ACTION AGAINST SEARS: A securities class action has begun on behalf of shareholders who acquired Sears, Roebuck & Co. securities between Jan. 17, 2002 and Oct. 17, 2002. The case is pending in the U.S. District Court for the Northern District of...
ACTION AGAINST SEARS: A securities class action has begun on behalf of shareholders who acquired Sears, Roebuck & Co. securities between Jan. 17, 2002 and Oct. 17, 2002. The case is pending in the U.S. District Court for the Northern District of Illinois, Eastern Division, against defendants Sears, Alan Lacy, chief executive officer; Glenn Richter, chief financial officer, Paul Liska, former chief financial officer, and Thomas E. Bergmann, chief accounting officer. The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market throughout the class period.
CREDIT REPORT: Is retail giant Pinault-Printemps-Redoute about to shed its financial services arm, Finaref? Speculation heated up over the weekend in Europe that PPR may sell the affiliate, possibly to Credit Agricole. Finaref comprises credit card operations for PPR’s Printemps, Fnac, Conforama and Redoute activities. PPR has been under pressure to reduce its business-to-business activities in favor of retail and luxury, which boast higher profit margins. In August, it sold the mail-order subsidiary of Guilbert to Staples Inc. for $808 million. PPR reports its third-quarter sales on Tuesday.
PROTESTS AT HATHAWAY: The AFL-CIO organized a rally Saturday at C.F. Hathaway’s Waterville, Maine manufacturing plant, which was shuttered on Friday. The closing of the plant, which has been making Hathaway shirts for 165 years, will result in 235 lost jobs. Protesters blamed the closing on the North American Free Trade Agreement and overseas competition. Hathaway’s owner, Windsong Allegiance Apparel Group of Westport, Ct. said Hathaway couldn’t get enough orders because overseas factories were willing to produce shirts cheaper. It plans to produce the shirts overseas. Neither the AFL-CIO nor Windsong officials were available for comment Sunday.
TWO MORE JOIN SUIT AGAINST POLO: Two onetime Polo store sales associates, Janika Goff and Troy Greene, joined a class-action lawsuit against Polo Ralph Lauren last week alleging that image, was, in part, crafted illegally, by forcing salespeople to spend thousands of dollars a year on the company’s latest outfits to project a "lifestyle image." The complaint against Polo was initially filed in federal court last month in San Francisco by Toni Young, a 31-year-old sales associate, as reported. Attorneys for Polo have until Nov. 4 to respond to the complaint. A Polo spokeswoman couldn’t be reached for comment Sunday.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@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 (📷: Dominique Maître)
@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)