Checkout: Road to Singapore … Club Up … 1/2 Price Honchos
ROAD TO SINGAPORE: Kmart will open its first two Asian stores in Singapore, one in April and the second in July. They will be full-service Kmart discount units, and are part of a joint venture with Metro Private Ltd., a subsidiary of...
ROAD TO SINGAPORE: Kmart will open its first two Asian stores in Singapore, one in April and the second in July. They will be full-service Kmart discount units, and are part of a joint venture with Metro Private Ltd., a subsidiary of Metro Holdings Ltd., a retail organization in the Pacific Rim and Southeast Asia.
Metro Private operates five department stores in Singapore, 15 factory outlets and a number of specialty stores and restaurants. Its parent has joint-venture operations with Cartier, Piaget and Toys "R" Us in Malaysia and Singapore, and it is a wholesale distributor for such brands as Monet, Tag Heuer, Hush Puppies and Browning.
CLUB UP: Price/Costco Inc. reported sales in the four weeks ended Jan. 16 rose 11 percent to $1.22 billion, with same-store sales up 2 percent.
The company, based in Kirkland, Wash., also said four warehouses will be closed as of Sunday. The clubs are Contra Costa, Bakersfield and Riverside in California and New Britain in Connecticut.
Saying it had contemplated the closings at the time of the merger of Price Co. and Costco Inc. in October, the company noted that the costs were already provided for in the $120 million merger and restructuring reserve reported in the first quarter ended Nov. 21. Price/Costco said it does not expect any additional expenses related to these closings.
1/2 PRICE HONCHOS: Richman Gordman 1/2 Price Stores, Omaha, Neb., has named Paul M. Bass Jr. chairman, succeeding Dan Gordman, who died last month. Gordman was founder of the company. Bass had been vice chairman. Dennis E. Reaves, president and chief executive officer, will add the title of vice chairman.
In addition, Jeff Gordman, vice president of planning and allocation, has been named a director. He joined the company in 1990 and is a grandson of Dan Gordman.
The retailer emerged from bankruptcy as a public company in October and operates 23 stores in the Midwest.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast