Arden Posts 3Q Results NEW YORK — Elizabeth Arden Inc. posted third-quarter results Thursday in which both profits and sales were lower than year-ago figures.
For the three months ended March 31, income was $702,000, or 2 cents a diluted share, compared with $5.6 million, or 19 cents, last year. Excluding a debt-extinguishment charge and a charge in connection with the expensing of stock-based compensation, income was $2.3 million, or 8 cents a share. Sales in the quarter fell by 3.5 percent to $191.3 million from $198.3 million.
April Comps Surge NEW YORK -- After a disappointing March, warmer weather and the so-called “Easter shift” – where sales, for the most part, moved into April from March -- brought retailers robust traffic levels and higher-than-expected same-store sales. For many retailers, April’s strong sales also brought the ability to lift first-quarter earnings forecasts.
Specialty retailers focusing on the teen category, such as American Eagle Outfitters Inc., Wet Seal Inc., Citi Trends Inc. and Pacific Sunwear of California Inc., benefited the most as a whole from the shift, posting sales increases in the high double digits. American Eagle saw comps rise 19 percent; Wet Seal had a 17 percent increase; Citi Trends posted a 47.5 percent surge and PacSun had a 14 percent rise.
A strong showing was also seen from mass merchants Target Corp. and Wal-Mart’s U.S. division, which had respective 10.4 percent and 6.8 percent increases in April comps.
Moderate department store chains Kohl’s Corp. and Dillard’s Inc. also blew away analysts’ estimates with 13.4 percent and 10 percent comps surges.
Revlon, Despite Sales Gain Suffers 1Q Losses NEW YORK — Revlon Inc. on Thursday posted a wider first-quarter loss compared with year ago results, although the three months did show an 8.2 percent gain in sales.
For the quarter ended March 31, the loss was $58.2 million, or 15 cents a share, versus a loss of $46.8 million, or 13 cents, in the same year-ago period. Sales grew to $325.5 million from $300.9 million.The company said it began its rollout during the quarter of Vital Radiance and the restage of Almay. It also consummated its $100 million equity rights offering in the period. The proceeds from the offering were used last month to reduce debt.
“We are pleased with our results in the quarter and the progress we have made with the rollout of Vital Radiance and the re-staged Almay. As we expected, our results in the quarter reflect both the initial benefits to revenue of these two important initiatives, as well as the significant investment we are making behind them,” said Jack Stahl, president and chief executive officer, in a statement.
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye