NEW YORK — Stricken by a later Thanksgiving, retailers reporting November sales Wednesday saw weakness, which foretold what most firms are expected to reveal today.
Federated Department Stores Inc. said Wednesday that its November comparable-store sales dropped 7.4 percent. Total sales for the month slid 5.8 percent to $1.47 billion.
"It is difficult to forecast December sales on the basis of what we have seen in November because while Thanksgiving weekend was strong, sales earlier in the month were weaker than expected," said chairman and chief executive James Zimmerman, in a statement. "At this point we are anticipating sales at the lower end of our expectations for the combined November-December holiday period."
Federated previously said its comps for the two months would be flat to down 2.5 percent. If December comes in flat, the firm said it would hit the low end of that range.
Nordstrom Inc.’s comps slid 1 percent last month. In the firm’s full-line stores, cosmetics, as well as designer contemporary and bridge apparel, comped up while women’s and children’s shoes and women’s activewear were flat. On a calendar basis, the firm’s same-store sales rose 2.8 percent.
Hot Topic Inc. offered a respite from the declines with a 4.7 percent comp uptick for November. Total sales for the retailer shot up 29.4 percent to $34.8 million.
Betsy McLaughlin, president and chief executive, said the results marked record sales during the pre- and post-Thanksgiving weekends. "Similar to last year, our promotional level was low with only one planned promo targeted to parents over the Thanksgiving weekend," she said in a statement.
Aeropostale Inc.’s comps dipped 1.3 percent for the month, compared with a 17.8 percent increase a year ago. Same-store sales rose in the mid-single digits over the Thanksgiving weekend. "Promotional activity has moderated and our merchandise margin trend continues to improve versus plan," chairman and ceo Julian Geiger stated.
Guess Inc.’s retail comps inched up 1.1 percent, with a 3 percent rise at its full-priced stores, offset somewhat by a 2.9 percent drop at its factory outlets. Total sales climbed 9.5 percent to $36.8 million.In the off-price arena, Factory 2-U Stores Inc. endured a 9.6 percent same-store sales decrease. Total sales dropped 10.9 percent to $47.7 million.
Meanwhile, the big bang in cyberspace comes the Monday after Thanksgiving, according to Internet researcher comScore Media Metrix, which found online purchases made by consumers on Dec. 2 totaled $379.5 million, up 49 percent from the comparable day last year. ComScore estimates 60 percent of online sales to consumers are transacted in the workplace, thus the researcher reasons that post-Thanksgiving Monday marks the first surge in holiday cybershopping. Nontravel online sales made on Dec. 2 tallied $231.5 million, up 37 percent over Black Monday in 2001, while travel volume hit $148 million, up 72 percent from the same day last year, when travel fell sharply post-9/11.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast