ARDEN WARNS: Elizabeth Arden Inc. on Monday warned that its first-quarter earnings will come in even further below previous guidance due to the Iraqi conflict, the SARS epidemic and depressed air travel. The New York-based fragrance and beauty...
ARDEN WARNS: Elizabeth Arden Inc. on Monday warned that its first-quarter earnings will come in even further below previous guidance due to the Iraqi conflict, the SARS epidemic and depressed air travel. The New York-based fragrance and beauty products manufacturer said it now expects to record a first-quarter loss of 92 to 94 cents a diluted share on sales of $133 million to $135 million. Arden’s prior guidance had been in line with last year’s first-half loss of $1.24, of which half was incurred in the first quarter. The Wall Street consensus estimate was for a smaller loss of 84 cents a share on sales of $140.7 million. However, since the first quarter is historically the company’s weakest, Arden still expects to achieve full-year net sales growth of 5 to 7 percent and an earnings-per-share increase of 20 to 25 percent, a company spokeswoman said. Arden acknowledged that its estimates could change if the SARS epidemic and soft economy continued throughout the year. The company is scheduled to report first-quarter earnings on May 28.
GMM FOR AT STORES: Ann Taylor Inc. has appointed Michele Delahunty senior vice president, general merchandise manager, for its Ann Taylor stores division. Delahunty replaces Sandra Masters-Aronson, who resigned. Delahunty will report to Jerome Jessup, senior executive vice president for merchandising and design at Ann Taylor stores. Most recently, Delahunty served as vice president for GapBody at Gap Inc., where she was responsible for merchandising, production, sourcing and stores. Previously, she was divisional merchandise manager of women’s woven’s at Banana Republic.
@zacposen's go-to holiday gift? Cookies! "I'll usually bake cookies and send them as a gift," said the designer, who recently released his cookbook "Cooking With Zac: Recipes from Rustic to Refined." Get the recipe for his Brown Butter-Chocolate Chip Cookies via link in bio 🍪🍪🍪 #wwdeye #cookingwithzac
For @monsemaison’s pre-fall 2018 collection, Fernando Garcia and Laura Kim honed in on the brand’s many signatures — men’s wear, which was tweaked and feminized through deconstruction, proportion play and lots of bare shoulders. See the rest of the photos on WWD.com #wwdfashion (📷: George Chinese)
On Friday night, @yohjiyamamotoofficial received the Design for Asia Lifetime Achievement Award in Hong Kong. The 75-year-old designer has been celebrated for many years and is best known for his dark and avant-garde tailoring. “In my long career, in design, architecture, [I’ve been to] so many parties, this is the very first time that I have such a warm feeling, I really appreciate this,” Yamamoto said. #wwdfashion (📷: @dominiquemaitre)
Discovery is collaborating with British pop artist @philipcolbert on a new line of clothing and accessories called Discovery Shark. The collection, which will launch next summer for Shark Week’s 30th anniversary, features a whimsical line of women’s and men’s bomber jackets, sweatshirts, bags and more. #wwdfashion
“I’m always a big champion of a female rapper, and I’m glad to see a new voice that feels unique and authentic that’s coming up, and I think we’re going to see more great things from her,” said @itsjeremyscott about @iamcardib, who performed at @moschino’s Art Basel Miami Beach party last night. #wwdeye (📷: @lexieblacklock)
@janellemonae’s “What’s Your Frequency?” room in @refinery29's #29Rooms made its debut this week at the opening of the Los Angeles art exhibit. “It’s about the ongoing conversation around mass surveillance, the weaponization of technology and cultural uniformity. My space was created so that we can come together and talk about the complexities of our humanity,” said Monáe. #wwdeye (📷: @bucknerphoto)
@pantone announced their Color of the Year 2018: Ultra Violet. Nearly 20 months after the musician Prince’s death, fashion is having a purple moment. Varying shades of purple appeared on spring or fall runways, from @christopherkane to @calvinklein. @gucci’s Alessandro Michele bathed his fall runway in ultra violet-colored light at one point. Pantone 18-3838 is meant to “push the boundaries of what inspires us to look upward and outward to the future.” #wwdnews #wwdfashion (📷: @kukukuba)