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Federated Tanks
Page 1

Neiman's & Bergdorf Cancel
Page 1

Textile Smuggling
Page 1

Levi Straus Bombs
Page 1

Bluefly.com
Soars
Page1

McPeteSez Mailbag
Page 2

Burlington Falls
Page 2

Paris Cancels
Page 2

Grandmother's Bare all
Page 3

Patricia Fields Show
Page 3

MJM Pushes Ultima bra
Page 3

La Perla shows off
Page 4

Mode Mag. Quits
Page 4

Trade Shows
For Oct.-Dec. 2001
Page 5

October 1, 2001                                  Issue #58

     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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A woman holds a sign thanking rescue workers near the scene of the World Trade Center disaster in New York, September 13, 2001. Air-filter masks have become a disturbing new street fashion in New York amid growing concerns about potential health hazards posed by the acrid smoke billowing out of the World Trade Center wreckage since Tuesday's air attacks
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Federated Sales 20 Per Cent Off Plan
just-style: Federated Department Stores Inc, parent of Macy's and Bloomingdale's, on Monday said sales are running 20 per cent below its forecast since the September 11 attacks on New
York and Washington and warned it will likely lower its earnings guidance for the rest of fiscal 2001.
Cincinnati, Ohio-based Federated said sales at its stores open at least a year will be down by 15 to 20 per cent in September, but said it is difficult to provide an accurate estimate for the full year in the current environment. The retailer will provide new guidance after completing an assessment of the outlook for the
balance of the year.
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:
Neiman Marcus and Bergdorf
Goodman Cancel Fall Orders
According to a report in The Wall Street Journal, Neiman Marcus and its Bergdorf Goodman division have become the first key U.S. retailers to tell suppliers they will cancel the remainder of fall orders in the aftermath of last week's terrorist attacks.
Bergdorf's chief executive Ron Frasch confirmed on Thursday
that Bergdorf sent out about 1,000 letters by fax to its vendors.
The company stated the number of cancelled orders was relatively small and did not disclose the dollar amount of the
cancellations. The article also reported that fall goods began
shipping on June 1 and the majority of Bergdorf's fall
merchandise had been received.

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             Textile Smuggling
"Smuggling is a symptom of the porous nature of our borders in terms of cargo," said Cass Johnson, associate director for trade and special projects at the American Textile Manufacturers Institute.
"If you can smuggle a container of textiles, you can smuggle a biological weapon, a chemical weapon or a weapon of mass destruction."
However, most would agree this industry concern is based more in self-interest than public safety. Johnson's group estimates that more than $500 million in textiles and apparel are smuggled into the United States annually from Asia, and this year served as a major force behind 60,000 lost textile jobs.
Customs officials maintain, however, that terrorists would not smuggle hazardous materials into the country though the same channels that foreign companies might use to sneak in their clothing. And most travelers and concerned citizens will be relieved to hear that the textile business just isn't a major priority
right now when it comes to U.S. border security.
"We are 100 percent focuses on national security," said customs spokesperson Dennis Murphy. "I don't think the American people are threatened by additional shirts in the country."

18/24

Levi Strauss Earnings Drop 60
Percent
Levi Strauss & Co. reported Wednesday that its fiscal third
quarter earnings fell 60 percent on weak retail markets in the United States and Japan. The company said its net income fell to $15. Million in the quarter ended August 26 from $37.8 million a
year earlier. Sales, which reports earnings because of its
outstanding corporate debt, also fell to $983.5 million from $1.13 billion a year earlier
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Victoria's Secret Wins in Court
MIAMI - Victoria's Secret won $120,000 in damages from a
company that chose four Internet domain names similar to the lingerie company's name.
Victoria's Cyber Secret, which has not used the domain names online, said they were for planned adult entertainment sites starring Playboy Playmate Victoria Silvstedt.
But Silvstedt told the judge that Victoria's Cyber Secret was not
authorized to use her name or likeness and that she plans no future business dealings with the limited partnership.

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Lingerie Firm Ditches New York Skyline Ads... Austrian lingerie maker Palmers has scrapped a planned advertising campaign which featured the New York skyline following the recent attacks on the World Trade Center and Washington's Pentagon. The 6,000 billboard posters and 10,000 shop window displays - which showed models superimposed on an image of Manhattan by night - had already been printed and were on display in some of the chain's stores.
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    Bluefly's Sales Soar
Internet-based designer outlet retailer Bluefly.com reported sales up 43 percent from last year for the month of July and a whopping 97 percent increase for August.
Net sales for July climbed to $1.7 million from $1.2 million in the same period in 2000. For the month of August, sales jumped to $2.1 million from $1 million last year.
"The weak retail environment has created many off-price buying opportunities in the marketplace," said CEO Ken Seiff. "We believe out selection of merchandise has never been better, and we are encouraged by the fact that September sales for the first three weeks of the month are approximately 45 percent ahead of last year's numbers."
Based in New York, Bluefly offers designer items, discounted up to 75 percent, from more than 450 brands. Last fall, the company was faced with possible failure as its cash flow dwindled, but financier George Soros of Soros Private Equity Partners came to the rescue and injected a reported $15 million.
Despite the slowdown in Internet spending, analysts saw Bluefly as better positioned than other e-tailers because of its solid relationships with designers and suppliers.

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We at Carnival Cruise Lines didn't forget that a lot of entertainers had promised to leave the country if George W. Bush became President. With that in mind, we have a Special Offer for those who want to keep their promise!
Attention: Would Alec Baldwin, Rosie O'Donnell, Cher, Phil
Donahue, David Gephin, Barbara Streisand, Pierre Salinger, and anyone else who made that promise, please report to Florida for the sailing of the Funship Cruise, "Elation", which has been
commissioned to take you to your new homes outside of the USA.
The Florida Supreme Court will sponsor a Farewell Parade in your honor through Palm Beach, Broward, and Miami-Dade counties prior to your cruise.
Please pack for an extended stay...at least four years and you should consider the possibility of eight years.
Your captain is - Bill Clinton
Your cruise director - Al Gore
Your recreation director - Monica Lewinsky
Your lifeguard and swimming instruction supervisor - Sen. Ted Kennedy Sen. Kennedy will also be teaching a course in emergency procedures.
Your spiritual advisor and marriage counselor will be the
Rev. Jesse Jackson.
If you've any questions about making arrangements for your homes, friends and loved ones, please direct your comments to Senator Hillary Clinton. Her village can raise your children while you're gone, and she can watch over all your money and your furnishings until you return.
Bon Voyage!

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