SEC’S OPEN DOOR: May Department Stores Co. and Jones Apparel Group Friday joined the ranks of companies whose chief executives and chief financial officers filed sworn statements with the Securities and Exchange Commission affirming the accuracy...
SEC’S OPEN DOOR: May Department Stores Co. and Jones Apparel Group Friday joined the ranks of companies whose chief executives and chief financial officers filed sworn statements with the Securities and Exchange Commission affirming the accuracy of their quarterly financial statements. May filed ahead of its Sept. 17 deadline while Jones received a six-day extension to file beyond its original Aug. 14 due date. May joined Wal-Mart Stores among retailers who have opted to expense stock options beginning in fiscal 2003. May expects the expense from stock options to be about 2 cents per share in 2003, growing to about 8 cents per share in 2006. Asked what consequences late and nonfilers would face, an SEC spokesman responded, "We will consider all options and fashion a remedy based on the facts and circumstances of each case."
MORE MONEY FOR COTTON: The Cotton Council International, a division of the National Cotton Council of America, has received an additional $763,645 for fiscal year 2002 from the U.S. Department of Agriculture to promote U.S. cotton exports overseas. The funding, tied to the recently signed farm bill, will be added to the Cotton Council’s original budget of $6.74 million, which was also received from the USDA for fiscal year 2002. Cotton Council International is funded by tariffs on imported cotton and cotton fees that growers pay.
@deciem is all about transparency and approachability. At this year’s WWD Digital Beauty Forum, the brand's co-CEO @nicolakilner said talking to customers directly about the ingredients in products and how they work is key. #wwdsummits #wwdbeauty
‘We didn't know how relevant our film would be when we were making it. When Steven [Rogers] wrote the script Trump wasn't president, class divide in America wasn't as evident as it is now, though it was present. The Time’s Up movement hadn't began and the way we look at women and treat women who speak out — thankfully that is something that seems to have shifted in the last year. I think we just need to continue making art that provokes the conversation and do what we can,’ said ‘I, Tonya’ actress @margotrobbie. Head to WWD.com to see all the celebrities who walked the red carpet @bafta #timesup #wwdeye (📸: Neil Hall)
Gemma Arterton is joined on the @bafta’s red carpet by Eileen Pullen and Gwen Davis, the two women who started the fight for the pay-gap. ‘They represent a normal person speaking out for what is right. Speak out, we will listen and anyone can speak out,’ said Arterton. #eebaftas #timesup #wwdeye (📸: David Fisher)
On the list of emerging designers to watch at London Fashion Week is @nabilnayal. The Syrian-Born and raised designer – who is known for his sculptural and dramatic designs with an Elizabethan era aesthetic – said he designs for a woman who is not afraid to challenge conventions. To see which other up-and-coming talents are joining the schedule this season, head to WWD.com. #wwdfashion #lfw (📷: @gomezdevillaboa)