November 1,  2002                                 Issue #84




         Mcpete -Sez, 
     The Lingerie Newsletter 
                & 
       Women's Wear Journal
         
                 
Sleepwear-Daywear-Foundations-Loungewear-Hosiery-
       Swimwear-Dancewear-Clubwear-Funwear 
                              Ready to-wear.

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The Chinese textile and apparel industry has grown rapidly
 over the past two decades. As a result, China is now the
 world's largest exporter of apparel and textile products.
 This achievement is attributable mainly to China's policy
 of economic reform after opening up to the outside world,
 coupled with the country's low labor costs. Today the
 activities of enterprises are more market oriented, and
 various forms of ownership are flourishing.

     Showcases Around the world
               
A model presents a pink and black mini-bra with a skirt designed by French fashion designer Sonia Rykiel for her Spring-Summer 2003 ready-to-wear collection presented in Paris
                
                 He was an Animal!!
               
A model presents this creation by Welsh designer Julien McDonald as part of Givenchy's Spring/Summer 2003 ready-to-wear fashion show in Paris, October 6, 2002.

  (Indecision) What to wear!, Oh What to wear! 
               
A model presents this creation by French designer Jean-Paul Gaultier at his Spring/Summer 2003 ready-to-wear fashion show in Paris,

               
A model for designer Carlos Ribeiro wears a red leather and lycra corset top with chamois, metal mesh, guipure lace and chamois leaves patchwork appliqué, along with a red satin asymmetrical skirt, during the showing of the designer's Spring 2003 collection in New York, September 21, 2002



44/48

    
Impoverished farmers from the Mexican state of Vera Cruz march in their underwear, wearing signs that read: 'This is the way the government left us,' during a protest march in Mexico City Wednesday, Oct. 16, 2002. They claim that the government has failed to legalize their land claims


                         

                          4/6
                          
The total UK retail sales of women's  hosiery, corsetry and lingerie is estimated to be £1.77bn in 2001. This  represents a 6.9% rise since 2000. The market is made up of  the hosiery, corsetry and lingerie sectors. Retail sales  for hosiery and lingerie stood at £624m and £552m  respectively, in 2001. Brassieres alone account for 33.4%  of the market, with retail sales of £589m in 2001.  At this writing the British pound would equal .65 U.S.

   

20/24


Portuguese designer Fatima Lopes (Center R) is surrounded by her models at the end of her ready-to-wear 2003 spring-summer collection show in Paris, October 9, 2002.

 


   Mixed Early October Results!!
Flagging confidence in the economy and diminished job prospects are keeping many U.S. consumers out of shopping malls as two retail reports showed mixed results for early October.
Retail industry analysts said a sustained sales spurt was not imminent even as retailers prepare for the crucial holiday season.
Chain store sales slipped 0.9 percent in the week ended Oct. 12 compared with a 0.8 percent gain in the preceding week, Bank of Tokyo-Mitsubishi and UBS Warburg reported.
In contrast, Instinet Research's weekly Redbook gauge of retail sales rose a full percentage point during the first retail week of October compared with the same period last month.
"Barring a sudden reversal of the job situation in the United States, we are looking at what is likely to turn out to be an anemic holiday shopping season," said Kurt Barnard, president of Barnard's Retail Consulting Group.
Consumer spending accounts for two-thirds of U.S. economic activity, so analysts keep a careful eye on consumer indicators for signals of the country's financial health.
"Consumer confidence is very weak," Barnard said. "Moreover, everybody now knows somebody who has lost a job or has lost a job himself or herself: that's not exactly the psychological climate conducive to buying binges and spending sprees."
For months now, consumers have showed a hearty appetite for new cars and homes, taking advantage of historically low interest rates in both sectors. But as consumers crowded showrooms and kept real estate brokers busy, they have shied away from chain stores, said analysts.    Retailers have felt the pinch.

Retail sales for second quarter 2002 were $349.0 billion, up from the $338.4 billion recorded last quarter, and up $17.1 (+\-2.2) billion from a year earlier. Profits per dollar of sales averaged 2.7 cents in the second quarter of 2002, up from the 2.1 cents recorded in the preceding quarter, and up 1.1 (+\-0.1) cents from the second quarter 2001.



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