FEDERATED’S FALL: Citing weak sales, Standard & Poor’s revised downward —to "negative" from "stable" — its outlook on Federated Department Stores Inc.’s debt. Still, the retailer’s corporate credit rating was...
FEDERATED’S FALL: Citing weak sales, Standard & Poor’s revised downward —to "negative" from "stable" — its outlook on Federated Department Stores Inc.’s debt. Still, the retailer’s corporate credit rating was reaffirmed at BBB-plus. S&P’s lowest investment grade, above "junk" status, is BBB-minus. S&P analyst Gerald Hirschberg, in a statement, said the change "was based on a continuation of disappointing sales," as well as "expectations that these negative trends may not reverse soon." Federated has indicated that its comparable-store sales for the first two weeks of August were "very disappointing." The firm has also reduced comp expectations for the fall to a 1 to 3 percent increase — down from the 3 to 3.5 percent uptick previously anticipated.RUSSELL MOVES IN: The Russell Corp. has acquired Moving Comfort, a $10 million Chantilly, Va.-based activewear maker that caters to female runners, for undisclosed terms. Founders Ellen Wessell and Elizabeth Goeke will remain with the company as president and executive vice president, respectively. Moving Comfort will continue to be based at its Chantilly headquarters at least through 2003, a Russell spokeswoman said. The Atlanta-based Russell plans to keep scouting brands that suit its portfolio, which includes Russell, Jerzees, Mossy Oak, Cross Creek and Discus.MACY’S AGREES TO BE ACCESSIBLE: Macy’s West agreed Thursday to a court order to make all merchandise in its Union Square store accessible to wheelchair- and scooter-bound shoppers by clearing at least 32 inches in at least one nearby path. The agreement settles one of the last remaining claims against the San Francisco-based retailer from two lawsuits the Oakland, Calif.-based Disability Rights Advocates filed five years ago. At that time, a San Francisco judge found that the Union Square flagship and a Macy’s store in Sacramento violated state and federal laws prohibiting discrimination against disabled individuals.
"In order for Shudu to wear garments, she needs to be able to put them on, just like you would in the real world. You have to digitize the outfits," said Cameron-James Wilson on dressing 3-D model @shudu.gram for her WWD photoshoot with @itsclo3d. #wwdfashion (📸: @cjw.photo)
“Shudu is a digital supermodel, a very glamour and amazing woman. But she’s 3-D,” says Cameron-James Wilson, a fashion photographer and the creature of @shudu.gram. Here, Shudu wears @cushnieetochs for her debut fashion editorial. #wwdfashion (📷: @cjw.photo)
“It is the fierce female performances that came before me that made be able to clearly identify for myself what it was that I wanted to do, what kind of artist I wanted to be, what kind of films I wanted to make,” said @brielarson at the Women in Film Crystal + Lucy Awards. See more pictures from the event on WWD.com. #wwdeye (📷: Matt Baron)
“On a personal level, it’s my vision to create a really different idea with their look to be at the epitome of women’s fashion in South Korea – to create a new milestone,” said stylist @chochowon on dressing K-pop’s most fashionable girl group, @blackpinkofficial. WWD’s @mistywhitesidell sat down with Won ahead of the group’s new album release, “Square Up,” which is out today. Read the full interview on WWD.com. #wwdfashion #blackpink_squareup #blackpink
For @ralphlauren, 2018 is a reason to celebrate: It marks the brand’s 50th year in business. Last year’s chauffeured show in Bedford, NY featuring his vintage car collection may have seemed like the big celebration to show-goers, but they were wrong. The official celebration will be held on September 7 during #NYFW. Get all the details on WWD.com. #wwdfashion (📷: @giovanni_giannoni_photo)