Fashion Design

Wednesday, May 10, 2006

WWD Headlines

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Wednesday, May 10, 2006
TODAY'S TOP STORIES
Warnaco Looks Ahead To Calvin Klein Products Driving 50% of Revenue
Retail consolidation took a toll on Warnaco Group's first-quarter results, but the $1.5 billion firm is banking on its Calvin Klein unit for better results.
Benefit Is an Oscar-Worthy Affair
Unanimity does not come easily in the fashion world -- except, perhaps, when Oscar de la Renta is involved.
Southern Calif. Malls Update to Stay Vital
Staying a step ahead in the competitive Southern California shopping center industry means reinvesting in the property.

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Merchandise Planner
Hip Southern California Company is currently seeking an experienced Merchandise Planner to effectively plan and control inventories at each location level to maximize sales, manage inventory and enhance profitability. Great salary and benefits!
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RETAIL
Barneys to Open 2 Co-ops
Barneys said two Co-op openings are set for fall, in the Somerset Collection in Troy, Mich., and the Westchester in White Plains, N.Y.

FINANCIAL
Sara Lee Apparel Division Sees Net Gain
Sara Lee Corp.'s branded apparel business leveraged an improved inventory position as well as expense controls to bolster operating income in its third quarter, even as sales fell.
Adidas Earnings Surge 37% in First Quarter
Bolstered by product launches before the World Cup and the first-time consolidation of Reebok, Adidas reported a 37 percent jump in first-quarter profits.
LeSportsac Parent Sues Former Owner of Brand
Brand Science, which does business as LeSportsac, filed suit against Timothy Schifter and Schifter & Partners, charging breach of contract.
Shareholders Approve Hilfiger-Apax Merger
Tommy Hilfiger Corp. shareholders voted Tuesday to approve a $1.6 billion merger agreement with funds advised by Apax Partners.

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GENERAL
Graduate Dawn Mello: A Long Time Coming
Dawn Mello's long career took her to Bergdorf Goodman and Gucci, among other places, and on May 7 she returned to her hometown to button up one key detail.
Optimistic Outlook Helps Benetton Fete 40
Benetton will celebrate its 40th anniversary this year with an improved performance and image, as well as festivities in Paris.

MEDIA/ADVERTISING
Memo Pad: Bye, Bye, Bonnie ... Oh So Rice
It's been a rough week at Star magazine. Three staffers, including co-executive editor Mark Coleman, have turned in notices and are said to be headed to rival Life & Style.

IN THE MAINSTREAM
Fame, Moda Manhattan Set Records
While high gas prices were on the minds of retailers, it was a record-breaking season at the Fame and Moda Manhattan shows.
On the Set: Jones New York Suits Up for Fall
"Power lunch! Power lunch! Get that deal!" shouted a stylist giving direction as Patrick Demarchelier photographed three models strutting toward him.

BEAUTY REPORT
Beauty Beat: A Changing of the Guard at IFF
Richard A. Goldstein stepped down as chairman and ceo of IFF and Arthur C. Martinez, lead director, was elected as interim successor.

FASHION
Fashion Scoops: Let The Branding Begin
Kim Winser, new president and chief executive of Aquascutum, is preparing for an encore.

TEXTILE & TRADE REPORT
Industry Urges Tough Stance on Vietnam
Industry lobbyists urged House Textile Caucus members for restrictions on apparel and textile imports from Vietnam as it seeks to join the WTO.

Note: Full text of the articles contained in this email is available only to subscribers.
To subscribe go to WWD online: www.pubservice.com/fcarchive.aspx?PC=WO&PK=454NEWS