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Warnaco signs J-Lo deal
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GDP UP 8.2%
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Victoria's Secrets show
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Quotas on China Lingerie
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  December 1, 2003                                      Issue #110


16/25
     Mcpete -Sez, 
    
The Lingerie Newsletter 
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       Women's Wear Journal

         
                 

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   Warnaco Signs Jennifer Lopez Lingerie Deal  
The Warnaco Group Inc has signed an exclusive worldwide licensing agreement to produce the new collection of JLO By Jennifer Lopez lingerie.
The intimate apparel range, set for launch in the second half of 2004, will be produced under licence to Sweetface Fashion Company, the joint partnership of Jennifer Lopez, Andy Hilfiger and Joe Lamastra.
"As the JLO By Jennifer Lopez brand continues to expand, we are very excited to have partnered with Warnaco for the introduction of lingerie to our product offering," Sweetface president and CEO Denise Seegal said.
"Our goal as a lifestyle brand is to dress our consumers from head-to-toe with products inspired by Jennifer, and lingerie will be an integral part of the JLO look."
Warnaco president and CEO Joe Gromek said the company would bring its "expertise in intimates" to the partnership.
The JLO By Jennifer Lopez lingerie collection, to be initially sold in US department stores with a view to global expansion, will include bras, underwear, shapewear, sleepwear and loungewear.


20/25
                
     
U.S. 3rd-Qtr GDP Grew at 8.2% Rate, 
                     Fastest Since '84
 

 The U.S. economy grew at an 8.2 percent annual rate in the third quarter, faster than the government initially estimated as companies boosted inventories in September to meet the surge in demand. 
The nation's gross domestic product, the value of all goods and services produced, grew from July through September at the fastest pace since the first three months of 1984, when Ronald Reagan was president. The Commerce Department previously reported a 7.2 percent third-quarter growth rate, following a 3.3 percent pace in the second quarter. 
``Growth is now super-super strong compared to super strong,'' said Joseph LaVorgna, senior U.S. economist at Deutsche Bank Securities, whose forecast of 8.3 percent was the highest in a Bloomberg News survey. 
Consumer spending increased at a 6.4 percent annual rate last quarter, the fastest pace in six years, and retailers such as Williams-Sonoma Inc. restocked shelves to help satisfy anticipated sales. A measure of profit widened to a record $739.7 billion, giving companies confidence to increase spending.
The percentage of consumers saying that jobs were hard to get fell to 29.5 percent in November from 33.7 percent the previous month. Consumers' view of the future grew rosier, lifting the expectations component of the index to 99.4 in Nov. from 91.5. The present situation index rose to 80.1 from 67.0.

      Victoria’s Secrets.. ( the Show)
Victoria Secret’s catwalk extravaganza, which aired on CBS, is getting more interactive. Fans of the lingerie label can now order looks from the star-studded show directly from the official VS website. 
The Nov. 13 in New York’s Lexington Avenue Armory featured many of the world’s loveliest women sizzling down a faux diamond runway in a show that began and ended with a sultry high-wire angel descending from the heavens onto the catwalk. 
Adriana Lima opened the fashion moment in an embroidered molded bustier with enormous plastic wings, followed by Giselle Bundchen in a Merry Widow. 
Now can order everything from a $60 sequin balconet to the Very Sexy Fantasy Bra worn by Hedi Klum - if you have the cash. The Mouawad designed bra studded with some 2,000 diamonds costs a pretty $11 million. 
Before an audience of Pharell Williams, Puff Daddy, Chris Noth, Donald Trump and Denzel Washington, Sting opened the action minutes before with his classic “An Englishman in New York,” before singing a great duet with Mary J. Blige of “Whenever I Say Your Name.”


   Bras and Pants - In the UK 2003
Consumers, inspired by celebrity style, are buying more bras and pants and showing a tendency to trade up. Major retailers, especially Marks & Spencer, have improved their segmentation of bras and pants with more premium ranges under sub-brands, adding to the overall choice for consumers. At the same time prices are dropping. This is due to cheaper imports, especially influenced by bras and pants coming in from Eastern Europe and the Far East. This has helped the discounters to serve an even wider range of bras and pants at low prices.
These two factors have both been influential in helping to stimulate demand. Bras and pants have become a self-treat item for many women and are even a gift item at certain times of year. The branded houses have all worked hard at improving their styling, bringing in new fabrics, new construction techniques (especially for bras) and plenty of fashionable ideas. 
“this market will continue to grow as women become more fashion-conscious about their underwear and expand their underwear wardrobes.“

  Whatever women do they must do twice as well as men to be thought half as good. Luckily, this is not difficult. 
(Charlotte Whitton)


24/25  
           Maternity wear market 
Research shows estimates of $1.2 billion in U.S. sales alone last year. It definitely offers profit potential, particularly because so few companies are servicing its consumers. Target signed on former Vogue editor and top maternity designer Liz Lange to create an exclusive line for the retailer. Nike also signed her to create its line of maternity workout wear. 
Both Gap and Old Navy are creating lines for new mothers to be, a move that will increase its positioning as a retailer for everyone in your family.

Last week I stated this woman was the ugliest woman I had ever seen. I have since been visited by her sister and now wish to withdraw that statement. (Mark Twain)


6/12    
   
 U.S. sets quotas for Chinese lingerie
The Bush administration announced quotas on Chinese-made lingerie Tuesday, sparking protectionist fears in currency markets even as U.S. officials fought to salvage an Americas free-trade deal. 
The temporary quotas follow complaints by the U.S. apparel industry that a surge in imports from China is a main culprit behind 316,000 job losses. 
The quotas, on bras, robes, dressing gowns and knit fabric, come as the administration wrestles with: Trade and currency tensions with China. William Lash, assistant Commerce secretary, said Tuesday that China has a poor record of observing global trade rules. He gave China "a gentleman's C to a D+" grade for its overall performance and "maybe an F" for failing to enforce copyright and trademark protections on movies, recordings and drugs.
(Photo)Models with the latest Chinese designed undergarments at a lingerie show in Beijing. China has strongly protested US plans to slap quotas on Chinese textile imports of dressing gowns and bras.
Manufacturers and lawmakers have swamped the White House with complaints about the Chinese yuan, which they blame for a flood of cheap imports that make it hard for U.S. products to compete. The administration has urged Beijing to revalue the yuan by loosening or removing its peg to the dollar. The Chinese have said they are studying the idea.   The quotas and Lash's criticism fueled fear that trade friction could undercut the U.S. recovery. The dollar dipped to a record low against the euro.             
However rhetoric has increased this week. Wednesday, a day after the U.S. slapped quotas on Chinese-made lingerie, China unexpectedly put on hold buying trips it had planned to the USA.
                                    
                    

       
   
 
8/12      Click on our ad above to visit us
    
Charming Shoppes Turns Profit For Q3 
Clothing retailer Charming Shoppes has posted third quarter profit of $2.2 million, after a loss of $292,000 in the same period last year.
The Pennsylvania-based company, which operates 2257 stores across the United States, attributed the upturn to improved profit margins and better-than-expected cost reductions.

Gap, Inc. reported a major coo today as earnings jumped 94% to $263 million for the quarter ending November 1, 2003 over the same period last year. Shareholders enjoyed $0.28 earnings per share compared with $0.15 last year.

           
UK: Retailers Optimistic
    Of Christmas Feel-Good Factor

 
 BENTONVILLE, Ark. —
Wal-Mart Stores Inc. said Saturday it hit a single-day company sales record during the traditional day-after-Thanksgiving shopping sprees, taking in more than $1.52 billion nationally.
Last year, Wal-Mart, the world's largest retailer, reported sales of $1.43 billion for the Friday after Thanksgiving.


    

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