SHARE AND SHARE ALIKE: Loehmann’s Holdings Inc. will begin trading on the Nasdaq on July 29. The Bronx-N.Y. based retailer, which had been trading on the over-the-counter bulletin board, will continue to trade under the ticker symbol LHMS. In a...
SHARE AND SHARE ALIKE: Loehmann’s Holdings Inc. will begin trading on the Nasdaq on July 29. The Bronx-N.Y. based retailer, which had been trading on the over-the-counter bulletin board, will continue to trade under the ticker symbol LHMS. In a separate development, Loehmann’s also announced that it has completed the sale of its building in the Bronx and received $5 million in cash from the transaction. The company’s corporate headquarters will continue to be located in the Bronx facility.
OF NOTE: J.C. Penney Corp. extended, until Aug. 7, the expiration date of its offer to exchange various outstanding notes for new notes maturing in 2012 and bearing an interest rate of 9 percent. The offer was originally set to expire July 24.As of that date, an aggregate of $227 million of the outstanding notes were accepted and became irrevocable.
EMPORIO REDO: Giorgio Armani has remodeled its six-year-old Emporio Armani storeat 601 Madison Avenue and is reopening it today. The store has 9,000 square feet, including 6,000 square feet and two floors of selling space. Giorgio Armani designed the remodeled store with Manhattan-based architectural firm Janson Goldstein, similar to the smaller Emporio location in SoHo that opened in April 2001. There’s a dramatic entrance with an open atrium, a suspended staircase, and illuminated opaline plexiglas columns and wall panels in contrast to chocolate brown wenge walls. There is also a strip of Pietra Serena stone above the doors on the facade.
TRADE TALKS CONTINUE: House and Senate lawmakers late Thursday were still locked in their second full day of talks over a trade bill that includes apparel duty breaks for Andean countries and enhanced breaks for the Caribbean Basin and sub-Saharan Africa. The main point of contention is what workers should qualify for federal assistance if they lose their jobs as a result of new trade concessions. Democrats have made a broadening of the Trade Adjustment Assistance program — which now applies to workers who lose their jobs as a result of NAFTA — a must-have item. On the other side of the aisle, Republicans want to pass the trade bill because it would give President Bush the Trade Promotion Authority he desires. Lawmakers are scrambling to resolve the House and Senate versions of the bill before they leave for their summer vacations next week.""
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)