PARIS--European stores have been decked out in Christmas finery for weeks, but their sales have been lackluster and uneven. British retailers especially are hurting. An interest-rate increase earlier this month, unusually mild winter weather and a lack of consumer confidence are contributing to what retailers predict could be the worst Christmas season in 30 years. One of the worst-hit areas has been apparel, and in Britain as in France, pre-Christmas sale signs sprung up as early as a few weeks ago, as retailers discounted coats and knitwear to clear inventories. The latest survey by the Confederation of British Industry found that almost a quarter of stores cut their prices last month and expect prices overall to be lower this Christmas than last year. Things aren't likely to get any brighter in the New Year: Seventy-four percent of the retailers surveyed said they expected no improvement in the next three months. In France, the combination of unusually warm and sunny weather, and the fact that people just aren't spending has hurt Christmas and pre-Christmas sales. According to the Economic Observation Center, sales for department and variety stores, adjusted to take into account the season, dropped 2.9 percent and 5.2 percent, respectively, in November. While "sales" are strictly controlled by the French government, limited to biannual, seasonal periods, "promotions" are not, and stores here have taken to subtle pre-Christmas discounting. For example, this month the Episode boutique on Paris's Rue St. Honoré is offering about $185 (1,000 francs) off every coat in stock until Dec. 26. At the Galeries Lafayette Paris flagship, sales of apparel, accessories and beauty products were down 8 percent in November. However, they are running a year-to-date increase of 3 percent. Sales at the Printemps Paris flagship were down 2.4 percent in November, while year-to-date sales have been flat. But December has been a brighter month for Galeries, noted a spokesman. "It's been a little colder, and people have been putting off their purchases until the last minute," he noted. "We certainly cannot start talking about a consumer recovery." The Christmas scene in Italy is mixed, as December sales have been posting some increases compared with last year. This follows a very tough November, due in part to the public crises and numerous strikes that hit the country last month over the preparations of Italy's 1995 Budget Law. "Until the last week of November, 1994 was the worst year in the history of Standa," explained a spokesman for the chain. . But Confcommercio, Italy's trade commission, just issued a fairly positive forecast. Sales for women's and men's apparel are expected to increase 1.7 percent and 2.5 percent, when there was a 6 percent overall drop in apparel sales compared with 1992.Perfumes are up 2.5 percent. The commission observed that Italian retailers lowered prices for the Christmas sales period to stimulate demand.
@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)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@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)