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Hong Kong Mode
Lingerie 2007
Page 4
Mothers Work Q2 Profit Soars
Page 4
Moss to be Live Mannequin
Page 4
London's Sex Theme Park
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Page 4
Hong Kong Mode
Lingerie 2007
Surprisingly, a big lingerie exhibition in a Chinese city sees almost no women wearing lingerie, despite the presence of a number of intimate apparel industry's people - the society is traditionally conservative in this matter.
Promising and quality visitors and exhibitors turn-up rate, strong supports from different industries and influential bodies, an Event Night with lingerie fashion show, talk of the town coverage - are all the key success factors of the first Hong Kong Mode Lingerie 2007.
Hong Kong Mode Lingerie was held at Hong Kong Exhibition and Convention Centre, Hall 5, on 3rd and 4th of April. As it was the first meeting in Hong Kong for the whole fashion and lingerie industry, the
organizer Eurovet is proud to announce some promising facts of success.
High quality visitors from all over the world: The 2 days exhibition accumulated almost 3500 visitors, of which 76% were directly involved in buying and retailing.
Leaders and top names from the retail and the industry attended to meet suppliers, get information on trends, watch the fashion show, and attend the conferences.
6/12
Mothers Work Q2
Profit Soars
Maternity wear retailer Mothers Work Inc announced second quarter
profit more than quadrupled, despite a 0.5% drop in sales which the company blamed on cold weather in January and February which hit
sales of spring merchandise.
For the three months ended 31 March, net income was $2.6m, or $0.41 per diluted share, compared with $0.5m, or $0.09 per common share
(diluted) in the second quarter of fiscal 2006.
Quarterly net sales fell to $143.9m from $144.6m in last year's
quarter. The decrease was attributed to a drop in same-store sales, largely offset by increased sales from leased department and licensed
relationships and marketing partnerships.
Comparable store sales decreased 1.6% during the second quarter, versus an increase of 1.4% last year.
Rebecca Matthias, president and chief operating officer of Mothers Work, said: "During the second quarter, we continued to experience
improvement in gross margin versus last year, with less price promotional activity compared to last year, as well as a continued
reduction in our product costs."
For the first six months, profit was $4.0m, a significant improvement over the $0.9m posted in last year's first half. Before debt
repurchase charges resulting from the company's redemption of $25m of its outstanding 11-1/4% Senior Notes in December 2006, profit was
$5.2m
Net sales for the six months decreased 1.2% to $292.3m from $296.0m in the preceding year. Same-store sales fell 1.9% versus a comparable
store sales increase of 2.4% during the first six months of fiscal 2006.
Looking forward, the retailer expects to see increases in sales and
gross margin from its marketing partnerships, leased department and licensed relationships with Sears and Kohl’s, and the continued
rollout of its multi-brand stores - which currently include 38 two-brand Mimi combo stores, 3 triplex stores, and 12 Destination
Maternity Superstores.
Matthias added that the company's sales in April have been
"significantly weaker than planned" and that operating income for
fiscal 2007 is expected in the $33.3m to $38.7m range, an increase of 10-28% over 2006.
However, earnings per share have been dropped from earlier guidance to between $2.32 and $2.85 per share. This will still represent an
increase of 35-66% over fiscal 2006.
4/12
Moss to be Live Mannequin
Kate Moss is set to pose as a mannequin to help launch her new Topshop range of clothes.
The 33-year-old model plans to stand as a mannequin in the window of the chain's flagship store in London to mark the start of her sale.
And shoppers are said to be limited to just five items each to prevent the range appearing on eBay too quickly, the company has claimed.
A source told the Mirror: "Kate plans to pose as a mannequin. Her biggest problem will be not giggling among the dummies."
But some fashion experts have been less than kind about the model's new range of clothes, with many doubting the £3 million she got paid for the clothing line was really necessary for a first-time 'designer'.
13/24
Toray Unveils
White Trousers to Hide
Underwear
The first new material to be jointly launched by Fast Retailing Co,
which operates the Uniqlo casualwear stores, and textile maker Toray Industries Inc, is a special lightweight fabric that prevents women's
underwear from showing through.
The two companies announced a special fabric partnership last June, with Toray setting up dedicated production lines at its factories
around the world to supply the Uniqlo chain with state-of-the-art fabrics.
The special polyester fabric contains a high-density ceramic makes it opaque, and will be used in white trousers for women.
Uniqlo aims to sell 200,000 pairs this summer.
10/15/05
Who's the Boss?
A young couple on their wedding night were in their honeymoon suite.
As they were undressing for bed, the husband, a big burly man, tossed his trousers to his new bride. He said, "Here, put these on."
She put them on and the waist was twice the size of her body.
"I can't wear your trousers." she said.
"That's right,'' said the husband, "and don't you ever forget it. I'm the man who wears the pants in this family."
With that she flipped him her panties and said, "Try these on."
He tried them on and found he could only get them on as far as his kneecaps.
"Hell," he said. ''I can't get into your panties!"
She replied, "That's right...and that's the way it is going to stay until your attitude changes."
10/24
What People Hide in
Their Underwear
Two men found with $50,000 worth of cocaine hidden in their underwear at the Lynden Pindling International Airport are expected to be charged before the courts.
They were arrested when a group of four men and one woman traveling to Ft. Lauderdale, Florida, were stopped and searched by officers.
Press Liaison Officer, Assistant Supt. Walter Evans, told The Guardian that the men, both 28-years-old and residents of southern New Providence, were found with two-and-a-half ponds of cocaine, with a street value of $50,000.
The apprehension, said ASP Evans, was a joint effort by officers from the Airport Police Station and US customs officers.
050107
Scotland's Independence
Threatens Mone
Ultimo bra tycoon Michelle Mone vowed to quit Scotland if Alex Salmond wins power in Scotland.
She warned her company would be forced out by spiraling taxes if the country became independent.
Mone told a radio station she would bet "a million pounds" that taxes would rise if Scotland went it alone.
The high-powered founder of MJM International was one of 150 business leaders who publicly backed Scotland staying in the UK.
Dolly the Sheep creator Professor Ian Wilmut and Professor Sir David Lane, who is leading the search for a cancer cure, claimed independence would wreck Scotland's reputation for cutting-edge research.
And, asked if that would driver her out of Scotland, Mone said: "I don't think there'll be any option, to be honest with you. Because if taxes go up, we will find it very, very difficult to run a business from Scotland."
Mone, who runs her multi-million pound business from Glasgow, added: "I just think that, at the moment, we're doing well, and why split us up? Why be on your own when you can fight bigger?
"I just feel that it's come to a stage where it is serious now and I've got to speak out because I love my country.
"I want to keep the business running from Scotland. It's hard enough flying up and down from London and it would be increasingly more difficult."
Mone's damning verdict on Salmond's plans was echoed by more than 60 of the country's top academics.
The scientists signed an open letter saying they were "very concerned" about separation and hinting at a brain drain to the south if Scotland split from the UK.
The letter said they punched "well above our weight" in winning all important Government funding for their world-beating research.
It added: "Separation would inevitably lead to disruption of these ties, with detrimental consequences for the health of the Scottish science base and for the long-term viability of the Scottish economy and society." Among those signing the letter were Dolly creator Wilmut and Lane, the renowned oncologist based at Ninewells Hospital, Dundee.
Professor Hugh Pennington, one of the UK's leading food safety experts, and Professor Sir Kenneth Murray, who developed the vaccine for Hepatitis B, also voiced support for the UK.
Their backing was welcomed last night by Chancellor Gordon Brown.
In a speech at Shawlands Academy in Glasgow, he praised the vital contribution made by Scots scientists.
But he warned Scotland's leading reputation for science would be wrecked by independence.
He said: "Scotland has always been a nation not defined by an obsession with borders but marked out by how we have pushed back the boundaries of science.
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