SEC File Number: 0-10593

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

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

                                   (Check One)

           [_] Form 10-K and Form 10-KSB [ ] Form 11-K [ ] Form 20-F
                  [x] Form 10-Q and Form 10-QSB [ ] Form N-SAR
                         For Period Ended: July 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

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

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If the notification  relates to a portion of the filing checked above,  identify
the item(s) to which the notification relates:__________________________________

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-K or 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-Q or 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-K or 10-KSB,
20-F, 11-K, 10-Q or 10-QSB,  N-SAR or the transition  report or portion thereof,
could not be filed within the prescribed time period.

     The Form 10-Q for the quarter ended July 31, 1999 could not be filed within
the prescribed time period due to unforeseen  difficulties arising in connection
with its  preparation  primarily  relating to the inability of the registrant to
complete the financial statements required in the Form 10-Q on a timely basis.

Part IV - Other Information

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

     Deborah K. Sorell, Esq.    (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). [ ] Yes [x] No

                                      - 2 -




     Annual  Report on Form 10-K for the fiscal year ended  January 31, 1999 and
Quarterly Report on Form 10-Q for the quarter ended April 30, 1999.

(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

     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.



Date:  September 15, 1999                             /s/ Neil Cole
                                                      --------------------------
                                                      Neil Cole,
                                                      Chief Executive Officer





                                      - 3 -



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


              With respect to its Form 10-Q for the fiscal quarter
                               ended July 31, 1999



     The registrant is unable at this time to quantify its financial results for
its  fiscal  quarter  ended  July 31,  1999 due to its delay in  completing  the
financial  statements  for the  quarter  ended  July  31,  1999.  The  quarterly
financial  statements  could not be  completed  on a timely  basis due to, among
other  things,  the  timing  of the  completion  of the  registrant's  financial
statements for its fiscal year ended January 31, 1999.  However,  the registrant
does expect that the financial  statements for its fiscal quarter ended July 31,
1999 will reflect  operating and net losses compared to operating and net income
for the comparable quarter in 1998.