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Tuesday, July 11, 2006 TODAY'S TOP STORIES Revlon Sees $40M Loss From Vital Radiance Line As Big Boxes Turn Cold Several major retailers cut back Revlon's newest beauty brand, Vital Radiance, from some of their doors. Federated Sells Filene's Boston Flagship Federated Department Stores completed a $100 million deal to sell the historic Filene's flagship in downtown Boston to Vornado Realty Trust. Blast Rocks Madison Ave. Retail The collapse of an East 62nd Street building closed parts of nearby Madison Avenue, disrupting business for at least a dozen retailers. _________________________________________________ JOB OF THE DAY Knit Specialist New York City Women's Designer brand needs a hands-on Knit Specialist to assist in the research and development of yarn and trim, including costing, sourcing and communication with overseas mills. A minimum of 5-7 years exp with expertise in yarns, gauges and tensions is required. Great salary and benefits! Apply at wwd@24seveninc.com _________________________________________________ GENERAL In Brief: Foot Locker Shares Up ... Cole Haan Names Johnson ... Fine To iVillage ... A brief look at some of the day's stories. Safilo CEO Steps Down Safilo Group SpA chief executive officer Roberto Vedovotto has resigned and will depart the Italian eyewear company at the end of July. EYE Film Noir Whether sporting a high-concept Balenciaga dress to a Hollywood event or performing unmentionable sexual acts on film (paging Vincent Gallo), Chloe Sevigny has always been a risk taker. Care Bear Talking with Clifford Chase, whose fiction debut, "Winkie," an allegorical story about a falsely accused teddy bear, is due out this month. ACCESSORIES REPORT Kate Spade Negotiations: Slow and Steady The "For Sale" sign is still up at Kate Spade, and observers wonder whether the price is too high given the brand's growth challenges. Harry Winston Takes Global Path In London, Harry Winston launched on Bond Street, competing with the biggest jewelry brands on London's luxury row. RETAIL Carolina Herrera Moves Ahead With Targeted Expansion CH Carolina Herrera is pushing forward with its growth in the U.S., with two stores expected to open over the next few months. In Atlanta's Buckhead, It Takes a Village On a warm Saturday night, the most visible part of Atlanta's exclusive Buckhead district was pockmarked by boarded-up bars, a shadow of its former self. Custom-Built: Firm Creates Stress-Free Shopping Mary Anne Sansone's idea was simple -- a day of shopping with her two daughters and three daughters-in-law, without kids or husbands or interruptions. READY-TO-WEAR REPORT Berardi Sets Debut Line for Wolford With a small pre-dinner show for 300 guests at the Austrian National Library in Vienna tonight, Antonio Berardi will unveil his first capsule collection for spring 2007 for Wolford AG. TEXTILE & TRADE REPORT N.Y. Shows Aim for Robust Results Organizers for textile trade shows here this week have reached capacity on their available exhibitor space and are anticipating an equally strong turnout from buyers. Cotton's Organic Debate Apparel brands and stores are appealing to shoppers' sense of environmental responsibility by using organic cotton in their products. Strong Pitti Filati Buoys Italian Mills Italian yarn manufacturers are confident about growing their businesses in 2007 after a strong response from buyers at last week's Pitti Filati trade show. U.N. Report: China Exports Reach $48.3 Billion in 2005 China emerged as the big winner in the first year since global quotas were lifted, accounting for nearly 80 percent of the increase in Asian textile and apparel exports to the U.S. and European Union, a United Nations report revealed. Pakistan Sets Deepwater Port Pakistan is preparing to make a significant investment to expand its largest port in an effort to establish itself as a regional transport hub for factories producing goods in central Asia and western China. Ocean Freight Rates Seen Steady Transportation experts believe a combination of new shipping capacity entering the market and orders for large container vessels already in the pipeline can reduce international shipping rates. MEDIA/ADVERTISING Memo Pad: Face Off ... Village Choice ... Summer Double Feature New York Times style reporter Alex Kuczynski has never been known for being tight-lipped. FASHION National Design Award Winners Revel in D.C. For several of the Cooper-Hewitt's 2005 and 2006 National Design Award winners, breakfast at the White House capped years, even decades, of working with little fanfare. Fashion Scoops: Bow Ahead ... Out of India ... Justin Time ... He's done fans, rings, gloves -- and now bow ties seem to be the fashion statement du jour for the never-stand-still Karl Lagerfeld. Young Designer Brings New 'Movement' to ITKIB Mehmet Isik's shimmering white layered "puppets" won the Istanbul Textile and Apparel Exporters' Association's (ITKIB) Young Fashion Designer Competition. FINANCIAL Kimco Realty Set to Acquire Pan Pacific Kimco Realty Corp., the country's largest developer and owner of neighborhood and community shopping centers, said it agreed Monday to acquire San Diego-based Pan Pacific Retail Properties for $4 billion in cash and debt. IN TRANSIT Traffic Plan Could Speed Up Supply Chain Prompted by retailers, the U.S. Transportation Department has made combating congestion throughout the supply chain a key goal. | |||||||||||||||||
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Note: Full text of the articles contained in this email is available only to subscribers.
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