The Warnaco Group, Inc. has reported a drop in revenues for the fourth quarter ended December 31, 2005. Net revenues fell 3.2% to $362.5 million, from $374.4 million in the prior year period, primarily due to swimwear sales not meeting expectations, fewer than anticipated replenishment orders in intimate apparel and sportswear and the company's inability to meet demand for certain intimate apparel product offerings. However net revenues rose 5.6% to $1.50 billion for the full year from $1.42 billion in fiscal 2004. All three operating groups contributed to the revenue increase, led by the Sportswear Group, which recorded a 13.6% increase in net revenues. The company's Chaps brand, which continued its successful launch to the mid-tier channel of distribution in 2005, was the largest gainer with revenue growth in excess of 25%.

The Warnaco Group, Inc., headquartered in New York, designs intimate apparel, menswear, jeanswear, swimwear, men's and women's sportswear and accessories under such owned and licensed brands as Speedo, Ocean Pacific, and Chaps.