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_________________________________________________ Subscribe now to WWD.com and save 20%! For a limited time you can subscribe to WWD.com for ONLY $79. You must click here for this special offer. Subscribe NOW and save! https://www.pubservice.com/fcarchive.aspx?pc=wo&pk=462NEWS _________________________________________________ Wednesday, March 22, 2006 TODAY'S TOP STORIES Jones on the Block: $5B Apparel Giant Puts Itself in Play Jones Apparel Group said its board is exploring a possible sale of the entire company and has hired Goldman Sachs as a financial advisor. Nordstrom Reveals Designer Strategy Nordstrom wants to put a comprehensive designer offering in at least one store in each of its major markets, said Mike Koppel, executive vice president and chief financial officer. California In Depth California casual takes on a new meaning this season with sharp vests, airy blouses and cashmere tops. _________________________________________________ JOB OF THE DAY Product Development Manager, Fragrances Distinguished NY Cosmetics Company is seeking a highly organized and detail oriented Product Development professional to contribute to creation of new product for men's and women's fragrance ancillaries, bath/body, and grooming products. This position reports directly to the Director of Global Product Development and is responsible for management of new projects from development to completion, research, development and product formulation, and the evaluation and analysis of existing brands. A minimum of 5 years related Product Development experience is a must! Salary commensurate with experience. Apply at wwd@24seveninc.com _________________________________________________ FINANCIAL London Fog Files Chapter 11 The London Fog Group filed a Chapter 11 bankruptcy petition, seeking to restructure its business, and is selling its Pacific Trail unit. Nike Sales, Profits Jump in 3rd Quarter Fueled by gains in the U.S. and tight expense management, Nike Inc.'s third-quarter earnings surged 19.2 percent and were far ahead of expectations. Apparel Prices Decline 0.4% At Wholesale Wholesale prices for domestically produced women's and girls' apparel fell 0.4 percent in February compared with the same period last year. FASHION Designers Set for 'AngloMania' Exhibit The Costume Institute has finalized the designers whose works will be part of the "AngloMania" exhibit that kicks off its four-month run May 3. Fashion Scoops: House Rules ... Watch This Page ... Apple Of His Eye ... How do you stick a round peg in a square hole? Fashion editors surely will try as they plan their fall-winter shoots and incorporate full-on Balenciaga retro regalia into their themes. Student Organizes Show for AIDS Charity Liz Grossman hopes to use fashion to raise money for a good cause. Novelty Key at SIMM The Spanish trade fair SIMM featured novelty and a healthy dose of glamour for fall. GENERAL Weaver to Depart PacSun Surf brand Pacific Sunwear of California Inc. said executive chairman of the board Greg H. Weaver will retire on April 1. Obituary: Bernard Lacoste Dies at 74 Bernard Lacoste, the energetic and colorful executive who for more than four decades stewarded the Lacoste brand, died Tuesday. IN THE MAINSTREAM Better Firms Refine Their Approach The jury is still out whether the plethora of relaunched and new brands in better sportswear departments is beneficial. BEAUTY REPORT Beauty Beat: Le Labo: A New Spin on Making Scents A new fragrance marketer called Le Labo here wants to challenge the notion of mass-produced fragrances. MEDIA/ADVERTISING Memo Pad: Roll Cameras ... T Bill American Media's reality show may be burning in development hell, but Jann Wenner's contribution to the candid camera genre is coming along nicely. RETAIL Richemont Sells Old England Department Store Compagnie Financiere Richemont SA, the Switzerland-based luxury goods company, has sold the French department store Old England SA to Tercade SA for an undisclosed price. Ferragamo Flagship Set to Open in India The 1,620-square-foot Mumbai store is located on the Grand Hyatt Plaza and will house all of Ferragamo's products, including accessories, scarves, ties, fragrances, eyewear and apparel. READY-TO-WEAR REPORT SFA's Andrew Jennings Upbeat on Italian Labels Saks Fifth Avenue's Andrew Jennings believes Americans have an enduring love affair with Italian fashion and has suggestions on how to keep the romance alive. TEXTILE & TRADE REPORT Bush Proposals Aim to Rectify CAFTA The seven countries in the deal were expected to start implementing it simultaneously, but so far only the U.S. and El Salvador have done so. Material World Doubles Up in East, to Head West Material World, the fabric, sourcing and technology show that launched a New York event in September, is expanding to a biannual format in New York and will start on the West Coast by spring 2008. MARKETING 'Spreers' Find Strength in Numbers Eighteen-year-old Joanna Wong loves "American Idol," pop music by singers like Celine Dion, and graphic T-shirts from American Eagle Outfitters. WWD WEST L.A. Confidential: City of Freeways Discovers Downtown The city of Los Angeles, which defines urban sprawl and a lifestyle built on the automobile, is embracing a new concept: downtown. CALIFORNIA IN DEPTH Revival and Risk Despite new jobs and growing tax revenues, California's economy is coping with high home costs and shrinking apparel manufacturing. Panning the Golden State With economic incentives and ad campaigns, Nevada goes prospecting for California businesses. San Francisco Bounces Back With the dot-com bust well behind them, the city's shopping districts are booming again. | |||||||||||||||||
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Note: Full text of the articles contained in this email is available only to subscribers.
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