As New York Fashion Week approaches, results from Neiman Marcus Inc. suggest that things aren’t great in the designer apparel sector.
On Thursday, Neiman Marcus Inc. reported that for its second quarter ended Jan. 26, total revenues rose 6.5 percent to $1.36 billion, from $1.28 billion in the year-ago period. Comparable revenues rose 5.3 percent.
Women’s contemporary sportswear and shoes, designer handbags, designer jewelry and men’s wear paced the business at the luxury retailer’s stores. However, designer apparel was not among the best sellers. The retailer did not provide specifics.
Neiman’s online business in the quarter increased 17.9 percent on a comparable revenue basis and was paced by women’s contemporary sportswear and shoes, handbags, jewelry and men’s wear, but not designer apparel. Comparable revenues in the specialty store segment alone, which includes the Neiman Marcus, Bergdorf Goodman and Last Call stores, rose just 2 percent. Store revenues were strongest in the Southeast and Texas, the company said.
During Neiman’s first quarter, which ended Oct. 27, similar sales trends were evident. Neiman’s previously reported that in the stores, women’s contemporary sportswear, shoes, handbags, jewelry and men’s wear were best-selling categories. Online, handbags, jewelry, beauty and men’s wear were bestsellers. Neiman’s fiscal year concludes at the end of July.
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)