OXFORD UPS THE PAYOUT: Oxford Industries has raised its quarterly dividend to 20 cents a share from 18 cents. The dividend reflecting the new rate is payable on March 4 to shareholders of record on Feb....
OXFORD UPS THE PAYOUT: Oxford Industries has raised its quarterly dividend to 20 cents a share from 18 cents. The dividend reflecting the new rate is payable on March 4 to shareholders of record on Feb. 15. In the six months ended Dec. 2, the Atlanta-based apparel maker, as reported, posted an 11.3 percent rise in earnings to $10.9 million, or $1.26 a share, as sales gained 9.2 percent to $357.5 million. Women's sportswear led the way in sales gains, the firm noted. In the fiscal year ended June 3, 1994, women's wear, including some girls' merchandise, accounted for 27 percent of Oxford's sales of $624.6 million--or approximately $169 million.
PRESS TO FRENCH CONNECTION: Janie Press has been named national sales manager for private label at French Connection, New York. It's a new post, in which Press will be responsible for further developing the company's private label division. She will report to Robert Bronstein, executive vice president of sales. Press was East Coast sales director at Switch, a Los Angeles-based junior sportswear firm.
COVERING ST. JOHN: PaineWebber has initiated coverage of St. John Knits with an "attractive" rating for investors. David Frankel, analyst at PaineWebber, said St. John, based in Irvine, Calif., is "one of the best companies in the industry" and "has some of the highest gross and net income margins." He added that the company has "substantial" growth potential. Frankel estimates St. John will earn $2.20 a share in fiscal 1995. For the year ending Oct. 30, 1994, St. John earned $1.82 a share, on sales of $128 million. PaineWebber brought St. John public in March 1993 at $17 a share. St. John closed Tuesday up 1/2 at 30 1/4 on the New York Stock Exchange.
PROMOTION AT GFT: Wayne M. Markowitz has been appointed senior vice president and chief financial officer at GFT USA Corp., the American arm of Gruppo GFT, based in Turin, Italy. Markowitz will assume some of the responsibilities that had been held by Giulio Salvi, who, as reported, on Jan. 1 moved up from executive vice president and chief operating officer to president and chief executive officer of GFT USA.
@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)
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