A FEW TOO MANY: Too Inc. said Wednesday that a preliminary injunction has been issued by a federal district court in Ohio against The TJX Cos., barring the off-pricer from selling 31 styles of alleged Limited Too brand apparel. The lawsuit was filed...
A FEW TOO MANY: Too Inc. said Wednesday that a preliminary injunction has been issued by a federal district court in Ohio against The TJX Cos., barring the off-pricer from selling 31 styles of alleged Limited Too brand apparel. The lawsuit was filed earlier this year by Too charging that certain styles of apparel sold by T.J. Maxx and Marshalls were either unauthorized or counterfeit. Too said that it would suffer "irreparable harm" from TJX Cos.’ continued sales of unauthorized Limited Too apparel.
SAKS’ STOCK SURGE: Investors rewarded Saks Inc. for its stronger-than-expected results, reported Tuesday after the market closed, with a market-beating rally Wednesday. Shares of the firm swelled $1.41, or 15.8 percent, to close at $10.31 on the New York Stock Exchange. By contrast, the Standard & Poor’s Retail Index inched up 4.27 points, or 1.4 percent, to end the day at 302.49. Over the last 52 weeks, Saks’ stock has traded as low as $4.60 and as high as $15.75. As reported, Saks narrowed its second-quarter losses to $20.4 million, or 14 cents a share, while Wall Street was looking for steeper losses of 18 cents. The department store operator also stood by its guidance for the back half and sees same-store sales in the low- to mid-single-digit range with expanding gross margins.
MORE ITALIAN ZARAS: Inditex, parent of the hot Spanish chain Zara, and its Italian real estate partner Percassi are preparing to roll out three more Zara stores in the rich northern Italian towns of Monza, Turin and Bologna — further intruding onto Benetton’s home turf. Zara opened its first Italian store in April in Milan. The Monza and Turin stores will open this winter, but "we don’t know yet if it will be before Christmas or after Christmas," said a spokeswoman, adding that Bologna will open "definitely next year." She was not able to provide further information on store locations or investments, nor quantify sales at the bustling Milan store on Corso Vittorio Emanuele.
“I think what’s so interesting about the #MeToo movement and this whole new wave of feminism in general, is that women are finally seeing, ’Oh I can start my own company, oh I can lear to code, oh I can leave my nine-to-five job and do the thing I want to do,” said @brooklyndecker ahead of her @sxsw talk for @createcultivate. The former model took the stage to share wisdom about networking and female-driven entrepreneurship. #wwdeye #sxsw (📷: @jgreenery)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech at the @sxsw conference for @createcultivate, the online platform and conference series for women. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.