Abercrombie & Fitch Co. Annual Sales: $2 billion Enterprise Value: $4.4 billion BUYER/HOLDING: Company is focused on organic growth, especially via international expansion. But what if the right deal comes around? Has $443.4 million in cash on balance sheet.
Bon-Ton Stores Annual Sales: $1.3 billion Enterprise Value: $533.4 million HOLDING/SELLING: The regional department store chain, which acquired Elder-Beerman about a year ago, posted a loss in its most recent quarter. Is its real estate portfolio of 140 stores appealing to other department store chains?
Dillard’s Inc. Annual Sales: $7.5 billion Enterprise Value: $3.9 billion HOLDING/SELLER: There’s speculation that several department store retailers are interested in this predominantly family-run company. Several members of the Dillard family have controlling interest in shares, and may not want to sell.
Eddie Bauer Annual Sales: n/a Enterprise Value: n/a SELLING: The company is on the block and shedding stores as parent company Spiegel Inc. works through its bankruptcy. Several financial firms — Apollo, Bain and Cerberus Capital Management — conducted due diligence, and bids were submitted in August. Company could fetch $600 million to $1 billion.
Federated Department Stores Annual Sales: $15.6 billion Enterprise Value: $13.6 billion BUYER/MERGING: Reportedly in talks with May Department Stores to acquire and presumably merge with the ailing department store chain. Could also be interested in making a deal with Dillard’s. Federated has $212 million in cash on its balance sheet as of its most recent quarter.
Gadzooks Inc. Annual Sales: $186.5 million Enterprise Value: $23.2 million SELLING: Company currently in bankruptcy. Has shuttered some stores, and is being eyed by both strategic and financial buyers. Gap Inc. $16.3 billion $18 billion BUYER/HOLDING: Gap Inc. could be in play. Comp-store sales have recently softened, but the retailer is focused on international expansion as well as a new over-35 concept set to open in 10 test stores this fall. Has $2.7 billion in cash on hand.J. Crew Group Inc. Annual Sales: $688.3 million Enterprise Value: n/a SELLER: Despite stellar comps and improving operating margins, the specialty retailer received two loans in late 2004 totaling $455 million. Possible target of financial buyer or private equity firm. IPO speculated for 2006.
J.C. Penney Co. Inc. Annual Sales: $18.4 billion Enterprise Value: $12.6 billion BUYER/HOLDING: After shedding its struggling Eckerd drug store unit last year, the national department store chain has shown significant operational improvement. Rumored to be interested in acquiring some or all of May Department Stores. Has $4.6 billion in cash in its coffers.
Jones Apparel Group Inc. Annual Sales: $4.4 billion Enterprise Value: $5.2 billion BUYER: Bought Barneys New York in late December and Maxwell Shoe in July. Could be looking for ways to further diversify its portfolio. Has $49.5 million in cash on balance sheet.
Kellwood Co. Annual Sales: $2.4 billion Enterprise Value: $1.1 billion BUYER/HOLDING: Kellwood apparently evaluates on the order of 100 possible acquisitions a year. Has $208.9 million in cash.
Kmart Holding Corp. Annual Sales: $17.1 billion Enterprise Value: $6.7 billion BUYING/MERGING: Currently on track to merge with Sears in $11 billion deal. $2.56 billion cash on hand at end of latest quarter. Is Edward Lampert, who helped the company emerge from bankruptcy in May 2003 and led the Sears deal, done?
Kohl’s Corp. Annual Sales: $11.7 billion Enterprise Value: $17.7 billion SELLER/HOLDING: Company appears to be struggling to maintain a turnaround. Comp-store sales are inconsistent, usually in negative territory. Could other department store chains be interested in its 640-strong real estate portfolio?Limited Brands Inc. Annual Sales: $9.4 billion Enterprise Value: $8.9 billion HOLDING/BUYER: Company focused on organic growth, but could be open to a strategic buy. Has $2.14 billion in cash as of last quarter.
Liz Claiborne Inc. $4.2 billion $5.2 billion BUYER: Rumored to be in talks to acquire Ann Taylor Stores Inc. Has $134.4 million in cash.
The May Department Stores Co. Annual Sales: $13.3 billion Enterprise Value: $16.1 billion SELLING/MERGING: Reportedly in talks with Federated to divest all or some of its chain of about 500 department stores. Purchased Marshall Field’s from Target in July for $3.4 billion.
Neiman Marcus Group Inc. Annual Sales: $3.55 billion Enterprise Value: $3.7 billion BUYER/SELLER/HOLDING: Is the Smith family looking to sell its majority stake? Or could they be interested in buying Saks Inc.?
Polo Ralph Lauren Corp. Annual Sales: $2.65 billion Enterprise Value: $3.9 billion BUYER: Company is laying out a plan for its Asian business, which could include bringing it in-house. Has $362.9 million in cash on hand.
Saks Inc. Annual Sales: $6.4 billion Enterprise Value: $3.5 billion SELLING: Sales at Saks Department Store Group have wilted in recent years, while its luxury stores, Saks Firth Avenue and Off 5th, also have not kept up with competition.
Sears, Roebuck & Co. Annual Sales: $41.1 billion Enterprise Value: $11.6 billion SELLING: Scheduled to complete $11 billion merger with Kmart in March, but could another financial buyer, such as real estate investment trust Vornado, be interested? Additional speculation that new company could spin off its Lands’ End apparel brand. Target Corp. Annual Sales:$45.6 billion Enterprise Value: $53.4 billion HOLDING: Divested Marshall Field’s to May in July. It Has $1.6 billion in cash on hand.VF Corp. Annual Sales:$6.1 billion Enterprise Value: $7.1 billion BUYER/HOLDING: Could be looking for more purchases to add to recent buys of Vans and Nautica. Has $485.5 million in cash on hand.
Wal-Mart Stores Inc. Annual Sales: $284.8 billion Enterprise Value: $254.3 billion BUYER/HOLDING: With $1.1 billion in cash on hand and interest in both domestic and international expansion, the company could be looking to pick off any suitable sites for new Wal-Mart, Sam’s Club or Neighborhood Market stores.
Wet Seal Inc. Annual Sales: $439.1 million Enterprise Value: $74.2 million SELLER: The hurting teen retailer reported on Tuesday that the SEC has opened an informal inquiry on its August second-quarter earnings report, which followed news that a court in California consolidated several lawsuits against the company. Since last summer, the company has been unable to successfully turnaround operations. Speculation the company could sell off its profitable Arden B. division. Has closed 150 Wet Seal locations.
Researched and reported by Meredith Derby
SOURCE: Company reports, Yahoo Finance and Thomson Financial. Sales are for 2003. Stock prices as of Feb. 8. Enterprise value equals a company’s market capitalization plus debt and preferred stock minus cash and cash equivalents.
“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