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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 _________________________________________________ Friday, May 19, 2006 TODAY'S TOP STORIES The M&A Hunt: Equity Players Lead in Bidding for Jones and L&T M&A deal-making is hot, with bidding for Jones Apparel near completion, first bids for L&T due today and Foot Locker now believed in play. Gap 1Q Profits Drop 16.8% Gap Inc. reported first-quarter results on Thursday that indicated more time is needed to turn around the company. Nordstrom Net Gains 25.6% Better control of expenses and improved inventory management along with high gross margin pushed Nordstrom Inc.'s profits up 25.6 percent on an 8 percent sales gain for the first quarter. _________________________________________________ JOB OF THE DAY Patternmakers Premium apparel brand based in LA needs several experienced patternmakers to contribute to design process, from concept through production. Gerber experience preferred. Salary commensurate with experience. Apply at wwd@24seveninc.com _________________________________________________ GENERAL Obituary: Samson Bitensky, 86, Fab Industries' Chief Samson Bitensky, former chairman and chief executive officer of Fab Industries, a major knitting company, died Wednesday at Beth Israel Medical Center in Manhattan. He was 86. Whitney Marks 75th, Fetes Lundgren A crowd of 500 came to support the museum, celebrate its 75th anniversary, and to honor Terry Lundgren, chairman, chief executive officer and president of Federated Department Stores. RETAIL Bulgari Gets a Tony New Address Twenty years after it opened its first store in Milan, Bulgari is relocating to a bigger and better space on the tony Via Montenapoleone. _________________________________________________ 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! _________________________________________________ FINANCIAL Robust Sales Buoy 1Q Net at Sears Holdings Sears Holdings posted a profit in the first quarter, reversing a loss, on sales that soared 58 percent from the inclusion of Sears store sales. Celine Names Tranthi President of U.S. Unit Celine on Wednesday named Thuy Tranthi as president of its American operations to succeed Wendy Kahn, who joined Valentino USA earlier this month, as part of the Italian firm?s strategy to build its operations in America. Charron Bullish on Claiborne Growth It might have been Paul Charron's last annual meeting as the chairman and chief executive officer of Liz Claiborne Inc., but he ensured shareholders on Thursday that the company would go through continued growth after he is gone. Southwest Surge Lifts Ross in Qtr. Ross Stores showed robust first-quarter sales and earnings increases driven by strong sales in Texas and the rest of the Southwest and a decline in distribution costs. New York & Co. Profits Drop on Sales Dip New York & Co. Inc.'s first-quarter profits were pulled down by weaker sales and gross margin, but the company anticipates that better balanced merchandising efforts will attract shoppers. BEAUTY REPORT Coty to Offer Consumers Forbidden Fruit Coty has named its "Desperate Housewives" scent Forbidden Fruit, the result of a deal with show producer Touchstone Television. Versace, Euroitalia Burnish a Crystal Euroitalia is hoping its future with Versace fragrances will be bright. Good Skin Adds Color The Good Skin brand is celebrating its second birthday with a whole new category: color cosmetics. Kinara Execs Plot Future Growth Kinara's Olga Lorencin-Northrup and Christine Splichal are planning to show a little more skin -- skin care products, that is. Kiehl's Goes to Extremes With New Cream Sometimes, you have to look back to create a future star product -- or at least that's the path Kiehl's Since 1851 is taking with its new Ultra Facial Cream. William Lauder's Advice to Students Master's degree graduates at the Fashion Institute of Technology got some top-drawer advice Wednesday night from none other than William P. Lauder, chief executive officer of the Estee Lauder Cos. P&G Honored at Scholarship Gala A dinner for the 17th annual Marc Rosen Scholarship for Graduate Packaging Design, held Tuesday night at the University Club, raised $250,000 to help Pratt Institute design students, and awarded three with scholarships. Dove Sponsors AOL's Chief Everything Awards A horde of multitasking professionals took pause Wednesday to honor five noteworthy peers at the second annual AOL.com Chief Everything Officer Awards. Top Notes: Nano A No-No? ... Bongo Beat ... Makeup Meeting ... A petition was filed on Tuesday with the Food and Drug Administration to amend its regulations on nanotechnology in cosmetics products and require new nano-specific toxicity testing and mandatory product labeling. Critical Mass: CVS Reaps Rewards From Exclusive Beauty Brand Tom Ryan's face lights up when he talks about Lumene. Men's Corner: Barc: Targeting an Upscale Ethnic Market The term "bark" is most often associated with a dog or a tree, but the founders of Barc, a new skin care brand for men of color, are using the moniker to mean skin. Davines Gets Heavy Into Color Italian hair care company Davines is preparing to launch its new Alchemic line of pigmented shampoos and conditioners designed to enhance natural and color-treated hair to give it a healthy shine. HBA REPORT Phyto: Caring for the Scalp The Ales Groupe is diving headfirst into the launch of its new Phytoprogenium shampoo -- a product designed to protect the scalp with a newly patented ingredient. The Thymes Targets Younger Consumer The Thymes, it is a-changing with the launch of the Kimono Rose collection, a new floral bath and body line targeting a younger consumer. Snippets: Upfront And Personal ... New Sasson ... Pure Expansion ... Matrix is using the parties during UpFront Week to spread the word about its new Matrix Men hair care line. TEXTILE & TRADE REPORT Senators Lambast China Currency Decision Senators sharply questioned Treasury Secretary John Snow on Thurs?day and criticized the Bush administration's refusal to charge China with currency manipulation. MEDIA/ADVERTISING Reality Check Some publishers also believe women readers are abandoning newspapers for real-life titles. Memo Pad: Le Petty Mort ... She's So Elle ... Fronting Access Ed Kosner's memoir doesn't come out until September, but staffers at the New York Daily News who have seen galleys are already buzzing about the book's unsparing portrayal of their owner, Mort Zuckerman. Gay Marketing Group Overhauls Ad Standards Responding to complaints from among its 100,000 or so visitors each month, gay marketing watchdog The Commercial Closet is turning over its online ad ratings to its users and reinventing the criteria by which users will assess the ads. FASHION WWD EXECTECH Chico's Swaps Stand-Alone Tech For a Unified Corporate System Chico's FAS is shifting its Soma intimate apparel brand to new enterprise resource planning software, the first step in a chainwide technology upgrade that will cost $10 million in its first year. EYE French Toast For the opening ceremony of Cannes, French actress Audrey Tautou chose a thigh-skimming cream Balmain dress in draped mousseline. Talking Turkey Turkish artist and filmmaker Kutlug Ataman is used to creating an outcry -- especially in his own country. | |||||||||||||||||
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Note: Full text of the articles contained in this email is available only to subscribers.
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