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.
"'Dynasty' is all about gowns, the diamonds and the scandal, so it's a bit like the fashion industry. When we come to Cannes it's all about the red carpet dresses too, so it all fit really well," said designer @philippplein78 on the theme of his high-glamour resort 2019 show at his mansion in Cannes. #wwdfashion #cannes (📷: @zefashioninsider)
"I think Spike is such a brilliant director because he holds up a mirror to society and reflects these issues, yet he doesn't shove it down your throat, he doesn't tell you what to think," says @lauraharrier on her latest film @Blackkklansman. Harrier was at the Cannes Film Festival – for the very first time – with @officialspikelee. #wwdeye #cannes (📷: @zefashioninsider)
“I would think to myself, Are you happy? Yes, I’m wildly happy. I go to this studio every day and, in my inside voices, I’m giggling; I’m singing. Yes, it’s a lot of work, it’s a [huge] volume of material. It wouldn’t be for everybody. But I was very happy,” said soap opera star @therealsusanlucci of checking in throughout the years with her career trajectory. Lucci spoke to WWD about her decades-long career, love for pilates, motherhood and her QVC activewear line. Read Bridget Foley’s full piece on Lucci on WWD.com #wwdfashion (📷: @celestesloman)
@balmain has taken a stand at the #cannes Film Festival, dressing 16 actresses at a press call for the project “Noire N’est Pas Mon Metier,” or “Black Is Not My Profession.” The multimedia project includes a book, photo exhibit and documentary, which aims to expose discrimination in the French and American entertainment industries. “The moment I was asked to participate, I knew it was right for me, and for this brand, to form a part of this moment,” Balmain creative director @olivier_rousteing told WWD. #wwdnews #wwdfashion
"I always feel curious and I feel like there's more to learn. But I think being relevant, feeling relevant, I personally always feel that there's just so much more to know. And maybe that's the key.” — @themarcjacobs #wwdsummits #wwdbeauty (📷: @patrickmacleodphoto )
“The most amazing thing about her is that, regardless of all the things that have happened to her, her spirit is so undaunted by all of it. She is the most cheerful person you will ever meet. She doesn’t see problems, she only sees solutions,” said @ajanaomi_king of activist Ifrah Ahmed, who she plays in a new film “A Girl from Mogadishu.” WWD caught up with King at Cannes — Head to WWD.com to read more about her new role, personal style and how she uses social media for causes like Time’s Up and Black Lives Matter #wwdeye
WWD asked a number designers to share their thoughts on what Meghan Markle’s wedding gown will look like this Saturday. Here, Valentino’s Pierpaolo Piccioli sketches his look. #wwdfashion #royalwedding #meghanmarkle