Daily News Record back issues from March 1988:
Hear Macy's will make bid for Federated; offering $73-$74. (Federated Department Stores Inc.)
Mar 01, 1988; ... Hear Macy's Will Make Bid For Federated NEW YORK (FNS)--R.H. Macy & Co., Inc., plans an offer for Federated Department Stores consisting of between $73 and $74 a share in cash for about 80 percent of Federated stock, it was learned Monday. The remaining 20 percent ...
Report DeBartolo, others may try to take over Zayre. (Zayre Corp., discount houses)
Mar 01, 1988 ... Report DeBartolo, Others May Try to Take Over Zayre NEW YORK--A host of prominent investors, including Edward J. DeBartolo, Jr., are accumulating stock in Zayre Corp. with an eye toward a possible takeover, according to a financial wire report Monday. The wire dispatch ...
KKR makes $44-a-share offer for Stop & Shop. (Kohlberg Kravis Roberts and Co.)
Mar 01, 1988 ... KKR Makes $44-a-Share Offer for Stop & Shop NEW YORK (FNS)--Topping a hostile takeover offer by about $200 million, Kohlberg Kravis Roberts & Co. has come up with a $44-a-share cash tender offer for Stop & Shop Cos. The KKR offer, announced Monday, will leave Stop & ...
Says Sears plans retail realignment. (Sears Roebuck)
Mar 01, 1988 ... Say Sears Plans Retail Realignment CHICAGO--Sears, Roebuck will announce a sweeping realignment of its retail operations this week, according to published reports. A Sears spokesman refused to comment, but sources say the company plans to set up vertically integrated, ...
Du Pont hikes prices of heavy Lycra fibers. (spandex)
Mar 01, 1988 ... Du Pont Hikes Prices of Heavy Lycra Fibers NEW YORK--Du Pont said Monday that it is increasing the price of heavy denier (840 and above) Lycra spandex fiber by about 12 percent, effective with March 28 shipments. These deniers are sold mainly into narrow elastic ...
Block's Kudos merged into Sportswear div. (Block Industries Inc.)
Mar 01, 1988 ... Block's Kudos Merged Into Sportswear Div. NEW YORK--Block Industries has integrated its five-year-old Kudos division, which produces young men's knit and woven tops, into its Block Sportswear division. In a related move, Sallie Creamer, president of Kudos, has resigned from the ...
Mercantile earnings dip 3% during 4th quarter. (Mercantile Stores Co.)
Mar 01, 1988 ... Mercantile Earnings Dip 3% During 4th Quarter WILMINGTON, Del. (FNS)--Mercantile Stores Co.'s earnings declined 3 percent in the fourth quarter and increased 16.6 percent in the year ended Jan. 31. In the quarter, earnings were $46,513,000, or $1.27 a share, from ...
Alexander Julian. (men's wear designer)
Mar 01, 1988; ... ALEXANDER JULIAN "We have always been a hybrid between American traditionalists and the Europeans," explains designer Alexander Julian, "but this is our most American collection ever." And from the Thomas Hart Benton murals on the showroom walls to the American-cut ...
Three cheers for excitement caused by three-button models. (men's suits and coats)
Mar 01, 1988; ... Three Cheers for Excitement Caused by Three-Button Models NEW YORK--The clothing industry needs the excitement generated by the rebirth of three-button suits and sport coats. But for spring 1989, retailers, as well as clothing manufacturers, are facing two major questions: Which ...
British wool exports increase 6.6% in 1987 for 2d-best all-time high.
Mar 01, 1988; ... British Wool Exports Increase 6.6% In 1987 for 2d-Best All-Time High LONDON (FNS)--British wool textile exports rose 6.6 percent in 1987 to 593 billion pounds ($1.05 billion), the second-best performance in the industry's history, according to the Confederation of British Wool ...
Enjoin Guez from transfer of his Sasson Jeans stock. (Paul Guez)
Mar 01, 1988; ... Enjoin Guez From Transfer Of His Sasson Jeans Stock NEW YORK (FNS)--Bankruptcy Judge Burton R. Lifland on Monday granted a motion by the trustee of Sasson Jeans, Inc., to enjoin Paul Guez from transferring his stock in the company to anyone else. Guez, who according to ...
Printables files chap. 11, seeks time to reorganize. (Printables Inc., textile importer)
Mar 01, 1988 ... Printables Files Chap. 11, Seeks Time to Reorganize NEW YORK (FNS)--Printables, Inc., a textile importer at 131 West 35th Street, has filed a Chapter 11 petition, seeking time to reorganize. Printables is an affiliate of Karmatex, Inc., a converter and importer of ...
Fashion stocks still riding specialty, takeover wave. (securities)
Mar 01, 1988; ... Fashion Stocks Still Riding Specialty, Takeover Wave NEW YORK (FNS)--Another hot week for apparel specialty stores and continued takeover speculation led to above-average performance for fashion stocks again. The Fairchild News Service Index of retail, apparel, textile ...
Kleinert's.
Mar 01, 1988 ... Kleinert's PLYMOUTH MEETING, Pa. (FNS)--Kleinert's, Inc., reported that earnings from operations increased 8.4 percent in the fourth quarter and climbed 22.8 percent in the year ended Nov. 28. In the quarter, earnings from operations were $660,000, or 45 cents a ...
Penny's put NY headquarters up for sale.
Mar 01, 1988 ... Penney's Puts NY Headquarters Up for Sale NEW YORK--J.C. Penney Co., Inc., has formally put its 45-story office tower, at 1301 Avenue of the Americas, on the market for the highest bidder. Penney's is in the process of relocating from New York to Plano, Texas, a ...
Hear Trump profits $14M on Federated. (Donald Trump)
Mar 01, 1988 ... Hear Trump Profits $14M On Federated NEW YORK (FNS)--New York realtor Donald J. Trump has bailed out of Federated Department Stores at what he would only call a "substantial" profit. In a formal announcement, Trump said he bought Federated stock between Dec. 1 and ...
Macy's could win, even if it loses. (bid for Federated Department Stores)
Mar 02, 1988; ... Macy's Could Win, Even If It Loses R.H. Macy & Co. may profit handsomely if it is outbid for Federated Department Stores, according to a filing with the Securities and Exchange Commission. The filing disclosed that if there is a merger agreement between Macy's and ...
E. Coast stores counting more on sportswear. (Easter boys' wear)
Mar 02, 1988; ... E. Coast Stores Counting More On Sportswear East Coast department store retailers are counting on sportswear to give added impetus to their boys' wear business this Easter. Easter has always been an extremely important season for boys' dress clothing. Increasingly, ...
WestPoint makes $56-a-share offer as management group lifts bid. (bid for J.P. Stevens and Co. Inc.)
Mar 02, 1988 ... WestPoint Makes $56-a-Share Offer As Management Group Lifts Bid NEW YORK (FNS)--J.P. Stevens & Co., Inc. reported that it received two bids Tuesday, one a $56-a-share all-cash offer from WestPoint Pepperell, Inc., and an improved $55-a-share leveraged buyout proposal from ...
Dart Group, others deny acquisition of Zayre stock. (discount houses)
Mar 02, 1988 ... Dart Group, Others Deny Acquisition of Zayre Stock The Dart Group, among others Tuesday, denied it was acquiring stock in Zayre Corp., as rumored in a wire service story Monday. The wire story quoted an unidentified source said to be "close to Edward J. DeBartolo, Jr.," ...
Wal-Mart net jumps 34.1% in quarter, 39.4% in year.
Mar 02, 1988 ... Wal-Mart Net Jumps 34.1% In Quarter, 39.4% in Year Despite the recent softness in the retail market, Wal-Mart Stores, Inc., continued to report impressive results in the fourth quarter and year ended Jan. 31, with earnings gains of 34.1 percent and 39.4 percent respectively. ...
WPP's Lanier sees Stevens a perfect fit. (textile industry, Joseph L. Lanier Jr.; West Point-Pepperell Inc., J.P. Stevens and Co. Inc.)
Mar 02, 1988; ... WPP's Lanier Sees Stevens A Perfect Fit Joseph L. Lanier, Jr., WestPoint Pepperell's chairman, told DNR that the Stevens move "should not be suprising to people in the industry," considering WestPoint's previously stated goal --to be a major global manufacturer and marketer of ...
China ponders 6 new policies to aid hard-hit textile biz.
Mar 02, 1988; ... China Ponders 6 New Policies To Aid Hard-Hit Textile Biz China is planning to stitch up problems in its textile industry with six new policies. Textiles, China's largest foreign exchange earner, is also one of the country's most mismanaged industries. Last year, ...
Fehlmann to cut staff by third over 18 months. (Fehlmann AG)
Mar 02, 1988 ... Fehlmann to Cut Staff by Third Over 18 Months Fehlmann AG will cut its workforce of 480 by about one third in the next 18 months, according to Hans Tschumi, Fehlmann group chief executive officer. Fehlmann AG, the latest Swiss textiles company to report financial ...
Four join Crown as managers at Alabama plant. (Crown Textile Co.)
Mar 02, 1988 ... Four Join Crown As Managers at Alabama Plant Four execs have joined Crown Textile Co. as managers at its Talladega, Ala., manufacturing facility. Russell Tait has been appointed nonwovens plant manager with responsibility for the manufacture of the firm's saturated ...
Wingens NatWest's Astor Plaza head. (Marion G. Wingens, factors)
Mar 02, 1988 ... Wingens NatWest's Astor Plaza Head Marion G. Wingens has been elected a senior vice-president of National Westminster Bank USA and named head of the Astor Plaza division serving middle-market companies in the apparel and textile industries. Wingens succeeds Edward A ....
Maloney Enterprises file chap. 11.
Mar 02, 1988 ... Maloney Enterprises Files Chap. 11 Maloney Enterprises, Inc., a 26-store discount chain and subsidiary of Heck's, Inc., has filed a Chapter 11 petition to reorganize in bankruptcy court here. Heck's, which has been operating in Chapter 11 since March 1987, said the ...
FTC mum on Macy's bid, but negative action unlikely. (bid for Federated Department Stores)
Mar 02, 1988; ... FTC Mum on Macy's Bid, But Negative Action Unlikely While a Federal Trade Commission official Tuesday declined to comment on the commission's response to a Macy's-Federated Department Stores merger, the FTC chairman recently indicated it is highly unlikely that the commission ...
Is Hypermart worth the hype? (Hypermart USA) (Volume - DNR magazine)
Mar 02, 1988 ... IS HYPERMART WORTH THE HYPE? They told me it's a "mall without walls" before I flew off to do my own personal evaluation of Hypermart USA the Texas giant, which opened December 28 in Garland, right on the edge of Dallas. No doubt about it, this is an enormous store ...
Mervyn's takes electronic retailing into the 1990s. (Volume - DNR magazine)
Mar 02, 1988; ... MERVYN'S TAKES ELECTRONIC RETAILING INTO THE 1990s We wanted to create a revolutionary store," says Michael Pharr, vice-chairman and chief administrative officer of Mervyn's, the Hayward-Calif.-based mass merchant. And in a mere six months, the Dayton-Hudson division ...
The midwest closeout king. (Volume - DNR magazine, Goldblatt's) (company profile)
Mar 02, 1988; ... THE MIDWEST CLOSEOUT KING Not too many stores get a second chance after a Chapter 11 reorganization. And fewer emerge unencumbered with debt repayment programs and ready to take on a new retail identity. One notable exception in the Midwest is Goldblatt's, the ...
The twin faces of fleece. (Volume - DNR magazine, sportswear)
Mar 02, 1988; ... THE Twin Faces of Fleece As comfortable and friendly as an old shetland sweater, fleece has something else going for it-- the ability to dress up or dress down, with considerable ease. That's why the basic, or garden variety, of fleece continues to pace activewear ...
What price fashion? (Volume - DNR magazine, volume retailers hire fashion staff to beat competition)
Mar 02, 1988; ... What Price Fashion? What price fashion? For volume merchants and their resources, the tab has never been higher. And because of this, management at the retail and manufacturer levels are scrambling to hire fashion staffs, diversify sourcing, add state-of-the-art ...
Activewear losing the sales heat to sportswear. (Volume - DNR magazine)
Mar 02, 1988; ... ACTIVEWEAR LOSING THE SALES HEAT TO SPORTSWEAR Activewear continues to be a key performer in volume stores but the classification has been running into tough times for the last three selling periods tracked. These men are the best tennis and golf shirt customers. ...
Jury still out on bar coding. (Volume - DNR magazine, universal product coding)
Mar 02, 1988; ... JURY STILL OUT ON BAR CODING The 'Big Three' chains and mass merchandisers are taking varying approaches to implementing Universal Product Code (UPC) scanning technology stores. UPC's numerous benefits to retailers are well documented. They're usually summarized under ...
Fashion can be the great equalizer. (Volume - DNR magazine)
Mar 02, 1988; ... FASHION CAN BE THE GREAT EQUALIZER At one time fashion was a powerful weapon and monopoly in the hands of department stores that enabled them to keep mass merchandising retailers and discounters at a distance. Fashion remains a strong point of department stores, but ...
Countdown sets creditor meeting on trustee option. (Countdown of Connecticut Inc., children's apparel retailer)
Mar 02, 1988; ... Countdown Sets Creditor Meeting on Trustee Option Countdown of Connecticut, Inc., a children's apparel retailer reorganizing under Chapter 11, is scheduled to meet with its creditors committee this week to discuss the possibility of having a court-appointed trustee run the ...
Macy's bid accepted by Federated. (Campeau Corp., department stores)
Mar 03, 1988; ... Macy's Bid Accepted by Federated In a dramatic last-minute maneuver, R.H. Macy & Co. appears to have beaten out Campeau Corp. for Federated Department Stores, although the resourceful Campeau has not yet conceded. In fact, it has made a new offer. Late Wednesday ...
Macy's-Federated seen shaking market up, out. (department store acquisitions)
Mar 03, 1988 ... Macy's/Federated Seen Shaking Market Up, Out The definitive agreement signed Wednesday between R.H. Macy & Co. and Federated Department Stores is expected to result in sweeping changes for both the retail and apparel industries. On the apparel side, major men's wear ...
Department store executives bullish on men's biz - at least for 1st half. (men's wear market, Men's Apparel Guild in California Show)
Mar 03, 1988; ... Department Store Executives Bullish On Men's Biz--At Least for 1st Half Department store retailers in most parts of the country, coming off a strong 1987, remain bullish on men's wear--at least for the first half of the year. However, there is some concern among ...
Buyers at CIMM seek dressy looks, reasonable prices, good deliveries. (California International Menswear Market)
Mar 03, 1988; ... Buyers at CIMM Seek Dressy Looks, Reasonable Prices, Good Deliveries Buyers arriving this week for the California International Menswear Market (CIMM) at the California Mart have higher prices and dressy looks on their minds, not necessarily in that order. Store ...
Steven's shares top offer by WPP; see bidding contest. (WestPoint Pepperell, textile industry, J.P. Stevens & Co.)
Mar 03, 1988; ... Stevens' Shares Top Offer By WPP; See Bidding Contest J.P. Stevens & Co. shares climbed above WestPoint Pepperell, Inc.'s $56-a-share offer to close at 56 3/8, up 7 5/8, on the New York Stock Exchage Wednesday, indicating a bidding war may be imminent. Patricia Ryan, ...
Blacker dropping women's refocusing it other lines. (Stanley Blacker Co.)
Mar 03, 1988; ... Blacker Dropping Women's, Refocusing Its Other Lines Financially troubled Stanley Blacker Co. has consolidated its operations, including dropping its once powerful women's wear business and refocusing other product lines. The management team has also been trimmed. ...
Woolworth net up 12% in quarter.
Mar 03, 1988 ... Woolworth Net Up 12% in Quarter F.W. Woolworth Co.'s earnings increased 12 percent in the fourth quarter and 17.3 percent in the year ended Jan. 30. In the quarter, earnings were $131 million, or $2 a share, compared with $117 million, or $1.77, in the year-ago ...
C.S.F. Alexandria plan offers 85%-100% payment. (C.S.F. Alexandria Blouses Inc., women's blouse manufacturer)
Mar 03, 1988 ... C.S.F. Alexandria Plan Offers 85%-100% Payment C.S.F. Alexandria Blouses, Inc., a women's blouse, sweater and sportswear manufacturer, has filed a disclosure statement outlining a Chapter 11 reorganization plan that would pay unsecured creditors 85 percent, and possibly 100 ...
R.L. Isaacs exits Heck's; Isaac, Jr. adds chairman. (Russell L. Isaacs, Heck's Inc.)
Mar 03, 1988 ... R.L. Isaacs Exits Heck's; Isaac, Jr., Adds Chairman Russell L. Isaacs has resigned as chairman and a director of Heck's, Inc., which is reorganizing in Chapter 11. John R. Isaac, Jr., president and chief executive officer of Heck's, will assume the additional duties of chairman ....
Ruffles owner gets 90-day sentence for invoice scam. (Ruffles Sportswear Inc., Kenneth Berger, children's clothing trade)
Mar 03, 1988 ... Ruffles Owner Gets 90-Day Sentence for Invoice Scam Kenneth Berger, owner of Ruffles Sportswear, Inc., has been sentenced in Manhattan federal court to 90 days imprisonment and was fined $235,000 for participating in a phony-invoice scheme. According to David Spears, ...
ATMI's Frierson hopes to forge a multi-industry coalition. (Daniel K. Frierson, American Textile Manufacturers Institute)
Mar 03, 1988; ... ATMI's Frierson Hopes to Forge a Muti-Industry Coalition "We feel very confident that we can override a Presidential veto of the textile-apparel trade bill, if the industry pulls together. I'm talking about fiber, apparel, fabric, footwear, the unions, the wool growers, the cotton ...
Cotton concepts. (fabric design)
Mar 03, 1988; ... Cotton Concepts There's a lot happening in new development in denim and other cotton for 1989's more casual apparel. New spinning and finishing techniques create a wider variety of surface effects. A nostalgic look back at the '40s and '50s is supplied by new stripes ...
Japanese firms plan to construct $45 million cotton mill in Fresno. (Nisshinbo Industries Inc., Kanematsu-Gosho Ltd.)
Mar 03, 1988 ... Japanese Firms Plan to Construct $45 Million Cotton Mill in Fresno Nisshinbo Industries Inc., a leading Japanese textile manufacturer, and Kanematsu-Gosho Ltd., a world-wide Japanese trading company, plan to jointly construct a major cotton fabric and yarn mill here at a cost of ...
DMC bids $26M for Burlington's Irish denim unit. (Dullfus Mieg et Compagnie, Burlington Industries Inc.)
Mar 03, 1988 ... DMC Bids $26M For Burlington's Irish Denim Unit Julien Charlier, chairman and chief executive of Dullfus Mieg et Cie. (DMC), said his company has offered to pay $26 million for the Irish denim manufacturing unit of Burlington Industries. This is less than the $30 ...
UM&M closes Clearwater plant. (United Merchants & Manufacturers, South Carolina textile finishing plant)
Mar 03, 1988 ... UM&M Closes Clearwater Plant Citing an inability to compete, United Merchants & Manufacturers has closed its Clearwater, S.C., finishing plant. A company spokesman said despite major efforts to modernize and improve the competitive position of the plant, it realized ...
Resource structure ... challenge to stores. (column)
Mar 03, 1988; ... Resource structure . . . challenge to stores "The development of upscale sportswear as a major men's wear classification for mainfloor, moderate to upper moderate price point business, with some collection sportswear included, has become the major thrust for many of the department ...
Why are these department store executives smiling? (department stores gaining back market share from specialty shops; includes related article)
Mar 04, 1988; ... WHY ARE THESE DEPARTMENT STORE EXECUTIVES SMILING? A decade of unprecedented growth by specialty stores has taken a severe toll on the department store industry, but the tables may have turned. For the first time in 1987, niche marketers such as The Gap and The Limited ...
Campeau: Macy's Federated offer 'inferior'; promises court battle. (Campeau Corp., Federated Department Stores)
Mar 04, 1988; ... Campeau: Macy's Federated Offer 'Inferior'; Promises Court Battle Making it clear that R.H. Macy & Co. is not going to get Federated Department Stores without a bitter battle, Campeau Corp. on Thursday accused Edward S. Finkelstein, Macy's chairman, of "gunjumping" and ...
Discounters only bright spot in February big-store sales. (discount houses, major retailers average 6% gain)
Mar 04, 1988; ... Discounters Only Bright Spot In February Big-Store Sales A slowdown in consumer spending and the generally soft retail environment put a damper on sales for many retailers in February. While a group of 14 of the nation's biggest retailers turned in an average sales gain ...
Advance orders for circular knits remain on hold. (knit goods industry)
Mar 04, 1988; ... Advance Orders For Circular Knits Remain on Hold Nervous knitters, while busy filling current orders, are vainly waiting for advance bookings in a circular knit business that has changed a lot in a year. Retailers, all knitters agree, are holding back commitments for ...
Burma Bibas gets license for Pierre Cardin neckwear.
Mar 04, 1988; ... Burma Bibas Gets License For Pierre Cardin Neckwear Burma Bibas has become the new licensee for Pierre Cardin neckwear, succeeding Sheridane Designs, which had held the rights to the designer label for some 20 years. Terms of Burma's arrangement were not disclosed. The ...
Mullen to succeed Grant as CEO at Goldwaters. (David P. Mullen)
Mar 04, 1988 ... Mullen to Succeed Grant As CEO at Goldwaters David P. Mullen has been named president and chief executive officer of Goldwaters, effective April 1. He succeeds Pamela Grant, who recently announced plans to leave the Scottsdale, Ariz.-based division of May Department ...
Jaeggi gets chairman post at Sporis, Sardan holdings. (Rene Jaeggi)
Mar 04, 1988; ... Jaeggi Gets Chairman Post At Sporis, Sardan Holdings Rene Jaeggi, chairman of the management board of Adidas, has been named chairman of the controlling board of Sporis and Sardan Holdings in Switzerland, signaling a change in strategy for the two apparel, marketing and footwear ...
Adolph Saurer buys 2 Swiss firms; predict sales hike of 30%. (Adolph Saurer Ltd., textile machinery)
Mar 04, 1988; ... Adolph Saurer Buys 2 Swiss Firms; Predict Sales Hike of 30 Percent Adolph Saurer Ltd. of Switzerland has purchased Carl Hamel Ltd. and Oehler Ltd., both also of Switzerland. Leon Hotz, president of Saurer Corp. Textile Machinery, the U.S. subsidiary, told DNR Thursday ...
C. Itoh in pact to produce and market Coveri in Japan. (Enrico Coveri)
Mar 04, 1988; ... C. Itoh in Pact to Produce And Market Coveri in Japan Enrico Coveri has signed a six-year licensing agreement with the C. Itoh Industrial Group of Japan. Itoh will import Coveri apparel and accessories to the Japanese market and oversee local manufacturing and distribution as ...
Robert Bruce sees '87 loss exceeding '86. (men's wear manufacturer)
Mar 04, 1988 ... Robert Bruce Sees '87 Loss Exceeding '86 Robert Bruce Industries, Inc., a major manufacturer of men's sweaters, knit shirts and sportswear, said it will report a loss for 1987 in excess of the $6 million deficit the year before. As a ...
Young men's buyers big on multi-design approach at CIMM. (California International Men's Wear Market)
Mar 04, 1988; ... Young Men's Buyers Big on Multi-Design Approach at CIMM Knitwear-in-spired wovens, new wash treatments combined with darker colorations in denim, and a renewed emphasis on sweaters stood out as directions in young men's sportswear at this week's California International Men's Wear ...
Seeking Southern comfort. (presidential candidates stump textile towns)
Mar 04, 1988; ... SEEKING SOUTHERN COMFORT Presidential hopefuls stump textile towns in South Carolina for votes on Super Saturday, the primary that made it the Iowa of the South The Republican presidential candidates crisscrossed western South Carolina last week as if it were Iowa in ...