NEW YORK — J. Crew has found the location for its first men’s-only store.
It will be located at The Liquor Store, a landmark building at 235 West Broadway at White Street in Tribeca. It will be smaller and more intimate than the company’s other stores, according to a spokesperson, and is slated to open in the early summer.
It will carry “the best-of-the-best” of the J. Crew men’s collection, including Collector’s Items, its upscale, limited-edition items. It will also offer the company’s “list” of the items that every man should own.
Millard Drexler, CEO of J. Crew, mentioned the planned debut of the men’s-only store during the company’s fourth quarter and year-end conference call on Tuesday.
He said the store is “a very short-term lease,” involving “very little investment and risk,” that will allow the company “to fool around and play with a men’s store. It’s going to be small.”
Drexler said the company is continuing to work on finding locations for “one or two” larger freestanding men’s stores, but no leases have been found.
For the fourth quarter, J. Crew reported earnings of $25 million, or 39 cents a share, down from $44 million, or 71 cents a share in the same period last year, when results included a $10.6 million tax gain. Before taxes, J. Crew's income rose 24 percent year over year. The quarter also included 2 cents a share in severance costs.
Sales in the period rose to $399.9 million from $366.7 million last year, when the quarter included an extra week. Comp-store sales were flat, but taking out the extra week, they would have risen 4 percent.
For fiscal 2008, the company is forecasting earnings of $1.85 to $1.87 a share. In fiscal 2007, earnings were $1.54 a share.
The company is also projecting comp-store growth in the mid-single digit range for this year.
“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