S&P UPGRADES: Taking a rosier view on Kohl’s Corp., Standard & Poor’s raised its outlook on the Menomonee Falls, Wis.-based retailer to positive from stable and reaffirmed its "A-minus" corporate credit rating. The firm’s $133...
S&P UPGRADES: Taking a rosier view on Kohl’s Corp., Standard & Poor’s raised its outlook on the Menomonee Falls, Wis.-based retailer to positive from stable and reaffirmed its "A-minus" corporate credit rating. The firm’s $133 million 364-dayrevolving credit facility maturing in July and its $532 million revolving credit facility due in 2007 were also assigned "A-minus" ratings. "The outlook anticipates that Kohl’s business and financial risk profiles will improve, given strong growth prospects for the company through store expansion and superior execution," said fixed-income analyst Diane Shand in a statement. S&P also raised its long-term debt rating on TJX Cos. to "A" from "A-minus," citing consistently good operating performance, strong market position and the expectation that its conservative management approach will be maintained as the firm’s growth spurt continues. The short-term rating was also brought up to "A-1" from "A-2" while the off-pricer’s credit outlook remained stable.
REDBOOK HONORS: First Lady Laura Bush delivered the keynote address at Redbook’s fifth annual "Mothers & Shakers" awards luncheon Thursday at Lincoln Center’s Avery Fisher Hall. Bush, dressed in a lavender suit, told the audience she was delighted to be among so many "friends and friendly faces" who share the common goal of bettering America. "The achievements today are diverse, but what they have in common is humanity," said the First Lady, before citing the President’s plea for Americans to volunteer more. The honorees included Tyra Banks, for working to boost pre-teens’ self-esteem; Maria Cuomo Cole, for aiding the homeless; The Dixie Chicks, for helping save endangered species and protecting the environment; Angie Harmon, for fighting video voyeurism; Marlee Matlin, for working to keep the nation’s blood supply full, and Laura San Giacomo, for raising awareness about classroom diversity. Jayne Jamison, vice president and publisher of Redbook, which is celebrating its centennial, plugged the magazine’s new, updated look: "We look pretty good for 100, don’t you think?"
MADISON SHOES: Via Spiga, the shoe and accessory retailer, is moving to 692 Madison Avenue, between 62nd and 63rd Streets, according to Stuart Ellman and Helene Wall Fagan of Judson Realty LLC, the broker representing the landlord and the tenant. Via Spiga will have three levels and 3,600 square feet, and aggregate rent in excess of $7 million, Ellman said. Via Spiga is currently at 765 Madison Avenue.
KASPER’S EUROPEAN PRESIDENT: Kasper ASL Ltd. has appointed Henrik Madsen president of its European division. Madsen will report to John D. Idol, chairman and chief executive officer of the company, and he will be responsible for women’s apparel for Anne Klein New York, AK Anne Klein, Albert Nipon, Kasper and Le Suit brands throughout Europe and the Middle East. Madsen has spent seven years building the international business for the French Connection Group in London, and prior to that, he was with the Prada Group in Milan, where he served as brand director for Miu Miu.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty