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Tuesday, January 23, 2007 TODAY'S TOP STORIES Pressler Out, Robert Fisher Steps Up at Gap Gap Inc. is looking for a merchant prince to work some retail magic. The struggling, 3,100-unit retailer on Monday pushed out Paul Pressler, its president and chief executive officer, after a failed four-and-a-half-year effort to turn it around. Giorgio Armani's New Formula For his latest retail statement in the midst of couture week here, Giorgio Armani is taking high fashion's exclusive, personalized nature to heart. _________________________________________________ Womens Designer Seattle, WA based Apparel Company seeks designer for Womens division. Will be responsible for apparel design from concept thru production. Must be knowledgeable about garment fit and construction. Must have excellent illustration and hand sketching skills, as well as proficiency with Illustrator and Photoshop. Must have 5+ years work experience with the Womens Contemporary or Better markets. Apply at wwd@24seveninc.com _________________________________________________ RETAIL NRF Focuses on Technology for Growth At the National Retail Federation conference here last week, retailers in growth mode emphasized the importance of well-chosen technology to analyze trends and respond swiftly to new opportunities. Van Noten Goes His Own Way in Paris Dries Van Noten has fired the latest salvo across the bow of cookie-cutter luxury stores with his first shop here, located in a Left Bank neighborhood better known for flogging antiques than cashmere sweaters. _________________________________________________ advertisement Introducing W magazine's Big, Bold Beauty Issue - April, 2007 W is the place to be this spring as our editors uncover the best and most innovative products, treatments and talent shaping the beauty industry. A must-buy, W is the resource for the most passionate and influential beauty consumers anywhere. On average they spend more on beauty than the readers of any beauty magazine*. Issue closes February 5th. Please contact Nina Lawrence, Vice President and Publisher, at 212.630.5846 to learn more. * Mendelsohn 2005-2006 Double-Base Survey; Base: Total Women. _________________________________________________ TEXTILE & TRADE REPORT U.S.-South Korea Talks Face Crucial Deadline U.S. and South Korean negotiators completed their sixth round of talks for a free trade agreement in Seoul on Friday, with a deadline still looming and many issues to be resolved. U.S. Regains Top Spot For Foreign Investment Foreign direct investment in China in 2006 fell by 3.3 percent, to $70 billion, while the U.S. regained the top spot as the world's most attractive country for foreign investment, according to a United Nations report. Linea Rossa on the Rise Prada's Miuccia Prada and Patrizio Bertelli have long been known to cater to women looking to dress up for work. But now the two increasingly want to cater to a woman's down time as well with their line Prada Linea Rossa. Italian Fashion Firms Back 'Cezanne' Exhibit A group of fashion companies here is harking back to the Renaissance with its support for the arts and architecture. U.N. Report: World Economy to Slow The world economy is forecast to grow by 3.2 percent in 2007, compared with 3.8 percent last year, and the weakening of the U.S. housing market is a major factor in the slowdown, a United Nations report said. Swatches Texworld USA has outgrown its first home. Messe Frankfurt, which organizes the show, announced that Texworld USA will move to the Jacob K. Javits Convention Center in New York for its third show taking place July 17-19. Pitti Filati Relies on Luxury, Performance Yarns After experiencing a rebound in sales last year, high-end yarn spinners expect to keep the momentum going with the launch of new luxury and performance yarns at next week's Pitti Filati. _________________________________________________ advertisement Serious about a career in Fashion Marketing? Earn a professional AAS degree at Parsons The New School for Design. Learn from leaders in the field and gain the skills and the global perspective you need to advance. Parsons AAS Open House, January 25th, 6:30 PM 65 Fifth Avenue, NYC. www.parsons.newschool.edu/fashionmarketing _________________________________________________ READY-TO-WEAR REPORT Wild Weather With global warming taking its toll, dressing for the elements is almost a daily lottery. FINANCIAL Goody's Taps Turlinski as Chief Executive Goody's Family Clothing named Charles "Chuck" Turlinski chief executive officer on Monday, rounding out the retailer's new management team. Sales at Swatch Up 12.3% in '06 Watchmaker Swatch Group AG posted a 12.3 percent jump in 2006 sales, reached more than 5 billion Swiss francs for the first time. Noce Steps Down as Ann Taylor Loft President Donna Noce, president of AnnTaylor Corp.'s underperforming Loft division, has resigned, the company said Monday. May Exits Tween Brands Tween Brands announced on Monday the departure of William May Jr., executive vice president and chief operating officer at the preteen apparel retailer. _________________________________________________ WWD Fashion Career Expo February 9th - Gotham Hall, NYC - 10-3 Hundreds of pre-screened candidates meet hiring decision-makers of marquee companies in the fashion, retail and beauty industries for one day of interviewing. Visit www.FashionCareerExpo.com to attend. Contact Seth Berk at (212) 655-4505 ext. 244 or SBerk@FashionCareeerExpo.com to reserve your booth now! _________________________________________________ GENERAL In Brief: Pinault On Suez... Coming to New York A day after he laid out $1.28 billion, for 5 percent of the BTP Vinci construction business, French entrepreneur Francois Pinault, who owns Gucci Group, on Friday said current market conditions precluded him from making a play for French utilities giant Suez. FASHION Jean Muir to Shut Down Jean Muir, the 40-year-old London fashion house famous for its matte black and navy jersey knits and feminine shapes, will close in the spring. Gen Art Evolves Off Runway Gen Art, which will hold its show on Feb. 2 at the Waterfront at West 27th Street and 11th Avenue here, is forgoing the runway for what it calls The New Garde. Fashion Scoops: Hot Seat... Going Solo... Saluting Nan... Is Chanel getting into the furniture business? Not quite. But the French fashion house has commissioned furniture maker Domeau and Peres to produce an armchair designed by Fabrice Hybert that is quilted red leather and inspired by a Swiss Army knife. BEAUTY REPORT Beauty Beat: Procter & Gamble's Skin Care Bet Procter & Gamble Co. jumped into the red-hot dermatological skin care business Monday by disclosing that it has acquired HDS Cosmetics Lab Inc., the marketer of Doctor's Derma?tologic Formula, or DDF, skin care. EYE Frozen Assets The stars exchanged Hollywood awards madness for the mountains of Utah and the Sundance Film Festival over the weekend, but the partying remained in high gear. Funny Face Anna Faris knows all too well about Hollywood typecasting. After finding fame in the horror spoof franchise "Scary Movie," she's found it hard to break out of her self-described "spoof girl" mode. Dark Age Sundance darlings Catherine Keener and Ellen Page are back this year, playing a mother of six and a teenage girl left in her care, respectively, in the gritty in-competition drama "An American Crime." MEDIA/ADVERTISING Memo Pad: Watching Closely... Funny Guys... Time's Up... As 25-year-old Jared Kushner's ownership of The New York Observer nears the six-month mark, staffers and readers alike are still waiting to see what lies ahead for his new prize. | |||||||||||||||||
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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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