Getting Naked

In Opinions by Harry SheffLeave a Comment

A few months ago I saw an underwear spread in another menswear trade publication, and well… my competitive instincts kicked in. When it came time to plan MR’s August 2007 issue, I knew just what had to be done… it was time to get naked. I also knew just who to call. …

Barneys To Open More U.S. Stores

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DUBAI – Reuters is reporting that Istithmar, the Dubai-based investment group that won the bidding war for Barneys New York, is planning to open five new locations in the U.S. The investment group’s CEO David Jackson reportedly told a Dubai radio station: “We can probably open three to five stores …

Swank’s High Sales Checked by Taxes

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NEW YORK – One hundred ten-year-old fashion accessory company Swank Inc. reported higher net sales in the second quarter of 2007 compared to the same time last year, but lower net income as a result of income tax provisions. Net sales were up, $29.2 million in Q2 versus $26.4 million …

Ailing Wilsons Leather Looks to Accessories

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MINNEAPOLIS – Wilsons Leather is seeking strategic assistance after a sales drop of 18.3 percent in the last year, down from $123.8 million to $101.2 million. July same store sales have dropped two percent from the previous month. The board appointed Michael T. Sweeney, a managing partner of Goldner Hawn …

Ketchum Creates Fashion Marketing Group

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NEW YORK – Marketing firm Ketchum has created a new apparel section called Fashion Interactive 2.0, to be led by Roy Edmondson and Jeff Danzer. The group will expand on the traditional marketing modes by exploring blogging, social networks, and other new media and experiential marketing. Describing the new group’s …

Fast Retailing Out of Barneys Bidding

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TOKYO — Fast Retailing, the Japanese parent company that owns the Uniqlo chain, has dropped out of the bidding battle for Barneys New York, leaving the Dubai investment group Istithmar in the clear to acquire the luxury department store chain for $942.3 million from the Jones Apparel Group. Fast Retaling …

Urban Outfitters’ Same-Store Sales Slump

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PHILADELPHIA – The Urban Outfitters chain is reporting same-store sales down three percent, even as its parent company, Urban Outfitters, Inc. enjoys increases in its Anthropologie and Free People chains. New and existing store sales combined rose by 22 percent to $348.5 million during the quarter. The company’s full second …

Polo Ralph Lauren Q1 Disappoints

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NEW YORK – Shares of Polo Ralph Lauren stock dove 10 percent as the apparel company announced disappointing first quarter fiscal 2008 numbers today. Net income was $88 million (82 cents per diluted share) for the first quarter, versus Q1 2007’s $80 million (74 cents per diluted share), which was …

Istithmar Offers New Bid for Barneys

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Jones Apparel Group has accepted the Dubai-based investment group Istithmar’s new bid of $942.3 million for its Barneys New York chain of luxury department stores. This beats Japanese contender Fast Retailing’s $950 million offer, which would have come with a $22.7 million termination fee for Jones Apparel’s earlier deal with …

Storms Slam New York Commute

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New York – If you had an appointment with someone in New York this morning, there’s a good chance they didn’t make it. A band of severe thunderstorms, and even a couple of tornadoes came through just prior to rush hour, knocking out service on several subway lines, and suspending …

Online Retailer Bluefly Operating Losses Lower

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NEW YORK – The ten-year-old online fashion retailer Bluefly announced a 29 percent second quarter revenue increase from $16.8 million in the second quarter of last year to $21.6 million. Gross profit increased by 20 percent. Gross margin decreased from 42 percent in 2006 (Q2) to 39.2 percent, but the …

Warnaco Q2 Net Income Soars

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NEW YORK – Warnaco Group, Inc., the parent company of Calvin Klein jeans and underwear, and Chaps, is reporting net income of $13.8 million in the second quarter, or 30 cents per share, compared to the second quarter of 2006’s $3.4 million, or 7 cents per share, a year ago – …

Big Earnings for Iconix in Q2

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NEW YORK – The Iconix Brand Group is reporting big numbers in the second quarter: Licensing revenue has increased from $18.4 million in the second quarter of 2006 to $39.1 million and Earnings before interest, taxes, depreciation, and amortization increased nearly three-fold from $11.4 million in Q2 last year to …

BATA Show to Open with New Management

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Big and Tall Associates (BATA), the group that operates the successful big and tall menswear show at the Chicago Collective show, has named Bill Goodall executive director, replacing the late Paul Daube’s wife Shirlee. Mr. Daube, a legend in the big and tall menswear market, passed away last May at …

Steve Madden Down in Q2

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LONG ISLAND CITY – Footwear and accessories designer Steve Madden announced lower second quarter numbers than last year, with net sales down to $108.3 million compared to $129.5 million in the second quarter of 2006. Net income was $10.5 million (49 cents per diluted share) compared to $12.7 million (58 …

True Religion Reports 16% Net Sales Increase

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VERNON, Ca. – The five-year-old premium denim brand True Religion Apparel is reporting a second quarter net sales increase of 16.3 percent over the same time last year from $30.7 million to $35.7 million. The company is crediting both their consumer direct segment and their men’s business for the growth. …

Barneys Bids Nearing a Billion

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NEW YORK – The bidding over Jones Apparel Group’s Barneys New York chain of luxury department stores is getting hotter, with Dubai-based Istithmar, an investment group that seemed to have a lock on the acquisition, raising its bid to match Japan’s Fast Retailing Co., and Fast Retailing countering with a …