STOCKS SINK: Wall Street anxiously anticipated dismal January same-store sales, which will be released later in the week, by sending retail shares into free fall on Monday. The WWD Composite Stock Index fell 2.5 percent to 893.14, while the S&P Retail Index plunged 3.1 percent to 411.05. The Dow Jones Industrial Average dropped 0.9 percent to 12,635.16, while the broader S&P 500 fell 1.1 percent to close at 1,380.82. Women's apparel companies were the biggest drag on the sector. Talbot's Inc. made the New York Stock Exchange's list of biggest decliners, sinking 12.5 percent to $8.26, while Coldwater Creek Inc. fell 18.1 percent to $5.76, Charming Shoppes Inc. declined 15.1 percent to $5.85, Chico's FAS Inc. decreased 5.8 percent to $10.04 and Christopher & Banks Corp. dipped 5 percent to $12.28. AnnTaylor Stores Corp. closed down 5.3 percent to $23.92. Limited Brands Inc. fell 5.2 percent to $18.32, while Citi Trends Inc. decreased 10.7 percent to close at $13.49.
CHANEL'S LONGER DEAL: Luxottica Group said Thursday that it has renewed its license to produce and distribute eyewear for Chanel for three years, renewable for another three years. The relationship between the two companies dates back to 1999. "This partnership is extremely rewarding for both firms," said Antonio Miyakawa, executive vice president at Luxottica. Miyakawa said the license still offers "great growth potential." The executive said Chanel is "one of the three most important" licenses for Luxottica, but declined to be more specific about the size of the business. Bruno Pavlovsky, president of Chanel's fashion activities, said the partners would pursue "an even more luxurious and differentiated strategy."
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)