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.
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18