H&M REPORTS: Hennes & Mauritz reported Monday that its sales in November accelerated 14 percent thanks to store openings. The Swedish fast-fashion giant said same-store revenues inched up 1 percent versus November 2006. For its full fiscal year ended Nov. 30, H&M's sales increased 17 percent, or 5 percent on a same-store basis. H&M said it had 1,522 doors as of Nov. 30 compared with 1,345 in the year-ago period.
GOTTSCHALKS' WIDER LOSS: Gottschalks Inc. widened its loss in the third-quarter to $4.1 million, or 30 cents a diluted share, from a loss of $2.7 million, or 17 cents, last year. Sales for the quarter declined 7 percent to $137.4 million from $147.9 million, while same-store sales fell 5.1 percent. The company sited difficulty in its California stores due to home mortgages impacting the consumer. Gottschalks expects fourth-quarter earnings in the range of 40 cents to 50 cents a diluted share.
TALMAGE TAPPED FOR SOLSTICE: Safilo Group has appointed Rick Talmage as chief operating officer of Solstice Marketing Concepts, a privately held subsidiary of the global eyewear manufacturer. Talmage was previously vice president of retail development and global e-commerce at Tumi. He will oversee Solstice's day-to-day operations and growth of its two luxury sunwear specialty chains: Solstice Sunglass Boutique and Sunsights by Solstice, as well as Solstice Sunglass Outlet stores. He joins the firm on Jan. 7 and will report to Claudio Gottardi, chief executive officer of Safilo Group and Solstice Marketing Concepts.
FARM BILL PASSED: The Senate passed a $286 billion farm bill last week Friday by a vote of 79 to 14, that reestablishes some federal subsidies for textile mills and maintains subsidy programs for cotton farmers. The House passed a farm bill in July and the two must now be reconciled and sent to President Bush to sign. Bush has threatened to veto the bill, saying it is too expensive and doesn't go far enough in cutting subsidy programs. Brazil won a World Trade Organization case against U.S. cotton subsidy programs three years ago by arguing they were illegal and cost its farmers $600 million in lost sales. The U.S. abolished a key farm program that provided $2.4 billion worth of subsidies, but a WTO panel recently ruled the U.S. did not go far enough. Pending appeal, Brazil could have the right to retaliate with as much as $1 billion a year in sanctions.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“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