STUNNING MEDIOCRITY: On the surface, the overall numbers in May were good — Thomson Reuters’ same-store sales index tracked up 4.9 percent with advancers far outnumbering decliners — but fell well short of expectations for a 5.4 percent total. The majority of stores in the Thomson sample — 60.9 percent — missed analysts’ estimates, and three of the six biggest “misses” came from the nation’s largest apparel specialty retailer, Gap, and two of its biggest midtier department stores, J.C. Penney Co. and Kohl’s.
JEWELS AND FUELS: The month’s biggest increase came from Saks, up 20.2 percent, with Neiman Marcus and its 12 percent jump not far behind and Nordstrom’s 7.4 percent well ahead of estimates. While the affluent were clearly out and spending merrily on categories such as jewelry in the month of May, the budget conscious were clearly focused on getting the most out of every shopping excursion, helping both BJ’s and Costco outperform much of the retail field. Having relatively inexpensive gasoline on hand didn’t hurt the club merchants either.
CLIMATE CHANGE: Cool temperatures, floods, tornadoes and even forecasts of The Rapture made for a dramatic month, but the weather’s effect on business overall was difficult to gauge. Tony Buccina, president of merchandising at York, Pa.-based The Bon-Ton Stores Inc., said that while warm-weather goods account for less than a quarter of the firm’s business, “their performance drove the [company’s] entire comparable-store sales decrease” of 2.3 percent. With more seasonal weather just arriving in many parts of the country, retailers and the analysts who follow them this month will be looking for signs of a shift into summer gear.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty