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.
A grooming moment between @tanfrance and @antoni last night at the The LGBT Community Center Trailblazer Awards honoring Anna Wintour, Ricky Martin and more. See more photos at WWD.com #wwdeye (📷: @lexieblacklock)
“It was a very surreal feeling. It wasn’t like we were in the studio together coming up with it — it’s more like he discovered it and loved it. I didn’t let myself get my hopes up, but then it happened it was very exciting,” said singer-songwriter @nombe on discovering that @pharrell would be using his song, “Cant Catch Me” on his HBO documentary series “Outpost.” The German-born singer — named Noah MacBeth — talked to WWD about feminism, using art as a platform for political expression and personal style. Read more on WWD.com #wwdeye (📷: @jilliansollazzo)
This season, denim is going west – in influence. Brands like @fathersdaughterla (pictured here), @tommyhilfiger Jeans, @levis and more are opting for raw, top-stitching styles. (Styled by @thealexbadia; 📷: @ryanplett)
20-year-old British singer @jorjasmith_ made her debut at Coachella last weekend. We caught up with her and talked about her love for Amy Winehouse, working with Kendrick Lamar on the “Black Panther” album and her fashion philosophy. Read the interview on WWD.com #wwdeye (📷: @katiedaisyla)
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)