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Articles Of Interest

Intimate Brands Down 13%
Page 1

Briefer Bikini's
 in 2002
Page 1

Nordstrom cuts force
Page 1

Retailers wave SALE flag
Page 1

Neiman's Sinks
Page1

Lane Bryant go's 3-D
Page 1

Teenage Dress code
Page 2

McPeteSez Mailbag
Page 2

Stella McCartney Debuts
Page 2

Great Buns
Page 2

Crab-based Fibre
Page 3

Silk Like Yarn
Page 3

French Mad at 
Bennetton
Page 3

Wal-Mart 
Expands 
Page 4

U.S. Textile in Freefall
Page 4

Trade Shows
For Oct.-Dec. 2001
Page 5






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October 15,  2001                                   Issue #59

     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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Our thoughts and prayers are with those lost in the tragic 
      events of September 11th and their loved ones.

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      Intimate Brands Reports 
    September Sales off  13%

COLUMBUS, Ohio, -- Intimate Brands, Inc.  reported a comparable store sales decrease of 13% for the five weeks ended October 6, 2001 compared to the five weeks ended October 7, 2000. Net sales were $316.2 million, compared to sales of $345.2 million for the five-week period ended September 30, 2000.
The Company stated that the tragic events of September 11th resulted in a significant decline in sales due to store closures nationwide at various times and reduced customer traffic. The sales shortfall from these events will negatively impact third quarter earnings, which will be reported on November 20, 2001, by approximately $.02 per share. September sales excluding the week of September 11th were essentially in line with expectations.
Intimate Brands, Inc. is the leading specialty retailer of intimate apparel, beauty and personal care products through the Victoria's Secret and Bath & Body Works brands.

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:Briefer bikinis set the mood for summer 2002
For in the new season's swimwear ranges, erotic, and fashion emphasis switches to the garment rear. It is a trend that reaches its ultimate in Rago of New York's move to bring back the bustle in modern form. Rago offers a control panty in which foam pads placed over the buttocks help to recreate the pert bottom silhouette of the wearer's youth for the older woman.
All silk
Meanwhile houses like Aubade, which is active in both the lingerie and the swimwear market, go for low plunging back décolleté garments held in place by complex networks of straps, which in themselves add back interest. Back strapping also features in ranges such as the Italian-made, all silk lingerie range now being marketed by the London-based Damaris group.
In ranges for summer 2002 the line between lingerie and beachwear is becoming ever more blurred. In lingerie, the back lacing corset makes a return in collections such as that shown by Berlin-based Cris-Cris. In its present form, however, the corset is not so much a control garment as a "fun" fashion accessory.
Knicker market
And echoing developments in beachwear, the tanga, the thong and the G-string are taking over the knicker market. For instance, in France these briefer garments now hold a 45 per cent share of total sales. Meanwhile, in the US the Victoria's Secrets retail chain alone claims to be moving thongs at the rate of 14 million units a year, with demand still steadily escalating
In swimwear, bikini bottoms have never been briefer - tiny triangles tied together at the sides with spaghetti thin straps, often in the same contrast colour as the binding that decorates the edge of the bra section.

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Ruthless Nordstrom Wields Job Axe
US-based retail clothing chain Nordstrom Inc has slashed its workforce by 3.6 per cent due to a sales slowdown, a company spokesperson announced today.
Following the September 11th attacks, Nordstrom, which has 126 outlets in 25 states, has responded to declining sales by laying off 1,600 employees. At the chain's headquarters, around 250 jobs were lost.
Prior to the layoffs, Nordstrom's employed around 45,000 people.
Nordstrom Inc said sales at its stores open at least a year fell 9.4 per cent in September from a year earlier, as business was hurt by the terrorist attacks on the US.
Nordstrom, along with other high-end retailers including Tiffany & Co, and Federated Department Stores Inc, the parent of Bloomingdale's and Macy's, has seen sales suffer as consumers cut back on purchases of non-essential items following the attacks on New York and Washington.


 
19/24

Galaries Lafayette To Bid For M&S Stores?
French retail chain Galeries Lafayette has made a bid for some or all of Marks & Spencer's 18 French stores. Details of the bid are currently unknown.
Co-chief executive Phillipe Houze said that he couldn't comment on how many stores had been bid for, bid price, or terms. However, it is known that M&S wishes to sell the stores to a single buyer, as the best chance of guaranteeing employment for the 1,700 strong staff.
M&S had declared its intention of selling the French stores earlier this year, as part of their cost cutting strategy following a huge profits slump. However, the company was not allowed to go ahead with the closures, following a decision by the French courts. This was due to M&S's failure to consult employees on the move.

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Kmart Posts Slight Fall In Sales
US-based retail giant Kmart has revealed its same-store sales for September were flat but that it was satisfied with the results in view of the recent terrorist attacks which had impacted hard on the economy.
Total sales fell 1.8 per cent to $2.98billion from $3.04bn a year ago, which met with the lower end of the company's expectations

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Retailers wave the sale flag
In a grim retail environment, retailers are doing what they can to bring in shoppers -- and that means markdowns, reports the Los Angeles Times. Federated Department Stores said its chains will be extending existing sales and launching new ones; Nordstrom has introduced a special 10-day fall sale to try to draw in customers. And analysts say the bargains are likely to continue; even stores that are trying to hold the line on prices will eventually have to unload fall inventory. "Smart retailers are being more aggressive with markdowns," analyst Jennifer Black of Wells Fargo Van Kasper tells the paper. "There are retailers out there that aren't doing this, and they're going to wish they would have ... [If] their holiday goods come in while their
fall goods are still sitting there, the markdowns are going to be even steeper." 
The guilt of shopping 
While retailers struggle, some of New York's fashion faithful are finding that new clothes still bring too much guilt. A $500 dress has gone from being a bit of a splurge to an object of embarrassment: "My Tracy Feith dress could have fed a fireman's family for a month," one shopper tells the New York Observer. "And I can't forgive myself." While department stores Bergdorf Goodman and Saks Fifth Avenue have cut back fall orders, some shops are using charity benefits and other special events to bring in shoppers: Diane von Furstenberg staged a one-day sample sale to benefit the Children's Aid Society's Sept. 11 fund; Nicole Miller organized the Pump Up Prince
Street block party on Saturday. Nonetheless, some observers think that it's going to take a while for New Yorkers to feel good about shopping again. "Before, talking about shopping was a
way to bond," explains Glamour editor Alexandra Marshall. "Now there are more genuine ways of  bonding." 
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     Neiman Marcus Sinks!!
Neiman Marcus Group, owner of Neiman Marcus stores and Bergdorf Goodman, has announced that like so many others retailers, particularly those in the luxury sector, its September sales were way off the mark.
The company said that in the five weeks ended September 29, its total revenue fell to $248.6 million from $306.4 million in the same period a year ago. The decline was 21 percent at its stores, and was most significant at Bergdorf Goodman. The Manhattan-based retailer accounted for about 10 percent of the company's total sales last year.
Neiman Marcus Group is also planning for lower earnings this quarter, which ends on October 27. President and CEO Burton M. Tansky said in September that the company was estimating first-quarter earnings of 70 to 80 cents a share. Wall Street is now forecasting about 61 cents per share.



  Lane Bryant Offers 3D Boost To 
            Online Customers
Plus-size retailer Lane Bryant has teamed with My Virtual Model Inc to introduce a new feature on its website that allows customers to create a 3D model of themselves, "try on" more than 3,000 different outfits and view these from a range of angles.
3D-ME@LB, as the new feature is called, is the first to use My Virtual Model's new E3 life-like 3D-model technology.
"Our customers love being able to try out several outfits online before they go to the store to buy." Says Chris Hansen, executive vice-president of marketing for Lane Bryant. "It's a time saver, it helps women define which styles look best on their body, and it's fun!"


Thai Muslim women sit at a bus stop in front of a lingerie advertisement during a protest against the U.S.-led airstrikes in Afghanistan outside the American embassy in Bangkok Wednesday, Oct. 10, 2001. About 300 activists took part in the two-hour peaceful protest. 

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