NEW YORK--Ann Taylor Stores Corp. reported second-quarter earnings before special items more than doubled to $7.9 million from $3.6 million a year earlier. After a $868,000 charge for debt refinancing, net income totaled $7.1 million, or 30 cents a share. A year ago, after charges of $10.5 million for relocating a distribution center and amortization of goodwill, the company had a net loss of $6.9 million. In the quarter ended July 30, sales jumped 28.1 percent to $160 million from $124 million, with same-store sales up 12.3 percent. Sally Frame Kasaks, chairman, said the company continues to strengthen its market position with product extensions. Ann Taylor petites, introduced in fall 1993, will be in about 100 stores this fall. The Ann Taylor Studio shoe collection will be extended to 150 locations, and the company will begin testing freestanding shoe and accessories stores. The fragrance, "Destination," will be launched this month in the fall catalog, and will be in stores by November. As reported, in the second quarter, the firm completed a public offering of one million shares at $32 a share. Proceeds of about $30 million were used to reduce debt. In July, Ann Taylor completed refinancing its outstanding long-term bank debt by entering into a new $75 million revolving credit facility. In the quarter, the company opened one new Ann Taylor store, two new Ann Taylor factory stores, expanded 10 stores and one factory store, and closed two Ann Taylor units. Its total is now 222 Ann Taylor Stores and 13 factory stores. --Fairchild News Service
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“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