WOOSTER STREET’S OKTOBERFEST: In an effort to drum up business in SoHo, Wooster Street retailers, including Barneys Co-op, Barbara Bui, Adidas, Eres and Costume National, are hosting a first-ever Oktoberfest block party Saturday. Along with live music and refreshments, participating retailers will be offering sales on selected items, product promotions and sweepstakes.
This story first appeared in the October 25, 2002 issue of WWD. Subscribe Today.
LOSS EXPECTED: Whitehall Jewellers Inc. said Wednesday it now expects a third-quarter loss of between 31 and 35 cents a share versus a previous consensus estimate of a 20-cent loss. In last year’s third quarter, the company recorded a loss of 24 cents. The earnings downgrade is predicated on slower mall traffic, which will likely lead to a 9 percent same-store sale decline in the third quarter ending Oct 31. Slumping sales are pressuring Whitehall’s gross margins, the company said.