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I don’t know if this article has been posted here before, as it’s over 6 months old. There was one part of the article that got my blood boiling, and that is the following quote:
“Hanesbrands doesn’t plan to pump money into its hosiery business, which has been eroding for several years as pantyhose have fallen out of fashion. “We don’t see any change in that, so we manage that business for cash,” Mr. Chaden says.
Unbelievable!!! I guess they’ve just given up!!
The full article is at:
Yeah, I know where it’s going…probably into the chairman’s new yacht, $100,000 bathroom, summer home in the Hampton’s, augmenting the silver spoon collection…etc, etc. etc…
This is not good news.
Adina sounding a bit disgruntled this evening.
Hanes is probably taking the profits from their dying hosiery business and pumping it into new initiatives such as:
- Highlight your unique and special Ass Tattoo with a cute lacy window!
- Extra comfy loungewear for your “special time” of the month.
- No more toes thru the holes!
- Sexy, 1970’s style! And no more sliding around on the sheets!
- Dress up your flip flops with these whimsical, sexy elastic covers!
Now please excuse me; I’m off to go swallow the end of a shotgun…
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- a free site for pantyhose lovers
Not so sure the CEO could justify throwing money at a declining industry to the stockholders. It’s just business, nothing else. Believe me if pantyhose (WHEN pantyhose) come back into favor Hanes and all the other hosiery companies will be sure to cash in and flood the market with our favorite article of clothing. It’s all one big cycle, everything comes & goes….and comes again.
The problem in the USA in general, rather than with Hanes in particular, is that the hosiery business is dominated by a few very large stock market quoted companies for whom hosiery is just one business unit.
The entire corporation is driven entirely by the need for the executives to keep the stock price high for investors. They are not in the hosiery business they are in the stock price business.
In fashion this is dangerous because big corporations respond slowly, particularly if business units have been closed or sold.
Smaller hosiery producers in Europe have sometimes fallen into the hands of large groups such as Sara Lee and rather than find they have a parent to look after them they are simply bought/sold/closed to suit the parents current cash/stock price needs.
Luckily Europe still has a large number of hosiery only companies, some producing one brand, others being a group of brands. I am sure that many are producing below capacity, although production should be rising as hosiery is set to come back into fashion.
The upside for the US pantyhose lover is that the Europeans will move in to fill any demand that US manufacturers can’t meet. So when pantyhose come back into fashion you may have the chance to buy a greater range of far superior European hosiery.
I review dozens of brands and hundreds of styles on my site, most you can buy now on line.
CJ
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CJ Webmaster at
Number one for tights and pantyhose reviews.
Exactly!
The success of Spanx shows that it’s still possible for a garage company with a real interest in hosiery and fashion to make it big. The latent demand is out there, it’s just that the Sara Lee behemoth can’t be bothered with chasing fashion.
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- a free site for pantyhose lovers
Not to totally hijak your thread, but this is the problem with ALL big business. They no longer are in business to provide a superior product/service but to provide a superior stock price/dividend.
When will stock prices reflect the quality of the good/service not just how a suit can juggle the income/expense?
Hell if I sold stocks of HiH, Inc. I would be rich! My revenues are up 2% over last year’s estimates, my expenses are up 1% overall, but down 5% over previous forecasts. I have trimmed my holdings of non-performing assets to steamline revenue production.
/rant off
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I like the little way the line runs up the back of the stockings
I’ve always liked those kind of high heels, too, ya know I…
No, no, no, no don’t take ‘em off. Don’t take…leave ‘em on
-Van Halen
The status of pantyhose is a symptom of a much larger problem as hubs_in_hose and others have shown. Jobs are heading overseas from the US to the developing countries. Jubak has pointed out that there is no plan to counteract this trend. Wall Street expects companies to offshore and jettison their current workforce.
Pantyhose is (are?) a sort of “canary in a coal mine.” It has always been vulnerable since a sizeable proportion of women have never liked them and it took corporate dress code policy and television to ensure a market. The hosiery companies missed the trends and could not respond with new products much like most US business has not found a viable solution to compete with the rest of the world.
I noticed things were going bad back around 1994 when L’eggs ad campaign was the feeble “Put on your L’eggs and go!” . I haven’t seen an ad for the former powerhouse since. We’ve noticed that floor space for hosiery is rapidly disappearing, ads have disappeared from TV and print media and varieties of pantyhose such as STW, my favorite, are almost non-existent. Then again, network TV, newspapers, bowling, neighborhood bars, compact discs, and department strore are having a hard time as well.
I disagree with this assertion. By this logic, we should be awash in cheap, shitty quality foreign pantyhose. In fact, things are completely backwards. We are awash in cheap shitty US-made pantyhose, and the “premium” brands are nearly all from overseas.
In fact, Hanes and L’eggs began outsourcing several years ago. They have rebranded Italian hose and sold them under the US names.
What is hurting domestic pantyhose sales is a combination of two things: 1) Pantyhose are simply out of fashion, and 2) US pantyhose has traditionally been cheaply made and uncomfortable, which helped #1.
Now the market has spiraled down into the basement, and besides us, nobody seems to care, least of all the people whose jobs it is to sell hosiery.
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- a free site for pantyhose lovers
I agree with you to a certain extent, but how is it that pantyhose were made the same way for years, yet only in the past decade have they been in a decline?
I know there are people on this board that seem to think the decline started in the past 5 years, but I noticed it in the mid 90’s.
Anyway, my point is, pantyhose were so prevalent and in fashion for decades (especially the 70’s and 80’s) and were made probably cheaper and less comfortable than ones that are on the market today, yet, less women are wearing pantyhose now than ever before.
They’re in decline because of “fashion,” namely the fashion of dressing more casually. The perceived discomfort of pantyhose also accelerated the decline.
In other words, you had a certain percentage of women who always hated hose, but were forced to wear them by social pressures. Once the social pressure is relaxed, they jumped at the chance to get rid of them.
And once the hose-haters started going bare without repercussions, it became fashionable. Then the “hose-neutral” women sensed they were being left behind, so they ditched hose too.
Couple this with these women having daughters, who see hose wearing as impossibly old fashioned because “Mom did it”, and you have the beginning of a nasty trend.
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- a free site for pantyhose lovers