In Brief: Kohl’s May Sales … East Heads West … Dress Barn Case
KOHL'S MAY SALES: Kohl's Corp. said Tuesday that sales for the four-week period ended May 28 rose 10.2 percent compared with the same four-week period a year ago. On a same-store basis, sales inched up just 0.2 percent. The retailer...
KOHL'S MAY SALES: Kohl's Corp. said Tuesday that sales for the four-week period ended May 28 rose 10.2 percent compared with the same four-week period a year ago. On a same-store basis, sales inched up just 0.2 percent. The retailer said sales were disclosed earlier than usual because of an upcoming company presentation at an analyst conference. Larry Montgomery, Kohl's chairman and chief executive, said in a statement, "May's sales performance was in line with our expectations. We continue to expect a comparable store sales increase for the second quarter of 4 percent to 5 percent and remain comfortable with our previous earnings guidance of 49 [cents] to 52 [cents] a diluted share for the second quarter."
EAST HEADS WEST: Japanese designer Yohji Yamamoto said Tuesday that he plans to open a New York showroom later this month at 134 Spring Street in a bid to build wholesale volume in the U.S. Also, as expected, Yamamoto said he would introduce a line of tailored men's wear at Pitti Uomo in Florence June 22-25 for spring-summer 2006 retailing. The moves are part of a strategy by Yamamoto chief executive Keizo Tamoto to expand the label into new niches and build volume by making collections more accessible to retailers.
DRESS BARN CASE: Dress Barn Inc. said Tuesday that the Connecticut Supreme Court reversed a $32 million judgment against the company. The 2003 judgment stemmed from an alleged breach of contract related to a failed negotiation for an acquisition. "We have always believed that this lawsuit was without merit, and we are gratified that the highest court in the State of Connecticut has reversed the judgment," said David R. Jaffe, president and chief executive officer of Suffern, N.Y.-based Dress Barn, in a statement. Dress Barn is to release its fiscal third-quarter financial results today.
@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