McPete Sez Newsletter

                                









Advertisers
In This
Issue

Musotica 

Corset Creations

Sensual Mystique

Studio Time

Tia Lyn 
Lingerie


Interludes Lingerie


La Lame, Inc

Shirley of Hollywood

Coconut Grove


Tony Shoes

International Lingerie Shows

McPete Sales

Questfinder

Quick Commerce Credit Cards

Internetgazette

Styles Fashion

Articles Of Interest

Goody's To Emerge From Bankruptcy 
Page 1

Noyon in Administration
Page 1

Sri Lanka Applies for GSP+ Extension
Page 1

Lingerie Americas Fashion Show 
New York
Page 2


Intimate Graphics
Page 2

Ask Andy
Page 2

McPete Sez
Mailbag
Page 2

Tia Lyn Lingerie Fashion Show
Page 3


Ask Kevin
Page 3

Lingerie Americas 
Fashion Show Continued
Page 4

Woman Uses Bra to Save Man
Page 4


Lingerie Americas 
Fashion Show
Continued
Page 5

The Buzz
Page 5

Reps Corner
Page 5

Shows & Events
Page 5

We Accept all
Major Credit Cards for Advertising

Foreign Exchange Rates


International Size Charts

Put my Banner
on your Web-site,
Click here and Link it to
www.mcpetesez.com

The American Red Cross

  October 15, 2008                                           Issue #227
     The McPete Sez Lingerie Newsletter & Women's Wear Journal           

6/24
                   
                              Intimate Apparel

Sleepwear-Daywear-Foundations-Loungewear-Hosiery-
           Lingerie-Swimwear-Dancewear-Clubwear 
                              Ready-to-Wear
 
                            
        

Goody's To Emerge From
             Bankruptcy
Apparel retailer Goody’s Family Clothing Inc is expected to emerge from Chapter 11 bankruptcy protection, after a US bankruptcy court approved the company's reorganization plan.
Paul White, Goody's chief executive officer, said October 8,: "Our company has made great progress over the past few months...in particular, we have created a stronger and more nimble organization."
Goody's, which operates 287 stores, filed for bankruptcy on June 9, blaming slowing apparel sales.
As part of its reorganization plan, it is closing 69 stores.
It also secured a commitment for $210m in debtor-in-possession (DIP) financing to supplement its working capital and provide adequate liquidity while it works to clear its debts.

                
A model wears Spoylt during Lingerie Americas Fashion Show on August 4 at Cipriani in New York.
                       

2/24   

Noyon in Administration
Calais-based Noyon, which manufactures lace for lingerie and dresses, has gone into administration for an initial period of six months.
The French family firm, founded in 1919, put its difficulties down to a constant reduction in turnover - itself a result of the slide in consumer purchasing power in Europe and the US which has hit demand for textiles goods.
In the past few years, Noyon has implemented a series of restructuring programs in the light of fierce competition in Asia, reduced its workforce from 800 to 450 and transferred a good part of its production to Sri Lanka. 
Noyon made losses of EUR2.8m in 2007 on a turnover of EUR42m compared to losses of EUR1.4m on turnover of EUR53m in 2006.
As recently as four years ago, Noyon's turnover had totaled EUR70m.


23/24              Photographed by Lawrence O. Brown

Sri Lanka Applies for
    GSP+ Extension
Sri Lanka is due to submit its application for an extension of the GSP+ trade concession to the European Commission at the end of this month. But uncertainties about whether or not the scheme will be renewed are already affecting garment factories, with buyers seeking assurances that they will not have to pay new duties.
Sri Lanka's garment industry is the main beneficiary of the GSP+ (Generalized System of Preferences) unilateral trade concession which allows the country to export around 7,200 items to the European Union (EU), duty free. 
In particular, the scheme allows Sri Lankan garment manufacturers to remain cost competitive in European markets because of the zero duty export facility. 
But concerns over whether the GSP+ will be renewed are leading international buyers to ask garment factories to absorb the duty component partially or in total.
Given that the duties could be as high as 8% - 10% without the GSP+, local factories say absorbing the duties is not possible because higher manufacturing costs in Sri Lanka have already made profit margins "wafer thin". 
To cut costs, many garment factories have already upgraded technologies and moved into lean manufacturing. 
But if the GSP+ is not renewed at the end of the year, factories say they will have no choice but to cut down on workers and many smaller factories may even have to close down. 
Women from poor, rural backgrounds would be hit the hardest by the loss of the GSP+ because the island has no other jobs available to replace garment sector employment. 
Over 80% of the garment industry workforce is made up of young girls from rural areas. The loss of factory jobs therefore, could increase exploitation of women by forcing them to find unprotected, Middle Eastern 'house maid' jobs. 
A sudden termination of the GSP+ would also impact beyond the garment sector. 
"Originally, it was the garment factories that used the GSP+. But by now, a few other industries are also slowly starting to use it," said the secretary to the Ministry of Export Development and International Trade, Mr. S Ranugge. 
"This is because it takes some time for a country to build internal capacities to make use of a trade scheme." 
At this point, it is estimated that about 35% of the exports from Sri Lanka that use the GSP+ are non-garment exports. 
Add their workers to the 270,000 people employed directly by the garment sector, as well as its indirect employees, and the number of people dependent on GSP+ is considerable. 
The footwear industry and exporters of agricultural produce are some of these new users of the GSP+. They point out that their exports directly benefit factory workers and rural farming families. 
The three-year GSP+ scheme finishes at the end of 2008, and Sri Lanka has until October 31, to re-apply and re-qualify for another three-year term to run from 2009 - 2011. 
The EC is expected to announce its decision on whether or not this application has been successful, on December 15. 
GSP+ status is awarded to countries that have ratified 27 international conventions on environmental standards, labor rights and human rights. 
But now Sri Lanka - and the GSP+ - is in the line of fire over allegations of human rights violations. 
The government maintains that it is doing all it can to safeguard human rights while fighting a war against the LTTE (Liberation Tigers of Tamil Eelam) terrorists in the north of the country. 
However, reports of disappearances, abductions, intimidation of media and allegations of corruption in government are pointing to poor governance - apart from the casualties of war. 
These reports have raised strong concerns that the EU may not extend the GSP+ for Sri Lanka. 
The EU has already banned the LTTE as a terrorist organization and awarded the GSP+ to Sri Lanka in mid-2005 to help its economic development. 
Removing it suddenly, say industrialists, will hurt the island's most vulnerable populations - not corrupt politicians. 



     Moisturizing Undies
A new line of underwear which incorporates a hi-tech moisturizing ingredient into its fabric is being test-marketed. 
The unnamed product line of intimate apparel, currently being test-marketed by a global company, uses Applied DNA Sciences' (APDN) proprietary DermalRx HydroSeal ingredient. 
Part of APDN's BioActive Ingredients portfolio, DermalRx HydroSeal uses "structural moisturization" to treat dry skin, based on the biofermentation expertise developed from the company's SigNature DNA and BioMaterial Genotyping. 
"Topical delivery systems enhance the performance of active ingredients on the skin," said Dr James Hayward, CEO of APDN. 
"All garments contact the skin. What better way to deploy a skin treatment than through a textile?" 
APDN said DermalRx HydroSeal, a complex of a yeast ferment, soy proteins and soy peptides, helped to enhance cohesion between the cells in the upper layers of the skin, restoring elasticity and the skin's natural capacity to retain moisture. 
APDN believes that its BioActive Ingredients products are set to generate a growing future revenue stream for the company.

          This Newsletter is Read by an  
       average 21,000 Readers per issue.
         over 7,600 Retailers subscribed.
         
with over 24,000 Hits Per Day

                  

                        To Subscribe Click Here
               To Unsubscribe Click Here

           Find this newsletter    
                 Interesting???

       

                            ( End of Page 1 of 5)