MORE SARA LEE LAYOFFS: Sara Lee Intimate Apparel Products, a division of Sara Lee Corp., will lay off approximately 40 of its 320 employees at its Woolwine lingerie factory near Stuart, Va., published reports said. The Chicago-based consumables giant...
MORE SARA LEE LAYOFFS: Sara Lee Intimate Apparel Products, a division of Sara Lee Corp., will lay off approximately 40 of its 320 employees at its Woolwine lingerie factory near Stuart, Va., published reports said. The Chicago-based consumables giant said the layoffs are a result of excess capacity and sluggish sales at retail. In 2001, the company eliminated approximately 350 positions when it closed two facilities in Gordonsville, Va., and last Tuesday, Sara Lee Intimates said it will eliminate approximately 1,200 jobs in Puerto Rico at three plants that manufacture Playtex innerwear.
HIGH LIFE: Bluefly Inc. said its living expenses ran on the high side, compounding a fourth-quarter loss amounting to $1.7 million, or 22 cents a diluted share, compared with a loss of $1.4 million, or 22 cents, in the corresponding year-ago period. The company also experienced a higher operating loss from continuing operations, $1.6 million, a 17.9 percent increase over the $1.3 million in last year’s fourth quarter. Net sales during the quarter strengthened 24.7 percent to $9.9 million over year-ago sales of $7.9 million and gross margin increased 20.8 percent to $3.1 million from $2.5 million. Selling, marketing and fulfillment expenses rose 18 percent to $3.5 million and general and administrative expenses rose 25 percent to $1.2 million. Some of the increases were attributed to the relaunch of Bluefly’s Web site and higher customer service and technical expenses incurred when the site ran into technical problems. "We are in the awkward teen phase," Ken Seiff, chief executive officer, told WWD in a telephone interview. "We are past the infant stage and are pretty close to surviving on our own, but we are not there yet." In 2002, its losses narrowed to $6.5 million, or $2.44, when compared with losses of $25 million in 2001. Sales rose 33.4 percent to $30.6 million over year-ago sales of $23 million and gross margin rose 43.4 percent to $10 million from $7 million.
@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