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News Archive

American Apparel Announces Information Regarding Fourth Quarter 2009 Earnings Conference Call

American Apparel, Inc. (NYSE Amex: APP) today announced that it plans to report its fourth quarter 2009 financial results on Thursday, March 25, 2010 after the market close. The company also plans to hold a conference call to discuss its financial results in detail at 5:00 p.m. ET/2:00 p.m. PT.

A live web cast of the conference call will be available in the investor relations section of the company’s website at http://investors.americanapparel.net.

In addition, a replay of the call will be available from March 25, 2010 through April 1, 2010. To access the telephone replay, participants should dial (877) 660 -6853. The account number is 3055 and the conference ID number is 347359. An online archive of the webcast will be available within two hours of the conclusion of the call and will remain available through April 25, 2010.

About American Apparel

American Apparel is a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel based in downtown Los Angeles, California. As of December 31, 2009, American Apparel employed approximately 10,000 people and operated over 280 retail stores in 20 countries, including the United States, Canada, Mexico, Brazil, United Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, the Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan, South Korea, and China. American Apparel also operates a leading wholesale business that supplies high quality T-shirts and other casual wear to distributors and screen printers. In addition to its retail stores and wholesale operations, American Apparel operates an online retail e-commerce website at http://www.americanapparel.com.

DSW Inc. Reports 2009 Fourth Quarter and Year-End Financial Results; Provides 2010 Annual Outlook

DSW Inc. (NYSE: DSW), a leading branded footwear specialty retailer, announced net income of $13.4 million on net sales of $402.6 million for the fourth quarter ended January 30, 2010, compared with a net loss of $7.5 million on net sales of $348.2 million for the fourth quarter ended January 31, 2009. Same store sales increased 12.9% versus a decrease of 7.2% last year.

Diluted earnings per share were $0.30 for the fourth quarter of fiscal 2009 compared with a diluted loss per share of $0.17 for the same period last year.

For full details, visit their site.

Retail Ventures, Inc. Reports Fourth Quarter and Year End Sales

Retail Ventures, Inc. announced today sales from continuing operations, which represents sales of DSW Inc. (DSW) only, for the thirteen weeks ended January 30, 2010 increased 15.6% to $402.6 million from $348.2 million for the thirteen weeks ended January 31, 2009. The company's same store sales increased 12.9% for the comparable thirteen week period versus a 7.2% decrease in the prior year.

Sales from continuing operations for the fifty-two weeks ended January 30, 2010 increased 9.5% to $1.60 billion from $1.46 billion for the fifty-two weeks ended January 31, 2009. Same store sales increased 3.2% for the comparable fifty-two week period versus a 5.9% decrease in the prior year.

Retail Ventures, Inc. is a holding company whose subsidiary, DSW, is a leading United States branded footwear specialty retailer operating, as of January 30, 2010, 305 shoe stores in 39 states. DSW also supplies shoes, under supply agreements, to 356 locations and operates dsw.com. On April 21, 2009 Retail Ventures, Inc. sold all of the outstanding capital stock of Filene's Basement, Inc. and certain related entities (Filene's Basement) to an unrelated party. The results of the Filene's Basement operations are excluded from the above results.

Phillips-Van Heusen Corporation to Acquire Tommy Hilfiger B.V.

Will Create One Of World’s Largest And Most Profitable Apparel Companies

Expected To Accelerate International Growth And Be Immediately Accretive To EPS Before One-Time Costs And Accounting Charges

Phillips-Van Heusen Corporation (NYSE: PVH) today announced a definitive agreement for PVH to acquire Tommy Hilfiger B.V., which is controlled by funds affiliated with Apax Partners L.P., for total consideration of €2.2 billion (approximately $3.0 billion) plus the assumption of €100 million in liabilities. The consideration includes €1.924 billion in cash and €276 million in PVH common stock. The combination will create one of the world’s largest and most profitable apparel companies; a global business with combined revenue of approximately $4.6 billion.

PVH expects the transaction to be immediately accretive to earnings per share before one-time costs and accounting charges. PVH expects earnings accretion of $0.20 to $0.25 per share on a non-GAAP basis in the 2010 fiscal year ending January 30, 2011 and earnings accretion of $0.75 to $1.00 per share in the 2011 fiscal year ending January 29, 2012. The 2010 earnings accretion estimate excludes one-time cash integration costs and transaction expenses of approximately $100 million related to the transaction, or approximately $1.00 per share. PVH expects to realize approximately $40 million of annualized cost synergies in the transaction.

The closing of the transaction is subject to receipt of financing and other customary conditions, including receipt of required regulatory approvals, which PVH does not anticipate difficulty in obtaining. The transaction does not require a PVH stockholder vote and is expected to close during PVH’s fiscal 2010 second quarter.

Read more news about the plans for Phillips-Van Heusen Corporation to Acquire Tommy Hilfiger B.V. here on the Fashion Newspaper or visit their company website.

bebe stores, inc. Announces Quarterly Dividend

 

bebe stores, inc. (Nasdaq:BEBE) announced that its Board of Directors declared bebe’s quarterly cash dividend of $0.025 per share. The dividend is payable on April 20, 2010 to shareholders of record at the close of business on April 6, 2010.

bebe stores, inc. designs, develops and produces a distinctive line of contemporary women’s apparel and accessories, which it markets under the bebe, BEBE SPORT, bbsp, 2b bebe and PH8 brand names. bebe currently operates 304 stores, of which 214 are bebe stores, 56 are PH8 stores, 33 are 2b bebe stores and 1 is a bebe accessories store. These stores are located in the United States, U.S. Virgin Islands, Puerto Rico and Canada. In addition, there is an online store at www.bebe.com.

Ann Taylor Reports Strong Fiscal Fourth Quarter 2009 Results

Ann Taylor Stores Corporation today reported results for the fiscal fourth quarter and full year of 2009, ended January 30, 2010, and provided an outlook for the first quarter and full year of fiscal 2010.

For the fourth quarter of 2009, the Company reported earnings per diluted share of $0.05, excluding after-tax restructuring charges of $0.05
per diluted share, compared with a net loss per diluted share of $1.03 in the fourth quarter of 2008, excluding after-tax restructuring, goodwill and asset impairment charges totaling $5.63 per diluted share. On a GAAP basis, including the aforementioned restructuring and impairment charges, earnings per diluted share were breakeven in the fourth quarter of 2009, compared with a loss per diluted share of $6.66 in the fourth quarter of 2008.
For the full report, please visit thier website.

VF To Present at Bank of America Merrill Lynch Consumer Conference

VF Corporation (NYSE: VFC) today announced that Bob Shearer, Senior Vice President and Chief Financial Officer, will present on behalf of VF Corporation at the Bank of America Merrill Lynch Consumer Conference on Wednesday, March 10 at 2:40 p.m. EST in New York City.

The presentation will be broadcast simultaneously on the Internet and can be accessed via the VF website at http://www.vfc.com.

About VF

VF Corporation is a global leader in branded lifestyle apparel with more than 30 brands, including Wrangler®, The North Face®, Lee®, Vans®, Nautica®, 7 For All Mankind®, Eagle Creek®, Eastpak®, Ella Moss®, JanSport®, lucy®, John Varvatos®, Kipling®, Majestic®, Napapijri®, Red Kap®, Reef®, Riders® and Splendid®.

VF Corporation's press releases, annual report and other information can be accessed through the Company's home page, www.vfc.com.

Alpha Pro Tech, Ltd. Announces Fourth Quarter and Full Year Financial Results for the Period Ended December 31, 2009 : Summary

  • Fourth quarter 2009 revenue increased by 107.3% to a record $18.9 million from $9.1 million in the 2008 fourth quarter, led by a 254.3% increase in Infection Control sales, a 124.0% increase in Building Supply sales and a 31.1% increase in Disposable Protective Apparel sales.
  • Revenue for 2009 increased by 66.8% to a record $59.7 million from $35.8 million in 2008, with record annual revenues for all product segments.
  • Net income increased 1,098.6% for the three months ended December 31, 2009 to a record $3.5 million, compared to net income of $0.3 million for the three months ended December 31, 2008.
  • Net income increased 478.1% for 2009 to a record $9.0 million, compared to net income of $1.6 million for 2008.
  • Inventory increased by $1.0 million, or 8.6%, to $13.1 million as of

    December 31, 2009 from December 31, 2008. The increase was primarily due to an increase in inventory for the Infection Control segment as the result of a significant increase in sales, partially offset by a decrease in inventory for the Building Supply segment.

    For more info on results see their website..

    Alpha Pro Tech, Ltd. is the parent company of Alpha Pro Tech, Inc. and Alpha ProTech Engineered Products, Inc. Alpha Pro Tech, Inc. develops, manufactures and markets innovative disposable and limited-use protective apparel products for the industrial, clean room, medical and dental markets. Alpha ProTech Engineered Products, Inc. manufactures and markets a line of construction weatherization products, including building wrap and roof underlayment. The Company has manufacturing facilities in Salt Lake City, Utah; Nogales, Arizona; Janesville, Wisconsin; Valdosta, Georgia; and a joint venture in India. For more information and copies of all news releases and financials, visit Alpha Pro Tech's Website at http://www.alphaprotech.com.
  • Dillard's, Inc. Declares Cash Dividend Payable May 2010

    Dillard's, Inc. (DDS-NYSE) (the "Company") announced today that the Board of Directors declared a cash dividend of 4 cents per share on the Class A and Class B Common Stock of the Company payable May 3, 2010 to shareholders of record as of March 31, 2010.

    Macy’s, Inc. Same-Store Sales up 3.7 Percent in February 2010

    Macy’s, Inc. (NYSE:M) today reported total sales of $1.641 billion for the four weeks ended Feb. 27, 2010, an increase of 4.0 percent compared with total sales of $1.577 billion in the four weeks ended Feb. 28, 2009. On a same-store basis, Macy’s, Inc. sales were up 3.7 percent in February.

    Online sales (macys.com and bloomingdales.com combined) were up 38.0 percent in February. Online sales are included in the same-store sales calculation for Macy’s, Inc.

    “Sales performance was strong at both Macy’s and Bloomingdale’s in February, despite a series of winter storms that affected store operations in some of our largest markets during key selling periods of the month. If not for the storms, we estimate that our February same-store sales would have been up by approximately 5 percent,” said Terry J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc. “We are encouraged by continuing progress and results from the My Macy’s localization initiative and we are well prepared to maintain the momentum with exciting and fresh merchandise for the spring season.

    “We also are very pleased at how well our online business continues to perform. Our investments in fulfillment and web navigation infrastructure over the past several years, along with our new in-store point-of-sale systems, are allowing us to fulfill our multichannel strategy for holistically serving customers who shop Macy’s and Bloomingdale’s stores as well as online,” Lundgren said.

    Members of Macy’s, Inc. senior management will be featured speakers at the Bank of America and Merrill Lynch Consumer Conference in New York City, scheduled for 8 a.m. ET on Thursday, March 11, 2010. Media and investors may access the live audio Webcast at www.macysinc.com/ir, beginning at 8 a.m. ET. The webcast will also be available for replay.

    Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2009 sales of $23.5 billion. The company operates about 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale's. The company also operates macys.com and bloomingdales.com. Prior to June 1, 2007, Macy’s, Inc. was known as Federated Department Stores, Inc.

    The Wet Seal, Inc. Announces February Comparable Store Sales Increased 4.7 Percent

    The Wet Seal, Inc. (Nasdaq: WTSLA), a leading specialty retailer to young women, reported net sales and comparable store sales for the four-week period ended February 27, 2010, or fiscal February, as follows:

    “We were pleased with our positive comparable store sales results at both Wet Seal and Arden B despite the severe weather that affected the eastern United States for several days in February.”

         

    Net Sales

          Comparable Store Sales

    % Change

    $ in Millions

       

    % Change From
    Last Year

    This Year

       

    Last Year

    Wet Seal $ 35.8     7.3 % 3.4 %     -5.6 %
    Arden B   6.9     7.6 % 12.4 %     -11.5 %
    Total $ 42.7     7.4 % 4.7 %     -6.6 %
     

    American Eagle Outfitters Declares Quarterly Cash Dividend

    American Eagle Outfitters, Inc. (NYSE: AEO) announced a quarterly cash dividend of $0.10 per share, marking the company’s 23rd consecutive quarterly dividend. The dividend is payable on April 9, 2010 to stockholders of record at the close of business on March 29, 2010.

    American Eagle Outfitters, Inc., through its subsidiaries, (“AEO, Inc.”) offers high-quality, on-trend clothing, accessories and personal care products at affordable prices. The American Eagle Outfitters® brand targets 15 to 25 year old girls and guys, with 939 stores in the U.S. and Canada and online at www.ae.com. aerie® by american eagle offers Dormwear® and intimates collections for the AE® girl, with 137 standalone stores in the U.S. and Canada and online at www.aerie.com. MARTIN + OSA® provides clothing and accessories for 28 to 40 year old men and women at its 28 stores and online at www.martinandosa.com. The latest brand, 77kids™ by american eagle™, is available online only at www.77kids.com. 77kids offers “kid cool,” durable clothing and accessories for kids ages two to 10. AE.COM®, the online home of the brands of AEO, Inc. ships to more than 60 countries worldwide.

    Delta Apparel Raises Fiscal 2010 Sales and Earnings Guidance

    Delta Apparel, Inc. announced that the Company is raising its expectations of net sales and earnings for its 2010 fiscal year ending July 3, 2010.

    “Sales trends in each of our business units continue to be strong as we proceed through the second half of the fiscal year”

    For the full fiscal year 2010, the Company now expects net sales of $395 to $400 million compared to its prior guidance of net sales of $375 to $385 million. Earnings are now expected to be in the range of $1.20 to $1.30 per diluted share compared to the Company’s prior guidance of diluted earnings of $0.95 to $1.10 per share.

    “Sales trends in each of our business units continue to be strong as we proceed through the second half of the fiscal year,” commented Robert W. Humphreys, Chairman and Chief Executive Officer. “Gross margins are exceeding our original target, driven by manufacturing efficiencies at the company-owned facilities and a favorable shift in product mix. We continue to utilize the strengths of each of our businesses to enhance top-line growth and leverage our operating platform. We are encouraged by our recent performance and believe we are well positioned to capitalize on the many long-term growth opportunities that still lie ahead for Delta Apparel, Inc.”

    While the Company remains concerned about the U.S. economy, it believes it has taken into consideration the heightened risk factors associated with the current economic climate. Significant deterioration in the economy could, however, negatively impact the Company’s ability to achieve its expectations.

    About Delta Apparel, Inc.

    Delta Apparel, Inc., along with its operating subsidiaries, M. J. Soffe, LLC, Junkfood Clothing Company, To The Game, LLC, and Art Gun, LLC, is an international design, marketing, manufacturing, and sourcing company that features a diverse portfolio of high quality branded and private label activewear apparel and headwear. The Company specializes in selling a variety of casual and athletic products through most distribution channels for these types of goods. Its products are sold to specialty and boutique shops, upscale and traditional department stores, mid-tier retailers, sporting goods stores, screen printers, and private label accounts. In addition, certain products are sold to college bookstores and to the U.S. military. Through its newest acquisition, Art Gun, LLC, the Company provides shoppers a “virtual art studio” to create customized graphics on apparel products.

    In 2009 Anvil Knitwear Teamed Up with the Fashion Designer Vivienne Westwood to Design a Limited Edition T-Shirt to Promote REDD+, a UN Conservation Effort

    Research and Markets has announced the addition of Textiles Intelligence's new report "Profile of Anvil Knitwear: An Environmentally Responsible Apparel Supplier" to their offering.

    “Profile of Anvil Knitwear: An Environmentally Responsible Apparel Supplier”

    Anvil Knitwear is a USA-based apparel supplier with a long-standing commitment to sustainability. Indeed, the principle of sustainability is incorporated into every aspect of the company's business from product design to manufacturing and distribution. Since the company was established in 1976 as a maker of T-shirts, it has expanded its product range and now specialises in the design, manufacture, marketing and distribution of activewear and accessories for the imprinted or decorated segment of the apparel industry. Its products also include headwear, tote bags, towels and bath robes. Throughout this expansion, the company has supported environmental initiatives by promoting the conversion of acreage from conventional cotton to organic cotton and the recycling of plastic beverage bottles. It also supports good causes, having donated money to breast cancer research and helped to fund the building of homes in rural Nicaragua.

    In 2007 Anvil launched a range of activewear made from eco-friendly fabrics, including organic cotton and recycled polyester. Since then it has been filling a gap in an increasingly eco-conscious marketplace. In 2009 it teamed up with the fashion designer Vivienne Westwood to design a limited edition T-shirt to promote REDD+ (Reducing Emissions from Deforestation and Degradation) a UN conservation effort aimed at stopping the greenhouse gas emissions associated with deforestation. Also in 2009 the company launched TrackMyT.com, a web site which enables users to track the origins of their T-shirts and the processes used for their manufacture.

    Financially, times have not always been easy for Anvil. At the end of 2006, faced with competition from firms which had moved their manufacturing operations to low cost countries, the company was forced to apply for protection from its creditors under Chapter 11 of the US bankruptcy code. But by the beginning of the following year, it had succeeded in restructuring its debt-laden balance sheet and eliminating approximately US$200 mn in debt. Going forward, with a more secure financial position, the company will continue to focus its efforts on minimising the impact of its operations on the environment and thereby maintain its status as one of the apparel industry's most environmentally friendly and socially responsible companies.

    Key Topics Covered:

    • SUMMARY
    • INTRODUCTION
    • COMPANY DEVELOPMENT
    • PRODUCTS
    • Sustainable apparel range
    • AnvilOrganic
    • AnvilRecycled
    • AnvilSustainable
    • PRODUCT MANUFACTURE
    • Sustainability initiatives
    • Participation in organisations supporting sustainability
    • COLLABORATIVE VENTURES
    • DISTRIBUTION
    • CONCLUSIONS
    • List of figures
    • Figure 1: AnvilOrganic Charity Pink T-shirt
    • Figure 2: AnvilOrganic toddler size T-shirt
    • Figure 3: AnvilSustainable men's and women's T-shirts
    • Figure 4: TrackMyT.com web site

    For more information visit http://www.researchandmarkets.com/research/707275/profile_of_anvil_k

    Thank you for reading this fashion news on the Fashion Newspaper.

    StyleMouse Scurries into Fashion Videos

    Through the immediacy of the “Information Age,” including the immediacy of email/the computer era, DVR capability, online shopping, and beyond, today's consumers have certainly adapted shorter attention spans. This fast-paced lifestyle coupled with shorter attention spans has made traditional advertising less effective than in years past. Today's consumers are bombarded with countless messages and advertisements via traditional methods such as television and magazines, but online advertising has created just another venue for more messages to reach the already busy consumer/computer user.

    Online fashion industry guide Apparel Search believes the time is right for traditional advertising to receive an upgrade. The company announces the upcoming launch of www.ApparelSearch.com/StyleMouse, a truly innovative form of video advertising, which incorporates an online retail strategy that engages and excites viewers. It enables video viewers to conduct product searches and make purchases directly via the fashion video with the click of a mouse.

    The allure of StyleMouse is that it provides interactive clickable video, which enables viewers to watch a StyleMouse fashion episode and actually click on various locations within the video to learn more about the products featured. If, for example, the model in the video is wearing a stylish Armani t-shirt, the viewer can simply click on the shirt to immediately get an opportunity/direct link to either purchase the product or be guided to a location where they can learn more about the product or company.

    StyleMouse” is an original and fully interactive fashion/lifestyle series. During each episode, the glamorous hosts Ty and Ash, discover the very best in affordable fashion and style. But more than just showing the viewer a shop window, StyleMouse, offers the viewer an opportunity to make a purchase directly through the video. A spokesperson for StyleMouse says, “It is as though we have turned our video into a retail store through which the viewer can push a shopping cart and actually purchase your product.”

    For more information, visit: www.ApparelSearch.com/StyleMouse  

    Bus Stop 31Productions and Apparel Search are partner on the StyleMouse video project.

    About Apparel Search:

    Apparel Search is one of the largest and fastest growing online guides to the apparel and textile industry. It provides valuable resources that aid industry professionals in efficiently and effectively completing daily tasks. Simple to follow navigation provides viewers with easily accessible links to all apparel, fashion, and textile related issues.  ApparelSearch.com is a business to business database that which covers all aspects of the clothing industry. This unique service is achieved through the use of cutting-edge computer technology and a global computer network. Our online database is the industries premier buyers guide.

    Bus Stop 31Productions is a leading producer of branded digital entertainment that takes full advantage of the unique capabilities of the Web. Utilizing the innovative “click and buy” technology, Bus Stop 31 offers constant and complete integration between the content and the consumer. Bus Stop 31 produces engaging programming that allows viewers to purchase everything they are seeing - in real time- as the program unfolds.

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