LEVI'S, AISLE THREE: Tesco PLC, the U.K.'s largest food retailer, has begun selling Levi's 501 jeans -- and Levi Strauss & Co. isn't happy about it. Tesco launched the jeans at its stores on Monday,...
LEVI'S, AISLE THREE: Tesco PLC, the U.K.'s largest food retailer, has begun selling Levi's 501 jeans--and Levi Strauss & Co. isn't happy about it. Tesco launched the jeans at its stores on Monday, March 24, and took out full-page ads in British newspapers the following Thursday proclaiming it was selling "Levi 501's at rock bottom prices." Tesco is retailing the jeans for $48.60 (30 pounds) a pair, compared with the average retail price in Britain of $81 (50 pounds). Levi's has refused to supply Tesco with its jeans. The food retailer obtained 45,000 pairs of 501s from an authorized Levi's dealer in Mexico. Tesco implied Levi's was trying to restrict the market to "force customers to pay a higher price," a charge the jeanswear company denied. A Levi's spokeswoman said the company insists on authorized dealers to insure they carried a full range of styles and sizes and offered quality service. She would not say whether the company will take any action against Tesco, but pointed out that Levi's is investigating the implications of the food retailer stocking its brand.
Blacker Eases Up: Stanley Blacker has introduced a jeans style targeted to the comfort-conscious baby boomer. Called E-Z Waist, the pants come in denim, cotton twill and corduroy. Both the pants and shorts are styled to resemble five-pocket jeans, but with a discreet elastic waist. The new look, which wholesales at around $19, will launch for May deliveries at the Stanley Blacker's women's jeans showroom at 1410 Broadway.
PAY RAISES AT VF: A promotion along with peak sales and earnings added up to a 188 percent rise in compensation last year for Mackey J. McDonald, president and chief executive officer of VF Corp. McDonald received $2.58 million in 1966, according to the apparel giant's recently released proxy statement. This compares with $895,000 in 1995. His base salary grew to $700,000 from $545,000, while his annual bonus shot up to $1.5 million from $350,000. He also received $341,250 worth of restricted stock awards. McDonald, who had been president since 1993, assumed the post of ceo at the start of 1996. His base salary increased due to the promotion, while his bonus rose because VF achieved record sales and earnings in 1996, according to the proxy statement. As reported, net income increased 90 percent to $299.5 million, or $4.64 a share, from $157.3 million, or $2.41, in 1995. Excluding nonrecurring restructuring charges taken in 1995, earnings advanced 15 percent. Sales inched up 1.5 percent to $5.1 billion. "Mr. McDonald is making key contributions to the corporation's continued success in an increasingly competitive environment," the proxy said. Lawrence R. Pugh, the former ceo who remains chairman, made $825,800, down from $1.2 million in 1995. The proxy statement said since Pugh now acts in an advisory position to senior management, he received no incentive bonus and stock options last year. In 1995, he received a $400,000 bonus. However, Pugh realized $3.2 million last year by exercising stock options on 140,000 shares. Pugh also received other compensation of $102,675 in 1996, including $48,482 for his personal aircraft costs and $36,500 for social club membership dues. VF's other top executives also took home fatter paychecks primarily due to higher bonuses. John P. Schamberger, vice president and chairman of VF'S jeanswear coalition, earned $1.1 million against $615,333; Daniel G. MacFallan, vice president and chairman of the knitwear, playwear and intimate apparel coalitions, $1 million versus $516,250, and Gerald J. Johnson, vice president of finance and chief financial officer, $875,000 versus $466,000. Except for Pugh, each also received stock options exercisable at $69 a share. McDonald received options for 75,000 shares; Schamberger, 22,000; MacFallan, 17,000, and Johnson, 17,000. VF stock closed Wednesday on the New York Stock Exchange at 65 5/8, off 1.
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
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye