It's the holiday homestretch and fashion retailers are groping to meet sales and profit goals.
The weekend storm crushed business in the Midwest and much of the Northeast, making a challenging season for apparel even tougher. Women's sportswear, particularly in classic and basic styles and misses' sizes, as well as casual wovens, corduroy bottoms and heavier weight sweaters just aren't moving, according to certain retailers. And consumers are seriously procrastinating, according to the National Retail Federation's "Holiday Consumer Intentions and Actions Survey," conducted by BIGresearch. The poll of over 8,000 consumers indicates that as of Dec. 11, about 20 percent of adult males and almost 14 percent of women haven't started gift shopping yet, a grand total of 35 million, while an estimated 25 million have finished the task.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)