JUNE BOUNCE: June comparable-store sales numbers were expected to benefit from a series of positive influences, the lateness of the arrival of warm weather and Memorial Day among them, but the actual numbers surprised both analysts and investors, who sent the S&P Retail Index to an all-time high less than a month after it had backed off more than 10 percent from the previous high-water mark set on May 13. Thomson Reuters had estimated a 4.9 percent boost in June comps but wound up with a 6.5 percent gain as 87 percent of companies tracked beat estimates and just 13 percent fell short.
WEB WEAKNESS: By nearly all calculations, The Wet Seal Inc. had a strong month, with a 7.3 percent comp advance qualifying as the second biggest upside “surprise” of the month. (A 1.9 percent increase was expected.) But the company reported that its e-commerce sales for June, not included in its comp number, declined 17 percent, a rare exception to the good news that’s characterized Susan McGalla’s tenure as chief executive officer of the company since her arrival in January. UNLIMITED HORIZONS: The only company with a better “surprise” in June than Wet Seal was Limited Brands Inc., which again confounded the experts by coming up with a 12 percent comp rise versus expectations of a far more modest 3.8 percent boost. The Bath & Body Works unit did fine — ahead 5 percent — but Victoria’s Secret added to a string of sensational showings, comping up 17 percent. In fact, during the 2011 calendar year, the innerwear giant has missed a double-digit comp increase only once — during the disappointing month of May. Its best performance was in January, when comps soared 35 percent.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)