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.
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge
Jewelry label @alisonlou has made a name for itself with fine jewelry that speaks to the Millennial market. Now @twallz21 reports that the label is bringing those playful ideas to a new affordable line of lucite hoops with the launch of Loucite by Alison Lou. Here’s a look from the line modeled by @emrata. #wwdaccessories
@sarahjessicaparker and @gilt are teaming up on a bridal ready-to-wear line. Tomorrow, Parker will launch SJP by Sarah Jessica Parker Bridal — and as part of the launch, Gilt will offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear collection that were designed to complement the new line. Made out of 10 styles, the line is designed for a variety of occasions, from bridal showers to receptions. Get more details on WWD.com #wwdfashion
A grooming moment between @tanfrance and @antoni last night at the The LGBT Community Center Trailblazer Awards honoring Anna Wintour, Ricky Martin and more. See more photos at WWD.com #wwdeye (📷: @lexieblacklock)
“It was a very surreal feeling. It wasn’t like we were in the studio together coming up with it — it’s more like he discovered it and loved it. I didn’t let myself get my hopes up, but then it happened it was very exciting,” said singer-songwriter @nombe on discovering that @pharrell would be using his song, “Cant Catch Me” on his HBO documentary series “Outpost.” The German-born singer — named Noah MacBeth — talked to WWD about feminism, using art as a platform for political expression and personal style. Read more on WWD.com #wwdeye (📷: @jilliansollazzo)
This season, denim is going west – in influence. Brands like @fathersdaughterla (pictured here), @tommyhilfiger Jeans, @levis and more are opting for raw, top-stitching styles. (Styled by @thealexbadia; 📷: @ryanplett)