OFF THE ROAD AGAIN: Wilsons The Leather Experts Inc. on Tuesday said it will liquidate its travel subsidiaries, sales of which declined 8.9 percent in the third quarter. Overall, the firm’s third-quarter loss widened to $17 million, or 84 cents a...
OFF THE ROAD AGAIN: Wilsons The Leather Experts Inc. on Tuesday said it will liquidate its travel subsidiaries, sales of which declined 8.9 percent in the third quarter. Overall, the firm’s third-quarter loss widened to $17 million, or 84 cents a diluted share, on a 5.9 percent drop in sales to $132.6 million from a year ago. Same-store sales for the quarter dropped 7.2 percent, due mostly to reduced revenue from decreased mall traffic.
HILFIGER INKS KOREAN DEAL: Tommy Hilfiger USA Corp. has signed a long-term retail licensing agreement with SK Global Co. for distribution of Tommy Hilfiger products in South Korea. Starting with fall 2003, Hilfiger’s men’s sportswear line will be sold in department store concessions and freestanding stores, followed by women’s wear, jeans and children’s wear. "Korean consumers have demonstrated their desire for quality sportswear such as Tommy Hilfiger," said Man Gyun Kim, executive director of SK Global’s fashion division. Lynn Shanahan, president of licensing at Hilfiger added: "This new marketing and distribution agreement is part of our commitment to further develop the global market strategy for the Tommy Hilfiger brand."
TOP MARKS: Philip Green, the new owner of Arcadia — Topshop’s parent — has vowed to destroy $900 worth of garments destined for the store, following a report in London’s Evening Standard on Tuesday that they were made in a local sweatshop. The factory’s employees were paid about 68 cents less per hour than the U.K.’s minimum wage of $5.92, the paper said. (Figures are converted from British pounds at current exchange rates.) East London’s Whitechapel district is a reputed home to dozens of sweatshops. "The supplier we hired sub-contracted the order to this factory. Therefore, we will cease to do business with them," Green said.
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
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"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.