The Calvin Klein business was the fourth-quarter superstar at Phillips-Van Heusen Corp., which managed to drive net income up 13.4 percent despite weakness in the group's other wholesale and retail businesses. "Calvin Klein continues to exhibit strength both domestically and internationally and is driving our revenue and earnings growth," said Emanuel Chirico, chairman and chief executive officer. "There continues to be high global demand for our Calvin Klein brand, and this demand continues to grow as we enter into additional markets, such as China, India and Russia, and new product categories, such as cosmetics."Profits in the quarter advanced to $30.3 million, or 55 cents a diluted share, from $26.8 million, or 47 cents, a year ago. Total revenues for the three months ended Feb. 3 rose 4.9 percent to $584.5 million from $557 million, which included a 4 percent gain in wholesale sales to $507 million.For the year, earnings shot up 30 percent to $183.3 million, or $3.21 a diluted share, on a 16 percent rise in revenues to $2.43 billion.In the quarter, operating earnings for the firm's Calvin Klein licensing segment increased 37 percent to $33.4 million on a 14.2 percent rise in revenues to $70 million.Chirico said the company would continue to keep "international growth opportunities at the forefront of our strategy."Some of those initiatives include Izod women's sportswear, Calvin Klein specialty stores and Timberland men's sportswear. About 25 percent of the firm's consolidated earnings before interest and taxes are generated internationally, "driven by a significant international component of the Calvin Klein licensing business," Chirico said.Earnings per diluted share are slated to rise to $3.30 to $3.40 in 2008 on a projected sales gain of 7 to 8 percent to $2.6 billion.Also on Monday, PVH said it inked a licensing deal with Arvind Mills to produce and market Izod-branded apparel in India. Under the new license, Arvind can distribute the goods both at wholesale and through Izod-branded stores. Arvind was founded in 1931, and also has a joint venture with VF Corp. to sell that company's Wrangler, Lee, Nautica, and Kipling brands on the subcontinent.
La Double J made a name for itself with its vintage-inspired prints, but for resort, designer JJ Martin has ventured into new territory: enter rich jewel toned solids and decadent embellishment, in the form of appliqués, crystals and sequins. #wwdfashion #resort19 #ladoublej
This Just In: J. Crew Group has named Johanna Uurasjarvi as its chief design officer.
Uurasjarvi succeeds Somsack Sikhounmuong, who left the company last September. Tap the link in bio for the full report. #wwdnews
“She came into my hotel room and she was like, ‘I have Chanel and Christian Dior.’ She was like, ‘Chanel likes you.’ And I was like, ‘I’m going to start crying,’” breakout star Maddie Hasson tells WWD of her styling sessions Molly Dickson. “I really like classic, elegant things. I love the way Anna Wintour dresses.” Read more about Hasson’s role in @impulseseries on wwd.com. (📸: @jgreenery ) #wwdeye
@virgilabloh revealed he's working with Australian stylist and
Vogue Australia fashion director @christinecentenera for his debut @louisvuitton men's collection, which will be presented in Paris on June 21. Centenera met Abloh while both working with Kanye West, where she consulted on his all his runway collections since his debut spring 2012 women's wear show. Read the full story on WWD.com. #wwdfashion #wwdnews (📷: @asussmanphoto)
"In order for Shudu to wear garments, she needs to be able to put them on, just like you would in the real world. You have to digitize the outfits," said Cameron-James Wilson on dressing 3-D model @shudu.gram for her WWD photoshoot with @itsclo3d. #wwdfashion (📸: @cjw.photo)
“Shudu is a digital supermodel, a very glamour and amazing woman. But she’s 3-D,” says Cameron-James Wilson, a fashion photographer and the creature of @shudu.gram. Here, Shudu wears @cushnieetochs for her debut fashion editorial. #wwdfashion (📷: @cjw.photo)
“It is the fierce female performances that came before me that made be able to clearly identify for myself what it was that I wanted to do, what kind of artist I wanted to be, what kind of films I wanted to make,” said @brielarson at the Women in Film Crystal + Lucy Awards. See more pictures from the event on WWD.com. #wwdeye (📷: Matt Baron)