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Factories Busy
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Retail Up
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Fetish is out
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Drexler Quits
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Parents Steamed Up
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McPete Sez Mailbag
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Abercrombies Thongs
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Oprah Undie Cover's
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Billboard Stops Traffic
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Ask Andy
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P.J.'s Out of Bed
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The G-String Caper
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Madonna up for Grabs
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Woman's Wear Shows
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  June 1,  2002                                 Issue #74



       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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    Sara Lee Sees Revenue Sliding 
Pulled down by declines at its hosiery operations, Sara Lee Corp., expects fiscal 2003 revenue for its intimates and underwear operations to fall 1 percent.
The revenue decline masks a higher, sustainable growth rate of 3 percent at its combined "core" businesses, which include intimates, underwear and socks, said Carey McMillan, chief executive of Sara Lee Branded Apparel, in a presentation late Tuesday to analysts gathered at the division's Winston-Salem, N.C., headquarters

               
U.S. Factories Busier, 
           Retail Prices Rise in April 

WASHINGTON - U.S. factories were busier in April and consumer prices posted their sharpest rise in nearly a year, a sign the slack that hit the economy after Sept. 11 was lifting as the recovery gains traction. 
The Federal Reserve (news - web sites) said on Wednesday U.S. industrial production rose 0.4 percent in April, a fourth straight monthly gain that partly reflected a pickup in auto production. 
Separately, the Labor Department (news - web sites) reported that consumer prices increased a sharp 0.5 percent in April, the biggest gain since a matching rise in May of last year. 
A hefty 10 percent rise in gasoline costs helped push the consumer price index (news - web sites) up, but even excluding volatile food and energy prices, the CPI advanced 0.3 percent. 

         
A model wears lingerie from Australian supermodel Elle Macpherson's Intimates Summer 2002 collection at a Sydney resturant in Sydney May 10, 2002. The show which features corsets and torsolettes was timed to coincide with the end of Australiam Fashion week, which ran from May 6-10

Retail sales up 1.7 percent in April 
LONDON - British retail sales surged in April as consumers splashed out on new clothing, according to government figures published Thursday.
Retail sales were up 1.7 percent compared with March, and 6.9 percent higher than in April 2001, the Office for National Statistics said.
The monthly growth was four times higher than analysts' expectations and the largest jump since January 2000, when sales volumes rose by 1.9 percent.



34/48
Fetish Fashion Comes Out Of Closet
Fetish fashion was once reserved for kinky fringe groups and kept hidden away from public view. Now it is breaking into the mainstream. 
NewsChannel5's Joe Pagonakis reported on why leather and latex is no longer just for a naughty night out. 
People are attending fetish fashion shows in Cleveland. The shows display underground clothing that is catching the eye of some conservatives.  "Very little clothing. In leather or rubber or plastic, all kinds of things in there," one woman said. 
A growing number of people are apparently trying to make a statement with their clothing. The fashions are generally considered on the edge. 
"I think it's mainly having fun. I have this little theory. If you don't have fun getting dressed in the morning, you shouldn't get dressed at all," Kristen Strakusek said. 
Proof of the growing fetish fashion scene can be found in growing sales at stores like The Mission in Lakewood. The cash register is also rocking at Chain Link Addiction down the street. 
"We carry a lot of stuff that you can't find in a big department store," an employee said. 
Chain Link Addiction has been in business for 13 years, and has watched the fetish fashion scene broaden to a larger clientele. 
Customers like Sheila Unrein spend $1,000 a year at Chain Link Addiction.   "I think it's fun. And maybe I think what your wearing is weird," Unrein said. 
These types of fashions are becoming so popular they are being sold at a national chain called Hot Topic. The retailer is located at a number of northeast Ohio shopping malls, including Great Northern Mall. 

Wal-Mart Stores, Inc., Bentonville, AR  reported Q1 total sales were $54.960 billion, up 14.4% And announced plans to open Supercenters in CA. The Supercenter stores combine full grocery lines and general merchandise under one roof. Wal-Mart, who currently operates 125 standard Wal-Mart stores in the state, intends to open at least 40 of the Supercenters in the next 4 - 6 years.

                                 
(Meanwhile)
Kmart Loses Another $1.02 Billion In April
 

1/2

J. C. Penney Company, Inc.  Q1 operating earnings rose to $0.29 per share vs $0.11 per share. The company's department stores had a comp store sales increase of 7.9%.

Federated Department Stores, Inc., Cincinnati, OH.  Q1 comp store sales dropped 2.9%.

Nordstrom, Inc., Seattle, WA.  Q1 net sales rose 2.3% to $1.25 billion vs $1.22 billion while comp stores sales dropped 2.1%.

China's fledgling lingerie and underwear industry is expected to enjoy annual growth of 20 per cent for at least the next decade, industry experts and analysts said on Tuesday. Underwear sales are expected to top $10.9 billion this year - up from $6bn in 2001 - as the subject becomes less of a taboo and more and more manufacturers rush to cash in on the rapidly-growing market.



10/24       
                       Want a Job?
Gap is shopping for a new chief. Yesterday, Millard "Mickey" Drexler, the man who brought the company to icon status and then, by many accounts, brought it to its knees with poor merchandising decisions, announced his retirement. Drexler said he will step down as president and chief executive officer of Gap Inc. as soon as a replacement is named.
While the  retailer has endured an abysmal slump, including 24 consecutive months of same-store sales declines, Drexler's announcement surprised many. Recent merchandising and marketing efforts to take the company back to basics have shown promise for putting the ailing Gap back on track. Drexler's unanticipated departure puts that possibility into question. 
Troubled clothing retail giant Gap Inc saw its woes continue as it posted a steep 68 per cent slide in first quarter earnings to $37 million from $115m in the year-ago period.
The San Francisco-based operator of 4,228 stores said sales fell nine per cent to $2.9 billion as they were hit by 18 per cent lower inventory and heavier markdowns.

In New York, conventions, trade shows and celebrations steer clear of Sept. 11 week 
NEW YORK - The sprawling Jacob K. Javits Convention Center will be all but empty. The banquet rooms at the Waldorf-Astoria hotel won't echo with the usual dinner and speech-making din. And tents for the city's fall fashion shows probably will go up later than normal.
Event calendars are wide open the week of Sept. 11 in New York, as planners have postponed or moved conventions, celebrations and trade shows in deference to the one-year anniversary of the terror attacks against the United States.

Lingerie Shops Accused Of Hosting Adult Activity To Close.          (
Indianapolis Star)
Two lingerie stores that allegedly offered nude modeling and other adult entertainment activities will permanently close as part of a settlement between the owner and the city, the mayor's office announced Wednesday.
The city said Lynn's Lingerie, located in Irvington, and Lynn's Lingerie West, located near 30th Street and Lafayette Road, will close Friday.
The stores' owner, Lynn Williams, also admits to zoning and licensing violations and will pay a $2,500 fine, the city said.City Prosecutor Teri Kendrick filed a lawsuit against Williams in January, claiming that an undercover police investigation determined the stores were being run as unlicensed adult entertainment businesses.
Adult entertainment businesses must be licensed by the city controller and cannot be located within 500 feet of a church, school, park, historic preservation or dwelling district. Neither Lynn's store has a city license, and both are within 500 feet of a dwelling district, the city said.
A judge was to consider the case Feb. 13, but the hearing was continued until May. A settlement was reached this week.




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