UP BEAT: Among the retailers tracked by Thomson Reuters, only two — teen retailers The Wet Seal Inc. and Zumiez Inc. — reported August comparable-store sales results below analysts’ expectations, producing an 88 percent “beat” percentage that was the highest in TR’s more than decadelong history of monitoring monthly sales. Wet Seal, poised for a proxy fight over the composition of its board, was expected to drop 17 percent and fell 18.3 percent, while Zumiez was up 3.7 percent for the month, a point shy of its anticipated finish. Drug retailers Rite Aid and Walgreens report August results next week. Without them, the median increase for the month was 3.6 percent, nearly twice the 2 percent increase expected. For the fourth month in a row, the nation’s two largest off-price chains, The TJX Cos. Inc. and Ross Stores Inc., registered identical comp increases, with August’s gains crossing the finish line at 8 percent.
CALENDAR CURL: August results in August? Stores generally report their monthly results on the first Thursday of the subsequent month. But with the irregularities of retailing’s 4-5-4 calendar, into which the industry’s 13-week quarters are divided, occasionally the tally for a four-week month falls at the tail end of the month being reported. And, as the peculiar mathematics of the Gregorian calendar would have it, the “last Thursday” phenomenon already has occurred twice in 2012 — in May as well as August — and will happen once again, at the end of November, before the year is through. It never happened in 2010 or 2011 and won’t occur in 2013 or 2014, either. RELATED STORY: Retailers Post Strong August Comps >>
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18