ABOUT FACE: The equity market Wednesday reversed some of the declines it endured earlier in the week. After losing 3.1 percent over two preceding days of trading, the Standard & Poor’s 500 was up 20.37 points, or 2.5 percent, to end the day at...
ABOUT FACE: The equity market Wednesday reversed some of the declines it endured earlier in the week. After losing 3.1 percent over two preceding days of trading, the Standard & Poor’s 500 was up 20.37 points, or 2.5 percent, to end the day at 839.66. The Dow Jones Industrial Average bounced back 158.69 points, or 2.1 percent, to 7,841.82, and the S&P Retail Index advanced 3.48 points, or 1.3 percent, to 281.08. Riding highest among retail issues was Urban Outfitters, which saw its shares shoot up 16 percent, to $25.49, on an upgrade from Lehman Bros.’ analyst Kimberly Greenberger, who revised her rating on the hip specialty store to "overweight" from "equalweight." Other retail gainers included: Hot Topic, up 5.5 percent to $19.75; Pacific Sunwear, 4.8 percent to $23.17; Ann Taylor, 4.5 percent to $25.20; The May Department Stores Co., 4.4 percent to $25.33; Saks, 4.2 percent to $11.41; Chico’s FAS, 3.9 percent to $17.79, and Federated Department Stores, 3.5 percent to $33.42.
THINKING SMALL: Federated Department Stores has signed an agreement to build a new, smaller Macy’s West door in Antioch, Calif., east of San Francisco. At 110,000-square-feet, the two-level store is the third in a series of Macy’s West stores developed specifically to meet the needs of smaller markets. Two such stores have already opened in Redding and Capitola, Calif. The store will break ground in the summer of 2003 and will open by fall of 2004. Macy’s West chairman and ceo Robert L. Mettler said Wednesday that although the store is smaller by nearly half the square footage, "it will live up to the Macy’s reputation," offering fashion and home merchandise. There are currently 139 Macy’s West stores. In 2001, the chain notched $4.2 billion in sales.
HOME STYLE: Maurice Villency is introducing kimonos, robes and shawls, as well as bath salts, soaps and fragrances to its home furnishings mix, in conjunction with the Tuesday launch of the retailer’s flagship on Third Avenue between 56th and 57th Streets. It’s another sign that the contemporary home furnishings firm is getting increasingly fashion-conscious, since the Villency flagship hosted the Imitation of Christ show last week.
Yesterday, the Parisian fashion house @azzaro_official cut the ribbon on a temeporary retrospective at the wing of the Musée des Arts Décoratifs in Paris. The exhibition, which shows the lasting influence of the brand’s founder Loris Azzaro, is titled “Azzaro, Fifty Sparkling Years” and presents 50 looks. In it’s ’70s heyday, fans of the brand included Jane Birkin, pictured here, Raquel Welch, Brigitte Bardot and more. See more photos on WWD.com #wwdfashion
@trinaturk and @macys Inc International Concepts line are linking up on a collection for summer — filled with accessories, swimwear and shoes. The collection will also include a Mr Turk men’s line, both of which are the designer’s first entry into a more accessibly priced area. “It’s very world-traveler, gypset-inspired,” said Turk. The Trina Turk x INC line will launch on May 15th. #wwdfashion
Assouline is paying homage to the late Azzedine Alaïa with a reprint of "Alaïa Livre de Collection.” The book is comprised of photographs of the designer's summer 1992 runway show with models Christy Turlington Burns, Naomi Campbell and Tyra Banks, pictured here at right. #wwdfashion #alaia #tyrabanks
Fall 2018 accessories take on a painterly hue, with Nebulas Blue among Pantone’s top 10 colors of the season. (📸: @jonghyupstudio ; editor: @twallz21 ; stylist and set designer: @haideefindlaylevin ) #wwdaccessories
@americanapparelusa is relaunching the brand outside of the U.S. today, opening its online store to more than 200 countries. The company is also contemplating a return to brick-and-mortar, though details have not been confirmed. In tandem with the expanded distribution is a recasting of a social media ad campagn, called “Back to Basics,” pictured here, with a focus on diversity and a cast of models above the age of 21. Read more on WWD.com #wwdnews #wwdfashion
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