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_________________________________________________ advertisement The Art Institute Love department store window displays? The mood inside your favorite boutique? In The Art Institutes Fashion and Retail Management program, you'll learn the ins and outs of marketing, advertising and business for the fashion industry. You'll learn from professionals alongside creative individuals, preparing you to seek entry-level employment in fashion. http://clk.atdmt.com/DWO/go/art0020000066dwo/direct/01/ _________________________________________________ Wednesday, August 16, 2006 TODAY'S TOP STORIES Jones Plots Future After Calling Off Sale Now that Jones Apparel Group seemingly has pulled the plug on selling itself, its path is uncertain and could go in several directions. Saks Inc. Posts $52M Loss in Quarter Saks Inc. swallowed a big loss in its second quarter, but showed sales gains and operational improvements at the Saks Fifth Avenue division. Beauty Beat: Pain Lessens for Duty Free at Airport Shops Although travel restrictions have been eased slightly, the $7.56 billion duty free beauty business remains tangled at airports around the globe. _________________________________________________ JOB OF THE DAY Account Executive Well-regarded New York contemporary brand needs proactive sales executive to manage wholesale and retail accounts. This position requires prior experience in the contemporary market as well as existing relationships with major department stores and high-end boutiques. Salary commensurate with experience, to $130k. Apply at wwd@24seveninc.com _________________________________________________ FINANCIAL Wal-Mart's 2Q Earnings Decline 26% Wal-Mart Stores Inc. reported a decline in profits for the first time in 10 years, as second-quarter net income fell 26 percent to $2.08 billion. Hot-Weather Items Buoy American Eagle American Eagle Outfitters posted a 27 percent increase in second-quarter earnings, bolstered by strong sales of "wear-now" merchandise. A&F Net Gains 14.5% Abercrombie & Fitch posted a 14.5 percent jump in second-quarter earnings, as sales were up 15.2 percent to $658.7 million. United Retail Profits Rise 22% United Retail Group Inc.'s repositioning on the merchandise front along with solid sales growth resulted in a 22 percent profit gain in the second quarter. Core PPI Lower in July Wholesale prices on domestically produced women's and girls' apparel rose a seasonally adjusted 0.3 percent in July. GENERAL In Brief: Bauer Posts Loss In Quarter... Diamonds Cut... Sears Appointments Eddie Bauer Holdings Inc. on Tuesday posted a second-quarter loss of $42 million. Gold Toe and Moretz Pair Up Two top socks firms, Gold Toe Investment Corp. and Moretz Inc., have merged as part of a deal involving their acquisition by private equity firm The Blackstone Group. Limited Names Redgrave CFO Limited Brands named Martyn Redgrave as chief financial officer, succeeding Ken Stevens, who is retiring. FASHION Calvin's New Dressing After a slow start, Calvin Klein's white label better-priced sportswear line was relaunched under Kellwood Co. for fall and just shipped to stores. _________________________________________________ WWD100 The big names score once again in this, the ninth annual WWD100 survey of consumer brand awareness. Check out the fashion and accessories names women know best. http://www.wwd.com/wwd/wwd100 _________________________________________________ Get 3 months free when you subscribe to WWD.com For a limited time, sign up for a one year subscription to WWD.com and get three extra months at no extra charge! (For new subscribers only) https://www.pubservice.com/fcarchive.aspx?PC=WO&PK=46515mo _________________________________________________ WWD EXECTECH Bits & Bytes: Bliing, Bliing... All You Need... Ipod Update... Pretty In Purple There's nothing subtle about this collaboration between Motorola and Dolce & Gabbana. Dressing-Room Scans Reduce Shrink $30K Le Chateau, the contemporary retailer with stores in Canada and New York, cut its shrinkage by $30,000 in eight months in one of its outlet stores with an unusual approach. Fog Systems Foil Burglars, Protect Merch North American retailers might be ready for a novel way to foil the break-in: Smoke 'em out. MEDIA/ADVERTISING Memo Pad: Promised Land?... Brand-New (Goodie) Bag Roman Polanski isn't alone. The film director who sued Vanity Fair for libel in London last year, seems to be part of a growing trend. WWD WEST Flirty, Feminine Looks Highlight West Coast Market Tightened airport security and the upcoming WWDMAGIC show cut traffic at the five-day market in Los Angeles that ended Tuesday. West Watch: Vegas Showgirl... Surfin' USA... Trade Show-To-Be... Flintstones Go Soft Barry Manilow sung about a showgirl named Lola. But thanks to Los Angeles designer Anthony Franco, people now can call her Toni, as in Toni Braxton. | |||||||||||||||||
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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
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