The Road to Profit, Paved With Panties
Retailers are jostling to outdo one another in a $9.1-billion intimate-apparel niche, wooing women of all shapes and ages with underwear.
By Leslie Earnest, Times Staff Writer
It seems like a license to print money: Stitch together tiny pieces of fabric, pitch it to women as apparel that makes them sexy, mark it up to as much as $80, then watch the cash roll in.
That may explain why so many apparel retailers are hot for the lingerie business.
Gap Inc., not known for sizzling underwear, is adding 30 more GapBody sections to its namesake stores this year — three times as many as last year — selling panties, bras and pajamas.
Levi Strauss & Co. of San Francisco, known mainly for its jeans, has just begun delivering its own brand of panties and bras to store shelves. The frill-free products feature jeans-style detailing, such as rivets and contrast stitching.
And Victoria's Secret, which transformed the retailing of come-hither lingerie two decades ago, is targeting college students with a line of intimate apparel that analysts predict will become its own chain next year.
Retailers are jostling to outdo one another, wooing women of all shapes and ages with lingerie. The $9.1-billion intimate-apparel niche, including loungewear such as negligees and camisoles — represents almost 10% of total women's apparel sales nationwide, said Marshal Cohen, chief analyst at NPD Group, a market research firm. Sales of sleepwear are an additional $3.6 billion....
http://www.latimes.com/business/la-fi-lingerie6nov06,0,7212426.story?coll=la-home-business