Thomas J. Ryan

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Financial

Ann Taylor Returns to Expansion Route

NEW YORK — Ann Taylor Stores Corp. is clearly back in an expansion mode.

Sally Frame Kasaks, chairman and chief executive officer, told shareholders at the annual meeting Wednesday at the Plaza Hotel that the company will introduce a signature…

clock June 2, 1994Thomas J. Ryan

Fashion Features

’93 CEO Pay Hikes Slimmer

NEW YORK — When it came to pay hikes for top textile executives, 1993 did not produce a bumper crop.

Compensation for the honchos at major publicly owned mills rose a modest 7.5 percent last year, reflecting some weakness in operating results…

clock May 17, 1994Thomas J. Ryan

Financial

Gap Net Up 53% in Quarter

NEW YORK — Strong sell-throughs of its fashion offerings helped The Gap Inc.’s earnings jump 53 percent in the first quarter ended April 30, surpassing Wall Street’s estimates.

Earnings totaled $63.5 million, or 44 cents a share, up from $41.5…

clock May 13, 1994Thomas J. Ryan

Financial

Federated Nearly Doubles Earnings to $32.2 Million in First Quarter

CINCINNATI — Powered by cost savings, Federated Department Stores Inc. reported earnings before special items jumped 48.5 percent in the first quarter, easily topping Wall Street estimates.

In the quarter ended April 30, earnings rose to $32.2…

clock May 12, 1994Thomas J. Ryan

Financial

Warnaco Ongoing Operating Net Climbs 11.2% in First Quarter

NEW YORK — The Warnaco Group, shaking off disruption caused by the Los Angeles earthquake, reported Wednesday that pretax profits from continuing operations rose 11.2 percent in the first quarter ended April 9.

Warnaco’s profits from…

clock May 5, 1994Thomas J. Ryan

Financial

Burlington’s Apparel Division Posts 24.3% Operating Net Slide in Quarter

GREENSBORO, N.C. — Burlington Industries Inc. reported operating profits in its apparel segment skidded 24.3 percent in the second quarter ended April 2 as a pickup in orders in March was unable to offset weakness in January and…

clock May 4, 1994Thomas J. Ryan

Financial

Wachner Sees New Growth for Warnaco, Authentic Fitness

NEW YORK — Linda J. Wachner said Tuesday she expects new products, licenses, and distribution channels to drive strong growth for both companies she heads — The Warnaco Group and Authentic Fitness Corp.

Speaking at an investor conference…

clock April 20, 1994Thomas J. Ryan

Financial

Avon Sees 1st-Quarter Continuing Net at or Better Than February Forecast

NEW YORK — James E. Preston, chairman and chief executive officer of Avon Products, said he expects earnings and sales from continuing operations in the first quarter to meet or exceed gains forecast in February, largely due to better than expected…

clock April 1, 1994Thomas J. Ryan

Financial

Analysts See Textile Rebound in 2d Half

NEW YORK — Despite the recent hike in cotton prices, Wall Street expects earnings at textile firms to recover in the second half of 1994, fueled by a long-awaited pickup in apparel demand at retail.

“It’s not going to be great. There aren’t…

clock March 30, 1994Thomas J. Ryan

Fashion Features

At Fossil, Growth Has Many Faces

NEW YORK — While most of its growth is expected to come from new products and international expansion, Fossil Inc. still sees lots of room for its core Fossil brand fashion watches to expand market share in department stores.

“Our philosophy…

clock March 28, 1994Thomas J. Ryan

Financial

Merrill Lynch’s $4,900 Pays it $7.5M in McNaughton Offering

NEW YORK — Merrill Lynch Interfunding Inc., which paid $4,900 for 49 percent of Norton McNaughton Inc. in a 1991 leveraged buyout, netted another $7.5 million last week from the sale of 592,140 shares.

That brought Merrill Lynch’s total take…

clock March 21, 1994Thomas J. Ryan

Financial

Crowley Milner’s Comeback Affects its Stock in a Big Way

NEW YORK — Crowley Milner & Co., the Detroit-based department store chain, just reported its first annual profit since 1989. The turnaround has been reflected in a dramatic rise in the stock.

The earnings resulted from an improvement in…

clock March 14, 1994Thomas J. Ryan

Financial

Corporations Cashing in With Secondary Offerings

NEW YORK — The secondary market for apparel issues has heated up recently, providing a fountain of cash for corporate principals.

In secondary offerings made over the past four months by Jones Apparel Group, Kohl’s Department Stores, Reebok…

clock March 7, 1994Thomas J. Ryan

Financial

Gap Quarter Net Up 66%

NEW YORK — Earnings at The Gap Inc. shot up 66 percent in the fourth quarter, boosted by improved margins at The Gap, GapKids and Banana Republic divisions.

In addition, the company is accelerating its expansion, planning about 200 new units…

clock March 4, 1994Thomas J. Ryan and David Moin

Fashion Features

Small Firms are Making a Big Splash on Wall Street

NEW YORK — The little guys are going for the gold on Wall Street.

While small companies have not been excluded from the stock markets, a recent spate of initial public offerings by apparel firms and retailers with volumes ranging from $3…

clock February 28, 1994Thomas J. Ryan

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