Men’s Wearhouse Excels in Q2

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NEW YORK – Men’s Wearhouse Inc. blew past analysts’ earnings expectation in the second quarter. During the three months ended July 29, the Houston-based menswear giant posted net income of $35.6 million, or 65 cents a diluted share, up 46.1% from the $24.4 million, or 43 cents, tallied in the …

Boomer Angst

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Back in January, I was intrigued by a Smithsonian Magazine story by Landon Y. Jones that reported that Kathleen Casey, the “first baby boomer,” turned 60-she was born on Jan. 1, 1946, at one second after midnight. The US Census Bureau reports that Kathleen’s peers, the leading edge of the …

Gold Toe, Moretz To Combine

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NEW YORK – Two major hosiery houses will now reside under the same roof. Gold Toe Investment Corp. and Moretz Inc., both based in North Carolina, will join forces through a deal in which The Blackstone Group will acquire Gold Toe and help to finance the combination. Blackstone subsequently will become …

Silvertown Joins Canada Goose

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NEW YORK – As part of its effort to beef up U.S.sales, outerwear brand Canada Goose has appointed Paul Silvertown as vice president of sales for North America, a new post. Prior to joining Toronto-based Canada Goose, Silvertown co-owned Pegasus Shirt Company in Canada and, more recently, headed up American …

Dillard’s Rebounds in Q2

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NEW YORK – Dillard’s Inc. reversed a second-quarter loss on flat net and same-store sales. For the three months ended July 29, the Little Rock, Ark.-based regional department store chain had net income of $15.7 million, or 20 cents a diluted share, versus a year-ago loss of $12.3 million, or …

MMG, de Fasson Join Forces

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NEW YORK – MMG Corp. and Daniel de Fasson have formed a strategic alliance. Premiere Neckwear Groupe, the luxury division of St. Louis-based MMG, will assume sales and distribution responsibility for Miami-based Daniel de Fasson’s eponymous designer neckwear collection. De Fasson will lend his design and marketing expertise to MMG, …

Egeck CEO of 7 For All Mankind

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NEW YORK – Michael Egeck has been named chief executive officer of 7 For All Mankind LLC, the luxury denim specialist, effective Aug. 15. As CEO, he succeeds Peter Koral, founder of 7, who remains chairman and president. VF Corp. has appointed Dave Gatto to succeed Egeck as president of …

Q2 Net Balloons at Swank

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NEW YORK – Swank Inc. reversed a first-half loss and expanded its second-quarter earnings nearly eleven-fold during the three months ended June 30. The firm also registered double-digit sales increases in both the quarter and half. Net income for the three months was $976,000, or 16 cents a diluted share, …

Chaps Gaffes Lead Warnaco to Restate, Terminate

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NEW YORK – Accounting improprieties at Chaps menswear precipitated the termination or resignation of three of the unit’s officials and will lead parent company The Warnaco Group Inc. to restate earnings for fiscal 2005 and the first quarter of 2006. Warnaco released the news after the closing of the markets …

Khokhar Takes Jordache Strategy Spot

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NEW YORK – Salman Khokhar has been named to the new post of executive vice president of global strategy for Jordache Enterprises. He reports to Cliff Lelonek, president and chief executive officer of the U.S. Polo Assn. division. Khokhar will be responsible for international licensing, strategic planning and new business …

Mystery Golfers Revealed!

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NEW YORK — The mystery golfers — and heat-fighters — at the Peerless golf outing were (left to right): brothers Jim and Ken Giddon of Rothman’s, Maurice Cohen of Sam’s, and Dana Katz of Milton’s. MRketplace.com is happy to report that all survived the brutal heat.

MR E-mail Service Restored

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NEW YORK — MR Magazine’s e-mail service, disrupted by a hardware failure in the offices of its parent company, Business Journals Inc., early Saturday morning, has now been restored. MR personnel can now be reached at their e-mail accounts, and senders may want to resend any messages sent during the …

Expert Advice: Danny Paul

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Features

Veteran specialty store consultant Danny Paul discusses what’s working, what’s not and what’s next.  Danny Paul has more than three decades of retail sales and management experience, including owner of three apparel stores in southern California and president/CEO of RMSA (Retail Merchandising Service Automation) for 12 years. He’s now chairman …

Milano Hat Set to Open New Site

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NEW YORK – Milano Hat Co., a unit of Dorfman Pacific Co., is set to open a 68,000-square-foot facility in Garland, Tex., on Aug. 16. The new state-of-the-art facility – which will combine production, distribution, customer service and numerous other functions – is the culmination of a plan put in …

Stacy Adams Adds Syllables Sportswear License

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LOS ANGELES – Syllables Inc. has been licensed to manufacture and market men’s sportswear under the urban dress-up brand Stacy Adams through the U.S., its territories and possessions. Syllables will launch its Stacy Adams collection at the Stacy Adams Pavilion at the August 2006 MAGIC and will make first deliveries, …