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_________________________________________________ Fashion Education at WWD.com WWD.com offers a comprehensive online directory of accredited fashion programs. With the ability to search for schools by location and degree, it's easy to find the fashion school that's right for you. To learn more, visit the Education Directory: http://www.wwd.com/education _________________________________________________ Wednesday, May 17, 2006 TODAY'S TOP STORIES Reconfiguring Saks: Sale Boosts Profits, SFA Overhaul in Works Saks Inc.'s first-quarter profit soared from the sale of its Northern Department Store Group, but the Saks Fifth Avenue business still struggled. Sweetface Names President Andrea Scoli has been named president of Sweetface Fashion Co., which makes the JLo by Jennifer Lopez and Sweetface apparel lines. A&F Net Jumps 39.1%, Ups 1st-Half Estimates Abercrombie & Fitch Co. delivered a 39.1 percent increase in first-quarter net profits as its abercrombie and Hollister divisions clocked robust sales. _________________________________________________ JOB OF THE DAY Technical Designers - Sweater Los Angeles based contemporary women's collection needs an experienced sweater technical designer to assist their team. The ideal candidate will be proficient in Photoshop and Illustrator with a demonstrated knowledge of sweater fit and construction. $50k Apply at wwd@24seveninc.com _________________________________________________ FINANCIAL Wal-Mart Net Gains 6.3% Wal-Mart Stores' first-quarter earnings beat estimates, but the firm raised concerns over higher gas and utility costs in the second quarter. Federated Ups 2Q Guidance on Tax Settlement Federated Department Stores Inc. said Monday it will earn 33 cents per share more than expected in the second quarter because of a favorable tax settlement. American Eagle Sales, Earnings Rise Buoyed by strong gross margin, American Eagle Outfitters reported first-quarter earnings increased 16.1 percent on a sales gain of 14 percent. Wholesale Apparel Prices Slide 0.4 Percent in April Wholesale prices on domestically produced women's and girls' apparel fell 0.4 percent in April compared with a year earlier, the Labor Department said Tuesday. GENERAL _________________________________________________ Subscribe to WWD.com Get same-day delivery at a great rate! Subscribe to WWD.com and receive the latest issue starting as early as 12:01 EST. Plus, you'll have access to the last 14 days of Women's Wear Daily. Start your subscription now! _________________________________________________ FASHION CFDA Awards Show Gets Casual Addition Next month's 2006 CFDA Fashion Awards will be an "Upstairs, Downstairs" affair. Fashion Scoops: It's Amore ... Black Widow ... Kiss Me, Kate ... The latest bachelor in ABC's popular "The Bachelor" franchise has been named by ABC during the networks' "Upfronts" this week in New York. Dior's American Journey The fashion world may be obsessed with Russia, India, China and Brazil, but the brass at Christian Dior still sees the U.S. as a land of opportunity. IN THE MAINSTREAM Image Awards Raise Record $1.2M The 28th annual American Apparel and Footwear Association's American Image Awards on Monday night raised $1.2 million for St. Jude Children's Research Hospital. Alex Garfield Exits Harve Benard Alex Garfield, co-founder of GarfieldMarks, which was bought by Harve Benard Ltd. five weeks ago, has left the company. MARKETING Some Ads Sing Louder Than the Brands A fashion brand may capture a consumer's eye with a clever ad, but how much farther will it get? WWD EXECTECH Five IT Forces As we do every year, WWD?ExecTech scoured the retail landscape to find five executives who have distinguished themselves as exceptional leaders in information technology. Bits & Bytes Coutorture is a fashion network started by bloggers Julie Fredrickson of Almost Girl and Philip Leif Bjerknes of Millionaire Socialite. Danskin Designs New Web Store for Growth Danskin Inc. plans to build a new online store to increase its already steep rate of growth. TEXTILE & TRADE REPORT Worker Groups Applaud Bush Immigration Stance Immigrant and labor groups on Tuesday applauded President Bush's position speech on immigration reform, as Congress prepares to tackle the controversial issue anew. USTR Nominee Schwab Queried on Trade Policy Members of the Senate Finance Committee at her confirmation hearing Tuesday urged U.S. Trade Representative nominee Susan Schwab to take more of a hard-line approach when representing U.S. interests. RETAIL Asprey's New Owners Moving NYC Outpost Now that it has new owners, British luxury brand Asprey is moving to right its ship. New England Retailers Ride Out Floods Many merchants expressed gratitude for Mother's Day on Sunday, which compelled shoppers to go out Saturday in search of gifts. BEAUTY REPORT Beauty Beat: L'Artisan Looks to Up Male Clientele With New Scent ... Beer Unveils New Line ... N.Y.C. Cosmetics' Ad Blitz L'Artisan Parfumeur is hoping its men's business will grow under the influence of its latest fragrance, Fou d'Absinthe (Mad About Absinthe, in English). MEDIA/ADVERTISING Memo Pad: Time's Up ... Almost Had Him ... Not In The Entourage By the time you read this, Time magazine may already have a new top editor. Public Lashing for NYT Public Editor The incumbent New York Times ombudsman has found himself the object of exactly the kind of criticism ombudsmen are expected to dish out. WWD WEST Hilfiger Helps Raise $2.5M for MS Research There was glitz and groove to spare at the 13th annual Race to Erase MS benefit, which raised a record $2.5 million for multiple sclerosis research. James Perse Takes California Look to Las Vegas James Perse opened his fourth eponymous store last week in Las Vegas and plans three more in various locations by year's end. West Watch: Bello Focused ... Gaining Momentum Maria Bello, the face of Max Mara's fall catalogue, is adopting a take-charge attitude to go with her new role. Petro Zillia to Bow First Store in L.A. Nony Tochterman, the designer behind the playful Southern California fashion label Petro Zillia, will open her first store on Third Street here in July. | |||||||||||||||||
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Note: Full text of the articles contained in this email is available only to subscribers.
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