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Frederick's Narrows Losses
Women's intimate apparel firm Frederick’s of Hollywood
Group has posted a narrowed loss for the second quarter, helped by expense reductions and the closure of
under performing stores.
Net loss for Q2 was US$4.9m, compared to $20.2m in the same quarter last year. Net sales decreased 21.3% to $41.3m
though, while same-store sales fell 5.3%.
During the first six months of the year sales decreased 17.4%, while net loss applicable to common shareholders was
$9.3m - 64% narrower than the prior year.
However, the company's selling, general and administrative expenses decreased by 3.6% to $18.1m during the period.
Thomas Lynch, the company's chairman and CEO, said: "The turnaround strategy that we first introduced approximately
one year ago has strengthened the company's foundation and positioned us for improved results.
"While we continue to face certain macroeconomic pressures, the benefits from our cost cutting program have started to
help offset these effects and will increasingly play a part in our turnaround."
A group of masked women caused controversy in China by dancing in the street in their underwear in a bid to find husbands.
The eight young women said they were coming under intense pressure from their families to settle down before "it was too late".
They braved the weather to strip down to their bras and pants outside a subway station in Guangzhou, capital of Guangdong province, and danced for passers-by.
The girls handed out sheets of paper with their personal details and the kind of men they hoped to marry.
And they held boards with slogans such as: 'Brother, marry me!', 'My mom is pushing me for marriage!', and 'Time flies, let's date!'.
Calling themselves the 'Crazy Beauties', the women said they had deliberately timed the event to coincide with International Women's Day.
Organizer Xing Zi said: "We planned this to stand as a declaration. This is to prove we have enough confidence and determination."
One participant explained: "We think we are beauties, but we can't find our
Mr. Rights. Our age is close to 30, so we have to do something."
Another dancer, with the nickname Ali Nerd, said her mother was driving her crazy: "She calls me all day long, nagging me to get married," she said.
The show attracted hundreds of people with many onlookers applauding the women and taking their pictures with mobile phones.
The new eco-friendly banana range of undies incorporates 27 percent banana fiber, 64 percent cotton and 9 percent lycra, AussieBum's Lloyd Jones said.
The banana fiber used in the underwear is made from a bark weave from the banana plant and makes the underwear not only lightweight, but also very absorbent, he said. "Naturally you can't really add anymore banana fiber than that because it might be a bit squishy," said Jones, adding that wearers did not have to worry about real monkeys, as the underwear does not smell like a banana.
Hustler Lingerie Signs
Distribution Exclusive in
Industry leader Hustler Lingerie has signed yet another exclusive international distribution deal, now with Violeta-Dominic in Romania and Moldova. Like other major distribution agreements signed already this year, this one comes with unusually high minimum guarantees, and helps to further solidify Hustler's penetration of the European markets.
Hustler Lingerie President Elan Rofé says, "The Hustler name has special significance in Europe, where it's viewed as a luxury/lifestyle brand. With the introduction of our brand-new collection, which offers even more affordable price points, retail sales will be huge. The folks at Violeta-Dominic are seasoned professionals, and everyone feels good about this agreement."
Speedo Launches Shapeline
Swimwear brand Speedo has launched what it describes as
“the nearest thing to the made-to-measure swimsuit” after it tailored its new Shapeline range to different body
Designed by Speedo’s global R&D Aqualab team – which includes three lingerie experts – the swimsuits are based
on research into the body shapes of 5,400 women who were scanned during the UK Size Survey.
Almost without exception, the data helped
categorize female body shapes into three categories: Bottom Hourglass, Hourglass and Top Hourglass.
The resulting three swimsuit styles are the Bust Shaper (Natasha), the Waist Shaper (Madeline), and the Tummy and
Hip Sculptor (Maria).
All styles feature double-layered stomach panels to provide maximum support, and seaming to help re-balance the
Multi-way strap positions also contribute to flexibility and a more personalized
Speedo says it is the first brand in the world to offer such new innovation in dual cup sizes. The bra sizes range
from size 30B to 34G and the suits are available in sizes 10-20 in a range of styles and
M&S & Wal-Mart's Green
US retail giant Wal-Mart has joined Marks and Spencer
by launching a barrage of green commitments relating to suppliers and transportation.
Both companies have rolled out their sustainability commitments with great aplomb recently, keen to ensure
their efforts do not go unnoticed. But they are also hoping that greener business practices will result in bottom line
growth and better efficiencies.
Mike Duke, Walmart president and CEO, says: "Reducing carbon in the life cycle of our products will often mean
reducing energy use. That will mean greater efficiency and, with the rising cost of energy, lower costs, making our
business stronger and more competitive."
Wal-Mart is aiming to eliminate 20m metric tons of greenhouse gas (GHG) emissions from its global supply chain
by the end of 2015 - the equivalent emissions of 3.8m cars each year.
The company says its supply chain is many times larger than its operational footprint and represents a more impactful
opportunity to reduce emissions.
M&S, meanwhile, is launching 80 major new commitments in a bid to move its Plan A eco initiative further into the
Among these goals is converting all its food, clothing and home items into ‘Plan A products’, so that each carries at
least one sustainable or ethical quality, by converting 50% of products by 2015 and 100% by 2020.
Sir Stuart Rose, chairman of M&S says: "Since we launched our eco plan, Plan A, in 2007 we’ve reduced our
environmental impact, developed new sustainable products and services, helped improve the lives of people in our
local communities and saved around GBP50m by being more efficient.
"We’ve now set ourselves the ambitious target of becoming the world’s most sustainable retailer by 2015, so that we
lead the way in making a positive contribution to the environment and society across everything we do and
everything we sell."
While both companies are lining themselves up as environmental stewards, the commitments are certain to drip
down to suppliers.
For instance, M&S wants to create 200 ‘Plan A’ factories with either ethical or environmental features, while
Wal-Mart's tool for monitoring factories cut more than 3,300 metric tons of greenhouse gas emissions and saved
suppliers $200,000 in energy costs in its first year.
It seems retailers are keener than ever to forge close supplier partnerships, knowing the benefits of a green
supply chain are well worth working for.
A Letter to My Dogs
When I say to move, it means go someplace else, not switch positions with each other so there are still two dogs in the way.
The dishes with the paw print are yours and contain your food. The other dishes are mine and contain my food. Please note, placing a paw print in the middle of my plate and food does not stake a claim for it becoming your food and dish, nor do I find that aesthetically pleasing in the slightest.
The stairway was not designed by NASCAR and is not a racetrack. Beating me to the bottom is not the object. Tripping me doesn't help, because I fall faster than you can run.
I cannot buy anything bigger than a king size bed. I am very sorry about this. Do not think I will continue to sleep on the couch to ensure your comfort. Look at videos of dogs sleeping, they can actually curl up in a ball. It is not necessary to sleep perpendicular to each other stretched out to the fullest extent possible. I also know that sticking tails straight out and having tongues hanging out the other end to maximize space used is nothing but doggy sarcasm.
My compact discs are not miniature Frisbees.
For the last time, there is not a secret exit from the bathroom. If by some miracle I beat you there and manage to get the door shut, it is not necessary to claw, whine, try to turn the knob, or get your paw under the edge and try to pull the door open. I must exit through the same door I entered. In addition, I have been using bathrooms for years, canine attendance is not mandatory.
The proper order is kiss me, then go smell the other dogs butt. I cannot stress this enough. It would be such a simple change for you.
Your Overwhelmed Owner
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