BACK-TO-SCHOOL BUMMER: September comparable-store sales came in not only significantly below those for August (up 6.1 percent) but, even when excluding the struggling drugstore sector, at their lowest level — up 3.6 percent — since June’s 2.5 percent uptick. And according to Thomson Reuters, the beat-miss ratio among reporting stores also approached the June swoon. Eight companies beat analysts’ expectations while nine missed them, although it took Target Corp.’s 0.1-point shortfall in its final episode of monthly reporting to pull the missers ahead of the beaters. In June, just six retailers beat estimates while 12 missed them.
AMONG THE MISSING: The Buckle Inc., previously a dependable double-digit comp increase generator, has seen declines in three of the last four months. September’s 0.8 percent drop came against estimates of a 1 percent gain and, revealingly, against a September 2011 increase of 10.3 percent. Although they had respective gains of 2.5 and 4.4 percent, Macy’s Inc. and Nordstrom Inc. made rare visits to the miss list, joining midtier Kohl’s Corp. among the department store disappointments.
SEEMS LIKE OLD TIMES: A Gap Inc. division with a double-digit sales increase? It’s becoming almost a common occurrence once again. Old Navy North America was up 10 percent last month, making the third time this fiscal year it’s moved into double-digit territory. Banana Republic enjoyed a 12 percent upswing in February and Gap a 13 percent bound in July. Gap’s international unit has continued to post same-store declines, including a 3 percent dip in September. Still, year-to-date corporate comps are up 5 percent.
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