- 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.
- KEEPING IT ANONYMOUS: U.S. Customs & Border Patrol launched an online reporting system Tuesday for the public to anonymously report suspected trade violations. The system, called eAllegations, allows users to report things like intellectual property and quota violations. Users must submit information about the type of violation, a description of what happened, the goods involved and the name and company of the parties involved. The system will also allow for reporting misclassifications of merchandise, misleading country of origin markings, health and safety violations and other textile and trade infractions. The site is not intended for reporting security issues like terrorism.
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
Stay up to do date with breaking news and trending stories with WWD’s “The Essentialist.” Our newsletter delivers the top news in fashion right to your inbox. Want more info? Link in bio. #wwdfashion (📷: @kukukuba)
"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.