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 >>
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
“Personally I believe the Eighties have been the richest and more vivacious period for international fashion,” Giorgio Armani said when asked what his favorite decade of fashion is. It was a moment of disruption and experimentation and only thinking back to the first years of that decade is always an emotion for me, for what they have meant to me and my work.” The influence is clear in @giorgioarmani spring 2018 collection, pictured here, which was full of bright colors and unexpected prints. Read more about which decades designers loved most on WWD.com #wwdfashion #wwddecades (📷: @aitorrosasphoto)
For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)