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Recent News

jcpenney Completes New Five Year $1.25 Billion Credit Facility

J. C. Penney Company, Inc. (NYSE: JCP) announced today that its wholly-owned subsidiary, J. C. Penney Corporation, Inc., has completed a new five-year $1.25 billion bank credit facility. The new facility replaces a $750 million credit facility that was scheduled to mature in April 2012 and provides further strength to the Company's liquidity position.

Effective today, the facility may be used for general corporate purposes and will mature in April 2016. In addition, the facility's financial covenant thresholds for both the leverage ratio and fixed charge coverage ratio have been set in alignment with the Company's 2011 operating plan and adjusted to remove the impact of non-cash pension expense. The facility is secured by the Company's inventory, which can be released upon attainment of certain credit rating levels.

Pursuant to this refinancing, the Company now expects to incur approximately $9.0 million in related fees and expenses in the first quarter of 2011. The Company plans to announce its first quarter results on Monday, May 16, 2011.

The arrangement of the credit facility was co-led by J. P. Morgan, Bank of America Merrill Lynch, Barclays Capital and Wells Fargo Bank.

About J. C. Penney Company, Inc.

J. C. Penney Company, Inc., one of America's leading retailers, operates over 1,100 jcpenney department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet, jcp.com. Serving more than half of America's families each year, the jcpenney brand offers a wide array of private, exclusive and national brands which reflect the Company's vision to be America's shopping destination for discovering great styles at compelling prices. Traded as "JCP" on the New York Stock Exchange, the $17.8 billion retailer is transforming its organization to support its Long Range Plan strategies to build a sustainable, profitable enterprise that serves its customers, engages its associates and rewards its shareholders. For more information visit, www.jcpenney.net.

Learn more about JCPenney on Apparel Search.

The Wet Seal, Inc. to Broadcast First Quarter Fiscal 2011 in May

The Wet Seal, Inc. (NASDAQ:WTSLA), announced that the Company will host a conference call on Thursday, May 19, 2011, at 4:30 p.m. eastern time to discuss first quarter fiscal 2011 results, followed by a question and answer session.

To participate in the conference call, please dial (888) 211-4461 and provide ID # 9351507. A broadcast of the call will also be available on the Company’s website, www.wetsealinc.com. A replay of the call will be available through May 26, 2011. To access the replay, please call (888) 203-1112 or (719) 457-0820 and provide the ID number above.

About The Wet Seal, Inc.

Headquartered in Foothill Ranch, California, The Wet Seal, Inc. is a leading specialty retailer of fashionable and contemporary apparel and accessory items. As of April 2, 2011, the Company operated a total of 534 stores in 47 states and Puerto Rico, including 452 Wet Seal stores and 82 Arden B stores. The Company’s products can also be purchased online at www.wetseal.com or www.ardenb.com. For more company information, visit www.wetsealinc.com.

Exceed Schedules 2011 First Quarter Financial Results Release

Exceed Company Ltd. (NASDAQ: EDS) ("Exceed" or "the Company"), the owner and operator of "Xidelong" brand - one of the leading domestic sportswear brands in China, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2011 after the US market closes on Monday, May 16, 2011.

The earnings press release will be available on the investor relations page of the Exceed website at http://www.ir.xdlong.cn.

R.G. Barry to Report Results

R.G. Barry Corporation (Nasdaq: DFZ) plans to announce its third quarter/nine-month operating results and conduct a conference call and Webcast on Tuesday, May 10, 2011.

The Company will issue a news release detailing its performance prior to the market open. Senior management will then discuss its operating results and business outlook during a conference call/webcast planned for 9 a.m. Eastern Daylight Time.

To listen via the Internet, log on to http://www.videonewswire.com/event.asp?id=79121.

The conference call will also be available at 800.860.2442 (U.S.) and +1.412.858.4600 (international) until five minutes before starting time.

Call replays will be available beginning approximately one hour after the call conclusion and running through 9 a.m. Eastern May 18, 2011 at 877.344.7529 (U.S.) and +1.412.317.0088 (international); ask for conference number 450640. Replays and a written transcript of the call will be posted for up to one year at the Investor Room section of the Company's Website.

Three New Bloomingdale’s Outlet Stores to Open in Fall 2011

Macy’s, Inc. announced today the locations for three new Bloomingdale’s Outlet stores to open in fall 2011. They will join the first four Bloomingdale’s Outlet stores opened in fall 2010 as the concept was launched.

Stores will open in the following shopping centers with an upscale outlet store focus:

  • Miromar Outlets, Estero, FL (25,000 square feet; opening planned for September 2011);
  • Wrentham Village Premium Outlets, Wrentham, MA (24,000 square feet; opening planned for October 2011);
  • Woodfield Village Green, Schaumburg, IL (24,000 square feet; opening planned for October 2011).

Learn more about the Three New Bloomingdale's Outlet Stores Opening Fall 2011 here on the Fashion Newspaper.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2010 sales of $25 billion. The company operates about 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s, as well as the macys.com and bloomingdales.com websites. The company also operates four Bloomingdale’s Outlet stores.

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Columbia Sportswear Company to Announce First Quarter 2011

Columbia Sportswear Company plans to release financial results of its first quarter at the close of regular market trading hours on Thursday, April 28, 2011.

At approximately 4:15 p.m. ET, a commentary by Tom Cusick, Senior Vice President, Chief Financial Officer and Treasurer, reviewing the company's first quarter 2011 financial results, Fall 2011 order backlog and full year 2011 financial outlook will be filed with the SEC on Form 8-K and published to the company's website at http://investor.columbia.com/results.cfm. Analysts and investors are encouraged to review this commentary prior to participating in a conference call to be hosted by senior management at 5:00 p.m. ET.

To listen to the conference call, please dial 877-407-9205. The call will also be webcast live on the Investor Relations section of the Company’s website at http://investor.columbia.com where it will remain available until April 26, 2012.

Columbia Sportswear Company is a leading innovator in the global active outdoor apparel, footwear, accessories and equipment markets. Founded in 1938 in Portland, Oregon, Columbia products are sold in more than 100 countries and have earned an international reputation for innovation, quality and performance. Columbia products feature innovative technologies and designs that protect outdoor enthusiasts from the elements, increase comfort, and make outdoor activities more enjoyable. In addition to the Columbia brand, Columbia Sportswear Company also owns outdoor brands Mountain Hardwear®, Sorel®, and Montrail®.

Learn more about Columbia Sportswear on the Apparel Search fashion industry directory.

Liz Claiborne Inc. to Webcast April 28, 2011

Liz Claiborne Inc. will webcast its 2011 Investor Day Conference to the general public on Thursday, April 28, 2011, beginning at 9:00 a.m. Eastern Time. This webcast can be accessed via the Investor Relations section of the Liz Claiborne Inc. website at www.lizclaiborneinc.com. An archive of the webcast will be available through Thursday, May 19, 2011

Chico's Declares Cash Dividend of $0.05 Per Share

Chico's FAS, Inc. yesterday announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on its common stock. The dividend will be payable on June 27, 2011 to Chico's FAS shareholders of record at the close of business on June 13, 2011. While it is the Company's intention to continue to pay a quarterly cash dividend for fiscal 2011 and beyond, any decision to pay future cash dividends will be made by the Board of Directors and will depend on future earnings, financial conditions and other factors
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Recent Articles

Orta Blu Denim Manufacturer Wants to Create Better Cotton Fields

Orta Blu, the sustainability division of Orta, one of the worlds largest denim manufacturers, is working with local Turkish cotton farmers to help them in the transition to producing “Better Cotton”.

Orta Blu will assist the farmers implement the BCI (Better Cotton Initiative) protocol which dictates growing
cotton in a way that reduces stress on the environment and improves the livelihoods and welfare of farming communities.

Orta Blu is using their newly created on-line platform www.ortablu.org to document their efforts in decreasing their environmental impact with their denim production and to promote their
global Social Missions at www.ortablu.org/social.
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Learn more about cotton suppliers on Apparel Search.

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Fashionable Wedding Dress Collections Available Online from Shenzhen Wuzhou Changlian International Trading Co

For the coming summer wedding season, more people are trying wedding dress outlets or online shopping, to get the most suitable dress and become the most beautiful bride. Among so many choices, it is not easy to get a fashionable, economical wedding dress. but Shenzhen Wuzhou Changlian International Trading Co. can help solve this problem.

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Nordstrom helps raise awareness and funds for hepatitis B testing and prevention

Nordstrom, Inc. announced today that it is recognizing Asian Pacific American Heritage Month in 2011 by teaming up with Hep B Free and OCA to help raise awareness of the importance of getting tested for hepatitis B—the leading cause of liver cancer and one of the greatest health disparities facing the Asian Pacific American community.
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Livable Chic Style to The Foundary Designer Gallery : Members Only

The Foundary, an exclusive, members-only home and lifestyle flash sale site, today announced its largest "Designer's Gallery" special sales event to date, featuring a collection of home furnishings, home accessories and lifestyle products from Courtney Cachet, celebrity design expert for NBC's "Open House" and "George to the Rescue" and popular style blogger for The Huffington Post.
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Softlips Lip Care Brand Gets Fresh New Look

The Mentholatum Company is announcing the launch of a complete packaging refresh of their popular and growing Softlips® lip care line. The update includes fresh new packaging graphics and a new logo, along with the kick-off of the "Softlips®. So You™." marketing campaign, all in time for the summer season.
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Auri Inc Announces Expands Retail Presence with 50 New Brand Placements

Auri, Inc., (OTCBB: AURI) www.aurifootwear.com, announced today that the Company has expanded its retail presence with 50 new brand placements since January of 2011.
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New Five Year 1.25 Billion Dollar Credit Facility for JCPenney

J. C. Penney Company, Inc. (NYSE: JCP) announced today that its wholly-owned subsidiary, J. C. Penney Corporation, Inc., has completed a new five-year $1.25 billion bank credit facility. The new facility replaces a $750 million credit facility that was scheduled to mature in April 2012 and provides further strength to the Company's liquidity position.

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The Wet Seal, Inc. to Broadcast First Quarter Fiscal 2011 in May

The Wet Seal, Inc. (NASDAQ:WTSLA), announced that the Company will host a conference call on Thursday, May 19, 2011, at 4:30 p.m. eastern time to discuss first quarter fiscal 2011 results, followed by a question and answer session.

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OBJE Completes Negotiations Successfully with Global Chinese Distribution Company

As Obscene Jeans Corp. (OTCQB:OBJE) readies its debut denim line for worldwide release, company president and CEO Robert Federowicz announced today that OBJE has successfully finalized negotiations with Beijing Beautyfresh International Trade Co. (Beautyfresh) for a global strategic profit alliance designed to give the hot new fashion firm professional distribution of its products in Asia and Europe.

“They will open up tremendous marketing opportunities for our brand, beginning in China and Greece and continuing to other markets around the world as quickly as possible.”

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True Religion Apparel First Quarter 2011 Results

  • Q1 2011 net sales increased 20.4% to $93.8 million
  • U.S. Consumer Direct net sales increased 37.6%; same-store sales increased 7.4%
  • International net sales increased 34.0% to $18.5 million
  • Q1 2011 diluted earnings per share were $0.36 versus $0.34 in Q1 2010
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VipStore Leads China in Luxury E-commerce Shopping Clubs

Gilt has become a synonym for luxury e-commerce in the US and across Europe by building out portals based on their invitation-only + discount + luxury brands formula. Now, the luxury e-commerce wave is sweeping across China. Research shows that the web has become the luxury product buyer's second-most commonly visited locale for learning about luxury products, after bricks and mortar stores. More and more companies are taking advantage of the Gilt business formula to expand into the sector, which has witnessed increasing venture capital inflows.

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Trendy Pants Appear As Harem Pants : DinoDirect Online Shopping

Continuing its tradition of offering useful products to its clients, dinodirect.com has once again come up with a highly stylish product, Harem Pants and long sleeve dress. The increasing fashion has given a look to pants. Earlier pants used to be simple and less attractive. The introduction of harem pants once again revived the fashion of pants. These pants give men a unique look. In summer season the markets are flooded with variety of pants. The harem pants are designed exclusively to suit men of every age.

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U Connect LIVE : Consumer Product Safety Improvement Act (CPSIA) 2011 Event

U Connect LIVE is rapidly approaching and they would like to highlight some of the benefits for the apparel industry. Whether learning about the Consumer Product Safety Improvement Act or EPC-enabled RFID, the conference will help support your company's initiatives. You can focus on consumer safety while improving your efficiency and trading partner relationships.
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Venetian Jewelry Importer Direct from Venice

In an effort to satisfy growing client demand, Tom Dickenson and his company, Direct from Venice, have reached exclusive agreement with a classically trained expert Murano glassmaster to sell individual one-of-a-kind pieces of the artist's own design, as well as to design custom jewelry according to specific client request. This represents an unprecedented entrance into the custom world of Murano jewelry, previously available only by visiting Italy itself.

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Miss Catherine Middleton Wears Earrings Designed by Robinson Pelham Jewellers

Robinson Pelham Jewellers are greatly honoured and delighted to announce that Miss Catherine Middleton is wearing a pair of hand made diamond earrings which they have designed especially for her marriage to His Royal Highness Prince William of Wales.
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13.56MHz RFID Reader Antenna makes for inventory solution

DAILY RFID has announced the 13.56MHz RFID Reader antenna for inventory needs. The reader antenna plays an important role in RFID inventory management, since it gives a better RF signal to increase the read range, and enables dozens of 13.56MHz tags to be scanned simultaneously.
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Luxottica Posts Nice Growth in First Quarter of 2011 : Fashion Eyewear News

The Board of Directors of Luxottica Group S.p.A. a leader in the design, manufacture and distribution of fashion, luxury and sports eyewear, met today and approved the consolidated results for the first quarter ended March 31, 2011, in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IAS/IFRS).

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Zumbawear Apparel Line From Gym To Street : Zumba Fitness

Zumbawear Zumba
Zumba Fitness, LLC, creator of the acclaimed Zumba® fitness-party workout with a global following of millions, expands its lifestyle brand with the launch of the 2011 Zumbawear™ Wonderland collection including apparel, shoes and accessories for women and men.

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Timberland Opens New Retail Location in San Francisco

The Timberland Company today announced details about its new San Francisco retail location at 845 Market Street (part of the Westfield San Francisco Centre, with Market Street access), which officially opens its doors tomorrow, Friday, April 29 at 10 am. For the first time in almost a decade, consumers will be able to experience the renowned outdoor retailer's footwear, apparel and accessories first-hand in one of Northern California's busiest retail neighborhoods.

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Barneys New York to Feature Daphne Guinness : Launching Exhibition of Guinness and Isabella Blow Collections

Barneys New York announced today that they have collaborated with Daphne Guinness to curate a selection of pieces from Guinness's private collection, as well as from the collection of Isabella Blow, to be featured in the Madison Avenue windows. This will be the first time Blow's collection has been seen in public since Guinness acquired it in the summer of 2010. The window display will include several experiential moments, beginning on Monday, May 2nd when Guinness will prepare for The Metropolitan Museum of Art Costume Institute Gala by presenting a staged display in the window while donning a gown designed by Alexander McQueen, who is being celebrated at the event later that evening.

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