- ESCADA SHARES SEESAW: Escada shares recovered Tuesday after the company denied it was about to issue its second profit warning this year. In April, Escada downwardly revised its fiscal 2007-2008 earnings expectations from low-single-digit growth in consolidated group sales and EBITDA to a high-single-digit decline in consolidated sales and a 25 percent drop in group EBITDA for the year ending Oct. 31. A report in Tuesday's Financial Times Germany asserting that problems in Escada's Primera division might require the company to again lower earning expectations initially sent shares tumbling 8 percent. A spokesman for the German fashion house called the FT report "highly speculative" and said the current prognosis remained valid. By the end of the day's trading, Escada closed up 11 cents, or 0.78 percent at 14.25 euros, $22.06 at current exchange. Escada will release first-half results on June 26.
- TALBOTS' NEW SUPPLY CHAIN POST: Gregory Poole has joined Talbots Inc. in the new position of executive vice president and chief supply chain officer. He is responsible for global manufacturing, sourcing, transportation and distribution centers at both Talbots and J. Jill, and reports to Trudy Sullivan, president and chief executive officer. Poole, former senior vice president and chief procurement officer of AnnTaylor Stores Corp., previously spent more than 13 years with Gap Inc. and has worked at Esprit de Corp. and The North Face.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)