WARNACO NAMES MCCORRY: James McCorry has been named chief financial officer of the Warner's division of The Warnaco Group, effective Sept. 1. McCorry will report to Maurice Reznik, president of Warner's, and Linda J. Wachner, Warnaco's chairman, president and chief executive officer. He takes over responsibilities that were held by Floyd C. O'Quinn, who, as reported, has joined Kellwood Co. as vice president of operations for the firm's activewear and lingerie division. McCorry has been chief financial officer of Aris Isotoner, owned by Sara Lee Corp. He joined Aris 23 years ago as controller.
ALBA PROFITS UP: Alba-Waldensian, Valdese, N.C., reported profits for the second quarter ended July 3 climbed sharply to $549,276, or 30 cents a share, from $98,769, or 5 cents, a year ago. Sales rose 24.2 percent to $14.7 million from $11.9 million. In the half, earnings more than doubled to $890,486, or 48 cents, from $400,290, or 22 cents. Sales rose 17.9 percent to $28.1 million from $23.9 million. Thomas F. Schuster, president and ceo, said gross margins increased in the latest quarter to 25.6 percent from 25 percent. He added the third quarter is encouraging, starting with open orders up about 18 percent ahead of a year ago. Alba-Waldensian manufactures women's hosiery and innerwear under various brand names. Other products include men's socks and sweaters and medical specialties.
NANTUCKET LOSS GROWS: Nantucket Industries Inc. reported losses widened in the first quarter ended May 28, to $448,580 from $63,252. Sales slumped 19 percent to $8.5 million from $10.3 million. The company attributed the decline to elimination of the women's underwear division and the women's sock division in the last fiscal year, adding that this was somewhat offset by sales gains in the men's and Guess underwear divisions. Gross profit declined to 19 percent of sales from 23 percent, mainly due to additional writedowns of women's division products. This was partially offset by higher margins of Guess lines. The Guess lines include men's and women's products. Stephen M. Samberg, chairman, president and ceo, said the loss was expected. "We are optimistic that Nantucket's financial performance will improve as the year progresses," he said.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)