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.
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge
Jewelry label @alisonlou has made a name for itself with fine jewelry that speaks to the Millennial market. Now @twallz21 reports that the label is bringing those playful ideas to a new affordable line of lucite hoops with the launch of Loucite by Alison Lou. Here’s a look from the line modeled by @emrata. #wwdaccessories
@sarahjessicaparker and @gilt are teaming up on a bridal ready-to-wear line. Tomorrow, Parker will launch SJP by Sarah Jessica Parker Bridal — and as part of the launch, Gilt will offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear collection that were designed to complement the new line. Made out of 10 styles, the line is designed for a variety of occasions, from bridal showers to receptions. Get more details on WWD.com #wwdfashion
A grooming moment between @tanfrance and @antoni last night at the The LGBT Community Center Trailblazer Awards honoring Anna Wintour, Ricky Martin and more. See more photos at WWD.com #wwdeye (📷: @lexieblacklock)
“It was a very surreal feeling. It wasn’t like we were in the studio together coming up with it — it’s more like he discovered it and loved it. I didn’t let myself get my hopes up, but then it happened it was very exciting,” said singer-songwriter @nombe on discovering that @pharrell would be using his song, “Cant Catch Me” on his HBO documentary series “Outpost.” The German-born singer — named Noah MacBeth — talked to WWD about feminism, using art as a platform for political expression and personal style. Read more on WWD.com #wwdeye (📷: @jilliansollazzo)
This season, denim is going west – in influence. Brands like @fathersdaughterla (pictured here), @tommyhilfiger Jeans, @levis and more are opting for raw, top-stitching styles. (Styled by @thealexbadia; 📷: @ryanplett)