CHICO’S CORNER: A long search for a store location in Manhattan has finally paid off for red-hot Chico’s, which told WWD it has plans to open a 1,660-square-foot unit on Oct. 3 at the corner of 75th Street and Third Avenue. Although the...
CHICO’S CORNER: A long search for a store location in Manhattan has finally paid off for red-hot Chico’s, which told WWD it has plans to open a 1,660-square-foot unit on Oct. 3 at the corner of 75th Street and Third Avenue. Although the store will be smaller than the chain’s average 1,780-square-foot unit, it is expected to be one of Chico’s top-10 sites, producing sales of at least $2 million annually, said Chico’s chief financial officer Charles Kleman. Chico’s average store generates volume of $1.4 million a year, or $830 per square foot, he noted. Ninety-five of the chain’s 324 stores post annual sales north of the $1 million mark, he added. Chico’s first Manhattan store will carry a small quantity of special buys, under the Chico’s label. The Fort Myers, Fla.-based chainobtained the space, formerly occupied by Rodier, through a bankruptcy proceeding.
FORMER GAP EXEC TO AUTHENTIC: Rick Lyons has joined Authentic Fitness Corp., a wholly owned subsidiary of The Warnaco Group as head of retail. Lyons is based at the company’s Los Angeles office and reports to Roger Williams, president and chief operating officer of AFC. Most recently, Lyons was president of Enson.com, a now-defunct online retailer of children’s apparel. Before that, hespent 13 years at Gap, ultimately becoming executive vice president of Gap Inc. and president of the Gap, Gap Kids and Outlet divisions. He left the firm in 1997.
STOCK FLOP: Retail issues managed to fare better than the equity markets in general Thursday as the Dow Jones Industrial Average fell 230.06 points, or 2.8 percent, to end the day at 7,942.39, its first sub-8,000 finish since July 23. Standard & Poor’s Retail Index slid 5.86 points, or 2 percent, to 293.63. Charlotte Russe, which warned profits for the fourth quarter ending Sept. 28 would range from 23 to 25 cents a diluted share, below Wall Street’s expectations of 28 cents, saw its stock drop $2.36, or 17.6 percent, to $11.04. Bucking the trend was Dress Barn, which said Wednesday that fourth-quarter profits soared 62.6 percent and on Thursday saw its shares leap $3.96, or 35.1 percent, to $15.25.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast