Stevensons Dyers to Close
Derbyshire textile dye company Stevensons Dyers is to shut its doors.
Stevensons, which is owned by Quantum Clothing, said the country's shrinking textile sector and increased running costs had led it to
More than 80 workers will lose their jobs, the report said.
Photographed by Russell
Fashion Show Continued on Page 3
Buyers' Best Sellers
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and email, stating your best seller, and who the manufacturer is.
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Outrage Over Ban On
The world's first ban on overly skin models at a top-level fashion show in Madrid has caused outrage among
modeling agencies and raised the prospect of restrictions at other venues.
Madrid's fashion week has turned away underweight models after protests that girls and young women were trying to copy their rail-thin looks and developing eating disorders.
Organizers say they want to project an image of beauty and health, rather than a waif-like, or heroin chic look.
But Cathy Gould, of New York's Elite modeling agency, said the fashion industry was being used as a scapegoat for illnesses like anorexia and bulimia.
"I think its outrageous, I understand they want to set this tone of healthy beautiful women, but what about discrimination against the model and what about the freedom of the designer," said Gould, Elite's North America director, adding that the move could harm careers of naturally "gazelle-like" models.
Madrid's regional government, which sponsors the show and imposed restrictions, said it did not blame designers and models for anorexia. It said the fashion industry had a responsibility to portray healthy body images.
"Fashion is a mirror and many teenagers imitate what they see on the catwalk," said regional official Concha Guerra.
The mayor of Milan, Italy, Letizia Moratti said she would seek a similar ban for her city's show unless it could find a solution to "sick" looking models.
Elegant Moments is
looking for sales reps nationwide. Complete line of leather,
costumes, hosiery and packaged lingerie.
Contact Gene at 570-489-9861 email@example.com
(A Man's Perspective)
I know I'm not going to understand women.
I'll never understand how you can take boiling hot wax, pour it onto your upper thigh, rip the hair out by the root,
and still be afraid of a spider.
Federated Sells Sites
Federated Department Stores Inc said that it sold four department stores to Target, coming closer to completing its strategy of divesting 80 duplicate locations stemming from its acquisition of May Department Stores last year.
With this agreement, Federated has announced buyers for 62 locations, leaving 18 more to be jettisoned. Recently Federated also announced deals to sell two major properties: the Filene's flagship in Boston to Vornado Realty Trust, and the Strawbridge's store in Philadelphia to Pennsylvania Real Estate Investment Trust.
Target will purchase two Macy's sites, in Coronado Center, Albuquerque, NM and Westminster Mall, Westminster CA; as well as a Robinsons-May in Glendale, CA and a
Strawbridge's in the Springfield Mall, Springfield PA. The deal reflects Target's growing efforts to become more of a player at malls.
Details of the agreement were not disclosed because the amount paid was not considered material to either party, though. Federated said proceeds from this transaction are included in the $400 million to $500 million after-tax total expected from the sale of duplicate stores nationwide, as previously announced.
Federated is moving rapidly in its assimilation of the bulk of the May doors it purchased. It is still seeking to sell its bridal group, which includes the David's Bridal chain. Aside from
divestitures, the merger also entails converting about 400 former May doors to Macy's.
On September 9, the 400 doors will all be called Macy's and the corporation will launch national advertising. Federated's sales in 2006 are expected to exceed $27 billion. By purchasing May, the company doubled in size, gained buying clout and moved into certain regions, such as the Midwest and Texas, where before it had a limited presence.
Along with selling units to Target, Federated has also sold 10 stores to Boscov's, but most of the divested units have been sold to developers, including Westfield Group, which bought 15, The Macerich Co. which took 11, and General Growth
Properties and Simon Property Group, which each took nine units.
Andy Weinstock has been in the fabric and textile business all his life, but professionally since 1969.
"I love what I do, selling fabrics around the globe. I've met lots of interesting, creative, dynamic
folks; some have become dear friends. I love to help new businesses find the things they need to become successful. It works for everyone."
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