ON THE MONEY: July’s same-store sales results weren’t strong enough to stop Wall Street’s slide Thursday, but they were hardly a disappointment. In fact, the Thomson Reuters SSS Index landed with a 4.4 percent increase, exactly as projected, with discounters, registering a 7.1 percent jump versus a 6.2 percent estimate, the strongest sector. Teen retailers surpassed expectations — up 6.8 percent versus the 5 percent expected — and apparel retailers trailed estimates just slightly (1.9 percent versus 2.2 percent) and were up when figures from the stumbling Gap were excluded (4.6 percent versus a 3.4 percent projection).
LIMITS OF LUXE: Unity Marketing’s forward-looking Luxury Consumption Index might have recently shown a steep drop in the sentiments of the affluent, but it didn’t make a dent on upscale retailers’ July results. In fact, Saks Inc., with a 15.6 percent comp gain, registered both the best overall number and the biggest upside surprise of the month. (Projections were for a 8.5 percent hike.) Nordstrom was up 6.6 percent versus an expected 5.8 percent upward swing and Neiman Marcus Inc., privately held and not endowed with an estimate, moved up 7.7 percent.
“I was touched by the fact that she lost her father, really before his time, and it was a real shock. She had two young children, she was married and she was expecting that she would have her own life for a good 25 years,” said Claire Foy about playing a young Queen Elizabeth in Netflix’s The Crown. Styled by @mayteallende 📸@jgreenery #emmys2017 #wwdeyeu
“Truth and lies have become a real interesting theme, more than ever, lately,” Emmy nominee Laura Dern told WWD. "It’s a very interesting time to use our voice." Styled by @cristinaehrlich, 📸 @shayanhathaway #wwdeye #emmys2017
“It transcends the genre that is you think of a sci-fi show — you don’t expect it to be so profound or emotionally riveting,” Evan Rachel Wood told WWD of her Emmy nominated role in Westworld. styled by @samanthamcmillen_stylist 📸 @emmanmontalvan #emmys2017 #wwdeye