Fashion Design

Monday, May 22, 2006

WWD Headlines

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Monday, May 22, 2006
TODAY'S TOP STORIES
The Nordstrom Way: Retailer Gets Aggressive About Expansion
Nordstrom has generated solid results, thanks to major changes as it aggressively goes after real estate and merchandise categories.
Exclusivity Key to Federated Growth
As Federated heads to a key stage, the conversion of 400 May units to Macy's Sept. 9, it pushes on with its exclusives program.
Longchamp Goes Upscale Downtown
Longchamp's SoHo store that opens Thursday at 132 Spring Street will help usher in a fresh direction for the handbag brand.

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GENERAL
Coming This Week
A look at the coming week's events.
In Brief: Penney's Board ... Joining Palmer
A brief look at some of the day's stories.
Sticking With the Family Formula
Eric Nordstrom can't resist sharing a letter from a customer.

EYE
Song And Dance
The teen Rising Stars Dance Academy troupe capped its ballroom performance with a reenactment of the final scene of "Dirty Dancing."
Cannes Scoop
It was all stars at the Hotel Martinez in Cannes on Friday night, where Penelope Cruz was preparing for the premiere of her in-competition movie, "Volver," at the International Film Festival.

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RETAIL
Department Store Parley Focuses on Adaptation
Are department stores on their way to becoming "dinostores"?

FASHION
Fashion Scoops: Be My Guest ... Going Once ... Costume Sale ...
He may not technically be a couturier, but Martin Margiela is the latest designer to add his name to the thinning Paris couture calendar.
Expanding the Designer Business
Nordstrom's women's businesses are headed by two veterans of the store.

WWD EXECTECH
Eyeing $1 Billion in E-Commerce
Jaime Nordstrom, president in charge of the direct business, doesn't doubt for a second that nordstrom.com can be a billion-dollar business.

ACCESSORIES REPORT
Temple St. Clair's Precious 20
Temple St. Clair has been growing fast, but thinks it can do even better.

INNERWEAR REPORT
Soma's Big Rollout of Stores, 'Net
Chico's executive Chuck Nesbit is spearheading growth at Soma stores with a new Web site and plans to open 36 units this year.
Invista: Inspiration Runs From Grunge to Glam
The semiannual Invista workshop for intimate apparel is featuring a variety of themes that range from bold and elegant to Hollywood glam and retro grunge.

FINANCIAL
The Design of Success: People, Brand, Vision
Customer knowledge, clear brand identity and an uncompromising vision of store concept and location are critical factors in building a successful real estate portfolio.
Citigroup: Flexible Financing in a Changing World
More efficient supply chains and "cross-border" trading between companies in the apparel and accessories markets are creating a fundamental change in the way business is done from a financial perspective.
The Tax Compliance Burden
Tax compliance is a hefty load to carry, according to a recent study by PricewaterhouseCoopers LLP.
Small Businesses Face Start-Up Woes
The conundrum for small start-up firms is how to balance a creative design focus and still keep an eye on operational details.
WWD Stock Index Shows Strength
After several consecutive days of intense sell-offs, stocks tried to bounce back on Friday as investors were lured by low valuations.
Ullman Has Penney's on Course
J.C. Penney is on course to be the preferred retailer of middle America and middle-aged shoppers, its chairman and ceo told shareholders.
AnnTaylor Stores' 1Q Earnings Double
Spot-on fashion and well-managed inventories more than doubled AnnTaylor Stores Corp.'s first-quarter earnings on a 17 percent sales gain.
Aeropostale Lists Flat Net On Sales Gain
As Aeropostale Inc. posted flat year-over-year earnings on a 16.4 percent sales gain for the first quarter, management said on a conference call the company is positioning itself to bolster its top line via new marketing and merchandising efforts.

BEAUTY REPORT
Beauty Beat: Fragrance Sales Lift Profits at Boots ... L'Oreal 'Shocked' at Discrimination Charge ... Malbin to Retire From CTFA
Boots Group plc said Thursday its aftertax profits increased by more than 19 percent for the year ended March 31.

MEDIA/ADVERTISING
Memo Pad: M.I.A. In The USSR ... Bid Business ... Show And Sell ...
Where in the world is Glenda Bailey? That's what people asked last week after the Harper's Bazaar editor in chief failed to turn up at the Chanel and Dior shows, or any other fashion-circuit events, for that matter.

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