LATE RISERS: Thursday’s same-store sales reporting ritual had more than a little in common with the month it covered — slow at the start with a pickup at the end. The Wet Seal Inc. and Cato Corp., who’d wind up with the weakest performances of the month (down 9.7 and 7 percent, respectively), filed early in the morning while the better numbers — Nordstrom Inc. and Gap Inc.’s stronger-than-expected respective increases of 8.6 and 5 percent — came as the last data trickled in, along with upside surprises from Kohl’s Corp., Stein Mart Inc. and off-price titans The TJX Cos. and Ross Stores Inc. RELATED STORY: Holiday's Aftermath, Squeeze on Profits >>
THE EXPECTATIONS GAME: Earlier estimates from Thomson Reuters called for a modest 2 percent median increase in reporting stores’ same-store sales, but that number was lowered to 1.7 percent Wednesday as more analysts filed their numbers and others lowered previously issued approximations. The final average for the month was 2.3 percent and, excluding drugstores, rose to 4.5 percent, 1.2 points better than anticipated. Promotional and based on a shrinking sample, to be sure, but far better than November’s 1.6 percent advance, which was hampered by Hurricane Sandy.
VALUE VICTORS: Tempting prices delivered the dollars to fashion merchants late in the month, but it was the stores that live and die by price every day that posted the best numbers overall. In addition to Nordstrom’s solid performance, the largest increases came from Costco Wholesale Corp. (8 percent excluding fuel sales), TJX and Ross (both up 6 percent) and Stein Mart Inc. (up 5.9 percent).
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)