Brands outlets and well as firing about 450 people, or 12% of its North American “office workforce.” » I want to read more and receive info from PVH

Upcoming Offprice And Curve Shows Canceled

Curve New York for September 2020 has been canceled. The show had originally been scheduled for early August, then postponed to September 21-23 at New York’s Javits Center. » I want to read more and receive info from Curve

Market Week: Virtual Or In Person, August 2-7

The Underfashion Club emailed a note stating it anticipates “there will be an August market,” based on “recent input from retailers, manufacturers, and suppliers.” » I want to read more and receive info from Underfashion Club

Curve Annouces NY Show September 21-23

After exploring the concept and dates with wholesalers and retailers in recent weeks, Eurovet Americas announced it will be holding a postponed Curve show at New York’s Javits Center (Hall 1E) September 21-23, 2020. » I want to read more and receive info from Eurovet

First Day Results: People Want To Shop

Discount Fashion Warehouse, which operate nine outlet stores across Ohio, reported a dramatic return to business on Tuesday, May 12, the first day it was allowed by the state to reopen its stores » I want to read more and receive info from Discount Fashion Warehouse

Preparing Your Intimates Business To Re-Open

With some states and stores across the country starting to open for business, lingerie store owners have begun to think about how to operate with the threat of Covid 19 on everyone’s mind — now and for a long time to come. » I want to read more and receive info from Valens Lingerie

May: Updated List Of Companies For Sale

As of the start of May, FMMG Advisors was working with a number of companies and brands for sale (see the list below). Contact Nick Monjo at (917) 602-9430 or Nick@FMMG.com for information. » I want to read more and receive info from FMMG Advisors

Online ‘Module’ Helps Reps Increase Sales

Tim McNamara of McNamara Publishing has created an online sales tool called the “Module,” designed primarily to be used by sales representatives or wholesalers. » I want to read more and receive info from McNamara Publishing

PVH Announces Many Furloughs, Other Steps

PVH announced an extensive list of steps it is taking, including furloughs and salary reductions, to “navigate the COVID-19 pandemic and its effects on its associates and the company’s business and financial position.” » I want to read more and receive info from PVH

May Intimates Market Officially Canceled

With stores canceling or pushing back orders, and most seeing no need to travel to showrooms in the midst of the virus crisis, May Market for intimates, at least in a physical sense, has been canceled. » I want to read more and receive info from The Underfashion Clu

Corin Begins Production Of Face Masks

Corin, the Polish bra producer, has began the production and sale of protective face masks to help in the fight against the Coronavirus pandemic. » I want to read more and receive info from Corin

VS, Pink Now Close Online Stores Til 3.30

Victoria’s Secret and Pink announced Thursday afternoon, March 19, that they are closing their online stores through March 29. This comes after both brands had earlier announced the closing of their brick and mortar stores until March 30. » I want to read more and receive info from Victoria’s Secret

Simon Closed All U.S. Malls, Outlets Until 3.29

Simon Property Group, “in recognition of the need to address the spread of COVID-19,” closed all of its U.S. malls, outlets and mills in the U.S. late yesterday, with openings scheduled for March 29. » I want to read more and receive info from Simon Property Group

Soma Closes All Stores, Outlets Until April 1

Soma’s parent company Chico’s FAS announced it was closing all its stores in North America immediately and “for the next two weeks.” » I want to read more and receive info from Soma

Aerie, Victoria’s Secret, Pink Shut Temporarily

Aerie, Victoria’s Secret and Pink are closing their U.S. and Canada stores temporarily in response to the continued spread of COVID-19. » I want to read more and receive info from Aerie

VS, Pink Sales Fell 8% In 2019 To $6.8 Billion

Days after announcing the sale of a majority stake in its lingerie divisions, L Brands reported that Victoria’s Secret and Pink store and direct sales for 2019 fell 8% to $6.8 billion, from $7.4 in 2018. Fourth quarter sales fell 10% to $2.3 billion, from $2.5 billion in the same quarter last year. » I want to read more and receive info from Victoria’s Secret

Delta Galil 2019 Sales +13% To $1.69 Billion

Delta Galil sales in 2019 rose 13% to an “all time high” of $1.690 billion, from $1.498 billion in 2018. Fourth quarter sales jumped 11% to $504.8 million, up from $454.3 million in the same quarter last year. » I want to read more and receive info from Delta Galil

Sycamore Buying Majority Of Victoria’s Secret

L Brands announced it is selling a “majority 55% interest in Victoria’s Secret Lingerie, Victoria’s Secret Beauty and Pink” to Sycamore Partners “with L Brands retaining 45% minority stake, at a total enterprise value of $1.1 billion.” » I want to read more and receive info from Victoria’s Secret


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