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 >>
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion