SEC File Number: 0-10593

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

                                   (Check One)

                 [X] Form 10-K and Form 10-KSB [ ] Form 11-K [ ]
             Form 20-F [ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
                       For Period Ended: January 31, 1999

                           [ ] Transition Report on Form 10-K
                           [ ] Transition Report on Form 20-F
                           [ ] Transition Report on Form 11-K
                           [ ] Transition Report on Form 10-Q
                           [ ] Transition Report on Form N-SAR
                           For the Transition Period Ended:  N/A


     Nothing in this Form shall be  construed to imply that the  Commission  has
     verified any information contained herein.


     If the  notification  relates  to a portion of the  filing  checked  above,
     identify the item(s) to which the notification relates:
          
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Part I - Registrant Information

     Full Name of Registrant:      Candie's, Inc.
     Former name if applicable:    Millfeld Trading Co., Inc.

     Address of Principal
     Executive Office (Street and Number):    2975 Westchester Avenue
                                              Purchase, New York  10577


Part II - Rules 12b-25(b) and (c)

     If the subject report could not be filed without unreasonable effort
     or expense and the registrant seeks relief pursuant to Rule
     12b-25(b), the following should be completed. (Check box if
     appropriate)





     (a)  The reasons  described in  reasonable  detail in Part III of this form
          could not be eliminated without unreasonable effort or expense;

[X]  (b)  The subject annual report,  semi-annual  report,  transition report on
          Form 10-KSB,  Form 20-F, Form 11-K or Form N-SAR, or portion  thereof,
          will be filed on or before the  fifteenth  calendar day  following the
          prescribed  due date;  or the subject  quarterly  report or transition
          report on Form 10-QSB, or portion thereof,  will be filed on or before
          the fifth calendar day following the prescribed due date; and

     (c)  The accountant's statement or other exhibit required by Rule 12b-25(c)
          has been attached if applicable.


Part III - Narrative

     State below in  reasonable  detail the reasons why the Form  10-KSB,  20-F,
11-K,  10-QSB,  N-SAR or the transition report or portion thereof,  could not be
filed within the prescribed time period.

     The Form 10-K could not be filed within the  prescribed  time period due to
the  Registrant's  inability to obtain  certain of the necessary  information to
complete the  preparation  of its financial  statements  on a timely basis,  and
accordingly finalize its audited financial statements required in the Form 10-K.

Part IV - Other Information

(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
     notification:

     David Golden                   (914)                       694-8600
     (Name)                       (Area Code)              (Telephone Number)

(2)  Have all other periodic  reports  required under Section 13 of 15(d) of the
     Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
     of 1940 during the preceding 12 months (or for such shorter period that the
     registrant was required to file such report(s) been filed? If the answer is
     no, identify report(s). [X] Yes [ ] No

(3)  Is it anticipated that any significant change in results of operations from
     the corresponding  period for the last fiscal year will be reflected by the
     earnings  statements  to be  included  in the  subject  report  or  portion
     thereof? [X] Yes [ ] No


                                      - 2 -




     If so: attach an explanation of the anticipated  change,  both  narratively
     and quantitatively, and, if appropriate, state the reasons why a reasonable
     estimate of the results cannot be made.


                                 Candie's, Inc.
                  (Name of Registrant as specified in charter)

has  caused  this  notification  to be signed on its  behalf by the  undersigned
thereunto duly authorized.


                                              /s/ David Golden
Date:  May 3, 1999                            ----------------------------------
                                              David Golden
                                              Senior Vice President and
                                                    Chief Financial Officer




                                      - 3 -




                            ATTACHMENT TO PART IV OF
                                 FORM 12b-25 OF
                                 CANDIE'S, INC.


                With respect to its Form 10-K for the fiscal year
                             ended January 31, 1999


     The  Registrant  estimates  that its financial  results for the fiscal year
ended January 31, 1999  ("Fiscal  1999") as reflected in its statement of income
to be included in its Form 10-K for Fiscal 1999, will reflect an increase of 24%
in its net revenues to  approximately  $115 million  compared to net revenues of
$93 million for the fiscal year ended  January  31,  1998  ("Fiscal  1998").  In
addition,  the  Registrant  expects to report  pre-tax  income of  approximately
$750,000 for Fiscal 1999  compared to pre-tax  income of $5.7 million for Fiscal
1998.