Daily News Record back issues from June 1992:
May Co. to expand men's assortments; brands such as Polo and Hilfiger to be expanded, CEO Farrell tells annual meeting. (David Farrell)
Jun 01, 1992; ... ST. LOUIS -- May Co. is beefing up its men's designer and branded businesses in an effort to combat what chief executive officer David Farrell termed an "extraordinarily difficult and challenging" retail environment. Among the collections slated to be expanded are Polo, Tommy ...
OP to file chapter 11 plan within ninety days. (Ocean Pacific Sunwear Ltd.) (Brief Article)
Jun 01, 1992; ... NEW YORK (FNS) -- Ocean Pacific Sunwear Ltd. intends to file a Chapter 11 reorganization plan within 90 days, according to an OP executive. Michael G. Balmages, secretary of OP, stressed Friday that the company entered Chapter 11 to restructure debt incurred when it got out of ...
Knits shine for Sunrise. (management at Sunrise Apparel Inc.) (Brief Article)
Jun 01, 1992; ... Mark Epstein, Wayne Epstein, Mitchell Greenstein and Roger Stiefel have big plans for Sunrise Apparel, Inc., their one-and-a-half-year-old domestic knit shirt company. Sunrise was formed when the four men, all of whom used to work for Shelburne Shirt Co., bought its domestic knit division ...
State-O-Maine gets Bayou. (State-O-Maine Inc. acquires Bayou Sport) (Brief Article)
Jun 01, 1992 ... State-O-Maine, Inc., parent company of Nautica International and Van Baalen Pacific Corp., has acquired Bayou Sport, a men's classification sportswear company. The purchase ...
Saks in Short Hills. (Saks Fifth Avenue will open a store in Short Hills, New Jersey) (Brief Article)
Jun 01, 1992 ... Saks Fifth Avenue will be the third new anchor in the expanded Mall at Short Hills in Short Hills, N.J. Other new anchors will be Neiman Marcus and ...
Stuarts agreement. (Chapter 11 bankruptcy proceedings for Stuarts Department Stores Inc.) (Brief Article)
Jun 01, 1992 ... Stuarts Department Stores, Inc., said Friday it had reached an agreement with its unsecured creditors committee on a Chapter 11 reorganization plan. Unsecured ...
Farah losses. (1992 second-quarter finances for Farah Inc.) (Brief Article)
Jun 01, 1992 ... Farah, Inc., reported steeper losses in the second quarter and the six months ended May 8. The men's apparel firm lost $2,258,000 versus a loss of $1,547,000 a year earlier. Sales edged up 1.8 ...
Consumer spending up. (1992 apparel and shoe statistics) (Brief Article)
Jun 01, 1992 ... Real consumer spending on apparel and shoes during the first three months of the year increased at a seasonally adjusted annual rate of 3.6 percent above the final three months of last year, the Commerce Department said Friday. The gain for January, February and March more than ...
John Sadlier discusses: Federated's new clothing muscle. (John Sadlier, senior vice-president at Federated Merchandising)
Jun 01, 1992 ... NEW YORK--"Men don't have, and aren't spending, the money they had in the '80s," snaps John Sadlier, senior vice-president, men's and boys', Federated Merchandising, a division of Federated Department Stores. With that salvo, the seasoned retailer, who joined the operation ...
Leather's longer season. (lower, slower rate of bookings for outerwear retail business for fall 1992)
Jun 02, 1992; ... CHICAGO--It's longer lengths and longer waits for bookings in the leather outerwear business this fall. Manufacturers say in-season business will be a much bigger factor as stores are holding back on their upfront orders. "People are buying very conservatively," said ...
NKSA blasts Customs on anti-dumping rule. (National Knitwear and Sportswear Association, U.S. Customs Service, reversal on anti-dumping ruling over sweaters brought in from Taiwan Jia Farn)
Jun 02, 1992; ... WASHINGTON (FNS) -- A recent U.S. Customs Service reversal on a highly publicized anti-dumping ruling against some Taiwanese sweaters has angered the executive director of the National Knitwear and Sportswear Association. "We do not intend to sit still on this," said Seth ...
Dunhill acquires Lagerfield. (Dunhill Holdings PLC, Karl Lagerfield S.A.) (Brief Article)
Jun 02, 1992 ... PARIS -- After six months of negotiations, Dunhill Holdings PLC has officially acquired Karl Lagerfeld SA from businessman Philippe Bouriez. Lagerfeld will join Dunhill's Chloe division as designer of the women's fashion house. In the 1970s, Lagerfeld established his ...
Importers criticize trade bill. (Robert L. McNeill, Emergency Committee for American Trade executive vice-president, expresses views for the retail and import industry regarding omnibus trade bill) (Brief Article)
Jun 02, 1992; ... WASHINGTON (FNS) -- Retailers and importers have come out against an omnibus trade bill moving through the House, charging it could jeopardize free trade with Mexico and the GATT talks. While the broad measure includes a provision to modernize Customs and permit electronic ...
Name Dryburgh president of Boston Traders. (Doug Dryburgh) (Brief Article)
Jun 02, 1992 ... NEW YORK -- Doug Dryburgh has been promoted to president of Boston Traders, Inc., filling the position of Gary Cohen, who left the company earlier this year. Dryburgh, who was vice-president of sales, reports to Arnie Klein, chairman and CEO of its parent company, Boston ...
Andrews continues to run Bayou Sport. (Al Andrews) (Brief Article)
Jun 02, 1992 ... NEW YORK -- Al Andrews, former president and sole owner of Bayou Sport, will remain with the company under its new ownership. Bayou Sport, as reported in Monday's DNR, Page 4, was acquired by State-O-Maine, Inc., for an undisclosed amount. State-O-Maine is the parent company of ...
Thomson gets license for WWF label tops. (licensing agreement with Determined Productions Inc. for use of World Wildlife Fund label on casual tops)
Jun 02, 1992; ... ATLANTA--The Thomson Co. will sign a licensing agreement this month with Determined Productions to produce casual tops with an environmental theme under the World Wildlife Fund (WWF) label. The licensing agreement for WWF tops is an extension of an existing licensing agreement ...
West Coast notes. (Ocean Pacific Sunwear Ltd.'s bankruptcy)
Jun 02, 1992; ... I haven't been doing business with them for years," said Michael Rayden, owner of Pacific Sunwear stores. He's speaking of Ocean Pacific Sunwear Ltd., which filed for protection under Chapter 11 last week. Many other surf and swim shop owners echoed Rayden's reaction to the filing, ...
Strong twill demand raises import prices.
Jun 02, 1992; ... NEW YORK -- Demand for certain twills continued strong last week with imported goods continuing to move onto higher ground. This was in sharp contrast to the rest of the gray goods market, where trading was close to a standstill in both light- and heavyweight fabrics. ...
Goodyear okays plant upgrade. (Goodyear Tire & Rubber Co.'s conveyor-belt fabric plant in Cartersville, Georgia) (Brief Article)
Jun 02, 1992 ... NEW YORK -- Goodyear Tire & Rubber Co. of Akron, Ohio, has approved a $5.3 million modernization and expansion project to produce conveyor-belt fabric at its Cartersville, Ga., plant. The ...
Mystic sales rep for Stillwater men's. (Mystic Fabrics Inc. to develop, style and sell wool products for Stillwater Mills' men's wear) (Brief Article)
Jun 02, 1992 ... NEW YORK--Mystic Fabrics, Inc., here, has been designated as sales representative for men's wear apparel fabrics of Stillwater Mills, according to ...
Harwell plans to continue biz. (apparel retailer trading as Harwell, Donald Inc. files for Chapter 11 protection in effort to stay in business) (Brief Article)
Jun 02, 1992 ... BIRMINGHAM, Ala. (FNS)--Donald, Inc., a four-unit family apparel retailer trading as Harwell's, expects to file a Chapter 11 reorganization plan by the end of June. "We intend to present a plan of reorganization within the next 30 days," said Donald Harwell, president. The ...
J. Andrew Bolt promoted at Bidermann. (appointed vice-president and chief financial officer at Bidermann Industries Corp.) (Brief Article)
Jun 02, 1992 ... NEW YORK--J. Andrew Bolt has been named vice-president, chief financial officer for Bidermann Industries Corp. Bolt replaces Peter C. Kells, who has resigned and will leave the company June 12. Bolt was formerly vice-president, corporate controller since joining the ...
Rose's has $4M loss in the first quarter. (Rose's Stores Inc., $4 million, first quarter ending April 25, 1992) (Brief Article)
Jun 02, 1992 ... NEW YORK (FNS) -- Rose's Stores, Inc., reported a $3,981,000 loss on $301,053,000 sales in the first quarter ended April 25, but said it had obtained a multiyear working capital loan package from its banks. Rose's lost $538,000 on $322,835,000 sales in the same quarter a year ...
Signal records $3.1M loss. (Signal Apparel Company Inc. suffers $3.1 million loss in first quarter ending March 31, 1992) (Brief Article)
Jun 02, 1992 ... CHATTANOOGA, Tenn. (FNS) -- Signal Apparel Co., Inc., as previously projected, remained in the red in the first quarter due to start-up costs of new divisions. However, the company still expects to return to profitability in the second quarter. The activewear and women's knit ...
U.S. is evaluating NAFTA expansion. (meeting between retailers and textile and apparel industry officials over North American Free Trade Agreement) (Brief Article)
Jun 02, 1992; ... WASHINGTON (FNS) -- U.S. trade officials are evaluating a proposal by retailers to greatly expand the number of apparel products that could move without duties or quotas in the proposed North American free trade area. A group of retailers has submitted a list of about 100 ...
See strong momentum in U.S.-Mexico trade. (prediction on apparel trade by executive director of National Apparel and Textile Association, Jim Langlois) (Brief Article)
Jun 02, 1992; ... CENTURY CITY, Calif. -- "Free-trade agreement or no free-trade agreement, growth in apparel trade between the U.S. and Mexico is going to be dramatic," predicted Jim Langlois, executive director of the Seattle-based National Apparel and Textile Association (NATA). He was ...
Designers playing the dating game. (top fashion designers reschedule fashion show dates)
Jun 03, 1992; ... NEW YORK -- Many top NEW YORK designers -- including Donna Karan, Calvin Klein, Perry Ellis and Michael Kors -- moved, or are contemplating moving, their men's spring '93 show dates earlier, to the week of July 27, from the week of Aug. 17. The primary catalyst behind this is a ...
TJX to increase men's wear mix. (TJX Companies Inc. to market suits at its T.J. Maxx stores)
Jun 03, 1992; ... BOSTON (FNS)--TJX Cos. is expanding its men's wear business. At its annual meeting here Tuesday, the company said it will add men's suits to T.J. Maxx off-price stores opening in urban centers. It will also offer men's wear for the first time in the fall catalog published by its ...
P-VH losses narrowed in quarter. (Phillips-Van Heusen Corp.'s earnings report for first quarter ending May 3, 1992)
Jun 03, 1992; ... BRIDGEWATER, N.J.-- Phillips-Van Heusen reported Tuesday that it narrowed its loss for common shareholders for the first quarter ended May 3 to $2,170,000 from $2,927,000. The figures were released after the annual meeting here, in which executives expressed bullishness about ...
China, Pakistan quotas to be reduced by U.S. (import quotas for textiles and apparel goods) (Brief Article)
Jun 03, 1992; ... WASHINGTON (FNS)--The U.S. soon will reduce import quotas for both China and Pakistan following charges that manufacturers in both nation illegally transshipped apparel and textile goods to avoid American quotas, government officials confirmed Tuesday. Although they would not ...
Harvey Rubinson. (appointed vice president for finance and administration at The Greif Cos.) (Brief Article)
Jun 03, 1992 ... HARVEY RUBINSON has joined THE GREIF COS. as vice-president of finance and adminstration, according to Norman Fryman, president and chief executive officer. Rubinson, most recently senior vice-president of operations at Megastar Apparel Group, will be responsible for directing ...
Giorgio Armani and Gruppo GFT. (discussing marketing contract and joint venture) (Brief Article)
Jun 03, 1992; ... No one is talking specifics publicly, but Giorgio Armani and Gruppo GFT are negotiating a contract that could increase Armani's involvement in distribution and marketing operations as well as the possible creation of a joint venture type of company dedicated to the GFT/Armani businesses. ...
Cross Colours' parent company has changed its name from Solo Joint Inc. to Threads 4 Life Inc. (Brief Article)
Jun 03, 1992 ... * Cross Colours' parent company has changed its ...
Tops set pace. (men's shirts are best wholesale sellers for fall 1992)
Jun 03, 1992; ... NEW YORK -- Tops are driving the contemporary collection business at wholesale for fall '92. The bottoms part of this market continues to be dominated by denim and some casual chino-like pants, and that part of the market is mostly owned by the big boys of denim, the Gap and ...
Textile technology: dye producers aim at cleaner environment.
Jun 03, 1992; ... CHARLOTTE, N.C. -- Major producers of dyes and chemicals for the textile and apparel industries are waging a new battle these days: one to preserve the environment. Not only are these companies creating environmental safeguards at the front of the pipeline, say executives, but ...
Micros have finishers retool for sanding. (innovations in fabric finishing)
Jun 03, 1992; ... NEW YORK--The emergency of microdenier fabrics in apparel has placed sanding in the lime-light as a finishing process. There are several finishing techiques currently in use other than sanding. Napping, sueding and caustic reduction are also prevalent procedures. But finishing ...
Machine trouble? Talk to the 'experts.' (automation in textile machinery)
Jun 03, 1992; ... GREENVILLE, S.C. -- Ironing the kinks out of textile machinery has never been easier, say machine makers. That's because they're coming close to perfecting what they call "expert systems," devices designed to make trouble shooting a cinch. What's more, the systems and ...
Du Pont introduces new Teflon finish. (Product Announcement)
Jun 03, 1992; ... NEW YORK--Du pont introduced a new Teflon water-and stain-repellent finish for leather apparel and shoes at a presentation here Tuesday. Starting at the upper end of the market, the product for both men's and women's wear, according to Gary Spitzer, worldwide marketing manager for ...
Spain, not Portugal, may need AI technology now lacking. (Spain needs to use artificial intelligence in its textile industry to be competitive with other European Community countries) (Brief Article)
Jun 03, 1992; ... BERLIN (FNS) -- The textile industry in Spain and Portugal makes no use of artificial intelligence, and most firms are in the simple process of computerization. In Portugal, where the cost of labor is still quite low by European Community standards, the use of artificial ...
Bush extends China's MFN. (favored nation status extended until July 3, 1993) (Brief Article)
Jun 03, 1992 ... WASHINGTON (FNS) -- President Bush Tuesday night extended China's Most Favored Nation designation for another year, setting the stage for a showdown whith Congress on this vital trade concession. Bush's action, unless overturned by Congress, extends until July 3, 1993, China's ...
Dunhill Holdings net up 4.6%. (earnings report for the year ending March 31, 1992)
Jun 03, 1992; ... LONDON (FNS) -- Dunhill Holdings PLC, which this week aquired Karl Lagerfeld SA, Tuesday reported a 4.6 percent increase in after-tax profits to 48,260,000 pounds ($87,830,000 U.S.) on a 12 percent rise in sales to 254,60,000 pounds ($463.3 million) for the year ended March 31. ...
Gap eyes $5B sales by 1995. (Gap Inc. expects sales of $5 billion while doubling growth)
Jun 03, 1992; ... SAN FRANCISCO--The Gap, Inc., will double its size, reaching sales of $5 billion by 1995, Donald Fisher, Chairman and chief executive officer, projected at the annual meeting here Tuesday. The growth will come from new stores, expanding existing ones, and comparable-store sales increases ...
Greif cuts suit prices by 7%-27%.
Jun 04, 1992; ... NEW YORK -- Greif Cos. is back in the $350-suit business. In a bold across-the-board move, the $128-million tailored clothing manufacturer has slashed its spring '93 wholesale prices by 7 to 27 percent. Every label in Greif's stable has undergone a dramatic revision ...
Eastern Europe gains as poly/wool source. (polyester/worsted blends and all-worsteds provide low prices for clothing manufacturers)
Jun 04, 1992; ... NEW YORK -- Polyester/worsted blends and all-worsteds from Eastern Europe--mostly from Slovenia and Croatia--are providing less expensive fabrics for tailored clothing producers attempting to achieve lower retail price points. Several fabric importers here are bringing in ...
MFA show opens on good note. (Men's Fashion Association of America 1992 Press Show) (Brief Article)
Jun 04, 1992; ... NEW YORK -- New York City delivered the turnout the Men's Fashion Association was hoping for, as the fall '92 Press Show opened its three-day run Wednesday at the Hotel Macklowe. After eight years in Ryebrook, N.Y., and MFA show has moved to the Big Apple, and it appears that, ...
Seattle Preline still shows clout. (young men's clothing industry holiday Preline show in Seattle, Washington)
Jun 04, 1992; ... SEATTLE (FNS) -- Despite Generra Sportswear's decision to bypass this week's young men's holiday Preline, other local vendors attracted a better than expected showing of buyers from around the country. The four-day Preline, which closed Tuesday, attracted retailers such as J.C ....
Western biz doesn't want another stampede. (Western wear industry takes steps in controlling growth of industry to prevent oversaturation of market)
Jun 04, 1992; ... COLORADO SPRINGS, Colo. (FNS) -- The Western wear industry is taking steps to control its own growth in order to guard against another boom-and-bust scenario. With the Urban Cowboy debacle still fresh in their minds, retailers and manufacturers are wary that the current ...
Credit risks give makers headaches. (tailored clothing manufacturers struggle with slow-paying and non-paying department and specialty stores)
Jun 04, 1992; ... NEW YORK -- The gray cloud of credit is hanging over the fall tailored market. With it, the nagging problem of slow-paying and non-paying department and specialty stores continues to dog the industry just when there are a few positive signs to feel good about. Like ...
Farley to run WPP; Davis resigns. (William Farley named chairman and CEO of WestPoint-Pepperell Inc., Edgar E. Davis resigns) (Brief Article)
Jun 04, 1992 ... WEST POINT, Ga. (FNS) -- Edgar E. Davis has resigned as president and chief operating officer of WestPoint Pepperell, Inc., leaving William Farley, chairman and chief executive officer, to run the business. Davis left "to pursue other interests," said Farley in a press release ....
EC to investigate ICI takeover bid. (European Community; ICI Fibres division of ICI Americas Inc.) (Brief Article)
Jun 04, 1992; ... LONDON (FNS) -- The European Commission Wednesday said it will conduct a full-scale antitrust investigation into Du Pont's proposed $430 million acquisition of ICI Fibers. The investigation has to be completed within four months. The commission said its decision stems from the ...
Garan profits zoom in 2d period, 9 mos. (reports second quarter profits for period ending March 31, 1992) (Brief Article)
Jun 04, 1992 ... NEW YORK (FNS) -- Fueled by strong sales of children's wear, Garan, Inc., reported earnings more than doubled in the second quarter and in the six months ended March 31. In the quarter, earnings rose to $3,001,000, or $1.18 a share, from $1,248,000, or 50 cents, a year ago. ...
Dollar General net soars in 1st quarter. (reports earnings for first quarter ending April 30, 1992) (Brief Article)
Jun 04, 1992 ... NASHVILLE, Tenn. -- Dollar General Corp. reported earnings more than tripled in the first quarter as sales jumped 27.1 percent. In the quarter ended April 30, the discount chain earned $3,864,000, or 14 cents a share, against a profit of $1,172,000, or 5 cents, a year ago. ...
Burlington workers file class-action suit. (Burlington Industries Inc.)
Jun 04, 1992; ... WASHINGTON (FNS) -- Two Burlington Industries, Inc., employees filed a class-action suit Wednesday charging that the company, its top official along with the company's investment advisor, netted hundreds of millions of dollars at the expense of Burlington's workers. Named in ...
L.A. Joe liquidation to pay creditors 40%. (Retail Acquisition Corp. formerly doing business as L.A. Joe) (Brief Article)
Jun 04, 1992 ... CHARLESTON, W. Va. (FSN) -- Retail Acquisition Corp., formerly doing business as L.A. Joe, has obtained final court approval of a Chapter 11 liquidation plan that is expected to pay 40 percent of most unsecured claims. William F. Dobbs, Jr., of Jackson & Kelly, an attorney for ...
Bush draws fire on China status. (President George Bush's proposal for extension of China's trade benefits rejected by U.S. House and Senate members) (Brief Article)
Jun 04, 1992; ... WASHINGTON (FNS) -- President Bush's proposal to extend China's trade benefits was immediately rejected Wednesday by a coalition of House and Senate members who want to tie China's status to human rights improvements and an end to the export of prison-made goods. But having ...
Kellwood predicts $1B in volume for fiscal '92. ($1 billion)
Jun 04, 1992; ... NEW YORK (FNS) -- Calling his firm 'the clearcut leader" in the second tier of apparel suppliers, a Kellwood Co. executive said Wednesday the company should surpass $1 billion in volume in fiscal 1992. Kellwood earned $22.8 million, or $1.85 a share, in the year just ended, on ...
Neckwear's realistic season. (traditional patterns and colors are popular in men's neckties for fall '92)
Jun 05, 1992; ... NEW YORK--Neckwear's practical side is enticing buyers. Understandable fashions and value-consciousness are the talk of retailers placing fall orders. Updated classic patterns and printed jacquards are top sellers, and more-traditional men's wear ground colors are ...
Bloomie's Gould slams makers on own stores. (chairman Michael Gould criticizes clothing manufacturers who open own stores in direct competition)
Jun 05, 1992; ... NEW YORK--Michael Gould, chairman of Bloomingdale's, chastised manufacturers that become competitors by opening their own showcase stores in similar markets. Gould, ironically, made these charges Thursday at a National Retail Federation/Coopers & Lybrand conference entitled ...
Some men's items hot in May. (includes store-by-store sales results for May 1992 and related articles ranking sales of retail stores) (Brief Article)
Jun 05, 1992; ... NEW YORK (FNS)--Although cold and rainy weather dampened sales of spring and summer apparel in May, many of the nation's largest retailers nevertheless reported strength in several men's wear categories. Men's remained a strong seller at J.C. Penney Co., led by dress shirts, ...
Larry Stuart heads Warnaco tie unit. (appointed president of the Menswear Division's new Neckwear Group) (Brief Article)
Jun 05, 1992 ... NEW YORK--Larry Stuart has joined Warnaco's Menswear Division as president of the newly formed Neckwear Group. He was vice-president of marketing at Randa. No replacement has yet been named, according to Paul Rosengard, vice-president of sales at Randa. In his new ...
Wal-Mart grows in Mexico. (Wal-Mart Stores Inc.'s Club Aurrera warehouse stores) (Brief Article)
Jun 05, 1992; ... NEW YORK -- With two Club Aurrera warehouse club stores already on stream in Mexico City, Cifra, Wal-Mart's Mexican partner, is shifting into high gear with plans to open to six to eight additional units in the Mexican capital. The Club Aurrera operations are modeled after ...
Setting up for action. (Sigallo Ltd.'s coordinated tennis outfits rise in popularity) (Brief Article)
Jun 05, 1992; ... According to Steve Segal, president and chief executive officer, Sigallo Ltd., "About two years ago, when the coordinated tennis sets business began to soften, mass merchants saw individual activewear classifications suddenly generating a lot of dollars -- so much so, that they converted a ...
Look again: it's not Dockers. (Brittania Sportswear Ltd. able to utilize success of corresponding sportswear line of Levi Strauss and Co.) (Brief Article)
Jun 05, 1992; ... LOS ANGELES -- With a parent like Levi Strauss and a first cousin like Dockers, how can Brittania go wrong? According to Jim Phillips, vice-president of Brittania, Levi's "stepchild" has been able to capitalize on Dockers' legendary success "because mass merchants understand our ...
Reed st. James spreads out. (division of Haggar Apparel Co. expands boys' clothing line) (Brief Article)
Jun 05, 1992; ... DALLAS -- With a baker's dozen of licensees, Reed st. James is broadening its base with mass merchandisers. Market estimates are that volume is well above $50 million. Newest in the batch for the division of Haggar Apparel Co. is Kalikow Brothers, with blazers in addition to casual and ...
Men's designers will build biz: Saks. (new designer labels including Calvin Klein, Donna Karan, A/X, Armani Exchange and J.O.E. from Joseph Abboud hold promise for boosting Saks and Co.'s men's clothing business)
Jun 05, 1992; ... NEW YORK -- Saks Fifth Avenue is counting on four new prestigious men's designer labels to bolster its men's business. Philip Miller, vice-chairman/chief operating officer of Saks, in addressing a breakfast held by the Fashion Group International Thursday at the New York Hilton, ...