Asia Watch: Expansive Armani … Not So Fast … Breaking In …
EXPANSIVE ARMANI: Armani Group and Swiss watchmaker Omega both announced plans to open retail stores in Shanghai in January 2004. Armani will open a multistore location that will include a Giorgio Armani boutique, an Emporio Armani store and an Armani...
EXPANSIVE ARMANI: Armani Group and Swiss watchmaker Omega both announced plans to open retail stores in Shanghai in January 2004. Armani will open a multistore location that will include a Giorgio Armani boutique, an Emporio Armani store and an Armani Caffe. It is only the second time that the Giorgio Armani and Emporio Armani collections will be available in the same building — the first, at Chater House in Hong Kong, opened last October.
The new shops will be located on The Bund, which is fast becoming Shanghai’s center for high-end dining and designer shopping. Claudio Silvestrin will be responsible for the design of the Giorgio Armani store and Massimilano and Doriana Fuksas will design the Emporio Armani shop and Caffe.
Omega’s Shanghai shop will be the company’s first wholly owned store in Mainland China. The store will be 1,600 to 1,800 square feet in size. A spokesman said the site’s three-year lease, with a three-year option, would be signed in July.
To date, there are only seven wholly owned Omega stores around the world. The bulk of the company’s business is wholesaling to some 6,000 retailers and resellers, including nine in China. — Constance Haisma-Kwok
NOT SO FAST: Fast Retailing Co. Ltd., owner of Uniqlo, continued to struggle in the first half, with a 51.1 percent drop in net profits, to $93.3 million, on a 20.7 percent decline in sales to $1.35 billion for the six months ended Feb. 28. Devaluation of the stocks of its affiliated companies, including the firm’s struggling U.K. unit, resulted in extraordinary losses of $54.2 million. Dollar figures are converted at current exchange rates. On a comparable-store basis, sales fell 26.8 percent against a year ago. Fast Retailing ran 574 Uniqlo stores in Japan as of the end of February.
For the fiscal year ending Aug. 31, the firm projects net profits of $138.3 million on sales of $2.5 billion — although it plans to announce extraordinary losses of $64.1 million at the end of this fiscal year, resulting from difficulties in its subsidiaries in the U.K., China and its food business division. — Koji Hirano
BREAKING IN: Salvatore Ferragamo is scheduled to open a Tokyo flagship on Chuo-dori in the Ginza district on Wednesday. "The opening of a flagship in Tokyo, and particularly on Chuo-dori in Ginza, is a strategic milestone," said Ferruccio Ferragamo, chief executive of Salvatore Ferragamo Italia SpA. He said Japan is the company’s second most important market, representing more than 26 percent of sales. The Tokyo flagship occupies the entire seven-story building and reflects Ferragamo’s ongoing international expansion. Last year, a flagship in Seoul was opened and next September, a Manhattan flagship on Fifth Avenue will open. Three floors of the Tokyo flagship will be devoted to selling, while the remaining four floors will be office space for Ferragamo Japan K.K. The basement will house the men’s collection; level one will sell women’s shoes, bags, fragrances, sunglasses and silk accessories, and level two will have gallery space and women’s ready-to-wear and accessories. — David Moin
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)