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Articles Of Interest

Wachner Fired
Page 1

Victoria's Secrets T.V. Show
Page 1

The Virtual Dressing Room
Page 2

Body Scanning
Page 2

McPete Sez Mailbag
Page 2

Sara Lee cuts 1,000
Page2

Electronic Bra
Page 2

DestiNY USA Mall
Page3

Levi Fights the EU & wins
Page3

ABC gets some Heat
Page 3

Strip Tease for Trees
Page4

Caribbean Fashion Week
Page 4

Woman's Wear Shows
Page 5







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MBG22503701073

   December 1,  2001                                 Issue #62



       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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    Will Lingerie Save Retailers' Behinds?
"Intimate apparel in general, and Victoria's Secret specifically, could possibly outperform many other areas of retail," says Todd Slater, retail analyst at the New York office of financial advising firm Lazard. 
Lingerie's $3 billion-plus share of the retail sales category may be small, but while the holiday outlook for the retail sector as a whole is cautious, intimate apparel is set for strong holiday sales, projects Richard Jaffe, retail analyst at New York-based financial services company UBS Warburg.

  
After 15 Years, Warnaco Chief's Short
                Goodbye
Linda J. Wachner, once among the highest-paid, best-known businesswomen in the nation, was fired without severance as chief executive of the Warnaco Group.
Linda J. Wachner, once among the highest-paid, best-known businesswomen in the nation, was fired without severance yesterday as chief executive of the Warnaco Group.
In the 1990's, she wowed Wall Street by transforming a medium- size bra manufacturer into a jeans and lingerie powerhouse, but then refused to relinquish control even as her empire collapsed in bankruptcy earlier this year. When the board met to decide if she should stay, hers was the only yes vote.

                        
Ames Backs-Up
Ames Department Stores, Inc., Rocky Hill, CT stated it is closing 16 stores, beginning the liquidation process November 25.  The closures are part of the company's restructuring under bankruptcy protection. The store closings will affect approximately 1,000 employees. Ames is a regional, full-line discount retailer with 403 stores in the Northeast,
Mid-Atlantic and Mid-West. 

Victoria's Secret fashion show flaunts good
                             ratings

Sex still sells -- but not as well as crime, punishment and sitcoms.    The Victoria's Secret fashion show broadcast television debut attracted about 12.4 million viewers to watch some of the world's most celebrated and scantily clad supermodels on the runway, according to preliminary estimates released on Friday.
The show beat Fox's ``Temptation Island 2,'' which pulled in 5.4 million view but CBS's crime show ``C.S.I.'' drew 25.2 million viewers and NBC comedies ``Will & Grace'' and ``Just Shoot Me,'' delivered 15.5 million viewers, according to figures compiled by Nielsen's ratings service.
But an ABC spokesman said the Victoria's Secrets show, aired Thursday night in the time slot regularly occupied by ``Who Wants to Be a Millionaire,'' attracted 16 percent more viewers that ``Millionaire'' averages.
The show featured more than 20 models, wearing, or almost wearing, everything from plain underwear to fancy sequined corsets, thongs and six-foot wings as they showed off the retailer's latest and greatest lingerie fashions.
However the Limited, Intimate Brands still Post Losses
COLUMBUS, Ohio  Women's apparel retailer Limited Inc.
and its Intimate Brands Inc. lingerie retailing unit posted fiscal third-quarter losses on Tuesday as a pinched U.S. economy exacerbated a dismal market.




 22/24

Ladies, What Do You Wear To Feel Sexy?
Many viewers were glued to the TV watching Victoria's Secret "Sexiest Night on TV," but is lingerie truly what makes a woman feel sexy?
Face it! Most women can't wear the skimpy lingerie and look as good as the fashion show models do because the average woman doesn't have the long legs and the rock-hard abs.
Nevertheless, that doesn't mean that a woman with a pouch or a short woman can't be sexy.
According to womenlifestyles.com.  some women feel sexy in those good-fitting jeans or in high-heel shoes.
Others still believe it's more of an attitude.

                    Saks Cries the Blues
The impending holiday season doesn't look too merry for Saks Inc. The Birmingham, Alabama-based retailer has reported a third-quarter loss, compared to the small profit it posted in the same period last year.
The company's loss was $23.5 million for the quarter ended November 3. Last year, it had a profit of $1 million.
While Saks Inc. also operates moderately priced department stores like Younkers, Bergner's and Proffitt's, slumping sales at its famous Saks Fifth Avenue luxury chain are what has really impacted these results.

        Pakistan "Open for Business"
US Ambassador Declares Pakistan "Open for Business"
Visiting an apparel factory outside Lahore on Wednesday, US Ambassador Wendy Chamberlin urged American companies and consumers to buy Pakistani products, declaring Pakistan "open for business".
She made her comments following a tour of Highnoon Textiles Ltd, a company hit hard by a sharp drop in orders from US buyers since the terrorist attacks in the US and the start of military action in neighboring Afghanistan.
"Pakistan is open for business. It is a reliable partner. That is my message to American textile buyers,'' Chamberlin told reporters following the visit to the factory, whose customers include Levi, Chaps Ralph Lauren, Calvin Klein, Eddie Bauer and Gap.
"The patriotic thing to do if you're American is to buy Pakistani products because the stronger the partner we have here in Pakistan is a stronger partner against terrorism in Afghanistan."

        Charming not so Charming
Charming Shoppes Inc, the women's apparel chain, on Tuesday reported that third-quarter profits plunged 98 per cent due to sharply higher expenses and weaker consumer spending after the September 11 attacks and the faltering economy.
The Bensalem, Pennsylvania-based retailer also projected fourth-quarter profits would fall below current Wall Street forecasts.
Charming Shoppes, whose 2,500 stores include such chains as Catherine's, Added Dimensions, Lane Bryant and Fashion Bug Plus, said profits fell to $160,000, or breakeven per share, from $7.4m, or 7 cents, a year ago. Expenses rose 54.6 per cent to $543.5m

British retailer Marks & Spencer Plc sold US menswear chain Brooks Brothers Inc for $225 million cash on Friday, the last major step in a restructuring to focus on its core British business.
The sale, for a third of the price M&S paid in 1988, was made to privately held US specialty retailer Retail Brand Alliance Inc,

          Burlington Files for Bankruptcy 
Citing unfair trade practices and an influx of cheap imports, Burlington Industries Inc. filed for Chapter 11 bankruptcy protection on Thursday. The venerable fabric maker revealed in court papers that it has $60 million in cash but a debt load totaling $1.1 billion.

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