MAY IN THE MIDDLE: Sales in March were helped by an early Easter and an early spring, and retailers gave back those benefits — and perhaps a bit more — in a less seasonal, less holiday-laden April. May required no such explanation. Same-store sales advanced an average of 3.9 percent, comfortably above the 3.6 percent estimate provided by Thomson Reuters, and also fit comfortably in between the March and April results. All three retail categories tracked by WWD had average gains that fell in between the March and April results, and two-thirds of the brands covered by WWD had results that either fell in between the two prior months or, in the case of Costco, matched one of them.
ON THE BEAT: More than two-thirds of stores reporting Thursday beat estimates, with the largest upside “surprise” coming from teen retailer Zumiez Inc., which saw comps rise 13.7 percent versus an estimate of 6.6 percent. Off-pricers The TJX Cos. Inc. and Ross Stores Inc. duplicated each other, rising 8 percent versus expectations of 5.3 percent gains, while Stage Stores Inc. (up 8 percent versus an anticipated 2.2 percent pickup) and Stein Mart Inc. (3.1 percent versus the 0.5 percent boost expected) made less customary appearances on the list of top “beats.” The Buckle Inc. produced a rare disappointment, rising just 0.2 percent against the expected 3.3 percent pop.
MIDYEAR CHALLENGE: Stores will be harder pressed to make their numbers this month. Last June, the average comp increased 7 percent, the second-strongest month of the year behind April. Thomson pegged year-to-date comps as ahead 4.8 percent, within the range of 3 to 5 percent recorded throughout 2011.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@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)