Posts filed under ‘Apparel & Garment’

Infant Apparel Recalled by Kiwi Industries

The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. It is illegal to resell or attempt to resell a recalled consumer product.

Name of Product: Infant onesies and rompers
Units: About 450
Manufacturer: Holtrop & McIndoo LLC dba Kiwi Industries, of Albuquerque, N.M.

Hazard: Snaps on the onesies and rompers can …

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Source Link : Fibashion.com

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June 18, 2010 at 1:21 pm 1 comment

Sears Unveils New Dealer Store in Lillooet, BC

Sears Canada opened a new Dealer Store in Lillooet, BC as part of its commitment to offering customers more service, selection and convenience. The store is located 155 Main Street in the Old Mill Plaza and is owned and operated by Tom and Lori Karanfilis. The new 1,567 sq ft. store will house a wide selection of major appliances, mattresses, air & water treatment products, hardware, bath & bedding items, electronics and seasonal items, including Sears exclusive brands Kenmore and Craftsman.

“We are personally committed to accommodating our customers’ wants and needs and pro…

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Source Link : Fibashion.com

June 16, 2010 at 1:39 pm Leave a comment

The Children’s Place Announces Election of Directors

The Children’s Place Retail Stores, Inc., the largest pure-play children’s specialty apparel retailer in North America, announced the results of its 2010 Annual Meeting of Stockholders.

The two proposals that stockholders voted on were approved:

  • The election of directors: Jane T. Elfers, Robert N. Fisch and Louis Lipschitz were elected Class I directors to serve for three-year terms expiring in 2013.
  • The ratification of the appointment of BDO Seidman, LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 2…

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    Source Link : Fibashion.com

June 16, 2010 at 1:39 pm Leave a comment

LNJ Denim India launches new range of first-in-world work wear

Catapulting India further onto the global landscape of Denim, LNJ Denim, a part of Rs 3600 cr LNJ Bhilwara Group’s flagship textiles company RSWM Ltd, unveiled its new range of denim products, many of which have attributes introduced for the first time ever anywhere in the world.

The 65-shade poly cotton spectrum, exclusive work wear range with flame-retardant and anti-bacterial attributes, and eco range denims which are made of recycled and worn jeans are some of the unique introductions that are set to take the global brands by storm. LNJ Denim supplies Denim fashion fabric…

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Source Link : Fibashion.com

June 14, 2010 at 1:51 pm Leave a comment

NASCAR’s Tayler Malsam Joins Iron Horse

Iron Horse JeansIron Horse Jeans announced they are the primary sponsor on Tayler Malsam’s #10 Nationwide Series car owned by Braun Racing. The Iron Horse Jeans car will debut this Saturday in Kentucky at the Nationwide Series.

Tayler made the move from Kyle Busch Motorsports (KBM) #56 truck in the Camping World Series to Braun Racings #10 Car in the Nationwide Series and had his first race in Nashville on June 6th. He finished in 11th place. “We are thrilled to be part of such a great team in America’s greatest sport of racing, it’s a perfect fit, western jeans and racing, the Iron Horse Jeans car will debut in Kentucky this weekend!” said Mark Wentura, President and co-founder of Iron Horse Jeans.

“We’re looking forward to adding Tayler to our No.10 Toyota starting at Nashville,” said Todd Braun, owner of Braun Racing. “Kyle has done a great job of giving talented young drivers a chance to race and also advance up through the NASCAR system. We think Tayler has shown a lot of potential and we appreciate Kyle allowing us to give him a shot to move up to the Nationwide Series. We’re confident Tayler will bring home solid finishes for our team.”

“The entire crew is excited about having Iron Horse Jeans being part of our new Nationwide team as we move into summer races, they look great, feel great and really fit!” commented Tayler, “we plan on giving Wrangler a real run for their money!”

Iron Horse Jeans is a new denim alternative – an exclusive jeans brand that offers designer jeans styles at affordable prices with superior features. Jean wearers of all ages have come to know and love Iron Horse Jeans vintage washes, denim finishes, 11 and 12 ounce fabrics, and customized details like half inch double needle stitching and copper tin hardware trim.

Since the launch of Iron Horse Jeans in September of 2009 the company has been sponsoring numerous rodeo events, Arabian horse shows, trade shows and will now be a force in NASCAR. Iron Horse Jeans is now available in many retail locations across the United States and Canada.

Iron Horse Jeans

The Iron Horse Jean Company was formed to fill an obvious gap in Fashion jean apparel. That’s why they have geared up to deliver the hottest fabrications in jeans, knitwear and belt accessories, reflecting what today’s consumer wants and needs. Fabrics, designs and details based on years of experience working with the demanding Mainstream market.

Source Link : Fibashion.com

June 12, 2010 at 4:54 am Leave a comment

Groupe Bikini Village delivers steady sales in its 1stQ of 2010

Garment Indutry NewsGroupe Bikini Village inc. released financial results for its first quarter, ended May 1st, 2010, which reflect steady sales volumes, an overall increase in gross margins, continued tight control over direct and indirect expenses, and the Company’s disciplined approach to inventory management.

“The first quarter of each year, which falls between our two strongest quarters, is traditionally a transitional quarter for Groupe Bikini Village, marked by a loss,” said President and CEO Yves Simard. “Recognizing this pattern, we kept tight control over direct and indirect expenses and maintained our focus on inventory management – together, the foundations of our strategy to adapt operations to match market realities – and as a result, entered our second quarter of 2010 on stable ground, ready to immediately take advantage of improved market conditions when they arise.”

First quarter 2010 results
Net sales for the first quarter of 2010 increased slightly to $10 million, compared to $9.9 million in the first quarter of 2009. Comparable sales, which compare the sales of the same number of stores from year to year, decreased by 1.2% over the same period.

Groupe Bikini Village delivered EBITDA1 of $289,000, or 2.9%, in the first quarter of 2010, compared to EBITDA1 of $248,000, or 2.5%, for the first quarter of 2009. The $41,000 increase in operating income in the first quarter of 2010 was primarily the result of the Company’s strategy to focus on full-price selling and to tightly manage inventories – all of which led to a stronger overall gross margin by $244,000. However, this success was mitigated somewhat by higher operating costs of $203,000, which resulted from having had a greater number of stores open, increased rental expenses on existing stores, and increased salary expenses due to the increase in the minimum wage in both Quebec and Ontario.

For the first quarter of 2010, the Company’s net loss was $238,000 (nil per basic and diluted share), as compared to net loss of $258,000 (nil per basic and diluted share) for the same quarter in the previous year.

Resource Link : Fibashion.com

June 12, 2010 at 4:44 am Leave a comment

New York & Company, Inc. Updates 2ndQ Fiscal 2010 Guidance

Garment Industries NewsNew York & Company, Inc., a specialty apparel chain with 581 retail stores, updated its second quarter fiscal 2010 guidance in advance of its participation in the 30th Annual Piper Jaffray Consumer Conference.

Based on current business trends, including comparable store sales over the past three weeks, the Company now projects its second quarter loss per share to widen from its previous expectations provided on May 20, 2010. Regarding its revised outlook for the second quarter of fiscal 2010, the Company provided the following information:

Comparable store sales are expected to be approximately flat.
Merchandise margins are projected to decrease by approximately 900 basis points versus last year reflecting higher levels of promotional activity.
Buying and occupancy costs are expected to slightly increase as a percentage of net sales from the year-ago period.
Selling, general and administrative expenses are expected to increase as a percentage of net sales by approximately 300 basis points compared to last year primarily as a result of investments in the Company’s e-commerce and outlet businesses, along with certain store expenses.

These projections exclude the impact of previously announced charges related to the closure of the Company’s test accessories concept. The Company plans to report full results for the second quarter of fiscal 2010 during the week of August 16, 2010.

Resource Link : Fibashion.com

June 8, 2010 at 8:08 am Leave a comment

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