Fashion Design

Wednesday, March 15, 2006

WWD Headlines

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Wednesday, March 15, 2006
TODAY'S TOP STORIES
Sadove's Saks Strategy: Focus on Core Shopper And Boost Branch Stores
Saks Fifth Avenue ceo Stephen Sadove laid out a merchandising plan to bring the $2.7 billion luxury chain back to a healthy state.
Prestige Brands Fined for Price Fixing
Thirteen prestige beauty brands and France's three leading selective perfumery retailers have been fined a combined 46.2 million euros.
More Action at A&G Group
Asprey and Garrard owner A&G Group has been trying to find an investor and is close to a deal that could be a sale of one or both brands.

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JOB OF THE DAY
Denim Patternmaker
Los Angeles based apparel company needs talented Patternmaker for its premium denim line. Knowledge of fit, grading and washes a must. The right candidate will have a minimum of ten years patternmaking experience, with at least 5 years in premium denim. Salary commensurate with experience, up to $110,000.
Apply at wwd@24seveninc.com
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BEAUTY REPORT
Beauty Beat: Boots to Revamp Stores, Cut Jobs ... Mercier Sale Talk Heats Up
Boots Group plc plans to indulge in some retail therapy.

GENERAL
In Brief: Kmart To Pay $13 Million ... P.R. Departures
A brief look at some of the day's stories.
Obituary: Carmine Porcelli, Fashion Executive, 60
Carmine Porcelli, who brought salesmanship and enthusiasm to some of Seventh Avenue's most heralded brands, has died of an apparent heart attack, said family friend Mark Ross.

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MEDIA/ADVERTISING
Memo Pad: Wenner In Honcho Hunt? ... Black Cuts In At Tango
The high rate of top-level turnover at Wenner Media is proving a boon to the executive recruitment industry.

FINANCIAL
Retail Sales Slide in Feb.
Consumer spending came back down to earth last month after robust activity in January, as shoppers kept a closer hold on their wallets.
Federated to Pay $725,000 in Ad Case
Federated agreed to a $725,000 settlement with New York State over misleading advertising practices and sales promotions at Kaufmann's.
Oakley Buys Optical Shop
In another bid to boost its fashion factor, sports eyewear firm Oakley Inc. has acquired The Optical Shop of Aspen, a group of 14 luxury eyewear boutiques based in Aliso Vieho, Calif.

IN THE MAINSTREAM
Liz Claiborne Gets Better Style
Liz Claiborne, the $1.1 billion better sportswear brand that's faced growing competition in recent years, is getting a style makeover.
Bellylicious: Boca's New Baby
Belly?licious boutique didn't take baby steps into the maternity market.

TEXTILE & TRADE REPORT
Port Security: Lawmakers Seek $4B Over Five Years
A bipartisan group of House lawmakers introduced a bill Tuesday that would increase funding for port security by $4 billion over five years.

RETAIL
Neiman's and More: Dallas Retailing Mixes Ingredients for Growth
Retailing is big business in Dallas and it's getting bigger, with an estimated 4 million square feet of retail space to be added this year.
Madison Ave. Works for Boys in Blue
About 60 retailers are participating in Madison Avenue Blue, which kicked off Tuesday and will raise money for the New York City Police Foundation.

WWD WEST
Evolving Industry Creates Factoring Challenges
As retail consolidation continues and vendors look to differentiate their products, factoring firms are adjusting to the changing landscape.

Note: Full text of the articles contained in this email is available only to subscribers.
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