Apollo Presents Quick Bleach

Apollo Chemical Corp., Burlington, N.C., has introduced its Quick Bleach System for jets. According
to Apollo, a cycle time of less than 90 minutes is possible when the system is used to prepare
fabric for dyeing procedures. The system incorporates multifunctional Stabilite PKM at the
beginning of the procedure, an alkali neutralizing and dispersing agent on the cool-down, and a
catalase for peroxide neutralization at the end of the cycle. The Quick Bleach System also can be
used for optical white procedures.

May 2002

DuPont Ink Jet Monaco Enter Marketing Agreement

Under the terms of a joint marketing agreement, DuPont Ink Jet, Wilmington, Del., will license
Andover, Mass.-based Monaco Systems software to build profiles specifically for the DuPont Ink Jet
3210 printer.MonacoProfiler software is a color-management solution used to create ICC profiles for
input devices, monitors and color output devices. The two companies hope the combination of
technology and software will enhance the digital workflow for textile printing with DuPonts Ink Jet
3210 printer.

May 2002

Kellwood Co Completes 240 Million Credit Facility

St. Louis, Mo., May 9, 2002 Kellwood Company announced the completion of a $240 million three-year
unsecured credit facility. This new facility, along with nearly $150 million of cash as of April
30, provides the company with ample liquidity and financial flexibility to meet the operating,
strategic and corporate development needs of the company.Funds borrowed under the new agreement and
the $10 million of cash and time deposits will be used as a source of working capital, for general
corporate purposed and to fund acquisitions.Banc of America Securities LLC is the sole lead
arranger and sole book manager. Banks participating in the new credit facility include Bank of
America, N.A., as administrative agent; JPMorgan Chase Bank, as syndication agent; and USBank, and
The Bank of Nova Scotia as co-documentation agents. Bank One is a co-agent. Mizuho Corporate Bank
Ltd., The Bank of New York, UMB Bank, N.A., First Bank and Israel Discount Bank of New York are
also participating in the new facility.Kellwood Company (NYSE: KWD) is a $2.1 billion marketer of
apparel and recreational camping products. Source, www.kellwood.com

Polymer Prognosis

It is becoming increasingly apparent that the U.S. man-made fiber industry is being buffeted by the
same forces that have driven so much garment and made-up article manufacturing offshore. Man-made
fiber production does not suffer from excess labor costs. Rather, the industry has successfully
reduced costs to become internationally competitive but cannot compete against politically
fostered, unending international pressures including, but not limited to, financial crises,
appallingly low wages, government subsidies and working conditions long since banned in the United
States. Fiber production in the United States cannot exist on efficiency and process improvement
alone; it must search for and work with new markets, products and/or customers for future
sustenance.In the past,
Textile World has commented about the industrys need to explore new markets with existing
products, as well as the need for new products. In this issue,
TW delves more deeply into what the industry has done and is doing to create new products
to replace the commodity items surrendered to international suppliers.  In recent issues, a
number of polymer developments designed to position the industry in new areas have been reviewed.
To date, most of these developments remain small players in the multi-billion-pound U.S. market,
but a few appear to display characteristics needed for expanded production and distribution. Most
of these improvements address penetration into home fashion and industrial markets areas less
susceptible, but not immune to, import pressure.Comments are limited to pure, new polymeric
innovations, but occasionally have included items that are more accurately described as polymer
improvements. Often, these are as valuable as truly new chemistry and worthy of discussion.

Randy Howard, president and CEO, Cargill Dow, said, “We are not a niche player. We are
global. We are a reality and we are here to stay,” as he addressed the crowd at the opening of the
first global-scale polylactide production facility. NylonIt appears that development of
polymer variants for traditional nylon distribution has slowed in the past several years. The
reorganization of the DuPont fiber activities, of which nylon is a major, if not the major part,
signals a bleak future for traditional nylon products. It should be noted that Kevlar® and Nomex®,
para-aramid cousins of nylon, remain in DuPont. Potential in optical fiber reinforcing; circuit
boards; and brake linings, belts and hoses in increasingly harsh automotive under-hood environments
offer opportunities to turn these fibers from niche players into markets.PolyesterPolyester
producers feel particular pressure to diversify, since polyester staple has felt the wrath of
imports more than any other fiber. KoSa, Houston, announced several developments last year, adding
Type 55 Celbond to its family of nonwovens-targeted fibers. Type F55 is a bicomponent fiber with a
polyester core in a polypropylene sheath for improved performance in airlaid nonwovens. Polyester
provides the strength, durability and recovery, while the olefin sheath bonds at a low melt
temperature. Among its offerings and brands for hospitality, healthcare and home furnishing
end-uses, KoSa continues to offer ESP® stretch fibers and Microtherm® microfibers, and supports a
licensing program for its Avora® FR brand of inherently flame-resistant fabric. A recent
introduction is Imbue antimicrobial yarn with built-in properties to eliminate odors and protect
against bacterial growth.Wellman Inc., Charlotte, N.C., has added Sensura to its family of fibers
(See Quality Fabric of the Month, ATI, December 2000). The material reportedly has a
polyester heritage, but is formed from several different comonomers. Wellman describes the fiber as
a low-pilling, optically brightened, disperse-dyeable staple fiber with properties making it a
viable cotton competitor. The company feels the product is sufficiently different to qualify as a
new generic fiber class. Italy-based Gruppo Bonazzi, producer of the Aquafil family of textile
yarns, recently introduced a polyester-based, ceramic-containing fiber that is designed to block
the suns rays and provide comprehensive protection from heat and ultraviolet rays. In strict terms,
it is a polymer addition, not a polymer variant, but it is designed to accomplish the same end open
a new market and replace commodity materials with products that offer the customer added
value. Polytrimethyl Terephthalate (PTT)

Using a precursor material from Houston-based Shell Chemical, KoSa has begun producing
Corterra fibers for carpet, apparel, home fashion and automotive end-uses. Strictly speaking,
Corterra is not a recent development, but rather an ongoing development that slowly is gaining
adherents in the fabric industries. Shell and KoSa tout softer hand, easier dyeing, color
retention, and better stretch and recovery as important features of their materials. As might be
expected in the United States, development of apparel fabrics has been limited, although
considerable effort has been expended on apparel fabrics in Europe and the Far East. While
worldwide capacity for fibers is limited, Shell remains actively interested in supplying the
polymer precursor. The barriers to entry for other fiber producers have been reduced by raw
materials, but here, the fiber producer can concentrate on fiber production and distribution and
leave the polymer chemistry to Shell.In addition to supplying the polymer to KoSa in the Western
Hemisphere, Shell has supplied quantities to a number of offshore producers. Polylactide
(PLA)The newest fiber on the horizon is the NatureWorks polylactide (PLA) family of materials from
Cargill Dow LLC, Minnetonka, Minn. Cargill Dow does not spin the fiber; it is, and intends to
remain, the supplier of precursor polymer. While introductory market tests are being handled by
market-wise producers, here, as with PTT, low barriers to entry hinder added fiber-producing
capacity from joining the fray. Based on an annually renewable raw material resource corn the
fibers, according to the company, offer better skin sensitivity, thermal insulation, breathability
and absorbency characteristics than polyester.

Cargill Dow recently opened a facility in Blair, Neb., which will produce more than 300
million pounds of NatureWorks PLA annually. Additionally, because corn is the raw material,
NatureWorks is merchandising the materials as truly biodegradable natural fibers. Pilot plant
production is in market tests at Fiber Innovation Technology (FIT), Parkdale, Unifi, Interface and
several international partners. Cargill Dow recently announced another production capacity that,
when completed, is expected to provide 140,000 metric tons (more than 300 million pounds) of
polymer, half fiber grade and half for packaging and molding. AntimicrobialOne of the hotter
(pun intended) areas of fiber development is production of antimicrobial fibers. In addition to
several proprietary processes, two prominent techniques are used to achieve antimicrobial
properties: the combination of ionic silver and fiber polymer, a the AgION process; and the use of
Triclosan, a chlorinated phenoxy compound. Nylstar®, the joint venture of Rhodia S.A., France, and
Snia S.p.A., Italy, uses a proprietary material to produce Meryl® Skinlife; Foss Manufacturing Co.,
Hampton, N.H., uses AgION materials and Sterling Fibers uses Triclosan in their acrylic fibers. A
major advantage of antimicrobial fibers, vis-is topical treatments, is property permanence through
multiple wearings, washings and cleanings in a variety of apparel, home fashion and industrial
end-uses. To name a few wipes, socks, healthcare fabrics, filters, uniforms, sheets and
towels. PolyethyleneHoneywell, Morristown, N.J., and its predecessor, AlliedSignal, long have
manufactured limited quantities of polyethylene fibers. Linked to Allieds traditional industrial
nylon position, Honeywell recently announced a capacity doubling of Spectra® polyethylene fibers to
offer additional lightweight, strong fibers to armored vehicles, body armor, cordage, sailcloth,
cut-resistant gloves and sporting goods. Honeywell is the sole polyethylene producer in the United
States. Hoechst produces Certran in Europe; Dutch State Mines (DSM) makes Dyneema® in Europe, while
Toyobo owns the label and produces Dyneema in Japan. Fire RetardantsMany roads lead to
flame-retardant/flame-resistant (FR) fibers, and virtually an equal number of roads, led by product
liability concerns, lead away. Many firms have tried and dropped FR; the remaining are extremely
careful of their warranty status. KoSas Avora FR brand of inherently flame-resistant fabrics has
already been mentioned. Other fibers follow:It is expected that FR for industrial and home fashion
end-uses will increasingly dominate fabric development. U.S. textiles was dragged kicking and
screaming to the FR altar but, in retrospect, the marriage has been comfortable and profitable.
There is no reason to expect fewer FR regulations, particularly if you do business in Europe.Glass
fibers, once used extensively in window treatments, are inherently FR, but their difficulty in
processing, poor flex resistance and severe employee concerns necessitated development of safer
alternatives. Current materials include the old standby, Nomex, from Dupont. Aramid-based,
supplemented with proprietary FR technology, it was introduced in the late 1960s and is focused on
protective clothing, high-performance hoses and high-temperature electrical end-uses. From the
original one-fiber offering, it now is available in a series of variants designed for specific
markets. BASF, Mount Olive, N.J., provides a melamine-based fiber, Basofil®. Basofil combines a
unique polymer technology with non-round and variable diameters, which create insulative pockets in
the fabric, adding thermal protection to the garment. Germany-based Celanese offers
polybenzimidazole materials under the brand PBIGold®. End-uses include all sorts of heat-resistant
and protective industrial apparel; such as that worn by firefighters, industrial workers and
race-car drivers. Pump packing, gaskets and brake components are other end-uses. Acrylic producers
have manufactured significant amounts of modacrylic fibers (usually containing a bromine component
to impart FR) for apparel and home fashion end-uses. One of the best known is Sunbrella® Firesist
awning, an umbrella and marine fabric from Glen Raven Mills, Glen Raven, N.C. Rhodia produces
Kermel®, a polyimide-amide fiber for European markets and periodically has distributed minor
quantities in the United States.  Engineering PolymersSeveral traditional engineered polymers
are finding their way onto extruders to be tried as specialty fiber materials. None yet are market
saviors, but several hold considerable promise, and
TW plans to monitor their progress periodically throughout the coming year. Polyethylene
naphthalate (PEN), a cousin of polyester and PTT, is being tried in industrial end-uses for
improved creep resistance in specialty hoses, belts and tires. United Kingdom-based Zyex Ltd.
produces limited quantities of monofilament polyether-etherketone (PEEK) fibers, interesting for
their abrasion-resistant, lightweight characteristics. The fibers are hollow to offset the
relatively high cost of the polymer precursors. Fluropolymer (PTFE) fibers are produced in Europe
by Austria-based Lenzing AG, and in the United States by W.L. GoreandAssociates, Newark, Del.
Highly specialized materials, they are used primarily in valve and bonnet packings and filters for
hot-gas filtration. After many years away from the synthetic side of the man-made fiber business,
Eastman Chemical Co., Kingsport, Tenn., has resurfaced with a precursor polymer for polycyclohexane
dimethylene terephthalate (PCT) fibers. Stated advantages are soft hand and excellent compression
recovery for pillows and cushions. Eastman also has introduced Eastar Bio, a copolyester completely
biodegradable in normal composting conditions
(See Quality Fabric Of The Month, TW, this issue). Capacity is noted at 15,000 metric tons
per year.Two additional engineering polymers, polyphenylene sulfide (PPS) and polybutylene
terephthalate (PBT), continue to attract attention for specialized markets. It is claimed that
linear PPS provides an excellent combination of thermal, mechanical and chemical resistance
properties. It is inherently flame-retardant, passing the Underwriters Laboratory type flammability
tests. It is being researched for flue gas filters and high-temperature hazardous liquid materials
filtration, with a possibility of significant application in ozone filtering and scavenging. Work
continues to try to take advantage of PBTs natural properties of high strength and toughness with
low creep, even at elevated temperatures. PBT is being positioned between polypropylene on the low
temperature end and PPS for extra-high temperatures in oil and automotive filters. The fibers fine
size and excellent wettability make it a natural for the growing field of blood filtration.Based on
the number of fiber variants investigated, it appears that the imaginative and innovative sectors
of the man-made fiber industry are healthy. The key question, however, involves the financial
arithmetic surrounding each opportunity. The industry has seen many fibers come and go, many with
properties equivalent to or greater than some of those listed here. This analysis suggests that,
given the right raw materials, industrial textiles can enjoy substantial growth. It looks as though
development is ready to lead.

May 2002

Bobbin Americas 2002 Postponed

Bobbin Americas 2002 PostponedBobbin Americas, originally scheduled to take place Sept. 25-27 in
Atlanta, has been postponed due to a desire to possibly realign the show with evolving industry
requirements.Bobbin World 2004, the international sewn-products and apparel exposition and
conference held every three years, is planned to take place in Spring 2004, with dates and location
to be announced this summer.
May 2002

Van De Wiele Introduces Jacquard Velvet Machine

Belgium-based NV Michel Van de Wiele reports its new Velvet Tronic Vtr33 jacquard velvet
weaving machine has a production output 20 to 30 percent higher than current jacquard velvet
models. Features include: balanced reed motion; front-driven leno device for easy style changes;
elimination of false selvages on the right when weaving without filling sector; air cushions; easy
setting system for optimized rapier guiding; three-dimensional cam to stabilize cutting on each
pick; and full electronic touch-screen control. The machine comes equipped with the Piletronic or
Multihook electronic jacquard machine based on the Bonas selection system. The Multihook has an
advanced diagnostic system. The Vtr33 is suitable for weaving upholstery velvet in four frames,
free fabric design or Italian velvet, shadow velvet, woolen bus clothing, and light carpets and
prayer rugs.

May 2002

DyStar Launches Digital Printer Dye Range New Imperon HF Color

DyStar has launched a full range of reactive dye inks to expand its digital textile printing
product offerings. The Jettex® R product line comprises eight standard colors and four
complementary colors. The Germany-based company designed the inks specifically for piezo
printers.In addition, the company has developed a line of acid dye inks. The Jettex A inks will be
launched later this year.DyStar also has introduced Imperon® Green HF-B high-fast pigment to its
line of Imperon pigment preparations. According to DyStar, the pigment is lightfast, thermostable
and suitable for indoor and outdoor applications.

May 2002

Ciba Offers New Cracking And Neutralization Agent

A multifunctional agent, Ciba Specialty Chemicals Invatex® AC, optimizes pretreatment washing
processes following alkaline treatments such as mercerizing, alkaline cracking and peroxide
bleaching according to the Switzerland-based company.Ciba claims the agent ensures adequate core
neutralization for subsequent finishing steps. The product also can be applied to fabrics after
fluorescent whitening to prevent yellowing caused by anti-oxidants. Invatex AC is supplied in
liquid form, so it is suitable for automatically controlled dosing systems.

May 2002

Ramtex

Pushing the limits of technology to spin and weave products a new way There is a
heady feeling about walking into an American textile plant running full-tilt, with the latest
offerings of a number of the worlds leading machinery manufacturers churning out high-quality yarn
and fabric. Thats exactly whats in store for visitors to Ramtex Inc. in Ramseur, N.C.; a
manufacturer of fabrics and yarn for shirting, pocketing and uniform apparel. The plant, located
just a few miles from Asheboro, is a hive of productivity, from opening and blending through
weaving.  In many ways, Ramtex resembles an R and D plant more than an actual yarn and fabric
production facility. Companies such as Murata, Sulzer, Trutzschler and others often approach Ramtex
first when seeking production trials of new machinery. In fact, as
Textile World was considering candidates to profile in this Success Stories issue, the
Ramtex name came up time and time again from machinery manufacturers as an example of a plant on
the cutting edge of manufacturing technology and process control.

Murata selected Ramtex as the third U.S. test bed for its Vortex Spinning
system. Reasons For SuccessThe reasons behind the plants obvious success are many, according
to Walter Bosch, executive vice president. To begin with, we have a very young team of people who
are energetic and enthusiastic, he said. They are not afraid to bring fresh ideas to the table. We
are very strong in process improvement. Secondly, we are a family-owned operation. We have all the
newest machinery. If it comes out and it looks like it will contribute to our business, we get
it. 

Unlike a number of facilities throughout the world that keep machinery for many years, Ramtex
isnt afraid to replace machinery only a few years old if warranted by productivity, efficiency and
quality gains, Bosch said.Another aspect of Ramtex that contributes heavily to its success is the
companys attitude toward people. Bosch, who personally handles the training and education of his
management team, said the company seeks young, enthusiastic people to employ as trainees, as well
as top students from the major textile schools, and sees how they fit into the companys management
system.Ramtex was a Burlington facility until 1988, when it was acquired by the Lee family of Hong
Kong, which owns, among other businesses, the TAL Group, a Hong Kong apparel maker. They are the
biggest shirt manufacturer in the world, Bosch said, and the biggest shirt importer into the United
States. Ramtex is the only production facility in America owned by the family, although there is a
distribution facility in Louisville. They have invested close to $150 million in Ramtex and have
never taken any money out. They reinvest everything.The results of that reinvestment can be seen
out on the plant floor. As a visitor walks through the plant which incorporates one million square
feet under one roof and takes almost an hour to tour at a brisk pace opening and blending is the
first process that makes an impression. With nothing in the opening room more than several years
old, the process is exceptionally clean a necessity, considering the processing rigors the fiber
must endure in this most modern and speedy of mills. The opening room is dominated by new
Trutzschler Blendomat lines. After opening and blending, Trutzschler 803 and 903 cards prepare
sliver at about 120 pounds per hour for the 70 Rieter SB D10 and RSB D30 draw frames. Since a high
percentage of Ramtex production is combed cotton, the plant has Rieter UNIlap lap-winding machines
and Model E60 and E70R combers. Spinning YarnIn ring spinning, the company has 31 RS100
machines from Toyota Industries (formerly Toyoda Automatic Loomworks) linked to Murata Link Coners.
Some of the ring spinning frames are a decade old and are among the oldest operating machinery
still in production at the plant.Ramtex was among the first companies to employ Muratas air-jet
spinning (MJS) systems and still maintains Model 801, 802 H and 802 HR MJS machines in production.
But the unquestioned star of the Ramtex yarn preparation stable is the new Vortex Spinning (MVS)
system from Murata. Although not the first U.S. installation Bosch said Murata at first was looking
for completely vertical installations, and Ramtex does not do any finishing the exceptional track
record of the company prompted Murata to make Ramtex the third U.S. test bed, after Springs and
Russell.While the benefits of MVS are significant, so is the stress it puts on the entire
processing system. Vortex is a very demanding system, Bosch said. You have to have very good sliver
preparation. Carding, combing and drawing need to be excellent, to the highest standards of
quality. There are probably not a lot of mills in the United States that are technologically
capable of utilizing MVS to its fullest potential. It is very, very demanding on the technical
side.But the payoff is big, as well. Manufacturing costs less with the MVS than with ring spinning,
Bosch said. You dont have a roving or handling system, which can be quite costly.Among the biggest
selling points of the MVS system and Ramtex currently has 27 machines installed is its versatility,
Bosch said. You can create a yarn specifically for an application. You can make it more or less
hairy depending upon the needs of the customer.MVS yarns produced at Ramtex find applications in
woven sheets and bedroom accessories; and knitted womenswear, T-shirts and golf wear. Interestingly
enough, while Bosch concedes the yarn quality from the MVS is among the very highest produced by
the plant, Ramtex uses little of the Vortex yarn internally.Were always sold out, he quipped. We
end up buying a lot of our yarn for weaving from companies such as Parkdale.For the immediate
future, Ramtex plans to replace some of its older MJS spinning frames with Vortex technology. The
company currently has 34 of the Murata air-jet spinning machines in place.Ramtex also ran a trial
last year with Rieters ComforSpin compact spinning system. ComforSpin is perfect for shirting,
Bosch said. Someday, when the demand for fine-count, 100-percent cotton yarns increases, we will
have ComforSpin in this plant, I am sure. Weaving FabricIn weaving preparation, Ramtex employs
Benninger Ben-Vac and Ben-Direct warpers, and the new SAS-PW pre-wet sizing system from WestPoint
FoundryandMachine Co. 

For weaving machines, Ramtex enjoys a highly successful partnership with Sulzer, Bosch said.
The company has 260 L5200 air jets in place and is the first U.S. installation of Sulzers M8300
multiphase machine, which is capable of performing four simultaneous weft insertions. There are
currently 14 M8300s in operation and more on the way. Production speed on the M8300 is nothing
short of incredible, with an average of 2,800 picks per minute, which translates into almost 1.5
yards of fabric every minute. The company currently weaves more than 900,000 yards per week;
130,000 of which come from the 14 multiphase machines. The plants weaving operations run in three
shifts, five days per week. The M8300 is a fascinating machine, Bosch said. The potential
productivity is very substantial. However, with such a high-speed machine, there are several
challenges that must be addressed.The first is somewhat obvious. In olden days, a short loom
stoppage would not affect overall productivity to any great degree. At a fraction of the M8300s
speed, there just werent that many yards of production to be lost. With the multiphase machine,
however, it is an entirely different matter. More than two loom stops per 100,000 picks plummet the
machines efficiency level below 85 percent. It is the mission of Ramtex, Bosch said, to maintain
all production machinery at efficiency levels exceeding 90 percent. To avoid costly loom stops, he
said, the yarn must be nearly perfect, particularly the weft. Warp yarns generally acceptable for
high-speed air-jet weaving will usually suffice for the M8300. Another issue with the machine is
style changes, which can be very costly. At this point, there are not a lot of these machines in
place. There havent been a lot of styles developed yet, so every time there is a style change, it
must be developed from the very start. That is an issue Bosch said will likely be resolved when
Sulzer has enough machines installed worldwide to further develop the support base for the
product.During the week
TW visited the plant, the 14 M8300s ran at 82-percent efficiency with an average of 2.8
loom stops per 100,000 picks. Weve got to do better than that, he said, and we will. It is just a
matter of time and experience. Controlling QualityFor fabric inspection, Ramtex relies upon
the I-TEX offerings from Elbit Vision Systems, which detect defects with up to 90-percent accuracy,
roughly double the rate of manual inspection. I-TEX not only detects fabric defects but provides
the exact location of the defect in the fabric roll.With so much ultra-modern machinery, Ramtex
must constantly monitor production data to ensure maximum quality and efficiency. To this end, the
company has an on-line Zellweger Uster SliverData system to monitor carding and drawing. A Murata
system monitors data on both the MJS and MVS spinning systems. An AlphaTex program keeps track of
weaving. Up next for the company is the installation of an on-line system for weaving preparation.
Overall, seven terminals, located at various intervals throughout the plant, give managers and
operators a quick glance at the operating efficiencies of each process.In winding, the company
currently has Murata machinery, but it also has conducted trials with the Schlafhorst Autoconer
338. Bosch is currently awaiting the opportunity to test the new 21-C Process Coner from Murata,
which made quite a splash at the recent Asian textile shows.The facility is ultra-modern and on the
absolute cutting edge of processes and technology. Spinning yarn and making fabric at a frenetic
pace, Ramtex certainly defies current market trends.

May 2002

Sears Agrees To Acquire Lands39 End For 62 Per Share Or 1 9 Billion In Cash

Acquisition Strengthens Sears’ Apparel Offerings; Expands Lands’ End Brand HOFFMAN ESTATES, Ill.
and DODGEVILLE, Wis., May 13 /PRNewswire/ — Sears, Roebuck and Co. (NYSE:S) and Lands’ End, Inc.
(NYSE:LE) have entered into a definitive agreement for Sears to acquire the direct merchant in a
cash tender offer for $62 per Lands’ End share, or approximately $1.9 billion.Upon completion of
the transaction, expected in June, Lands’ End will become a wholly owned subsidiary of Sears and
will continue to be headquartered in Dodgeville. Lands’ End is the largest specialty apparel
catalog company and seller of apparel on the Internet in the U.S.Sears has agreed to commence a
tender offer to acquire all shares of Lands’ End stock. Gary C. Comer, founder and chairman, and
certain other Lands’ End shareholders have agreed to tender their shares, representing
approximately 55 percent of the outstanding common stock. The tender offer requires that at least
two-thirds of the fully diluted shares be tendered. The transaction, which has been approved by
both companies’ board of directors, is contingent upon customary closing conditions, including
regulatory and other standard approvals.Sears will introduce a selection of Lands’ End products
into many of its 870 full-line stores by fall 2002 and is expected to complete product rollout to
stores by fall 2003. Sears stores will carry a compelling assortment of Lands’ End men’s, women’s,
and children’s apparel, as well as a selection of footwear, accessories and home fashions.Lands’
End will continue to offer its complete product line direct to customers through its catalogs and
online at landsend.com. The growth prospects of Lands’ End and Sears’ customer-direct businesses,
which consist of online and catalog operations, will be enhanced significantly.Alan J. Lacy,
chairman and chief executive officer, said the opportunity to be the exclusive retail distributor
of Lands’ End merchandise is significant to the Sears’ overall apparel strategy. It further
differentiates Sears as a destination for nationally recognized brands, improves its apparel
offering and accelerates growth of its customer-direct business. Lands’ End and Covington, Sears’
new proprietary classic apparel line launching this fall, will be the foundation of the company’s
proprietary apparel offerings. Including other important national brands, Sears will provide
compelling apparel assortment choices to its customers.”Lands’ End is a very successful and
well-managed company,” Lacy said. “We were drawn to Lands’ End’s brand strength across all apparel
categories, including men’s, women’s and children’s. It is an excellent fit for Sears and our
customers, and will aid us in becoming the preferred shopping destination for families. We can help
accelerate the growth of the Lands’ End direct business through Sears’ extensive customer
relationships.””Today’s transaction allows us to increase the market penetration of the Lands’ End
brand through exclusive retail distribution in approximately 870 Sears stores,” said David F. Dyer,
president and chief executive officer of Lands’ End. “Strategically, we view retail distribution of
our products as an important growth opportunity. We were considering the prospect of opening stores
ourselves or seeking a strategic partner, and ultimately decided that our alliance with Sears
offered the most exciting opportunity. Sears is the logical partner for us, considering its
heritage of quality and strong proprietary brands, such as Craftsman and Kenmore. I feel confident
that customers will respond well to another exceptional brand at Sears.”Dyer will continue to lead
the Lands’ End business, reporting to Lacy after the transaction closes. Dyer also will assume
responsibility for Sears’ existing customer-direct business, which includes sears.com, catalogs and
specialty merchandise.Lacy said the transaction does not alter Sears outlook for the year. The
transaction is expected to be slightly dilutive to break-even in 2002 and 2003 and significantly
accretive in 2004. “Considering the minimal impact to 2002 earnings, we continue to expect 2002
full year comparable earnings per share, including Lands’ End, to increase approximately 17 percent
from the prior year amount of $4.22,” Lacy said. Sears does not expect to record a special charge
for the Lands’ End transaction.About Our CompaniesLands’ End is a direct merchant of traditionally
styled, classic casual clothing offered to customers around the world through regular mailings of
its monthly and specialty catalogs and via the Internet at landsend.com. In 2001, Lands’ End annual
revenue was approximately $1.6 billionSears, Roebuck and Co. is a broadline retailer with
significant service and credit businesses. In 2001, the company’s annual revenue was more than $41
billion. The company offers its wide range of apparel, home and automotive products and services to
families in the U.S. through Sears stores nationwide, including approximately 870 full-line stores.
Sears also offers a variety of merchandise and services through its Web site, sears.com.Sears,
Roebuck and Company Cautionary Statement Regarding Forward-Looking InformationCertain statements
made in this news release, including statements under the heading “Sears Reaffirms 2002 Guidance”
and other statements using the terms “expected,” “will,” “plans” and other words of similar
meaning, are “forward-looking statements” based on assumptions about the future, which are subject
to risks and uncertainties, such as competitive conditions in retail; changes in consumer
confidence and spending; interest rates, delinquency and charge-off trends in the credit card
receivables portfolio; the successful execution of and customer reactions to the company’s
strategic initiatives, including the full-line store strategy and the proposed acquisition of
Lands’ End; Sears’ ability to integrate and operate Lands’ End successfully; anticipated cash flow;
general economic conditions and normal business uncertainty. Sears cautions that these statements
are not guarantees of future performance. Actual results may differ materially. In addition, Sears
typically earns a disproportionate share of its operating income in the fourth quarter due to
seasonal buying patterns, which are difficult to forecast with certainty. The company intends the
forward-looking statement in this release to speak only as of the time of this release and does not
undertake to update or revise this projection as more information becomes available.Lands’ End
Cautionary Statement Regarding Forward-Looking InformationStatements in this release that are not
historical, including, without limitation, statements regarding our plans, expectations,
assumptions, and estimations for this transaction or for fiscal 2003 revenues, gross profit margin,
and earnings, as well as anticipated sales trends and future development of our business strategy,
are considered forward-looking and speak only as of today’s date. As such, these statements are
subject to a number of risks and uncertainties. Future results may be materially different from
those expressed or implied by these statements due to a number of factors. Currently, we believe
that the principal factors that could create uncertainty about our future results are the
following: customer response to our merchandise offerings, circulation changes and other
initiatives; the mix of our sales between full price and liquidation merchandise; overall consumer
confidence and general economic conditions, both domestic and foreign; effects of weather on
customer purchasing behavior; effects of shifting patterns of e-commerce versus catalog purchases;
costs associated with printing and mailing catalogs and fulfilling orders; dependence on consumer
seasonal buying patterns; fluctuations in foreign currency exchange rates; and changes that may
have different effects on the various sectors in which we operate (e.g., rather than individual
consumers, the Business Outfitters division, included in the specialty segment, sells to numerous
corporations, and certain of these sales are for their corporate promotional activities). Our
future results could, of course, be affected by other factors as well. Also, this transaction is
not yet completed and is subject to a two-thirds minimum tender condition. More information about
these risks and uncertainties may be found in the company’s 8K and 10K filings with the S.E.C.The
company does not undertake to publicly update or revise its forward- looking statements even if
experience or future changes make it clear that any projected results expressed or implied therein
will not be realized.Additional InformationThis announcement is neither an offer to purchase nor a
solicitation of an offer to sell securities of Lands’ End. At the time the offer is commenced,
Sears will file a tender offer statement with the U.S. Securities and Exchange Commission and
Lands’ End will file a solicitation/recommendation statement with respect to the offer. Investors
and Lands’ End stockholders are strongly advised to read the tender offer statement (including an
offer purchase, letter of transmittal and related tender documents) and the related
solicitation/recommendation statement because they will contain important information. These
documents will be available at no charge at the SEC’s Web site at http://www.sec.gov/ and may also
be obtained by calling (800) 732-7780 and selecting option three. Copyright 2002 PR Newswire

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