Financial
Apparel Inventories Up, Production Still Dropping
WASHINGTON -- Apparel and accessories store inventories have been growing, while apparel production continues to fall, according to latest government statistics.
"People are being very cautious about buying apparel, and I think firms are...
— Jan 19, 1994
He-Ro Group Posts Loss of $1.7M In 2nd Quarter
NEW YORK -- The He-Ro Group Ltd., which is being heavily downsized, posted a loss of $1.7 million in the second quarter ended Nov. 30 after a $1 million restructuring charge.
The charge is related to the closing of the company's moderate dress,...
— Jan 19, 1994
Conran Stores to Liquidate
NEW YORK -- Conran Stores Inc., the home-furnishings chain headed by Marvin Traub, is liquidating.
Conran's, which filed a Chapter 11 petition here Jan. 7, has received bankruptcy court approval to run going-out-of-business sales at all 14 of...
— Jan 19, 1994
Warnaco to Buy One Business, License Two From Calvin Klein
NEW YORK -- Two industry giants agreed to tie the knot Tuesday.
The Warnaco Group will acquire one business of Calvin Klein Inc. -- men's underwear -- and license the trademarks for men's accessories worldwide. Warnaco will also acquire the...
— Jan 19, 1994
Sara Lee Back in South Africa with Purchase of Kiwi Brands
CHICAGO -- Sara Lee Corp. has acquired the South African company Kiwi Brands Ltd. and its subsidiary companies. In 1986, the company divested itself of Kiwi brands, then called Nicholas Kiwi Ltd., in response to economic sanctions imposed against...
— Jan 19, 1994
Means Says Take the Global Plunge
NEW YORK -- Retailers considering operations outside the United States need to go into other markets with a focused, aggressive global strategy -- not with a toe-in-the-water mentality.
That's the message from Grady E. Means, managing partner...
— Jan 19, 1994
Business Slump Cuts Price Tag on Kayser-Roth
NEW YORK -- The purchase price of Kayser-Roth Corp. has been lowered by $63 million to $170 million because of a downturn in Kayser-Roth's business.
Legwear Acquisition Corp., representing Grupo Synkro SA de CV and a group of Mexican investors,...
— Jan 19, 1994
