DE-COMP-RESSION: With privately held Neiman Marcus Inc. and publicly held Hot Topic Inc. electing to discontinue the monthly reporting of same-store sales and Walgreens holding off until next week, the number of companies and nameplates contributing to WWD’s comp chorus fell to 25 last month. That’s down from 31 at the end of 2010, when Abercrombie & Fitch Co., American Eagle Outfitters Inc. and Aérospotale Inc. last appeared, and 46 five years ago, when the list still included companies such as Wal-Mart Stores Inc. and a wide variety of specialty stores like New York & Company Inc. and Bebe Stores Inc.
TEEN SHEEN: Strength at Costco Wholesale Corp. and BJ’s Wholesale Club Inc. helped elevate the discount sector to the strongest among those tracked by Thomson Reuters, with a 7.8 percent August comp jump, but teen retailers weren’t far behind — up 6.3 percent as the remaining teen retailers in the same-store sample came through with high- and midsingle-digit comp advances. The Buckle Inc.’s 8.3 percent jump wasn’t only the fourth best mark overall but the biggest “beat” versus expectations, which were for a 4.5 percent gain. The Wet Seal Inc. was up 5.5 percent, versus an anticipated 4.2 percent increase. Costco said Thursday that Jim Sinegal will step down as chief executive officer on Jan. 1 and be succeeded by Craig Jelinek, currently president and chief operating officer. Sinegal will remain a director of the firm and Jelinek will retain the title of president.
SCENE STEALER: Arriving on the Saturday that was the final day of most retailers’ fiscal month, Hurricane Irene, preparations for it and recovery efforts afterward certainly wreaked havoc with stores’ results. It also shifted the narrative for the month from the nation’s politics and finances to its meteorology. Putting things in perspective, John Cato, chairman, president and ceo of Cato Corp., commented, “August same-store sales continued to reflect the difficult economic situation facing many of our customers. Hurricane Irene had minimal negative impact on sales for the month.”
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)