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Articles Of Interest
US Senators Look to Ban Imported Sweatshop Products
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TJX's Security Breach
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Still No Agreement Between South Korea & US
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Bangladesh's Exports to US & EU Up 24%
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ILG to Cut 186 Workers
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Buyers' Best Sellers
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Ask Andy
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McPete Sez
Mailbag
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Chinese Factory Fire Kills 7
Page
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Wal-Mart to Pay $33M
Page
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Kuwait Bans Men from Selling Lingerie
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Ask Kevin
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Skinny Mannequins Next Target
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Anti-Farty Pants
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Airport Bans Hawkins Ad
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Pillow Fighting League
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Page 3
Intimas Anticipates
Improved FY
Lingerie maker Intimas Group is anticipating better full-year results despite difficulties in the pre-Christmas trading period.
Intimas said in a statement: “The retail climate in the run-up to Christmas proved to be very challenging.
“Despite pressure on sales, the group is pleased to report that the full-year result will show a continuing improvement in trading performance, with sales of branded products well ahead of the previous year.”
Order intake for the first quarter of 2007 has been “encouraging”, the company added.
Intimas is a designer and supplier of ladies’ intimate apparel, with a portfolio of brands including Lepel, Charnos, Ted Baker Intimates and ‘By Caprice’ Lingerie.
7/12
Chinese Factory Fire
Kills Seven
 At least seven women workers have been killed after a fire broke out at a
reportedly unlicensed garment factory in Shenzhen, southern China.
Eleven people were reportedly working in the privately-owned factory when
the fire
broke out. It was said that the fire was started by surplus material being burnt.
According to local reports, the underwear factory’s owner regularly locked doors and windows to stop workers from escaping.
It has been said the police were keeping the factory’s owner, who employed 16 workers, under surveillance.
Wal-Mart to Pay $33M
Wal-Mart Stores has vowed to pay more than US$33m in back wages to
thousands of employees because it paid too little in overtime.
Wal-Mart brought the matter to the attention of the Department of Labor after an internal audit raised concerns regarding overtime
computations.
The concerns included how Wal-Mart treated incentives and other premium payments in the calculation of employees' overtime pay, and
how it addressed payment of overtime to certain non-exempt salaried interns, manager trainees, and programmer trainees.
Wal-Mart has agreed to pay all back wages the Labor Department has determined are owed for violations identified in the consent
judgment. The company has also set up a website and a toll-free telephone number to answer questions regarding the back wages.
The department said the issues arose under the Fair Labor Standards Act
(FLSA) concerning how the company computed overtime pay. The agreement covers 86,680 employees who worked for the company from
February 1, 2002 to January 19, 2007.
"This settlement provides $33m in back wages, plus interest, to Wal-Mart workers, and the company has taken corrective action to
prevent this from happening again," said assistant secretary of Labor for Employment Standards, Victoria
Lipnic.
11/24 www.delicateillusions.com
Kuwait Bans Men From
Selling Lingerie
Kuwait issued a decision banning men from working in shops selling "private" women's garments like lingerie.
The decision, issued by the ministry of social affairs and labor, gave businesses
until April 7 to implement the ban or face a fine of up to $700 for each
violating worker.
It said that special inspectors from the ministry would enforce the ban.
The ministry also ordered its labor departments to stop recruiting male migrant
laborers for employment in women's lingerie shops.
Kuwait is a conservative Muslim emirate where alcohol is banned, but it does
not have a strict dress code for women like that enforced in neighboring
Saudi Arabia.
4/24
"Ask Kevin"
For all of your website questions...
Kevin and his wife have been retailing lingerie and adult products since 1988. They believe that a large portion of their business success came from the
addition of their websites to their retail store and that in today's fast paced
market, internet marketing goes hand in hand with any business.
Kevin's personal site design experiences include all levels of internet marketing and design including secure server ordering processes, merchant account integration, HTML editing, photo editing, graphic design and banner
advertisements. All of which are needed on a business style website.
Kevin also designs websites and consults clients who want to do more business online.
Kevin welcomes your questions and comments regarding website design, internet marketing, photo editing, domain registrations hosting and more. For serious website entrepreneurs, he recommends this course for complete Internet marketing training. Internet Marketing & Site Optimization Tips:
http://www.marketingtips.com/t.cgi/848190
You can ask Kevin your questions at
Kevin@mcpetesez.com
The "Ask Kevin" Column is an opinion Column and may
not necessarily reflect the views of
McPete Sez.
7/12
Fruit of the Loom to
Buy
VF Intimates
Apparel maker VF Corp is to sell its intimate apparel business for US$350m to Berkshire Hathaway unit Fruit of the Loom, as part of a strategy to
streamline its operations.
The intimates business, which boasts brands such as Vanity Fair, Lily of France,
Vassarette, Bestform and Curvation, made more than $800m in revenue and about $50m in operating income in 2006.
This represented 12% and 6% of VF's total 2006 revenues and operating income, respectively.
The cash transaction is expected to be completed during the first quarter of the year. It is currently subject to government approvals and customary closing conditions.
VF said the sale proceeds will go toward repurchasing shares in 2007.
Fruit of the Loom, meanwhile, plans to operate the businesses as a new subsidiary called Vanity Fair Brands.
VF Intimates’ existing president and management firm will stay on.
"We are delighted at the prospect of adding such strong brands to our portfolio," said John Holland, CEO of Fruit of the Loom. "We were most impressed with the heritage, experience and innovative talent of the VF Intimates worldwide team."
Excluding results from intimate apparel, VF expects fourth-quarter revenue of about $1.6bn plus earnings of about $1.20 to $1.22 per share.
It also foresees full-year revenue of about $6.22bn and full-year earnings of about $4.70 to $4.72 per share.
VF expects a loss of about $45m for the sale of the intimates business.
A.A.A.D.D.
Recently, I was diagnosed with: A.A.A.D.D. - Age Activated Attention Deficit Disorder.
This is how it manifests:
I decide to water my garden. As I turn on the hose in the driveway, I look over at my car and decide it needs washing.
As I start toward the garage, I notice mail on the porch table that I brought up from the mail box earlier. I decide to go through the mail before I wash the car.
I lay my car keys on the table, put the junk mail in the garbage can under the table, and notice that the can is full. So, I decide to put the bills back on the table and take out the garbage first.
But then I think, since I'm going to be near the mailbox when I take out the garbage anyway, I may as well pay the bills first. I take my check book off the table, and see that there is only 1 check left.
My extra check! s are i n my desk in the study, so I go inside the house to my desk where I find the can of Coke I'd been drinking.
I'm going to look for my checks, but first I need to push the Coke aside so that I don't accidentally knock it over. The Coke is getting warm, and I decide to put it in the refrigerator to keep it cold.
As I head toward the kitchen with the Coke, a vase of flowers on the counter catches my eye -they need water.
I put the Coke on the counter and discover my reading glasses that I've been searching for all morning.
I decide I better put them back on my desk, but first I'm going to water the flowers.
I set the glasses back down on the counter, fill a container with water and suddenly spot the TV remote. Someone left it on the kitchen table.
I realize that tonight when we go to watch TV, I'll be looking for the remote, but I won't
remember that it's on the kitchen table, so I decide to put it back in the den where it belongs, but first I'll water the flowers.
I pour some water in the flowers, but most of it spills on the floor.
So, I set the remote back on the table, get some towels and wipe up the spill.
Then, I head down the hall trying to remember what I was planning to do.
At the end of the day:
- The car isn't washed
- The bills aren't paid
- There is a warm can of Coke sitting on the counter
- The flowers don't have enough water,
- There is still only 1 check in my check book,
- I can't find the remote,
- I can't find my glasses,
- And I don't remember what I did with the car keys.
Then, when I try to figure out why nothing got done today, I'm really baffled because I know I was busy all day, and I'm really tired.
I realize this is a serious problem, and I'll try to get some help for it, but first I'll check my e-mail.
Don't laugh -- if this isn't you yet, your day is coming!!
Hey Sales Reps !!!
Would you like to write an article for this newsletter? we are
looking 
for information for our readers and if you have anything to
contribute please e-mail me.
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