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Stock impact report

Ann Summers attempts to crack the market where sex toys get you arrested [Yahoo! Finance]

PVH Corp. (PVH) 
Last pvh corp. earnings: 4/1 04:15 pm Check Earnings Report
US:NYSE Investor Relations: pvh.com/investor-relations
Company Research Source: Yahoo! Finance
Carrying a sex toy is enough to get you searched – or even arrested – in places like Dubai and Riyadh. Despite this, Ann Summers has announced plans to open shops in the United Arab Emirates (UAE), Kuwait, Saudi Arabia, Qatar, Bahrain and Oman. The move follows a trial last year and reports of booming demand for lingerie in the Gulf. Maria Hollins, the retailer's chief executive, told the Telegraph last year that Middle Eastern customers were flocking to its Marble Arch store. Ann Summers now estimates the lingerie market in the Gulf is worth around $1.7bn (£1.3bn). While customers in the region will be able to buy broadly the same range of lingerie, gloves, and masks as their counterparts in the West, British visitors to branches in the Middle East Read more
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