ALBA BOUNCES BACK: Sparked by robust sales of intimate apparel, Alba-Waldensian Inc. reported earnings of $741,000 in the first quarter, rebounding from a loss of $685,000 a year ago.
Sales for the manufacturer of intimate apparel, hosiery and medical products rose 31 percent to $13.9 million from $18.3 million.
In its intimate apparel and hosiery division, sales climbed 85 percent to $9.8 million, reflecting increased acceptance of its seamless intimate apparel and the introduction of a new seamless bodysuit. Alba’s hosiery and intimate apparel products include While You Wait, All Day Long and Big Beautiful Woman.
Alba said the year-ago loss was mainly due to competitive pressures on its circular knit panty business from lower-priced imports, a decision to eliminate a full fashion panty line, weakness in two of its health product lines and severance costs of about $400,000 for its former president and chief executive.
S&S TAPS PATERSON: Joya Paterson has been promoted to chairwoman of S&S Industries, a maker of underwires for the foundations industry.
Paterson had been president of the company since 1980. She joined S&S in 1972 as vice president of sales and marketing and was named executive vice president in 1976. Earlier, she was a fit model for the intimate apparel industry.
Joseph Horta succeeds Paterson as president. Horta, who has been vice president of operations since joining the company in 1987, reports to Paterson. His successor has not been named.
In addition, Jon Broz has been promoted to senior vice president of worldwide sales.