As the holiday shopping season winds down with gift-card redemptions and gift exchanges, the first "significant spending event of the year," according to analysts at Telsey Advisory Group, is Super Bowl LII on Feb. 4 followed by Valentine's Day on Feb. 14.According to the National Retail Federation, consumers spent more than $14 billion last year during the run-up to the Super Bowl. Over 188 million people watched the game, and 80 percent of expenditures were on food and beverages. Team apparel and accessories garnered the next largest share of spending at 10.7 percent, and was followed by 7.7 percent on decorations.Some of the apparel companies poised to benefit from the Super Bowl include Fanatics Inc., which bought VF Corp.'s licensed sports group earlier this year for an undisclosed amount. Fanatics operates more than 300 online and physical stores, which includes running e-commerce venues for its sports leagues partners. Its partners include the NFL as well as the MLB, NBA and NASCAR, among others.Households also used the Super Bowl as a reason to buy a new TV with 7.7 percent of shoppers doling out money for the latest displays, including 4K HD TVs, Smart TVs, OLEDs and LEDs as well as home theater systems, according to the NRF, which noted that more than 24 percent of survey respondents cite the commercials as a key part of the event. The half-time show is also highly anticipated. The next survey on the Super Bowl is due later this month.But one of America's favorite pastimes sits behind Valentine's Day in regard to consumer spending. Last year, shoppers spent more than $4 billion more on the holiday as compared to the Super Bowl, according to the NRF, which noted that department stores take about 35 percent of the total share of spending followed by discount stores at 32 percent and online channels at 27 percent.After Valentine's Day, Easter is the next big spending event, and it is placed on the calendar earlier this year taking place on April 1 versus April 16 last year. "This year, Easter is taking place much earlier than last year, which suggests that all Easter sales will occur in the calendar first quarter, rather than being split between the first and second calendar quarters," TAG analysts said in their report. "An earlier Easter is generally less favorable, given that the weather has not turned in many parts of the U.S. and the pastels of Easter usually sell better with spring weather. In 2017, Easter generated estimated sales of $18.4 billion."
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion
@longchamp, which marks its 70th anniversary this year, just opened its biggest U.S. store on Manhattan’s Fifth Avenue. On the lower level there’s a floor-to-ceiling display of the brand’s iconic Le Pliage bag – in all of its different colors, shapes and sizes. Customers can also have their product personalized in-store by imprinting names, initials or emblems. #wwdfashion (📷: @ericmtownsend)
“Whenever I’m in that place of sound and music, I don’t have fear or nervousness…This album has a lot of themes of courage and boldness and I want to be the soundtrack for people’s lives. I’ll be so happy if [my songs] evoke strength in people, which I know music has done for me,” says @kimbramusic of her newest album “Primal Heart.” The New Zealand-born singer sat down with WWD to talk about her music, newest tour and connecting with hear fans — read more on WWD.com #wwdeye (📷: @jilliansollazzo)
Luxury handbag resale company @rebagofficial is planning to sell a rare collectible for $70,000: the @hermes White Crocodile Himalayan Birkin. The exclusive Birkin sold for about $100,000 in 2008, when @davidbeckham bought one for his wife @victoriabeckham to add to her collection. Read more about the rare Birkin on WWD.com #wwdaccessories
With her costume pearl necklace and what-you-see-is-what-you-get style, Barbara Bush, who died Tuesday at age 92, was a straight-shooter from start to finish.
Born Barbara Pierce in New York City, Bush served as the 37th first lady, as well as the country’s second lady from 1981 to 1989. In addition to being part of the longest presidential marriage — 73 years — Bush also had the unlikely distinction of having one son, George W., become the 43rd president and another son, Jeb, run unsuccessfully in 2016. Having served as second lady during the Reagan administration’s two terms and lived all over the world during her own husband’s ascending political career, Barbara Bush made it clear that literacy — not fashion — was her priority. Read more from Rosemary Feitelberg’s obituary on the late First Lady in WWD.com, link in bio. #barbarabush #wwdnews
Western and ’90s trends have influenced denim for fall 2018. Think raw, dark and coated jeans mixed with bold prints and tough leather. #trendtuesdays #wwdfashion (Styled by @thealexbadia;📷: @ryanplett)