Daily News Record back issues from May 1992:
Tie firms test vests for fall. (necktie manufacturers offer sporty vests for fall 1993)
May 01, 1992; ... NEW YORK--Neckwear vendors are tie-ing into vests for fall '92. A number of makers are getting good responses with sporty vests aimed at furnishings departments. These items can be worn with anything from a denim shirt and jeans to formalwear. In fact, some of these casual ...
Violence in L.A. shuts the CaliforniaMart. (rioting inspired by acquittal of police officers accused of brutality in Rodney King case closes apparel mart in Los Angeles, California, April 29, 1992)
May 01, 1992 ... NEW YORK -- The CaliforniaMart in Los Angeles was shut down Thursday as a result of the riots that began in nearby South Central and spread to the heart of the men's and women's wear market. The violence touched off by the acquittal of the four Los Angeles police officers in the ...
Shorr to head Hartmarx unit. (Donald D. Shorr promoted to president and CEO of Special Markets Group at Hartmarx Corp.) (Brief Article)
May 01, 1992 ... CHICAGO -- Donald D. Shorr has been promoted to president/chief operating officer of the Special Markets Group at Hartmarx Corp., according to Kenneth Hoffman, president of the Hartmarx Apparel Group. Shorr, who reports to Hoffman, succeeds Thomas Wheeler Wheeler was ...
Last Chance is a Nordstrom first. (Nordstrom Inc. opens Last Chance Bargain Shoes and Apparel discount outlet in Phoenix, Arizona) (Brief Article)
May 01, 1992; ... LOS ANGELES -- "Last Chance" is a sign that you'd expect to see on a gas station or saloon in the desert. But in West Phoenix, Ariz., where desert is plentiful, "Last Chance" is also the shortened name for Nordstrom's first Last Chance Bargain Shoes and Apparel store. A ...
Hampco Apparel. (sees strong business results from denim sport shirts) (Brief Article)
May 01, 1992; ... NEW YORK -- The denim jeans boom at retail is paying for Hampco Apparel, the import arm of Hampton Industries, with strong business posted for its "denim-friendly sport shirts" for back-to-school. All the shirts "lend themselves very well to jeans and casual pants," reports ...
Golf is new activewear link. (men's clothing stores feature golf apparel as game gains popularity) (Brief Article)
May 01, 1992; ... NEW YORK -- Golf apparel is beginning to forge links to the masses. Golf clubs and/or balls are nothing new at mass merchants. Until recently, both the retailers and their suppliers admit they've been handicapped trying to sell golfwear. As golf gains in popularity, however, ...
Downsizing time at K Mart. (K Mart Corp. gives up hypermarket format favoring smaller-sized 'combination' format named Super K Mart Center) (Brief Article)
May 01, 1992; ... ATLANTA -- After opening its only American Fare in the Southeast, K mart has abandoned its hypermart format in favor of a smaller version -- a "combination" store it calls Super K mart Center. While K mart is "very happy" with American Fare, David Marsico, director of combination stores, ...
Du Pont not chilled by anti-CFC group. (Green Peace environmentalist group condemns production of Chloroflourocarbons at Du Pont's annual meeting in April 1992)
May 01, 1992; ... NEW YORK -- Green Peace visited Du Pont's annual meeting this week, but peace was not in their hearts. The world famous environmentalist group has had their sights on Du Pont for some time over the issue of production of CFCs, a major ingredient in refrigerants, which they feel, ...
Levi's to pay wages to job candidates. (Levi Strauss and Co. agrees to pay $150,000 in wages to former job candidates rejected for employment because of pre-employment physical examinations) (Brief Article)
May 01, 1992; ... WASHINGTON (FNS) -- Levi Strauss & Co. has agreed to pay $150,000 in wages to 30 former job candidates rejected for employment because of an improper health physical, the Labor Department said Thursday. The dispute centered on preemployment physicals at eight factories in New ...
Marcade gets loan extension until July. (Marcade Group Inc. receives extension until July 31, 1992 for payments on Heller Financial Inc. loan under five-year payout plan) (Brief Article)
May 01, 1992 ... NEW YORK (FNS) -- The Marcade Group, Inc., has received an extension until July 31 to begin payments on a $52 million loan from Heller Financial, Inc., under a five-year payout plan. Under the original plan, Marcade was to sell a division last year and use the proceeds for a ...
Textile shipments rise 1.2% in March. (manufacturers' shipments register third consecutive gain in March 1992) (Brief Article)
May 01, 1992; ... WASHINGTON (FNS) -- Textile manufacturers' shipments registered their third consecutive gain in March, rising by a seasonally adjusted 1.2 percent from February's levels, the Commerce Department reported Thursday. Shipments for the month stood at a seasonally adjusted ...
Gayle Goodman. (joins Hot Sox Company Inc. as director of marketing) (Brief Article)
May 01, 1992 ... GAYLE GOODMAN has joined THE HOTSOX CO., INC., New York-based makers of men's and women's hosiery, as director of the company's newly established marketing department. She is responsible for new ...
David Lewis. (joins Baxter International as vice-president of production and sourcing) (Brief Article)
May 01, 1992 ... In other news, DAVID LEWIS has joined Baxter in the new post of vice-president of production and sourcing, reporting to Larry Taube, ...
The National Football League. (licenses Mighty-Mac Inc. to manufacture and market line of children's football-style sportswear for winter 1992) (Brief Article)
May 01, 1992 ... THE NATIONAL FOOTBALL LEAGUE has licensed MIGHTY MAC, New York, to make and market a line of children's football-inspired sportswear for winter '92. The line will be sold to department and specialty stores under the ...
Peter Macaluso. (joins M. Rubin and Sons Inc. as vice-president and national sales manager) (Brief Article)
May 01, 1992 ... PETER MACALUSO has joined M. RUBIN & SONS, INC., New York, as vice-president and national sales manager of its Sergio Valente and Double Exposure divisions. He succeeded Larry Zimmer, who, as reported, joined Coronet Group/Zip ...
Marie Mercie opens men's accessory shop. (boutique in Paris, France named Anthony Peto) (Brief Article)
May 01, 1992; ... PARIS--Men's accessories easing their way into the Paris street scene. Parisian milliner Marie Mercie, who already has two boutiques, has opened a third one devoted to men's accessories. The stop will bear the name of Mercie's husband and managing director, Anthony ...
Bill-and-hold grows on some print cloths. (textile price statistics)
May 01, 1992; ... NEW YORK--A few gray cloth prices went lower this week, the first such development in a long time. Generally, scarcities continued on many numbers in both lightweights and bottomweights. Scattered indications of bill-and-hold levels growing on a few industrial cotton print ...
Sulzer net off 23% in '91. (Sulzer Group reports decrease in net profit for 1991)
May 01, 1992; ... --The Sulzer Group reported a 23 percent drop in net profit for 1991 to 119 million Swiss francs largely due to the posting of a 150 million franc loss by its weaving machines manufacturing division. However, the Sulzer Group said that the bad situation should not last, and it ...
Salant in black in 1st quarter. (moves into profitability in first quarter ending March 28, 1992) (Brief Article)
May 01, 1992 ... NEW YORK (FNS)--Salant Corp., which is reorganizing in Chapter 11 proceedings, moved into the black in the first quarter ended March 28 on increased sales. Salant said Thursday that net income after interest and bankcruptcy expenses totaled $27,000, or 1 cent a share, in the ...
Cherokee plans sale of $115M in senior notes. ($115 million principal amount of senior subordinated notes) (Brief Article)
May 01, 1992 ... SUNLAND, Calif. (FNS)--In a move that will save at least $3 million a year in interest costs, Cherokee, Inc., has filed to sell $115 million principal amount of senior subordinated notes, using the proceeds to retire $105.2 million in senior subordinated reset notes. According ...
Dixie Yarns returns to black in quarter. (reports profit for first quarter ending March 28, 1992) (Brief Article)
May 01, 1992 ... CHATTANOOGA, Tenn. (FNS)--Helped by a cost reduction program and restructuring efforts, Dixie Yarns, Inc., reported a profit in the first quarter against a loss a year earlier. In the quarter ended March 28, the textile firm earned $261,000, or 3 cents a share, which compares ...
Oneita nets soar in periods. (Oneita Industries Inc. reports increase in second quarter earnings for period ending March 31, 1992) (Brief Article)
May 01, 1992 ... ANDREWS, S.C. (FNS) -- Oneita INdustries, Inc., reported earnings soared more than 300 percent in both the second quarter and half ended March 31. Oneita earned $1,942,000, or 34 cents a share, for the quarter, against year-ago earnings of $468,000, or 9 cents. Sales jumped ...
Spring activewear biz jumping to beat of shorts, logo items. (business)
May 04, 1992; ... NEW YORK -- Spring activewear departments have begun to buzz with early action on T-shirts in fashion colors and cuffed and layered shorts. A surprise hit at department stores has been Nike T-shirts, which have been favoraby impacted by the company's Hare Jordan ads, said ...
Shipping talks elude complete resolution. (contract negotiations between Asia North America Eastbound Rate Agreement ocean carriers and apparel and textile importers) (Brief Article)
May 04, 1992; ... WASHINGTON (FNS) -- Negotiations between textile and apparel importers and eight ocean carriers over new shipping contracts went down to the May 1 deadline, with several companies emerging without an agreement. By all measures, this year's talks with the Asia North America ...
Doctor Raphael's house calls. (hosiery industry consultant, Arnold M. Raphael, offers business advice to companies on individual basis) (Brief Article)
May 04, 1992; ... Few people are aware of the hosiery mill humming away in Yonkers, N.Y., just north of New York City. And probably fewer know that the company, Hosiery Concepts, manufactures Giorgio Armani men's socks. Jay Kwon, who owns the $10 million, eight-year-old mill, is one of ...
Demands from a mall. (consumer preferences in shopping mall layout and services)
May 04, 1992 ... Also of importance are more bathrooms, escalators, information booths, automated bank tellers, wheelchair availability and a gift wrap/shipping stations. Those are among results of a survey summarized in the International Council of Shopping Centers' March 1992 Bulletin. ...
Selling honesty and adventure. (retail consultant, Nigel French, tells of changing trend in consumer focus in buying products at Retail Marketing Society meeting)
May 04, 1992; ... Retail consultant Nigel French is advising retailers to target the kinder, gentler and escapist sides of consumers. "We are no longer the consumers we once were," French explained. "In the '90s we find that we care rather than consume. We are looking for satisfaction and ...
Denim a million-dollar mill fabric. (fabric in high demand for use in several end-products)
May 04, 1992; ... CHARLOTTE, N.C. -- No matter how you cut it, denim fabrics are hot -- in bottoms, tops, shorts, overalls, basics, fashion and a lot more. "The denim business is remarkably strong and it continues to gain momentum," commented John Heldrich, president of North American marketing, ...
Jeans and denim shorts a dynamic duo.
May 04, 1992 ... NEW YORK -- Jeans and denim shorts have taken a big leap out of the starting gate this spring at retail. A DNR market survey found those categories are strong in many parts of the country. Denim business is so strong, in fact, that at some stores (including Bon Marche and ...
Maher finds optimism in the search game. (JohnsonSmith & Knisely Inc.'s Bill Maher sees hope for executive hiring in apparel and retail industries)
May 04, 1992; ... NEW YORK -- After a long, tough recession, William 'Bill' Maher is optimistic about executive hiring in the apparel and retail industries. That's good news because he's on the front lines as a principal at JohnsonSmith & Knisely, Inc. (JSK), which specializes in recruiting for ...
L.A. firms assess damage. (clothing retailers and manufacturers report losses from the Los Angeles riots of 1992)
May 05, 1992; ... LOS ANGELES - As Mayor Tom Bradley lifted the curfew in the City of Angels, many apparel manufacturers and retailers began sorting through the pieces of their shattered companies. At the same time, many Los Angelinos were trying to separate fact from fiction as rumors still ...
Generra's co-founder, Margolis, exits firm. (Tony Margolis resigns from Generra Sportswear Company Inc.) (Brief Article)
May 05, 1992; ... SEATTLE (FNS) - Tony Margolis, a co-founder of Generra Sportswear, has resigned as executive vice-president of marketing for all divisions of the company, effective immediately. Margolis will remain a share-holder with no operational responsibilities. Margolis couldn't be ...
Denim gets a new dimension in outerwear. (denim cloth is being used in a broader variety of coat and jacket styles)
May 05, 1992; ... NEW YORK - As denim gets up a head of steam in the men's market, outerwear makers are taking the fabric a step beyond the jeans-jacket. In addition to that staple style, which has been a steady hit in the Western markets, vendors are beginning to make everything from barn ...
Molinari elevated a Bugle Boy Inds. (Phil Molinari named executive vice-president sales at Bugle Boy Industries) (Brief Article)
May 05, 1992 ... NEW YORK - Phil Molinari has been named executive vice-president of sales for Bugle Boy Industries, effective immediately. This is a new post. Molinari was previously senior vice-president of Bugle Boy men's division, Bugle Boy Co. In his new position, he will ...
Stein Mart narrows loss in period. (first-quarter 1992 finances) (Brief Article)
May 05, 1992 ... JACKSONVILLE, Fla. (FFNS) - Stein Mart, Inc., which went public in 3.25-million share public offering on April 22, reported that it narrowed its first-quarter loss to $838,000 against $1,161,000 a year ago. Sales in the quarter, ended March 28, rose 10.5 percent to $46,295,000 ...
Neil Fox. (named vice-president finance at Aquascutum of London Inc.) (Brief Article)
May 05, 1992 ... NEIL FOX has joined AQUASCUTUM OF LONDON, INC., as vice-president of finance, according to George M. Santacroce, president and chief executive. For examples Gerry Kolosky who, after a transitional period, will be leaving the company. ...
Jeffrey Elgart. (named vice-president operations at Stage II Apparel Corp.) (Brief Article)
May 05, 1992 ... JEFFREY ELGART has been named vice-president, operations, for STAGE II APPAREL CORP.., a newly created position. He reports directly to Jack Clark, chairman, and will be ...
Some prices ease; sales pace slows. (textile price statistics) (Column)
May 05, 1992; ... NEW YORK - an easing in a handful of gray goods prices continued late last week as the primary fabric market continued to shows a slower sales pace. Affected were mainly a few standard print cloths and one or two bottomweight numbers. On the whole, the gray cloth ...
Henry Saffran. (president of Stylemaker Fabrics Inc. dies at age 53) (Obituary)
May 05, 1992 ... NEW YORK - Services will be today for Henry Saffran, 53, president of Stylemaker Fabrics, Inc., at Riverside Nassau North Chapels, 55 North Street Plaza, Great Neck, N.Y., at 12:30 p.m. Saffran died suddenly Sunday in Great Neck following an apparent heart attack. He ...
DuPont raises prices for its dacron filament. (Brief Article)
May 05, 1992 ... NEW YORK - Du Pont has noticed customers that it is increasing the price of Dacron polyester filament and selected specialty yarns, by 4 percent to 6 percent. The increase will be effective May 30 for June shipments and thereafter. The last increase for Dacron ...
Kassebaum to head Phoenix Capital unit. (Henry A. Kassebaum named president of Phoenix Capital Resources) (Brief Article)
May 05, 1992 ... NEW YORK (FNS) - Henry A. Kassebaum, who left Heller Financial, Inc., last December after 23 years with the company, has joined a turnaround management consulting firm as president of the financial services division. Kassebaum will head Phoenix Capital Resources, which provides ...
Bergner net better than anticipated. (P.A. Bergner and Co. finances for March 1992; also, Chapter 11 bankruptcy proceedings) (Brief Article)
May 05, 1992 ... MILWAUKEE (FNS) - P.A. Bergner & Co.'s sales and profits during March were ahead of projections, with sales 4 higher than the same month last year, according to an operating statement filed in bankruptcy court. Sales totaled $116,229,000 during the month, including $10,582,000 ...
Macy's to close 'about 10' stores. (R.H. Macy and Company Inc.) (Brief Article)
May 05, 1992 ... NEW YORK - Macy's will close "about 10" of its 120 department stores, a company spokesman said. This statement came in response to a report by Crain's New York Business that said Macy would close 15 to 30 stores, mainly in the New York area, by the end of the year. ...
Analysts rate Federated units. (Wall Street analysts look at Federated Department Stores Inc. and its offshoots)
May 05, 1992; ... NEW YORK (FNS) - Four chains in the Federated Department Stores, Inc., stable remain dominant in their markets while the others face tough competition, according to Wall Street analysts. Burdines in Florida, Rich's in Atlanta, Bon Marche in the Pacific Northwest and Lazarus in ...
Rose's sales dip in 4 weeks. (Rose's Stores Inc. sales in April 1992) (Brief Article)
May 05, 1992 ... HENDERSON, N.C. (FNS) - Rose's Stores, Inc., said its sales for the four weeks ended April 25 declined 2.6 percent to $108,265,000 from $111,166,000, but comparable-store sales rose 3.3 percent. Total sales for ...
ACTW moves closer to strike at Brooks Bros. (Amalgamated Clothing and Textile Workers Union) (Brief Article)
May 05, 1992 ... NEW YORK - A dispute over a new contract between Brooks Bros. and 200 Amalgamated Clothing & Textile Workers Union (ACTW) members moved one step closer to a strike Monday. On Sunday, ACTW members rejected what was purported to be a "final" offer put on the table by negotiators ...
Cone may face liability of $49 mil in ESOP case. (Cone Mills Corp. may be ordered to compensate employees, for failing to contribute sufficient funds to its Employee Stock Ownership Plan)
May 05, 1992; ... WASHINGTON (FNS) - Cone Mills Corp., Greensboro, N.C., now faces a potential liability of at least $49 million in a lawsuit over its Employee Stock Ownership Plan contributions, according to a company report filed with the Securities and Exchange Commission. The $49 million is a ...
CFDA adds 15 new members. (Council of Fashion Designers of America) (Brief Article)
May 05, 1992 ... NEW YORK - The Council of Fashion Designers of America (CFDA) has unanimously elected 15 new members to the organization. New members from the men's wear industry include: Georges Marciano, chairman of the board and designer of Guess; Nicholas Graham, designer and chief ...
David Geffen is Calvin's white knight. (David Geffen acquires all outstanding debt securities of Calvin Klein Inc.)
May 06, 1992; ... NEW YORK - Entertainment tycoon David Geffen, one of Calvin Klein's closest friends, has acquired all the outstanding debt securities of Calvin Klein, Inc. Geffen told DNR Tuesday that the bonds are a personal investment and he does not contemplate turning them into equity. ...
Foreign trade, NAFTA to key AAMA meeting. (North American Free-Trade Agreement; American Apparel Manufacturers Association)
May 06, 1992; ... WASHINGTON (FNS) - When members of the American Apparel Manufacturers Association gather in Amelia Island, Fla., Thursday to begin a three-day annual convention, the potential and problems of foreign trade will be paramount in their minds. At the forefront is the still-evolving ...
Losses mount at Macy's. (R.H. Macy and Co. reports poor operating results for five weeks ending April 4, 1992)
May 06, 1992; ... NEW YORK (FNS) - R.H. Macy & Co. continued to report dismal operating results, recording a net loss of $57,380,000 and a 10.9 percent slump in comparable-store sales for the month of March. In a filing in bankruptcy court, Macy's reported sales of $487,090,000 for the five weeks ...
Trends are environmentalism, flexibility. (environmental issues become primary concern in textile printing and dyeing industry, with new emphasis on quality control and flexibility through computerization)
May 06, 1992; ... BERLIN (FNS) - "Nothing's changed in printing and dyeing technology in the past 50 years," asserted Franz Bischof, sales manager for the Austrian-based Rueff Textildruck, at the recent Interstoff in Frankfurt. As he held up the bright lavishly printed cloth for which Rueff is ...
Hear Forstmann eyeing European connection. (Forstmann and Company Inc. rumored in negotiation with European fabric producers) (Brief Article)
May 06, 1992; ... NEW YORK - Forstmann Co. is involved in explorations and negotiations with European fabric producers seeking to supplement and complement its own production, according to reliable market reports. Officials of Forstmann declined to comment on the report. Sources report ...
HC sales up 1.9% in textile fibers. (Hoechst Celanese Corp., first quarter of 1992) (Brief Article)
May 06, 1992 ... NEW YORK (FNS) - Hoechst Celanese Corp. said textile fibers sales increased in most product lines during the first quarter due to an improved economy. Sales at the fiber and film segment, which includes textile fibers, rose 1.9 percent to $689 million from $676 million. ...
SCT Yarns names 2 to new posts. (Charles Hammer promoted to vice-president of operations and Steve Roberson named vice-president of Thread Products) (Brief Article)
May 06, 1992 ... CHATTANOOGA, Tenn. - Charles Hammer has been promoted to vice-president of operations and Steve Roberson was named vice-president of Thread Product, both new positions at SCT Yarns, Inc. Hammer joined the company in ...
Raw silk imports rise in February. (February 1992) (Brief Article)
May 06, 1992 ... New York - Imports of raw silk were 140 bales in February compared with no imports during February of last year, according to statistics compiled by the International Silk Association. But deliveries of raw silk to ...
Dyeing machinery biz brisk as firms update. (U.S. textile dyers invest in modernization)
May 06, 1992; ... CHARLOTTE, N.C. - U.S textile dyers are spending money to modernize their dye houses, according to leading manufacturers of dye machinery. Generally, representatives of machinery manufacturers say the pickup in business began about late last summer and is strong enough to carry ...
W&G earnings jump 58% in first quarter. (Wilcox and Gibbs Inc. reports on first quarter profits for period ending March 31, 1992) (Brief Article)
May 06, 1992 ... NEW YORK (FNS) - Willcox & Gibbs, Inc., reported first-quarter profits jumped 57.9 percent although sales were flat. In the quarter ended March 31, earnings rose to $2,280,000, or 17 cents a share, from $1,444,000, or 11 cents, a year ago. Sales totaled $143,987,000 versus ...
Incentive sales system at issue: Brooks Bros. (management and union sales staff at Brooks Brothers Inc. unable to agree on new contract) (Brief Article)
May 06, 1992 ... NEW YORK - Replacing commissioned sales with "an incentive system" and "sales targets" is the major issue separating Brooks Bros. management and its unionized sales staff, a Brooks Bros. spokesperson said Tuesday. As previously reported, Brooks has been unable to reach agreement ...
Bidermann Industries. (Bidermann Industries USA reorganizes into two subsidiaries)
May 06, 1992; ... With the recent reorganization of Biderman Industries into two basic subsidiaries - Bidermann Shirt Group and the Hosiery Group - and the planned consolidation of all of its the various offices within the 575 Fifth Ave. building by July 1, Bill Robinson will be losing his present ...
Relax-fit jeans still hot on Coast. (West Coast denim men's wear retailers look toward relaxed-fit jeans as most important look for fall 1992)
May 06, 1992; ... LOS ANGELES - Relaxed-fit jeans continue to be the most important silhoutte for fall '92, report West Coast denim-oriented men's wear retailers. These jeans aren't as baggy as seasons gone by and retailers point out that the influence of slimmer fits being shown in Europe - ...
Disorder. (moves corporate office to New York, New York) (Brief Article)
May 06, 1992 ... * Disorder is moving its corporate offices to NYC The company's backer remains the Hong Kong company, Panaj Co., Inc., and its president, James Ross, is relocating to N.Y. Disorder now encompasses three divisions: men's, woman's and Disorder Jeans ...
Calvin's new deal. (Calvin Klein strikes deal with David Geffen to finance floundering operation; includes related article)
May 07, 1992; ... NEW YORK -- With enormous debt payments no longer hanging over their heads, Calvin Klein and Barry Schwartz are breathing a sigh of relief and say they can get on with the business at hand. "Both of us can really concentrate on our business," said Klein, who was interviewed ...
Burlington oper. net up; charges put firm in red. (Burlington Industries Equity Inc.'s beneficial effect of increased operating earnings cancelled by various special charges)
May 07, 1992 ... NEW YORK -- Burlington Industries Equity, Inc., reported a sharp improvement in operating earnings, but special charges related to a recapitalization plan and the restructuring of its carpeting operation plunged the textile giant deeply in the red in the quarter and six months ended March ...
Clock running on Magnin fate. (R.H. Macy and Company Inc.'s subsidiary, I. Magnin and Company, subject to Macy's bankruptcy status)
May 07, 1992; ... NEW YORK (FNS) -- The future of I. Magnin could be determined within the next 30 days. R.H. Macy & Co. will conduct informal discussions with creditors over the fate of the 19-unit chain within that period, according to an attorney for the retailer. The attorney, ...