La Perla, the
Italian manufacturer of luxury lingerie, signed a net lease that gives it
control of a 10,000-square-foot building at 803 Madison Ave. The
1914-vintage property is located between East 67th and East 68th streets.
Its current tenant, fashion designer Moschino, is giving up the space.
Judson Realty served as the broker in the $15 million lease deal.
Thousands set to attend bikini event
Fashion experts are flocking to the second Intimate London Body & Beach show at London's Olympia.
The three-day event is expected to draw thousands of bikini and lingerie buyers.
Models Ruthie Harris wearing lingerie by Janet Rager, Kelly Burgess wearing swimwear by Raisins, Claire Roberts wearing lingerie by Magherita Mazzei and Rachel Littlejohns wearing swimwear by La Perla, have kicked off the event by posing for photographers.
Spiegel Axes 640 Jobs Under Restructuring Plan
Troubled retailer The Spiegel Group Inc on Thursday revealed plans to axe 640 jobs with the closure of a distribution centre and a customer contract centre as it looks to restructure is operations under Chapter 11.
The Illinois-based firm, which owns the Eddie Bauer chain, said it will shut its Newport News, Virginia, distribution centre that employs about 400 people and a Rapid City, South Dakota, customer contact centre which has 240 staff.
It also intends to switch its distribution fulfillment services operations in Columbus, Ohio, into its Groveport, Ohio, facility, with the loss of around 40 employees when the consolidation is completed in September.
A lingerie-like suit is worn by this model, part of Italian designer
Renato Balestra High Fashion collection for Fall - Winter 2003-04
presented on Rome's 'Dolce Vita' street Via Veneto, Thursday July 17, 2003
Mizuno Develops "Stress-Reducing" Swimwear
Japanese sportswear firm Mizuno Corp on Tuesday said it had developed a line of women's swimwear which releases negative ions through natural mineral ores weaved into the
Alexandra Marques Swimwear To Hit US Market
Alexandra Marques Swimwear on Thursday revealed plans to launch its self-titled brand in the US as it looks to grab a slice of the $1.8 billion market.
The firm, part of the Mirabella Group, said the new line will be aimed at US specialty boutiques, upscale department stores and swimwear boutiques in Miami, New York and Los Angeles as well as luxury hotels and cruise lines in the US and the Caribbean.
The range is aimed at women aged 18 to 39 and will feature 90 pieces of women's swimwear as well as designer beach towels, pareos, beach robes and a limited collection of designer swimwear for girls aged one to three.
Private Label Apparel Sales Up In A Down Market
Sales of private label clothing have bucked the slowdown seen in the overall apparel market according to market information company The NPD Group Inc.
It says that while overall apparel sales have been down for the last four years, private label increased by five per cent over the same period.
A key reason for this growth is that retailers are now using private branding, such as Mossimo at Target and Jaclyn Smith at Kmart, to increase sales of their private label merchandise.
“The industry is putting a new face on private label and that face is private brand,” said Marshal Cohen, senior industry analyst, The NPD Group.
“The biggest difference between private label and private brand is that private brand offers the ability to establish a personality behind the product, to give the consumer the ability to be more loyal and aware of the exclusivity factor.
”JC Penney is an example of a retailer that has done a great job for many years in developing ‘Arizona’ into a brand that consumers believe has its own product integrity and identity.”
Private label and private brand merchandise represent 36 per cent of the total apparel market, taking in almost $60 billion in the 12 months ending April 2003. National brands represent 34 per cent of the apparel market and designer brands account for 7 per cent.
Debenhams Same-Store Sales Up 3.8% In Early 2003
Leading department store chain Debenhams on Tuesday revealed it was off to a strong start of the current fiscal year as it was boosted by strong sales of women's fashions and improved margins.
The London-based operator of 102 stores, which is set to be at the centre of a billion-pound bidding war, said same-store sales in the 20 weeks to July 19 jumped 3.8 per cent with gross profit margins up 0.6 percentage points.
The country's second-largest department store chain said total sales for the period climbed 7.8 per cent year-on-year as shoppers snapped up its women's clothing lines, especially its young fashion brands
Gadzooks Signs Exclusive Dollhouse Swimwear Deal
Teen fashion-oriented clothing chain Gadzooks Inc on Wednesday said it had entered into an exclusive swimwear and watch license agreement with Dollhouse.
Reigning Miss World 2002 Azra Akin, from Turkey, parades with Miss China 2002, Wu Yingna, right, and Miss China 2001, Li Bing, left, during a fashion show to promote the Miss World Contest, in Beijing Wednesday, July 23, 2003. Organizers announced that the Miss World Contest would go ahead on China's southern Hainan Island in December, following the country's declared victory over the SARS virus.
The SARS outbreak had caused numerous events in China to be canceled, but organizers said China is now ready to host major events again.
Harriet & Henderson Yarns Files For Chapter 11
Leading supplier of cotton open-end spun yarns, Harriet & Henderson Yarns, has axed another one of its plants with the loss of 125 jobs and filed for Chapter 11 bankruptcy protection amid tough trading conditions.
The North Carolina-based company, which makes yarns for knitted and woven apparel makers as well as the athletic hosiery market, blamed fierce competition from cheaper overseas rivals for its woes.
Clothing Sales Sizzle In June Heatwave
Strong demand for summer clothing and footwear amid a tropical heatwave helped boost UK retail sales 1.9 per cent last month, official data revealed Friday.
Figures released by the Office for National Statistics (ONS) showed the spell of hot weather led to sizzling sales on the high street with clothing sales up 2.2 per cent as shoppers snapped up items such as flip-flops, hats, swimwear and T-shirts.
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Lord & Taylor to Shut Stores and Cut Jobs
Trying to recapture its aura as department store for the Junior League
set, Lord & Taylor is closing 32 stores, more than one-third of its total nationally, and laying off 3,700 employees. Lord & Taylor, owned by the giant May Department Stores chain, is abandoning whole states — like Florida and Texas — after becoming mired in a losing competition with lower-priced stores like J. C. Penney and Kohl's.
For the past two years, Lord & Taylor has been working to change its most recent image as a shopping-mall retailer with goods constantly on sale.
Even in the malls, the branches have upgraded both the clothes and the selling space, and invited the customers back by staging events in the spirit of the elegant old department stores. The stores, many with characteristic pink marble floors and elegant crystal lamps on the counters, have been instructed to hold art shows and wine tastings.
But the strategy did not work in certain stores, said Sharon Bateman, a spokeswoman for the May Company. "The stores we are divesting are not achieving a satisfactory level of performance."
Lord & Taylor will return to its roots, Ms. Bateman continued, describing them as "the Northeast, stretching in an arc to Detroit, Chicago and St. Louis." Those "core market" stores "are really supporting Lord & Taylor's repositioning to become an upscale fashion retailer," she said.
A blonde, a brunette, and a redhead all work at the same office for a female boss who always goes home early.
"Hey, girls," says the brunette, "let's go home early tomorrow. She'll never know."
So the next day, they all leave right after the boss does. The brunette gets some extra gardening done, the redhead goes to a bar, and the blonde goes home to find her husband having sex with the female boss! She quietly sneaks out of the house and returns at her normal time.
"That was fun," says the brunette. "We should do it again sometime."
"No way," says the blonde. "I almost got caught."
Blaming China - we've seen it all before
2003 was a bad year for the US textiles industry – with domestic production hit by a 63 per cent increase in imports from China. The US textiles industry says the blame lies with China for producing cheaply and in volume. But all China is guilty of is accepting more orders from American retailers and fulfilling them at a good price and on time.
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