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Articles Of Interest
Still No Deal Between
U.S. & China
Page
1
Increased Fuel Costs Threaten Business Into Bankruptcy
Page
1
South African Workers Strike
Page
1
Hilfiger to
Axe 135 U.S. Workers
Page
2
Buyers' Best Sellers
Page
2
Ask Andy
Page
2
McPete Sez
Mailbag
Page
2
48 Japanese Companies Went Bankrupt
Page
3
Playboy Expands
Page
3
Ask Kevin
Page
3
U.S. Trade Deficit Up
Page
4
Wacoal
Axes Jobs
Page
4
PETA Has Found New Target
Page
4
September Retailers' Sales Review
Page
5
The Buzz
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5
Reps Corner
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5
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Page 4
Hestia Signs
Nicollette Sheridan 
Desperate Housewives star Nicollette Sheridan has signed up to
pitch underwear for lingerie Austrian company, Hestia.
The British-born actress visited Sydney at the end of September to shoot a TV commercial and to make promotional stops for the company.
The advertisements, which will only be shown in Australia, reportedly feature Sheridan wearing little more than a lacy bra as she pretends to undertake household chores including ironing and hedge trimming.
18/24
U.S. Trade Deficit Up
The US trade deficit rose to its third-highest level on record in
August, with imports of Chinese goods including textiles reaching
new levels, according to a government report.
August’s deficit totaled $59 billion, which topped July’s figure by about $1.1bn.
The US imported goods worth $167.2bn during the month, compared to exports which
totaled $108.2bn.
Chinese imports of clothing and textiles rose 3.1%, contributing to total imports of a record $22.4bn during August.
Total imports of Chinese clothing and textiles are said to have leapt more than 53% during the first eight months of 2005,
compared to last year.
The US deficit with China reportedly totaled $18.5bn in August – a 28% increase from last year’s rate.
High oil prices are also reported to have contributed to the deficit.
5/12
Bra Saves Woman's Life
A woman described in court of how her life was saved by her bra
when a stray bullet from a gunman hit her.
The accountant was caught in the crossfire when rival gangs clashed in the street after the Urban Music Awards.
She was running for safety as they exchanged fire when she was hit.
The 24-year-old escaped almost certain death when the bullet hit the underwire of her bra and was deflected away from the middle
of her chest and through her right breast.
She collapsed with blood pouring from the wound and, with her bra snapped, could see the hole in her breast.
She was taken to hospital where she spent three days.
She had to take three weeks off work but is now fully recovered.
3/12
Wacoal Axes Up to 300 Jobs
Women’s underwear maker Wacoal Holdings Corp says it is
axing 10% of its workforce as part of a reshuffle of the business.
Wacoal will provide a voluntary retirement program for up to 300
workers and is targeting employers aged 50 and over.
The company says it will provide regular retirement allowance as well as severance money to those who take part in the scheme. It
will also supply reemployment aid via recruitment brokers.
The cost of the scheme, which is aimed at slashing labor expenses
and streamlining the business, is predicted to total JPY5.8 billion.
Costs will be booked in the financial year ending March 2006.
Wacoal is Japan's top lingerie maker, and also produces nightwear, outer apparel and sportswear. The company became a
holding company recently in a push to improve execution of acquisitions and mergers
and help it carry out its restructuring process.
3/12
PETA Has Found A
New Target
Animal rights campaign group PETA is staging ‘die-ins’ outside
stores operated by clothing retailer J Crew in protest against its use of fur.
Some PETA members have been lying naked in piles outside stores, covered in fake blood, to depict the plight of animals
skinned alive for their fur. Other participants have been carrying posters reading
‘J Crew’s Fur Has a Face’.
PETA arranged the protests after it learned that the clothing retailer is still selling items made with the skins of foxes,
rabbits, coyotes, and minks after previously pledging to PETA that it would not sell fur.
The animal rights group wants J Crew to join retailers such as H&M and Gap Inc in banning fur from its shelves.
24/24
Goody's Starts New
Negotiations
Regional department store retailer Goody’s has started new
negotiations over a takeover of the company after receiving a bid rivaling
that previously made by Sun Capital Partners.
The new $8.50-a-share bid, made by GMM Capital, values Goody’s at about $280 million, beating the offer from Sun Capital for $8 a share.
Goody’s has faced challenges over the acceptance of Sun Capital’s offer from analysts who say the deal is low priced, while
two shareholder lawsuits have been filed which challenge the deal.
A second interested party, Prentice Capital Management, also submitted a takeover offer while Good’s was in exclusive talks
with Sun Capital.
The retailer will start a discussion and due diligence period up to a maximum of ten days to decide whether the offer by GMM should be taken up.
Goody’s sells mid-priced family apparel in 368 stores across the US.
10/15/05
ITA Awards $397,000
Grant
The US Department of Commerce’s International Trade
Administration (ITA) has awarded a grant of $397,000 to the Hosiery Technology
Center to enable HTC to introduce US hosiery producers to Japan as well as to other emerging countries’
retail markets.
HTC enables US hosiery firms to compete in the global marketplace through a broad range of training programs, R&D,
testing, and new product development.
As part of the overall initiative, HTC plans to organize marketing campaigns and trade missions to Japan, Singapore, Eastern
Europe and Scandinavian countries.
HTC will also assist US hosiery firms with key exporting services such as translation, product repackaging and the development of
effective e-commerce methods.
HTC will also develop innovative hosiery products for international markets, and confirm product quality through testing and
certification.
The funds and technical assistance are made available to HTC through the Commerce Department’s Market Development
Cooperator Program, a public-private partnership developed to help small and medium-sized
US firms expand exports that support jobs.
The Hosiery Association, founded in 1905, is the only national trade association representing the manufacturers of more than 85% of the hosiery produced in America.
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12/24
New Jersey Motor Vehicle
Handbook
New Regulations in the New Jersey Registry of Motor Vehicle's 2005
Handbook:
1. Turn signals will give away your next move. A confident New Jersey driver avoids using them.
2. Under no circumstance should you maintain a safe distance between you and the car in front of you, because the space will be filled in by someone else, putting you in an even more dangerous situation.
3. The faster you drive through a red light, the less chance you have of getting hit.
4. WARNING! Never come to a complete stop at a stop sign. No one expects it and it will result in your being rear-ended.
5. Never get in the way of an older car that needs extensive bodywork, especially with PA, NY or Del plates. With no
insurance, the other operator probably has nothing to lose. 
6. Braking is to be done as hard and late as possible to ensure that
your ABS kicks in, giving a vigorous foot massage as the brake pedal violently pulsates. For those of you without ABS, it's a
chance to strengthen your leg muscles.
7. Never pass on the left when you can pass on the right. It's a good way to prepare other drivers entering the highway.
8. Speed limits are arbitrary figures; given only as a suggestion and are not enforceable in New Jersey during rush hour.
9. Just because you're in the left lane and have no room to speed up or move over doesn't mean that a New York driver flashing his high
beams behind you can go faster in your spot.
10. Always brake and rubberneck when you see an accident or even someone changing a tire. This is seen as a sign of respect for the victim.
11. Learn to swerve abruptly without signaling. New Jersey is the home of high-speed slalom-driving thanks to the Department of
Public Works, which puts potholes in key locations to test drivers' reflexes and keep them
alert.
12. It is the tradition in New Jersey to honk your horn at cars in
front of you that do not move three milliseconds after the light turns green.
13. To avoid injury in the event of a collision or rollover, it is
important you exit your vehicle through the windshield right away.
Wearing your seat-belt will only impede your hi-velocity escape from danger.
14. Remember that the goal of every New Jersey driver is to get ahead of the pack by whatever means necessary.
15. In New Jersey, 'flipping the bird' is considered a polite salute. This gesture should always be returned.
End of page 4
 
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