- 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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"