AVON ON PLAN: Avon Products Inc. rubber-stamped its previous second-quarter projections and said currency exchange rates, if they stay at or near current levels, could propel the firm past its earnings target for the year of $2.55 a share. For the...
AVON ON PLAN: Avon Products Inc. rubber-stamped its previous second-quarter projections and said currency exchange rates, if they stay at or near current levels, could propel the firm past its earnings target for the year of $2.55 a share. For the second quarter, the direct beauty merchant is looking for mid-single-digit earnings per share growth from year-ago profits of 64 cents, when currency-hedging strategies produced unusually high gains that will not be repeated. Sales for the three months should be in line with the first quarter, when the top line advanced 7 percent in dollars and 12 percent in local currencies.
A DEAL ON DOLCE & GABBANA: The Italian house plans to open two outlet stores on the West Coast by the end of the summer. “We want to keep our image clean and control where our goods end up,” said a spokeswoman for the company. “But we don’t have plans for more outlets, just more Dolce & Gabbana and D&G stores.” One outlet will open in July at the Desert Hills Premium Outlets in Cabazon, Calif., about 20 minutes west of Palm Springs. The 3,000-square-foot location, which joins designer neighbors Versace, Gucci, Giorgio Armani and the new Yves Saint Laurent Rive Gauche store, will sell the Dolce & Gabbana and D&G lines for men and women, retailing for at least 20 to 30 percent off. The second outlet, an 1,800-square-foot unit, bows at the Las Vegas Premium Outlets in August, when the new development opens with more than 100 stores, including Coach, St. John, Theory, Kenneth Cole and Polo Ralph Lauren. Both outlet centers are ventures by Chelsea Property Group based in Roseland, N.J. Simon Property Group Inc. is a partner in the Las Vegas project.
P.R. FOR GIRLSHOP: Extending its cyber-franchise to terra firma, Girlshop Inc., parent of indie boutique girlshop.com, has opened a public relations showroom in New York and is eyeing a TV programming deal. “We’ve spoken to WE, Style, Oxygen,” said a company spokeswoman. “We hope to be on air in early 2004.” Girlshop’s TV take would merge the offer of apparel, shoes and skin care from 32 indie designers with the expertise of fashion editors, stylists and celebrities. Viewers would be able to buy items either by phoning a toll-free number or visiting the e-boutique. The p.r. showroom, open daily, is a play for exposure via editors, stylists and producers. “We’re getting interest from producers of reality TV shows, including ‘The Bachelor’ and ‘High School Reunion,’” the spokeswoman noted. A simultaneous launch and fall market “Too Cool for School” party will be held on June 12.
@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
@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)