Wednesday, January 24, 2007
Thursday, December 21, 2006
Santorini related to Atlantis ?
According to my research on Santorini having relation with Atlantis, I came to know that in the year 1966 at Akroteri, a city was found on Santorini, archeologist James Maber Jr. thought that this is the lost Atlantis, the reason behind thinking of Atlantis, is when the carbon dating system was used, he found out that the city was buried by a volcano eruption, which dated around 1550 BC to 1500 BC and their Atlantis name croped up.
Some scholar rubbish this radiocarbon dating, some support it. Santorini is related to Atlantis or not, this story is in circulation for long-long time and have been passed from generation to generation, that an island was present, which was magical, divine in nature and very advance, named Atlantis.
As this was pass on orally, their were no written literature, but
during the time of Plato, the great Greek philosopher, wrote the story about Atlantis, around 375 BC. He penned the entire story, which came down from forefathers to father then to their sons.
People are divided in this issue, many says Atlantis is mythical, some
says it is extraterrestrial and some says it never existed.
Some day the truth will be out to the world, very soon.
Some scholar rubbish this radiocarbon dating, some support it. Santorini is related to Atlantis or not, this story is in circulation for long-long time and have been passed from generation to generation, that an island was present, which was magical, divine in nature and very advance, named Atlantis.
As this was pass on orally, their were no written literature, but
during the time of Plato, the great Greek philosopher, wrote the story about Atlantis, around 375 BC. He penned the entire story, which came down from forefathers to father then to their sons.
People are divided in this issue, many says Atlantis is mythical, some
says it is extraterrestrial and some says it never existed.
Some day the truth will be out to the world, very soon.
Saturday, October 28, 2006
David Kohler elected to Interface Inc BoD
Interface, Inc., a worldwide floorcoverings and fabrics company, today announced the election of David Kohler to its board of directors. (This addition brings the total members of the Company's board of directors to 11, of which 9 are independent directors.) Mr. Kohler, age 40, is Group President of the Kitchen and Bath Group for Kohler Co., a global leader in the manufacture of kitchen and bath products, tile, cabinetry, engines and power generation systems, and an owner/operator of golf and spa destinations.
Mr. Kohler was previously a chairman of the National Kitchen and Bath Association's Board of Governors of Manufacturing. He is currently a member of the board of Kohler Co., and has previously served on the board of Menasha Corporation, a privately-held manufacturer. In 2004, he was named one of Builder Magazine's 50 Most Influential People in Home Building. Mr. Kohler holds a Master's degree in management from the Kellogg Graduate School of Management at Northwestern University, and a Bachelor's degree in political science from Duke University.
Daniel T. Hendrix, President and Chief Executive Officer, commented, "We are very pleased to welcome David to Interface's board of directors. His extensive experience in designing, manufacturing and marketing products for the consumer products and homebuilding markets, throughout North America and Asia, will be very valuable to our company as we continue to build our business. We look forward to his contributions."
Interface, Inc. is a recognized leader in the worldwide interiors market, offering floorcoverings and fabrics. The Company is committed to the goal of sustainability and doing business in ways that minimize the impact on the environment while enhancing shareholder value.
The Company is the world's largest manufacturer of modular carpet under the InterfaceFLOR, FLOR, Heuga and Bentley Prince Street brands, and, through its Bentley Prince Street brand, enjoys a leading position in the high quality, designer-oriented segment of the broadloom carpet market. The Company's InterfaceFabric business is a leading producer of interior fabrics and upholstery products, which it markets under the Guilford of Maine, Chatham and Terratex brands, and provides specialized automotive textile solutions.
Source : Interface, Inc.
Mr. Kohler was previously a chairman of the National Kitchen and Bath Association's Board of Governors of Manufacturing. He is currently a member of the board of Kohler Co., and has previously served on the board of Menasha Corporation, a privately-held manufacturer. In 2004, he was named one of Builder Magazine's 50 Most Influential People in Home Building. Mr. Kohler holds a Master's degree in management from the Kellogg Graduate School of Management at Northwestern University, and a Bachelor's degree in political science from Duke University.
Daniel T. Hendrix, President and Chief Executive Officer, commented, "We are very pleased to welcome David to Interface's board of directors. His extensive experience in designing, manufacturing and marketing products for the consumer products and homebuilding markets, throughout North America and Asia, will be very valuable to our company as we continue to build our business. We look forward to his contributions."
Interface, Inc. is a recognized leader in the worldwide interiors market, offering floorcoverings and fabrics. The Company is committed to the goal of sustainability and doing business in ways that minimize the impact on the environment while enhancing shareholder value.
The Company is the world's largest manufacturer of modular carpet under the InterfaceFLOR, FLOR, Heuga and Bentley Prince Street brands, and, through its Bentley Prince Street brand, enjoys a leading position in the high quality, designer-oriented segment of the broadloom carpet market. The Company's InterfaceFabric business is a leading producer of interior fabrics and upholstery products, which it markets under the Guilford of Maine, Chatham and Terratex brands, and provides specialized automotive textile solutions.
Source : Interface, Inc.
Monday, October 02, 2006
Polymer Group Inc declares Management Changes
Polymer Group, Inc. announced that James Schaeffer is no longer chief executive officer of the company. William Hewitt, chairman of the board of directors of the company since April 2003 and a director since March 2003, will serve as interim chief executive officer.
Hewitt, who has significant experience in various executive and director- level positions with public companies, will be assisted in leading the company by an operating committee consisting of three of PGI's senior executives. They are Michael Hale, vice president and general manager, U.S. Nonwovens; Fernando Espinosa, vice president and general manager, Latin America; and Willis "Billy" Moore III, vice president and chief financial officer.
PGI will launch a search for a successor to lead the global nonwovens company and continue its growth. The search will focus on executives who can continue the positive momentum built by PGI over the past three and one-half years.
"PGI has a strong management team that has worked hard to ensure we have the proper strategies and initiatives in place to grow and succeed in the long-term," Hewitt said. "We have a broad base of industry veterans who have been the backbone of our success to date and will be the foundation of our success going forward."
"This company has improved remarkably since I became involved three and a half years ago," Hewitt continued. "During this period, PGI has significantly improved its balance sheet and recorded successive increases in annual sales to $948.8 million for fiscal 2005. Additionally, PGI has successfully positioned itself to be able to realize a vision of becoming the leader in its industry. By no means will this event change our commitment to our mission and vision or our commitment to our employees, customers, suppliers and shareholders."
As previously announced on August 11, 2006 and as disclosed in the Company's Form 10-Q for the quarterly period ended July 1, 2006, the Audit Committee of the Board began an internal investigation and engaged special counsel to assist it with the investigation of certain transactions between the Company and an equipment supplier and related matters. In particular, the investigation focused on uncertainties regarding the economic substance of 4.0 million Euros in cash proceeds to be received under the terms of two settlement agreements entered into by the Company with the equipment supplier during the quarter ended July 1, 2006, the relationship of those agreements with other services agreed to be purchased by the Company from this equipment supplier, and drafts of other contracts being negotiated with this equipment supplier. As a result of such uncertainties, the Company concluded that the appropriate accounting treatment under generally accepted accounting principles was to defer recognition of any and all income associated with the settlement agreements until such uncertainties were resolved. Therefore, no financial statement recognition was attributed to the settlement agreements by the Company as of and for the three and six month periods ended July 1, 2006.
As a result of the investigation, it was determined that the relationship of the settlement agreements to other services agreed to be purchased by the Company from the equipment supplier and other contracts being negotiated with the equipment supplier appear not to have been fully or fairly reported to the Company's Chief Financial Officer, other members of management of the Company responsible for the preparation of the Company's financial statements, and the Board.
After being advised of these circumstances, the Board determined that it no longer had confidence in the ability of Mr. Schaeffer to continue in his capacity as CEO and Board member and asked for his resignation. Pending receipt of his resignation, the Board has relieved Mr. Schaeffer of his duties as CEO. Mr. Schaeffer does not hold a position on any Committee of the Board. The Board also asked for the resignation of James Snyder, Vice President of Global Purchasing, whose activities were also included in the investigation, and pending receipt of his resignation, the Board has relieved him of his duties as an officer of the Company.
With respect to the financial statement recognition attributed to the settlement agreements, the results of the investigation further confirm the appropriateness of the accounting conclusions previously reached by the Company as described above and as more fully detailed in Note 18 to the Company's Form 10-Q for the quarterly period ended July 1, 2006. Accordingly, the Company has concluded that the financial statements for all prior periods fairly present, in all material respects, the financial condition and results of operations of the Company, and that no restatement of any such prior period financial statements is required.
Hewitt's previous management positions include president and CEO of The Union Corporation (NYSE), a leading credit and receivables management firm that was sold in 1998 to Outsourcing Solutions Inc. Prior to The Union Corporation, he was a founder and executive vice president of First Manhattan Consulting Group, which serves the financial services industry; a founding vice president of ROI Consulting, where he managed large technology projects; and a department manager and large project manager at TRW. He is currently board chairman of Global Vantedge and has been a member of the board of directors of Rexene Chemical (NYSE), OSI, and Zibex.
Polymer Group, Inc., one of the world's leading producers of nonwovens, is a global, technology-driven developer, producer and marketer of engineered materials. With the broadest range of process technologies in the nonwovens industry, PGI is a global supplier to leading consumer and industrial product manufacturers. The company operates 22 manufacturing facilities in 10 countries throughout the world.
Courtesy : Polymer Group, Inc.
Hewitt, who has significant experience in various executive and director- level positions with public companies, will be assisted in leading the company by an operating committee consisting of three of PGI's senior executives. They are Michael Hale, vice president and general manager, U.S. Nonwovens; Fernando Espinosa, vice president and general manager, Latin America; and Willis "Billy" Moore III, vice president and chief financial officer.
PGI will launch a search for a successor to lead the global nonwovens company and continue its growth. The search will focus on executives who can continue the positive momentum built by PGI over the past three and one-half years.
"PGI has a strong management team that has worked hard to ensure we have the proper strategies and initiatives in place to grow and succeed in the long-term," Hewitt said. "We have a broad base of industry veterans who have been the backbone of our success to date and will be the foundation of our success going forward."
"This company has improved remarkably since I became involved three and a half years ago," Hewitt continued. "During this period, PGI has significantly improved its balance sheet and recorded successive increases in annual sales to $948.8 million for fiscal 2005. Additionally, PGI has successfully positioned itself to be able to realize a vision of becoming the leader in its industry. By no means will this event change our commitment to our mission and vision or our commitment to our employees, customers, suppliers and shareholders."
As previously announced on August 11, 2006 and as disclosed in the Company's Form 10-Q for the quarterly period ended July 1, 2006, the Audit Committee of the Board began an internal investigation and engaged special counsel to assist it with the investigation of certain transactions between the Company and an equipment supplier and related matters. In particular, the investigation focused on uncertainties regarding the economic substance of 4.0 million Euros in cash proceeds to be received under the terms of two settlement agreements entered into by the Company with the equipment supplier during the quarter ended July 1, 2006, the relationship of those agreements with other services agreed to be purchased by the Company from this equipment supplier, and drafts of other contracts being negotiated with this equipment supplier. As a result of such uncertainties, the Company concluded that the appropriate accounting treatment under generally accepted accounting principles was to defer recognition of any and all income associated with the settlement agreements until such uncertainties were resolved. Therefore, no financial statement recognition was attributed to the settlement agreements by the Company as of and for the three and six month periods ended July 1, 2006.
As a result of the investigation, it was determined that the relationship of the settlement agreements to other services agreed to be purchased by the Company from the equipment supplier and other contracts being negotiated with the equipment supplier appear not to have been fully or fairly reported to the Company's Chief Financial Officer, other members of management of the Company responsible for the preparation of the Company's financial statements, and the Board.
After being advised of these circumstances, the Board determined that it no longer had confidence in the ability of Mr. Schaeffer to continue in his capacity as CEO and Board member and asked for his resignation. Pending receipt of his resignation, the Board has relieved Mr. Schaeffer of his duties as CEO. Mr. Schaeffer does not hold a position on any Committee of the Board. The Board also asked for the resignation of James Snyder, Vice President of Global Purchasing, whose activities were also included in the investigation, and pending receipt of his resignation, the Board has relieved him of his duties as an officer of the Company.
With respect to the financial statement recognition attributed to the settlement agreements, the results of the investigation further confirm the appropriateness of the accounting conclusions previously reached by the Company as described above and as more fully detailed in Note 18 to the Company's Form 10-Q for the quarterly period ended July 1, 2006. Accordingly, the Company has concluded that the financial statements for all prior periods fairly present, in all material respects, the financial condition and results of operations of the Company, and that no restatement of any such prior period financial statements is required.
Hewitt's previous management positions include president and CEO of The Union Corporation (NYSE), a leading credit and receivables management firm that was sold in 1998 to Outsourcing Solutions Inc. Prior to The Union Corporation, he was a founder and executive vice president of First Manhattan Consulting Group, which serves the financial services industry; a founding vice president of ROI Consulting, where he managed large technology projects; and a department manager and large project manager at TRW. He is currently board chairman of Global Vantedge and has been a member of the board of directors of Rexene Chemical (NYSE), OSI, and Zibex.
Polymer Group, Inc., one of the world's leading producers of nonwovens, is a global, technology-driven developer, producer and marketer of engineered materials. With the broadest range of process technologies in the nonwovens industry, PGI is a global supplier to leading consumer and industrial product manufacturers. The company operates 22 manufacturing facilities in 10 countries throughout the world.
Courtesy : Polymer Group, Inc.
Saturday, September 09, 2006
True Religion Apparel to Open 2nd Los Angeles Store on N. Robertson Boulevard
True Religion Apparel Inc announced the continued retail expansion for its growing lifestyle apparel collection with the signing of a new store lease in Los Angeles. This will be the second True Religion Brand Jeans store to open in the Los Angeles area following the December 2005 opening in Manhattan Beach.
This new store will be located on arguably the trendiest street in Los Angeles - N. Robertson Boulevard. Described as "the Mecca for hip Los Angeles," N. Robertson Boulevard houses such high-end boutiques as Madison, Lisa Kline, Nanette Lepore, MAC, Maxfield Blue, Les Habitudes, Ted Baker and Armani Casa, as well as one of the best known restaurants in Los Angeles, The Ivy, known as the place for celebrity spotting.
The N. Robertson store will be the third full-price store retail lease signed this year following one in New York's SoHo shopping district, and one on Collins Avenue in Miami's South Beach, and is expected to open after the SoHo and South Beach stores, which currently are scheduled in the fourth quarter of 2006.
This new store, with 1,226 square feet of selling space, will carry the entire True Religion line of clothing, including Men's, Women's, and Kid's denim jeans, jackets, shirts, T-shirts, skirts, fleece hoodies and pants, as well as the increasingly expanding line of sportswear, including knits, wovens, loungewear and outerwear.
"N. Robertson has always been high on our list of the most desirable retail locations as it combines the exclusiveness of Beverly Hills and the cutting edge coolness of Melrose Avenue," said Michael Buckley, president of True Religion Apparel, Inc. "Our True Religion customer already shops here, so we are simply making our products even more accessible."
"Robertson is one of the top shopping streets in Los Angeles, attracting celebrity clientele and the most fashionable Angelenos and international tourists to this hip retail location," said Jeff Lubell, chairman and chief executive officer. "This is yet another example of our team's commitment to identifying and executing the opportunities that complement our lifestyle collection and our growth strategy."
True Religion Apparel, Inc. is a growing, design-based premium global lifestyle brand. The company designs, manufactures and markets True Religion Apparel products, including its premium True Religion Brand Jeans.
Its expanding product line, which includes high quality distinctive styling and fit, may be found in premier department stores and boutiques in 50 countries including the United States, Canada, Germany, United Kingdom, France, Spain, Scandanavia, Greece, Italy, Mexico, South America, Australia, South Africa, the Middle East, Korea, Japan, and China.
Source : True Religion Apparel, Inc
This new store will be located on arguably the trendiest street in Los Angeles - N. Robertson Boulevard. Described as "the Mecca for hip Los Angeles," N. Robertson Boulevard houses such high-end boutiques as Madison, Lisa Kline, Nanette Lepore, MAC, Maxfield Blue, Les Habitudes, Ted Baker and Armani Casa, as well as one of the best known restaurants in Los Angeles, The Ivy, known as the place for celebrity spotting.
The N. Robertson store will be the third full-price store retail lease signed this year following one in New York's SoHo shopping district, and one on Collins Avenue in Miami's South Beach, and is expected to open after the SoHo and South Beach stores, which currently are scheduled in the fourth quarter of 2006.
This new store, with 1,226 square feet of selling space, will carry the entire True Religion line of clothing, including Men's, Women's, and Kid's denim jeans, jackets, shirts, T-shirts, skirts, fleece hoodies and pants, as well as the increasingly expanding line of sportswear, including knits, wovens, loungewear and outerwear.
"N. Robertson has always been high on our list of the most desirable retail locations as it combines the exclusiveness of Beverly Hills and the cutting edge coolness of Melrose Avenue," said Michael Buckley, president of True Religion Apparel, Inc. "Our True Religion customer already shops here, so we are simply making our products even more accessible."
"Robertson is one of the top shopping streets in Los Angeles, attracting celebrity clientele and the most fashionable Angelenos and international tourists to this hip retail location," said Jeff Lubell, chairman and chief executive officer. "This is yet another example of our team's commitment to identifying and executing the opportunities that complement our lifestyle collection and our growth strategy."
True Religion Apparel, Inc. is a growing, design-based premium global lifestyle brand. The company designs, manufactures and markets True Religion Apparel products, including its premium True Religion Brand Jeans.
Its expanding product line, which includes high quality distinctive styling and fit, may be found in premier department stores and boutiques in 50 countries including the United States, Canada, Germany, United Kingdom, France, Spain, Scandanavia, Greece, Italy, Mexico, South America, Australia, South Africa, the Middle East, Korea, Japan, and China.
Source : True Religion Apparel, Inc
Louis LVMH delivers excellent results for the first half of 2006 - Operating profit rises 35% - Net profit improves 46%
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded a 19% increase in profit from recurring operations during the first half of 2006 and a 35% increase in operating profit.
Each of the business groups recorded double-digit growth in profit from recurring operations, a performance which is even more noteworthy in view of the strong growth in the first half of 2005.
Group share of net profit grew 46% compared to the first half of 2005. This increase was mainly attributable to the Group’s improved operating profitability and financial results.
Bernard Arnault, Chairman and CEO of LVMH, commented:
“Our performance during the first half of the year once again demonstrates the exceptional appeal of our brands as well as the coherence and effectiveness of our strategy. The Group again recorded double-digit growth in its results and continued to improve its profitability. Revenue growth over the summer has continued the trend we saw at the beginning of the year. Numerous product launches alongside growth of our core brands, both in our traditional markets and in the emerging countries, should allow LVMH to continue its progress in the second half of the year in a well oriented economic environment. All these elements enable us to confirm our objective of a very significant increase in results for 2006.”
Wines & Spirits: continued growth in volumes
Wines & Spirits achieved an 11% increase in profit from recurring operations in the first half of 2006. A strong innovation program, combined with sustained marketing, was carried out during the period. Progress in high potential countries, notably China and Russia, accelerated while recently acquired brands, Glenmorangie and Belvedere, pursued their repositioning and expansion in core markets.
The Wines & Spirits brands have collectively achieved a remarkable performance driven by strong growth in sales volumes. Moët & Chandon and Dom Pérignon enjoyed significant growth in Japan. Veuve Clicquot benefited from particularly strong demand in Europe and in the United States.
Hennessy cognac confirmed its momentum in its target markets, notably the United States and China, and its premium qualities enjoyed the highest levels of growth.
Fashion & Leather Goods: continued exceptional growth of Louis Vuitton
Fashion & Leather Goods improved profit from recurring operations by 13%, taking the operating margin above 30% in the first half of 2006.
With double-digit organic growth in revenue, Louis Vuitton continues to reinforce its market position and to deliver exceptional profitability. Its performance in Europe and in Asia was particularly strong. The success of its new leather goods lines, which already have waiting lists around the world, and the launch of its first eyewear collection, illustrate Louis Vuitton’s impressive creative abilities.
Fendi’s performance was sustained by the excellent reception to its Spring-Summer 2006 collection; with the B.Fendi bag being one of the leading products of the season. The brand has developed its store network and has improved its profitability. Loewe, Marc Jacobs and Donna Karan are also progressing well.
Perfumes & Cosmetics: success of innovations
Perfumes & Cosmetics posted an 80% increase in profit from recurring operations. Parfums Christian Dior continued to win market share and improved profitability. All product categories have seen good momentum throughout all markets. The exceptional launch of its skincare product Capture Totale, the continued progress of J’Adore and the remarkable success of the make-up range have been the main drivers behind the development of the brand. Guerlain has confirmed its momentum in its target markets in the first half of 2006, in particular in Asia and Europe. Its new skincare range, Orchidée Impériale, has been enormously successful. Parfums Givenchy has benefited from the strong performance of Very Irresistible and BeneFit continues to develop rapidly.
Watches & Jewelry: strong growth in profitability
Watches & Jewelry has seen a strong rise in its results, more than doubling its recurring operating margin, which now exceeds 10%.
TAG Heuer had strong growth during the period in both revenue and profit. The brand highlighted its move towards the high end of the market with its Carrera, Link and Aquaracer lines and made significant gains in market share. Zenith had good momentum with the successful launch of Class Open. Montres Dior confirmed the considerable success of the Christal line. Chaumet continued to advance with the success of the automatic watch Dandy.
Selective Retailing: further improvement in results
DFS continued to focus on gaining Asian clientele and maintained rigorous control of costs despite the weakness of the Yen. Sephora performed remarkably in Europe and in the United States, continuing to win market share and further improving its profitability.
Outlook for 2006
Revenue in July and August 2006 confirms the continuation of the Group’s growth trend experienced since the beginning of the year. In a well oriented economic environment, LVMH will continue to grow thanks to the Group’s global market leadership and its numerous new product launches planned before the end of the year. All the above factors allow the Group to confirm its objective of a very significant increase in results for 2006.
Our policy of focusing on quality across our entire product range, combined with the dynamism and unparalleled creativity of our teams will enable us, once again in 2006, to reinforce LVMH’s global leadership position in luxury products.
An interim dividend payment of 0.30 Euros will be paid on December 1, 2006.
Source : Louis Vutton (LVMH Goup)
Each of the business groups recorded double-digit growth in profit from recurring operations, a performance which is even more noteworthy in view of the strong growth in the first half of 2005.
Group share of net profit grew 46% compared to the first half of 2005. This increase was mainly attributable to the Group’s improved operating profitability and financial results.
Bernard Arnault, Chairman and CEO of LVMH, commented:
“Our performance during the first half of the year once again demonstrates the exceptional appeal of our brands as well as the coherence and effectiveness of our strategy. The Group again recorded double-digit growth in its results and continued to improve its profitability. Revenue growth over the summer has continued the trend we saw at the beginning of the year. Numerous product launches alongside growth of our core brands, both in our traditional markets and in the emerging countries, should allow LVMH to continue its progress in the second half of the year in a well oriented economic environment. All these elements enable us to confirm our objective of a very significant increase in results for 2006.”
Wines & Spirits: continued growth in volumes
Wines & Spirits achieved an 11% increase in profit from recurring operations in the first half of 2006. A strong innovation program, combined with sustained marketing, was carried out during the period. Progress in high potential countries, notably China and Russia, accelerated while recently acquired brands, Glenmorangie and Belvedere, pursued their repositioning and expansion in core markets.
The Wines & Spirits brands have collectively achieved a remarkable performance driven by strong growth in sales volumes. Moët & Chandon and Dom Pérignon enjoyed significant growth in Japan. Veuve Clicquot benefited from particularly strong demand in Europe and in the United States.
Hennessy cognac confirmed its momentum in its target markets, notably the United States and China, and its premium qualities enjoyed the highest levels of growth.
Fashion & Leather Goods: continued exceptional growth of Louis Vuitton
Fashion & Leather Goods improved profit from recurring operations by 13%, taking the operating margin above 30% in the first half of 2006.
With double-digit organic growth in revenue, Louis Vuitton continues to reinforce its market position and to deliver exceptional profitability. Its performance in Europe and in Asia was particularly strong. The success of its new leather goods lines, which already have waiting lists around the world, and the launch of its first eyewear collection, illustrate Louis Vuitton’s impressive creative abilities.
Fendi’s performance was sustained by the excellent reception to its Spring-Summer 2006 collection; with the B.Fendi bag being one of the leading products of the season. The brand has developed its store network and has improved its profitability. Loewe, Marc Jacobs and Donna Karan are also progressing well.
Perfumes & Cosmetics: success of innovations
Perfumes & Cosmetics posted an 80% increase in profit from recurring operations. Parfums Christian Dior continued to win market share and improved profitability. All product categories have seen good momentum throughout all markets. The exceptional launch of its skincare product Capture Totale, the continued progress of J’Adore and the remarkable success of the make-up range have been the main drivers behind the development of the brand. Guerlain has confirmed its momentum in its target markets in the first half of 2006, in particular in Asia and Europe. Its new skincare range, Orchidée Impériale, has been enormously successful. Parfums Givenchy has benefited from the strong performance of Very Irresistible and BeneFit continues to develop rapidly.
Watches & Jewelry: strong growth in profitability
Watches & Jewelry has seen a strong rise in its results, more than doubling its recurring operating margin, which now exceeds 10%.
TAG Heuer had strong growth during the period in both revenue and profit. The brand highlighted its move towards the high end of the market with its Carrera, Link and Aquaracer lines and made significant gains in market share. Zenith had good momentum with the successful launch of Class Open. Montres Dior confirmed the considerable success of the Christal line. Chaumet continued to advance with the success of the automatic watch Dandy.
Selective Retailing: further improvement in results
DFS continued to focus on gaining Asian clientele and maintained rigorous control of costs despite the weakness of the Yen. Sephora performed remarkably in Europe and in the United States, continuing to win market share and further improving its profitability.
Outlook for 2006
Revenue in July and August 2006 confirms the continuation of the Group’s growth trend experienced since the beginning of the year. In a well oriented economic environment, LVMH will continue to grow thanks to the Group’s global market leadership and its numerous new product launches planned before the end of the year. All the above factors allow the Group to confirm its objective of a very significant increase in results for 2006.
Our policy of focusing on quality across our entire product range, combined with the dynamism and unparalleled creativity of our teams will enable us, once again in 2006, to reinforce LVMH’s global leadership position in luxury products.
An interim dividend payment of 0.30 Euros will be paid on December 1, 2006.
Source : Louis Vutton (LVMH Goup)
Tandy Leather Factory Inc Reports 5% Sales up in August
Tandy Leather Factory Inc reported that sales for the month of August were $4.4 million, an increase of 5% from $4.2 million last year. Year to date sales are up 10% to $36.1 million in the current year from $32.9 million last year.
Retail Leathercraft posted a 13% sales increase for August, with sales totaling $1.7 million compared to $1.5 million in August 2005. The 46 comparable stores' sales were flat for the month. The 16 stores opened since July 2005 added August sales of $271,000. Year-to-date sales for Retail Leathercraft are $14.1 million this year, a 22% increase over sales of $11.2 million for the same period of 2005. As of the end of August, the same store sales gain for the 42 comparable stores is 7% for the year.
Wholesale Leathercraft posted sales of $2.6 million for August. Within the Wholesale Leathercraft division, the comparable wholesale centers' sales were $2.1 million for August, down 2% from August 2005 sales. The National Account group's sales were up 5% from August 2005. For the year to date, Wholesale Leathercraft sales are $20.9 million compared to $20.5 million in 2005, an increase of 1.8%.
Chairman and Chief Executive Officer, Wray Thompson, commented, "August was another tough sales month, particularly at our Tandy Leather retail stores. However, as we had indicated previously, we were not expecting great sales results in August. We still believe we will finish the quarter with a strong September, which will start the momentum for the holiday shopping season."
Tandy Leather Factory, Inc., headquartered in Fort Worth, Texas, is a specialty retailer and wholesale distributor of a broad product line including leather, leatherworking tools, belt buckles and adornments, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits.
The Company distributes its products as The Leather Factory through its wholesale distribution centers and as Tandy Leather Company through its retail stores. Its common stock trades on the American Stock Exchange with the symbol "TLF."
Source : Tandy Leather Factory, Inc.
Retail Leathercraft posted a 13% sales increase for August, with sales totaling $1.7 million compared to $1.5 million in August 2005. The 46 comparable stores' sales were flat for the month. The 16 stores opened since July 2005 added August sales of $271,000. Year-to-date sales for Retail Leathercraft are $14.1 million this year, a 22% increase over sales of $11.2 million for the same period of 2005. As of the end of August, the same store sales gain for the 42 comparable stores is 7% for the year.
Wholesale Leathercraft posted sales of $2.6 million for August. Within the Wholesale Leathercraft division, the comparable wholesale centers' sales were $2.1 million for August, down 2% from August 2005 sales. The National Account group's sales were up 5% from August 2005. For the year to date, Wholesale Leathercraft sales are $20.9 million compared to $20.5 million in 2005, an increase of 1.8%.
Chairman and Chief Executive Officer, Wray Thompson, commented, "August was another tough sales month, particularly at our Tandy Leather retail stores. However, as we had indicated previously, we were not expecting great sales results in August. We still believe we will finish the quarter with a strong September, which will start the momentum for the holiday shopping season."
Tandy Leather Factory, Inc., headquartered in Fort Worth, Texas, is a specialty retailer and wholesale distributor of a broad product line including leather, leatherworking tools, belt buckles and adornments, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits.
The Company distributes its products as The Leather Factory through its wholesale distribution centers and as Tandy Leather Company through its retail stores. Its common stock trades on the American Stock Exchange with the symbol "TLF."
Source : Tandy Leather Factory, Inc.
Sunday, August 27, 2006
Award-Winning Zihaad Wells to blow creative as Design Director
To further enhance its burgeoning design talent, True Religion Apparel Inc announced the appointment of Zihaad Wells to the newly created position of design director, reporting directly to founder and CEO, Jeffrey Lubell. Wells, a premium denim and casual lifestyle veteran, earned wide acclaim as a progressive and innovative designer at Levi Strauss & Co. Europe, where he was part of the leadership responsible for engineering the successful Levi's Red and Levi's Vintage clothing concepts, as well as Levi's Type One, paving the way for that company's remarkable achievements with those product lines in Europe.
"Few designers are as intimately knowledgeable about the history of denim as Zihaad and we believe he brings to True Religion an insatiable drive to push the boundaries of design, silhouette, fabric and finish to bring about product innovation," said Jeff Lubell, chairman and chief executive officer. "Additionally, he has a unique talent for being at the forefront of emerging trends and for interpreting a distinctive design perspective in the collections that he develops. We are ecstatic to welcome Zihaad to our team."
"We were struck by his innovative ideas and his presence as a leader in the design room," said Michael Buckley, president. "Zihaad is a creative manager with a thorough understanding of the branded denim market and has experience working closely with every aspect of the production process - crucial as we expand our collections to become a premium global lifestyle brand."
Wells, 31, began his fashion design career in 1998 with Levi Strauss & Co. and became one of the company's youngest designers. He progressed quickly to senior designer and was appointed creative manager in 2004, directing both the men's and women's casual wear product lines with a focus on denim. During his tenure at Levi's, Wells received an excellence award for the development and success of Levi's Red and Levi's Type One jeans product lines and handled the redesign and fit of the 501 jean.
Wells holds a bachelor of arts degree with honors and an ND in fashion design and technology from the London College of Fashion. He is a member of the Royal Society of Arts and received the RSA Design Award in 1998.
True Religion Apparel, Inc. is a growing, design-based premium global lifestyle brand. The company designs, manufactures and markets True Religion Apparel products, including its premium True Religion Brand Jeans. Its expanding product line, which includes high quality distinctive styling and fit, may be found in premier department stores and boutiques in 50 countries including the United States, Canada, Germany, United Kingdom, France, Spain, Scandinavia, Greece, Italy, Mexico, South America, Australia, South Africa, the Middle East, Korea, Japan, and China.
Source : True Religion Apparel Inc
"Few designers are as intimately knowledgeable about the history of denim as Zihaad and we believe he brings to True Religion an insatiable drive to push the boundaries of design, silhouette, fabric and finish to bring about product innovation," said Jeff Lubell, chairman and chief executive officer. "Additionally, he has a unique talent for being at the forefront of emerging trends and for interpreting a distinctive design perspective in the collections that he develops. We are ecstatic to welcome Zihaad to our team."
"We were struck by his innovative ideas and his presence as a leader in the design room," said Michael Buckley, president. "Zihaad is a creative manager with a thorough understanding of the branded denim market and has experience working closely with every aspect of the production process - crucial as we expand our collections to become a premium global lifestyle brand."
Wells, 31, began his fashion design career in 1998 with Levi Strauss & Co. and became one of the company's youngest designers. He progressed quickly to senior designer and was appointed creative manager in 2004, directing both the men's and women's casual wear product lines with a focus on denim. During his tenure at Levi's, Wells received an excellence award for the development and success of Levi's Red and Levi's Type One jeans product lines and handled the redesign and fit of the 501 jean.
Wells holds a bachelor of arts degree with honors and an ND in fashion design and technology from the London College of Fashion. He is a member of the Royal Society of Arts and received the RSA Design Award in 1998.
True Religion Apparel, Inc. is a growing, design-based premium global lifestyle brand. The company designs, manufactures and markets True Religion Apparel products, including its premium True Religion Brand Jeans. Its expanding product line, which includes high quality distinctive styling and fit, may be found in premier department stores and boutiques in 50 countries including the United States, Canada, Germany, United Kingdom, France, Spain, Scandinavia, Greece, Italy, Mexico, South America, Australia, South Africa, the Middle East, Korea, Japan, and China.
Source : True Religion Apparel Inc
Sunday, July 30, 2006
United States : Xerium Technologies declares Management Appointments
Xerium Technologies Inc , a leading global manufacturer of clothing and roll covers used primarily in the paper production process, today announced the appointments of Josef Mayer to Executive Vice President--Business Development and Joan "John" Badrinas Ardevol to President--Clothing Europe, effective July 26, 2006. The Company has also reorganized its European clothing management structure along functional lines, representing a move away from the regional structure that had been in place previously.
Mr. Mayer, 55, has served as Xerium's President--Clothing Europe since 2003 and president of the Company's clothing business in Germany since 2001. From 2003 through 2005, Mr. Mayer also had responsibility for the company's Asia Pacific clothing operations. Mr. Badrinas, 52, joins Xerium Technologies from Trelleborg AB, where he was the President of Trelleborg Automotive Europe since 2000.
Thomas Gutierrez, Xerium's Chief Executive Officer, said, "Josef has been spending an increasing amount of his time on business development opportunities for the Company, and this appointment reflects the importance of that role to the Company overall. The addition of John Badrinas to the management team allows Josef to focus full-time on these opportunities. I expect that Josef's deep knowledge of and experience in the paper industry, particularly in Europe but also globally, will be a great asset in his new position. We are delighted to welcome John to Xerium. He is a proven leader with a demonstrated ability to run a significant European business unit of a multi-national organization. We believe that the move to a functional management structure for the European clothing business, a move which Josef had started, will enhance the efficiency and focus of that business."
The Company also announced its plans for Stewart Hay to assume the newly created position of Vice President of Advanced Process and Product Development in the third quarter of 2006. Mr. Hay, 45, who is expected to move to the Company's headquarters in North Carolina, has been in charge of the Company's clothing operations in Japan since July 2004. Mr. Hay's responsibilities in Japan would then be assumed by existing management in the Company's Australia/Asia operations.
Mr. Gutierrez said, "I am excited about this new role for Stewart. He has significant research and development experience in the industry, and this new position will allow us to better utilize those skills on a company-wide basis."
Xerium Technologies, Inc is a leading global manufacturer and supplier of two types of products used primarily in the production of paper: clothing and roll covers. The Company, which operates around the world under a variety of brand names, owns a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. With 36 manufacturing facilities in 15 countries around the world, Xerium Technologies has approximately 3,900 employees.
Source : Xerium Technologies, Inc
Mr. Mayer, 55, has served as Xerium's President--Clothing Europe since 2003 and president of the Company's clothing business in Germany since 2001. From 2003 through 2005, Mr. Mayer also had responsibility for the company's Asia Pacific clothing operations. Mr. Badrinas, 52, joins Xerium Technologies from Trelleborg AB, where he was the President of Trelleborg Automotive Europe since 2000.
Thomas Gutierrez, Xerium's Chief Executive Officer, said, "Josef has been spending an increasing amount of his time on business development opportunities for the Company, and this appointment reflects the importance of that role to the Company overall. The addition of John Badrinas to the management team allows Josef to focus full-time on these opportunities. I expect that Josef's deep knowledge of and experience in the paper industry, particularly in Europe but also globally, will be a great asset in his new position. We are delighted to welcome John to Xerium. He is a proven leader with a demonstrated ability to run a significant European business unit of a multi-national organization. We believe that the move to a functional management structure for the European clothing business, a move which Josef had started, will enhance the efficiency and focus of that business."
The Company also announced its plans for Stewart Hay to assume the newly created position of Vice President of Advanced Process and Product Development in the third quarter of 2006. Mr. Hay, 45, who is expected to move to the Company's headquarters in North Carolina, has been in charge of the Company's clothing operations in Japan since July 2004. Mr. Hay's responsibilities in Japan would then be assumed by existing management in the Company's Australia/Asia operations.
Mr. Gutierrez said, "I am excited about this new role for Stewart. He has significant research and development experience in the industry, and this new position will allow us to better utilize those skills on a company-wide basis."
Xerium Technologies, Inc is a leading global manufacturer and supplier of two types of products used primarily in the production of paper: clothing and roll covers. The Company, which operates around the world under a variety of brand names, owns a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. With 36 manufacturing facilities in 15 countries around the world, Xerium Technologies has approximately 3,900 employees.
Source : Xerium Technologies, Inc
Tuesday, July 25, 2006
United States: True Religion Apparel to continue retail expansion
True Religion Apparel, Inc. (Nasdaq:TRLG) today said it is continuing the retail expansion for its growing lifestyle apparel collection with the signing of a new store lease in Miami Beach's fashionable South Beach community. The Miami Beach, Florida location follows on the heels of a proposed store in New York's SoHo district and is expected to open concurrently in December 2006, in time for the Christmas shopping season.
The store with 2,000 square feet of selling space will be located on Collins Avenue, among other high-end stores such as Intermix, Nicole Miller, MAC Cosmetics and Barney's. The store will carry the entire True Religion line of clothing, including Men's, Women's, and Kid's denim jeans, jackets, western shirts, T-shirts, skirts, fleece hoodies and pants, as well as the increasingly expanding line of sportswear, including knits and wovens.
"Expanding our retail store base is an important component of our growth strategy, and we are excited about establishing a presence in the vibrant South Beach shopping district," said Michael Buckley, president of True Religion Apparel. "This brings the number of stores that will be showcasing the entire True Religion collection to three by year-end and keeps us on pace for continued expansion in 2007."
"Arguably, Miami's South Beach is this country's French Riviera or Ipanema Beach, attracting a high level of fashion savvy U.S. and international tourists to this one-of-a-kind retail location," said Jeff Lubell, chairman and chief executive officer. "This is an excellent example of our team's ability to identify and execute on opportunities that complement our lifestyle collection and growth strategy."
True Religion Apparel, Inc. is a growing, design-based lifestyle brand. The company designs, manufactures and markets True Religion Apparel products, including its premium True Religion Brand Jeans. Its expanding product line, which includes high quality distinctive styling and fit, may be found in premier department stores and boutiques in North America, Europe the Middle East and Japan.
Source : True Religion Apparel, Inc.
The store with 2,000 square feet of selling space will be located on Collins Avenue, among other high-end stores such as Intermix, Nicole Miller, MAC Cosmetics and Barney's. The store will carry the entire True Religion line of clothing, including Men's, Women's, and Kid's denim jeans, jackets, western shirts, T-shirts, skirts, fleece hoodies and pants, as well as the increasingly expanding line of sportswear, including knits and wovens.
"Expanding our retail store base is an important component of our growth strategy, and we are excited about establishing a presence in the vibrant South Beach shopping district," said Michael Buckley, president of True Religion Apparel. "This brings the number of stores that will be showcasing the entire True Religion collection to three by year-end and keeps us on pace for continued expansion in 2007."
"Arguably, Miami's South Beach is this country's French Riviera or Ipanema Beach, attracting a high level of fashion savvy U.S. and international tourists to this one-of-a-kind retail location," said Jeff Lubell, chairman and chief executive officer. "This is an excellent example of our team's ability to identify and execute on opportunities that complement our lifestyle collection and growth strategy."
True Religion Apparel, Inc. is a growing, design-based lifestyle brand. The company designs, manufactures and markets True Religion Apparel products, including its premium True Religion Brand Jeans. Its expanding product line, which includes high quality distinctive styling and fit, may be found in premier department stores and boutiques in North America, Europe the Middle East and Japan.
Source : True Religion Apparel, Inc.
Saturday, July 22, 2006
United States : kimberly-Clark to transmit Q2 2006 earnings conference call
Kimberly-Clark Corporation will webcast a discussion of its second quarter 2006 results at 9 a.m. CDT on Wednesday, July 26. Chairman and CEO Thomas Falk and Senior Vice President and CFO Mark Buthman will participate in the live webcast. A news release detailing the results will be issued via PR Newswire and First Call earlier that same day.
A link to the broadcast and related presentation slides will be provided through the Investors section of Kimberly-Clark's Web site at www.kimberly-clark.com. The webcast will be available for replay for approximately three weeks through the link provided on the Web site.
Kimberly-Clark will continue to post the date of future quarterly earnings releases and related webcasts on its Web site. Interested stockholders and others should monitor the Web site for these announcements.
Kimberly-Clark and its well-known global brands are an indispensable part of life for people in more than 150 countries. Every day, 1.3 billion people--nearly a quarter of the world's population--trust K-C brands and the solutions they provide to enhance their health, hygiene and well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds the No. 1 or No. 2 share position in more than 80 countries.
A link to the broadcast and related presentation slides will be provided through the Investors section of Kimberly-Clark's Web site at www.kimberly-clark.com. The webcast will be available for replay for approximately three weeks through the link provided on the Web site.
Kimberly-Clark will continue to post the date of future quarterly earnings releases and related webcasts on its Web site. Interested stockholders and others should monitor the Web site for these announcements.
Kimberly-Clark and its well-known global brands are an indispensable part of life for people in more than 150 countries. Every day, 1.3 billion people--nearly a quarter of the world's population--trust K-C brands and the solutions they provide to enhance their health, hygiene and well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds the No. 1 or No. 2 share position in more than 80 countries.
Monday, July 17, 2006
United States : Amazon.com to Webcast Q2 2006 Financial Results Conference Call
Amazon.com Inc announced today that it will hold a conference call to discuss its second quarter 2006 financial results on July 25, 2006, at 2:00 p.m. PT/5:00 p.m. ET.
The event will be webcast live, and the audio and associated slides will be available for at least three months thereafter at www.amazon.com/ir.
Source : Amazon.com Inc
The event will be webcast live, and the audio and associated slides will be available for at least three months thereafter at www.amazon.com/ir.
Source : Amazon.com Inc
Sunday, July 16, 2006
United States : Tandy Leather Factory to Open Retail Store in Minnesota
Tandy Leather Factory Inc announced that its new Tandy Leather retail store opens next week in St. Paul, MN. This new store completes the company's twelve planned store openings in 2006 and brings the number of Tandy Leather retail stores to 62. The store will be located at 1614 White Bear Avenue.
Chairman and Chief Executive Officer, Wray Thompson, commented, "We have been pleased with the performance of our Minneapolis store and expect similar results from the St. Paul store. Jason Pate, a 15-year leatherworker who managed stores for the former Tandy Leather for 6 years, will be managing the store."
Tandy Leather Factory Inc, headquartered in Fort Worth, Texas, is a specialty retailer and wholesale distributor of a broad product line including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company distributes its products as The Leather Factory through its wholesale distribution centers and as Tandy Leather Company through its retail stores.
Source : Tandy Leather Factory Inc
Chairman and Chief Executive Officer, Wray Thompson, commented, "We have been pleased with the performance of our Minneapolis store and expect similar results from the St. Paul store. Jason Pate, a 15-year leatherworker who managed stores for the former Tandy Leather for 6 years, will be managing the store."
Tandy Leather Factory Inc, headquartered in Fort Worth, Texas, is a specialty retailer and wholesale distributor of a broad product line including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company distributes its products as The Leather Factory through its wholesale distribution centers and as Tandy Leather Company through its retail stores.
Source : Tandy Leather Factory Inc
United States : JAKKS Pacific to declare results for Q2 2006
JAKKS Pacific Inc will announce 2006 second quarter and first six month results on Wednesday, July 19, 2006. The Company will also hold a teleconference and webcast to discuss these results and may discuss future plans and prospects.
Anyone interested will be able to listen to the teleconference, scheduled to begin at 6:00 a.m. PDT (9:00 a.m. EDT) on July 19th, via the Internet at www.jakkspacific.com, www.CompanyBoardroom.com, or www.StreetEvents.com. These websites will host an archive of the teleconference for 30 days.
A telephonic playback will be available from 9:00 a.m. PDT on July 19th through 11:59 p.m. PDT on August 18th. The playback can be accessed by calling 888-266-2081, or 703-925-2533 for international callers, pass code "937169."
JAKKS Pacific Inc is a multi-brand company that designs and markets a broad range of toys and consumer products. The product categories include: Action Figures, Art Activity Kits, Stationery, Writing Instruments, Performance Kites, Water Toys, Sports Activity Toys, Vehicles, Infant/Pre-School, Plush, Construction Toys, Electronics, Dolls, Dress-Up, Role Play, and Pet Toys and Accessories.
The products are sold under various brand names including JAKKS Pacific®, Play Along®, Flying Colors®, Creative Designs International(TM), Road Champs®, Child Guidance®, Pentech®, Trendmasters®, Toymax®, Funnoodle®, Go Fly a Kite®, Color Workshop®, JPI(TM) and Plug It In & Play TV Games(TM). JAKKS and THQ Inc. participate in a joint venture that has worldwide rights to publish and market World Wrestling Entertainment video games.
Source : JAKKS Pacific Inc
Anyone interested will be able to listen to the teleconference, scheduled to begin at 6:00 a.m. PDT (9:00 a.m. EDT) on July 19th, via the Internet at www.jakkspacific.com, www.CompanyBoardroom.com, or www.StreetEvents.com. These websites will host an archive of the teleconference for 30 days.
A telephonic playback will be available from 9:00 a.m. PDT on July 19th through 11:59 p.m. PDT on August 18th. The playback can be accessed by calling 888-266-2081, or 703-925-2533 for international callers, pass code "937169."
JAKKS Pacific Inc is a multi-brand company that designs and markets a broad range of toys and consumer products. The product categories include: Action Figures, Art Activity Kits, Stationery, Writing Instruments, Performance Kites, Water Toys, Sports Activity Toys, Vehicles, Infant/Pre-School, Plush, Construction Toys, Electronics, Dolls, Dress-Up, Role Play, and Pet Toys and Accessories.
The products are sold under various brand names including JAKKS Pacific®, Play Along®, Flying Colors®, Creative Designs International(TM), Road Champs®, Child Guidance®, Pentech®, Trendmasters®, Toymax®, Funnoodle®, Go Fly a Kite®, Color Workshop®, JPI(TM) and Plug It In & Play TV Games(TM). JAKKS and THQ Inc. participate in a joint venture that has worldwide rights to publish and market World Wrestling Entertainment video games.
Source : JAKKS Pacific Inc
Monday, July 10, 2006
United States : AE Outfitters to give free movie ticket to its customers who try jeans
Click here Lingerie New Style
American Eagle Outfitters announced an exciting event to reward all AE customers, as well as anyone who loves a good pair of jeans and the movies. American Eagle has formed a partnership with AMC Theatres to offer free movie tickets to the first one million customers who try on a pair of AE jeans at select American Eagle stores. The popular retail brand is creating awareness for its new line of Back To School jeans by combining two of its customers' favorite pastimes, shopping at American Eagle and going to the movies.
For two weeks starting July 11, American Eagle expects to distribute a million movie tickets in stores as customers try on AE's new collection of Back To School jeans. Everyone is also invited to visit ae.com to enter a national online sweepstakes for a chance to win a lifetime supply of AE jeans and AMC movie tickets. Full contest rules can be found at ae.com. The American Eagle/AMC Try-On movie tickets are valid at more than 300 AMC theatre locations nationwide.
"We are so proud of this season's new denim assortment that we've teamed up with AMC Theatres to thank our customers with a free movie ticket just for trying on a pair of our new AE jeans," said Susan McGalla, president and chief merchandising officer for the AE brand.
This season's new Back to School denim selection features more than six new cool cuts and a variety of new washes including:
Women's Fits:
* Skinny 77 -- This is the must have fit of the season, featured in all the magazines. City chic with heels or boho and down to earth with warm fuzzy boots and flats, this fit is tapered and long. Perfect for dancing all night or hanging with friends all day
* Straight 77 -- This fit is similar to the skinny, offering the same silhouette in the waist and hips, but is not as tapered giving more room from knee to ankle. It is perfect with flip flops or flats
* BOYFRIEND -- With a sexy top fit this fit sits low and straight on the waist with a wideleg. This fit is sexy but relaxed
* AE ARTIST -- This fit is the sexiest of all AE fits with an extreme low rise and slim leg. It is a fun fit that is great for going out, day to night
* HIPSTER -- AE's most classic, authentic jean. It is slim and features a clean leg. It sits slightly higher on the waist
Men's Fits:
* BOOTCUT -- This is an everyday, casual fit. It is comfortable and easy to wear
* LOW RISE BOOT -- This fit is slimmer and sexier than the regular bootcut. You can dress it up or dress it down and it looks great with a tee shirt or a blazer
* LOOSE -- This fit has the most casual, relaxed attitude of all
* LOW RISE STRAIGHT -- This fit is a modern classic. It is an easy to wear straight leg that can be dressed up or down and sits comfortably low on the waist
American Eagle Outfitters is a leading retailer that designs, markets and sells its own brand of laidback, current clothing targeting 15 to 25 year-olds, providing high-quality merchandise at affordable prices. AE's original collection includes standards like jeans and graphic Ts as well as essentials like accessories, outerwear, footwear, basics and swimwear.
American Eagle Outfitters currently operates 799 stores in 50 states, the District of Columbia and Puerto Rico, and 71 AE stores in Canada. AE also operates, which offers additional sizes and styles of favorite AE merchandise and ships around the world. The company plans to open MARTIN + OSA, a new sportswear concept targeting 25 to 40 year old women and men, in the fall of 2006.
Source : American Eagle Outfitters
American Eagle Outfitters announced an exciting event to reward all AE customers, as well as anyone who loves a good pair of jeans and the movies. American Eagle has formed a partnership with AMC Theatres to offer free movie tickets to the first one million customers who try on a pair of AE jeans at select American Eagle stores. The popular retail brand is creating awareness for its new line of Back To School jeans by combining two of its customers' favorite pastimes, shopping at American Eagle and going to the movies.
For two weeks starting July 11, American Eagle expects to distribute a million movie tickets in stores as customers try on AE's new collection of Back To School jeans. Everyone is also invited to visit ae.com to enter a national online sweepstakes for a chance to win a lifetime supply of AE jeans and AMC movie tickets. Full contest rules can be found at ae.com. The American Eagle/AMC Try-On movie tickets are valid at more than 300 AMC theatre locations nationwide.
"We are so proud of this season's new denim assortment that we've teamed up with AMC Theatres to thank our customers with a free movie ticket just for trying on a pair of our new AE jeans," said Susan McGalla, president and chief merchandising officer for the AE brand.
This season's new Back to School denim selection features more than six new cool cuts and a variety of new washes including:
Women's Fits:
* Skinny 77 -- This is the must have fit of the season, featured in all the magazines. City chic with heels or boho and down to earth with warm fuzzy boots and flats, this fit is tapered and long. Perfect for dancing all night or hanging with friends all day
* Straight 77 -- This fit is similar to the skinny, offering the same silhouette in the waist and hips, but is not as tapered giving more room from knee to ankle. It is perfect with flip flops or flats
* BOYFRIEND -- With a sexy top fit this fit sits low and straight on the waist with a wideleg. This fit is sexy but relaxed
* AE ARTIST -- This fit is the sexiest of all AE fits with an extreme low rise and slim leg. It is a fun fit that is great for going out, day to night
* HIPSTER -- AE's most classic, authentic jean. It is slim and features a clean leg. It sits slightly higher on the waist
Men's Fits:
* BOOTCUT -- This is an everyday, casual fit. It is comfortable and easy to wear
* LOW RISE BOOT -- This fit is slimmer and sexier than the regular bootcut. You can dress it up or dress it down and it looks great with a tee shirt or a blazer
* LOOSE -- This fit has the most casual, relaxed attitude of all
* LOW RISE STRAIGHT -- This fit is a modern classic. It is an easy to wear straight leg that can be dressed up or down and sits comfortably low on the waist
American Eagle Outfitters is a leading retailer that designs, markets and sells its own brand of laidback, current clothing targeting 15 to 25 year-olds, providing high-quality merchandise at affordable prices. AE's original collection includes standards like jeans and graphic Ts as well as essentials like accessories, outerwear, footwear, basics and swimwear.
American Eagle Outfitters currently operates 799 stores in 50 states, the District of Columbia and Puerto Rico, and 71 AE stores in Canada. AE also operates, which offers additional sizes and styles of favorite AE merchandise and ships around the world. The company plans to open MARTIN + OSA, a new sportswear concept targeting 25 to 40 year old women and men, in the fall of 2006.
Source : American Eagle Outfitters
Thursday, June 22, 2006
United States : JAKKS Pacific & Pokemon USA join hand for Master Toy
JAKKS Pacific, Inc. (Nasdaq:JAKK) and Pokemon USA, Inc. announced today that the two companies have signed a Master Toy licensing agreement under which JAKKS(TM) Pacific will develop, manufacture and distribute a diverse line of toys and related products based on the hugely popular Pokemon(R) brand. JAKKS Pacific and Pokemon USA will officially announce the agreement at a press conference at Pier 81 in New York City preceding the opening of the Licensing 2006 International Show.
Pokemon is the collective name for more than 380 characters that one can find, catch, train, trade, collect, and use in battle against rivals in the quest to become a Pokemon Master. With more than $25 billion in worldwide retail sales, Pokemon is a global pop culture phenomenon credited with making Japanese animation mainstream in the U.S.
Categories covered in the agreement include action figures, play sets, accessories, role-play items, plush, plug-and-play items, craft activity kits, stationery, writing instruments and seasonal products, including kites and pool toys.
"This new deal with Pokemon is an incredible milestone for JAKKS Pacific," said Stephen Berman, President and COO, JAKKS Pacific, Inc. "Pokemon, with its vast universe of characters, continues to capture children's imaginations today, for the same reasons it has over the past 10 years -- engaging story lines and universal themes like friendship and teamwork. We are extremely proud that they have chosen JAKKS as their Master Toy partner, and we are ready to take the Pokemon brand into its next phase of growth with a stellar line-up of products."
Berman continued, "JAKKS has been in the action figure business since our inception, and we know what it takes to make and keep an action figure line fresh in the market. Pokemon has all the makings of a thriving toy line because it is an evergreen brand that has built a core collector following as well as a new generation of fans."
"JAKKS Pacific, a leader of innovative toy design, has a unique understanding of what kids want. That, coupled with its speed to market, merchandising capabilities, unique product offerings and creative management, were attractive qualities that reeled us in," said Akira Chiba, President, Pokemon USA. "JAKKS' ability to manage aggressive roll-out schedules and to continually offer fresh assortments at retail keeps kids coming back for more. JAKKS' proposal for the toy line was visionary and we are thrilled to be partnering with a young, innovative company."
Pokemon just announced that beginning this fall, the ninth season of the top-rated animated TV series, Pokemon: Battle Frontier, will air on Cartoon Network. Also, on June 3rd, episodes of Pokemon Chronicles launched during the Toonami block. A new direct-to-video title, the eighth Pokemon movie, Pokemon: Lucario and the Mystery of Mew, is set for release in September. In addition, Nintendo of America will launch new video games including Pokemon Mystery Dungeon: Red Rescue Team/Blue Rescue Team for the Nintendo DS(TM) (Blue) and Game Boy(R) Advance (Red) and Pokemon Ranger for the Nintendo DS(TM).
JAKKS plans to launch the Pokemon product line in North America in Spring 2007, as well as various international territories, including Canada, South America, Central America, Mexico and more.
About Pokemon USA
Pokemon USA, Inc., a subsidiary of The Pokemon Company in Japan, manages the property outside of Asia which includes licensing, marketing, the Pokemon Trading Card Game, an animated TV series, home entertainment, the official Pokemon website, and online retail center www.pokemoncenter.com. Celebrating its 10th worldwide anniversary in 2006, Pokemon was launched in Japan in 1996 for play on Nintendo's Game Boy(R) and has since evolved into a global cultural phenomenon. Pokemon was introduced in North America in September 1998 and today is one of the most popular toy and entertainment properties in the world. For more information, visit www.pokemon.com.
About JAKKS Pacific, Inc.
JAKKS Pacific, Inc. (NASDAQ:JAKK) is a multi-brand company that designs and markets a broad range of toys and consumer products. The product categories include: Action Figures, Art Activity Kits, Stationery, Writing Instruments, Performance Kites, Water Toys, Sports Activity Toys, Vehicles, Infant/Pre-School, Plush, Construction Toys, Electronics, Dolls, Dress-Up, Role Play, and Pet Toys and Accessories. The products are sold under various brand names including JAKKS Pacific(R), Play Along(R), Flying Colors(R), Creative Designs International(TM), Road Champs(R), Child Guidance(R), Pentech(R), Trendmasters(R), Toymax(R), Funnoodle(R), Go Fly a Kite(R), Color Workshop(R), JPI(TM) and Plug It In & Play TV Games(TM). JAKKS and THQ Inc. participate in a joint venture that has worldwide rights to publish and market World Wrestling Entertainment video games. For further information, visit www.jakkspacific.com.
Source : JAKKS Pacific, Inc.
United States : Polymer Group Inc set up New Spunbond Line in North Carolina
Polymer Group Inc announced it has installed a new spunbond line at its Mooresville, North Carolina facility to produce the highest quality materials available to the market for diapers and other applications.
The major plant expansion represents approximately a $40 million investment by the company and adds about 50 jobs locally. The new spunbond line will give PGI the leading hygiene market share in North America, where demand for its products continues to grow.
The engineered materials produced on the new line will be softer and lighter and have improved barrier qualities for use in diapers, feminine hygiene and incontinence products, as well as industrial filtration applications.
Elected officials from the state of North Carolina, town of Mooresville and Iredell County joined with company officials and business, community and industry leaders in opening ceremonies for the new line today. The line is currently capable of producing product and is expected to ramp up through the third quarter of 2006.
"This new spunbond line, along with our expansions around the globe, is part of a strategic growth plan," said PGI's chief executive officer James L. Schaeffer. "It's all part of growing strong and growing smart. We are growing strong by adding capacity where it's needed. And we're growing smart by driving technology and innovation."
"The company chose North Carolina for this latest expansion because of its skilled workforce and access to local research and educational facilities, the growing industry cluster of nonwovens resources in the state, and a business- friendly environment," said Mike Hale, PGI's vice president and general manager, U.S. nonwovens.
PGI also has announced plans to relocate its corporate headquarters from North Charleston, South Carolina to Charlotte, North Carolina by the end of next month, bringing together 100 employees in leadership, administration and other positions into one location. With the corporate move, PGI will employ approximately 450 workers in the state.
Polymer Group Inc, one of the world's leading producers of nonwovens, is a global, technology-driven developer, producer and marketer of engineered materials. With the broadest range of process technologies in the nonwovens industry, PGI is a global supplier to leading consumer and industrial product manufacturers. The company operates 22 manufacturing facilities throughout the world.
Source : Polymer Group Inc
The major plant expansion represents approximately a $40 million investment by the company and adds about 50 jobs locally. The new spunbond line will give PGI the leading hygiene market share in North America, where demand for its products continues to grow.
The engineered materials produced on the new line will be softer and lighter and have improved barrier qualities for use in diapers, feminine hygiene and incontinence products, as well as industrial filtration applications.
Elected officials from the state of North Carolina, town of Mooresville and Iredell County joined with company officials and business, community and industry leaders in opening ceremonies for the new line today. The line is currently capable of producing product and is expected to ramp up through the third quarter of 2006.
"This new spunbond line, along with our expansions around the globe, is part of a strategic growth plan," said PGI's chief executive officer James L. Schaeffer. "It's all part of growing strong and growing smart. We are growing strong by adding capacity where it's needed. And we're growing smart by driving technology and innovation."
"The company chose North Carolina for this latest expansion because of its skilled workforce and access to local research and educational facilities, the growing industry cluster of nonwovens resources in the state, and a business- friendly environment," said Mike Hale, PGI's vice president and general manager, U.S. nonwovens.
PGI also has announced plans to relocate its corporate headquarters from North Charleston, South Carolina to Charlotte, North Carolina by the end of next month, bringing together 100 employees in leadership, administration and other positions into one location. With the corporate move, PGI will employ approximately 450 workers in the state.
Polymer Group Inc, one of the world's leading producers of nonwovens, is a global, technology-driven developer, producer and marketer of engineered materials. With the broadest range of process technologies in the nonwovens industry, PGI is a global supplier to leading consumer and industrial product manufacturers. The company operates 22 manufacturing facilities throughout the world.
Source : Polymer Group Inc
Wednesday, June 14, 2006
United States : Smith & Wesson to present Q4 & fiscal ‘06 financial results
Smith & Wesson Holding Corporation, parent company of Smith & Wesson Corp, the legendary 154-year old global provider of products and services for safety, security, protection and sport, announced that it plans to release its fourth quarter and full fiscal 2006 financial results on Thursday, June 15th 2006, after the close of the market.
The full text of the press release will be available on Smith & Wesson's Web site at http://www.smith-wesson.com under the Investor Relations section.
On Thursday, June 15th 2006, Smith & Wesson will host an analyst conference call that may include forward-looking statements. The conference call will be web cast by CCBN and is scheduled to begin at 5:00 pm Eastern Daylight Time.
Smith & Wesson Corp is one of the world's largest providers of firearms, accessories and services for the global safety, security, protection and sport markets. It also markets a variety of products including firearm safety/security devices, shooting protective gear, knives, apparel, footwear and other accessory lines.
Smith & Wesson Holding Corporation
United States : Amazon.com debutes fashionable Video Footage of M. Night Shyamalan's ''Lady in the Water'' Picture Book
Never-Before-Seen Footage of Acclaimed Filmmaker M. Night Shyamalan Reading and Commenting on His Much-Anticipated Children's Bedtime Story
Amazon.com premiered exclusive video footage today of Academy Award-nominated director M. Night Shyamalan reading and commenting on his new children's book, "Lady in the Water," to be released on June 21. Beginning today, this footage is available exclusively on Amazon.com at www.amazon.com/ladyinthewater-book, and will run through the theatrical release of Warner Bros. Pictures' feature film "Lady in the Water" scheduled to open in theaters nationwide on July 21.
Originally written by M. Night Shyamalan as a bedtime story for his own children, "Lady in the Water" is an imaginative reading experience that inspires readers to observe the world around them and consider their purpose on earth. Like all of Shyamalan's work, this story offers a dark mystery with surprising twists, a touch of magic, and a powerful message at the end.
"The storybook is based on the actual bedtime story that I told my own kids, so it skews younger than the movie," said Shyamalan. "The movie is kind of intense and I really didn't hold back in terms of the suspense. But hopefully, the way the book is written, it can be something a 4- or 5-year-old can enjoy reading with their parents."
"M. Night Shyamalan has captured the attention of moviegoers around the world with his thought-provoking and inspiring cinematic productions," said Laura Porco, Amazon.com's director of media merchandising, North America. "With this book, Shyamalan proves he is just as profound a writer as he is a filmmaker. We are thrilled to provide our customers with this incredible footage of Shyamalan captivating his audience yet again, this time through the written word."
The five-minute video features him reading from the book and providing insightful commentary on how the book came to be.
"Lady in the Water" will be released on June 21. The book is currently available for pre-order on Amazon.com (www.amazon.com) for $12.23 -- a savings of 32 percent.
Amazon.com Inc, a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of unique new, refurbished and used items in categories such as health and personal care, jewelry and watches, gourmet food, sports and outdoors, apparel and accessories, books, music, DVDs, electronics and office, toys and baby, and home and garden.
Source : Amazon.com Inc
Canada: Hart Stores Inc Q1 sales up 15%
Hart Stores Inc, an operator of mid-sized department stores, has reported sales of $28.7 million for the first quarter ended April 29th 2006, an increase $3.8 million or 15.1 percent over sales of $24.9 million in the same period last year.
The net earnings for the first quarter of fiscal 2007 were $13,000 or $0.00 per share compared to net earnings of $123,000 or $0.01 per share in the corresponding quarter in the prior year. It were affected by pre-opening expenses incurred in the opening of new stores and expenses related in the preparation of the new head office and distribution facility which was occupied during the second quarter in May.
The company opened two new stores during the quarter both in Ontario in the towns of Arnprior and Parry Sound and re-opened its store in Sudbury Ontario that had been closed due to smoke damage.
"We are pleased with the sales increase in the first quarter this year with a same store sales increase of 4.6 percent and are encouraged by the positive performance of our new stores in Ontario," said Michael Hart President and CEO of Hart Stores, "We are continuing with our planned expansion in that market with the scheduled opening of three additional locations in the fall season, situated in Hamilton, Port Colborne and Kapuskasing."
Harry Hart, Executive Chairman of Hart Stores announced, "For the fourth consecutive year, the Board of Directors is pleased to declare a dividend. This year's dividend of $0.10 per share represents a 25 percent increase over last years dividend and will be payable on July 12th 2006 to shareholders of record on June 22nd 2006."
Subsequent to the quarter end the company finalized a mortgage financing of $8 million secured by its new 220,000 square foot facility housing the new head office and distribution centre which is now fully operational. The new facility will provide the company with the infrastructure crucial to continue with its strategic expansion plans.
Hart Stores Inc operates a network of 73 mid-sized department stores under the Hart, Bargain Giant and Géant des Aubaines banners. The stores are located in secondary and tertiary markets throughout Eastern Canada where the company has established a dominant position in many of the communities that it serves.
The stores offer an extensive and differentiated selection of national and exclusive fashion apparel brands as well as family footwear, home furnishings, giftware, toys and seasonal goods.
Hart Stores Inc
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