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.
@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)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews