- WET SEAL PICKS CEO: Wet Seal Inc. has tapped Edmond Thomas to lead its turnaround effort. The teen retailer, based in Foothill Ranch, Calif., said Thursday that Thomas, 54, president and chief operating officer of Wet Seal from 1992 to 2000 and current co-chief executive officer and president of surf specialty chain Tilly's Inc., will assume the ceo post next month. He replaces Joel Waller, who said he would step down from the chairman and ceo positions. As of Sept. 1, Wet Seal operated 467 stores, including 375 Wet Seal units and Arden B. units, in 47 states, the District of Columbia and Puerto Rico. In the year ended Feb. 3, Wet Seal reported slightly more than $15 million in operating profits after two fiscal years of operating losses. Sales in the second quarter of this year climbed to $143.3 million from $129.5 million in the same period a year ago.
- MOVADO NET TICKS UP: Watchmaker Movado Group Inc. reported an 8 percent rise in second-quarter earnings, bolstered by international business and expansion of licensed brands. For the three months ended July 31, earnings climbed to $12.3 million, or 45 cents a diluted share, from $11.3 million, or 43 cents, in the year-ago period. Sales for the quarter jumped 10 percent to $139.5 million from $126.6 million, while total same-store sales fell 2.3 percent. For the six-month period, earnings increased slightly to $14.7 million, or 54 cents a diluted share, from $14.2 million, or 54 cents, on sales that swelled 7.4 percent to $240.8 million from $224.3 million.
@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