Reorganization costs stemming from its bankruptcy proceedings pushed the The Spiegel Group Inc. deeper into the red in the second quarter. For the three months ended June 28, the Downers Grove, Ill.-based Eddie Bauer...
Reorganization costs stemming from its bankruptcy proceedings pushed the The Spiegel Group Inc. deeper into the red in the second quarter. For the three months ended June 28, the Downers Grove, Ill.-based Eddie Bauer parent reported a net loss of $146.6 million, or $1.11 a diluted share. By comparison, last year the company had a loss of $56.1 million, or 42 cents. Reorganization items of $84.4 million, including those for the closure of 80 Eddie Bauer retail and outlet stores, accounted for the bulk of the loss. Net revenues for the period fell 21.9 percent to $472.9 million from $605.6 million a year ago. For the first half of the fiscal year, Spiegel recorded a net loss of $277.5 million, or $2.10, versus a loss of $99.4 million, or 75 cents, a year ago. Reorganization items contributed a net of $98.4 million to the loss. Revenues for the six months fell 25.9 percent to $906.3 million from $1.22 billion last year.
High-flying Hot Topic declared 3-for-2 stock split in the form of a 50 percent stock dividend payable on Sept. 2 to shareholders of record Aug. 21. Fractional shares shall be converted into cash based upon Hot Topic’s closing price on the Nasdaq on the distribution date.
@zacposen's go-to holiday gift? Cookies! "I'll usually bake cookies and send them as a gift," said the designer, who recently released his cookbook "Cooking With Zac: Recipes from Rustic to Refined." Get the recipe for his Brown Butter-Chocolate Chip Cookies via link in bio 🍪🍪🍪 #wwdeye #cookingwithzac
For @monsemaison’s pre-fall 2018 collection, Fernando Garcia and Laura Kim honed in on the brand’s many signatures — men’s wear, which was tweaked and feminized through deconstruction, proportion play and lots of bare shoulders. See the rest of the photos on WWD.com #wwdfashion (📷: George Chinese)
On Friday night, @yohjiyamamotoofficial received the Design for Asia Lifetime Achievement Award in Hong Kong. The 75-year-old designer has been celebrated for many years and is best known for his dark and avant-garde tailoring. “In my long career, in design, architecture, [I’ve been to] so many parties, this is the very first time that I have such a warm feeling, I really appreciate this,” Yamamoto said. #wwdfashion (📷: @dominiquemaitre)
Discovery is collaborating with British pop artist @philipcolbert on a new line of clothing and accessories called Discovery Shark. The collection, which will launch next summer for Shark Week’s 30th anniversary, features a whimsical line of women’s and men’s bomber jackets, sweatshirts, bags and more. #wwdfashion
“I’m always a big champion of a female rapper, and I’m glad to see a new voice that feels unique and authentic that’s coming up, and I think we’re going to see more great things from her,” said @itsjeremyscott about @iamcardib, who performed at @moschino’s Art Basel Miami Beach party last night. #wwdeye (📷: @lexieblacklock)
@janellemonae’s “What’s Your Frequency?” room in @refinery29's #29Rooms made its debut this week at the opening of the Los Angeles art exhibit. “It’s about the ongoing conversation around mass surveillance, the weaponization of technology and cultural uniformity. My space was created so that we can come together and talk about the complexities of our humanity,” said Monáe. #wwdeye (📷: @bucknerphoto)
@pantone announced their Color of the Year 2018: Ultra Violet. Nearly 20 months after the musician Prince’s death, fashion is having a purple moment. Varying shades of purple appeared on spring or fall runways, from @christopherkane to @calvinklein. @gucci’s Alessandro Michele bathed his fall runway in ultra violet-colored light at one point. Pantone 18-3838 is meant to “push the boundaries of what inspires us to look upward and outward to the future.” #wwdnews #wwdfashion (📷: @kukukuba)