In Brief: Bebe Battered … Rwanda Gets a Break … Watts Next … Fusco Returns …
BEBE BATTERED: Bebe Stores Inc. on Tuesday said that preliminary February same-store sales were down 15.2 percent and as a result, the specialty retailer now expects comparable-store sales for the first quarter to decrease in the low- to midteens. In...
BEBE BATTERED: Bebe Stores Inc. on Tuesday said that preliminary February same-store sales were down 15.2 percent and as a result, the specialty retailer now expects comparable-store sales for the first quarter to decrease in the low- to midteens. In a statement, John Kyees, chief financial officer of the Brisbane, Calif.-based teen and contemporary specialty retailer, attributed the weak performance to insufficient inventory in the casual portion of the sportswear category. Moreover, Kyees said Bebe’s traditional customer has "rediscovered Bebe at a slower rate than expected." With the February results, Bebe’s comps have fallen for 16 consecutive months.
RWANDA GETS A BREAK: Rwanda has joined 18 other sub-Saharan African nations eligible for apparel and textile quota and duty breaks. The Office of the U.S. Trade Representative formally extended the duty- and quota-free trade breaks to Rwanda under a trade measure enacted in 2000 covering sub-Saharan Africa and the Caribbean Basin. In addition, Rwanda was designated a Lesser Developed Country, which allows it to use fabric from anywhere in the world until Sept. 30, 2004.
WATTS NEXT: J.C. Watts Jr., the retired Oklahoma Congressman who served as chairman of the House Republican Conference, has been elected to another position of leadership, this time a seat on the board of Dillard’s Inc. Since relinquishing his Congressional seat in January, Watts has kept busy running his own consulting company and promoting his book, "What Color is a Conservative? My Life and My Politics." Dillard’s chief executive William Dillard 2nd said in a statement: "He is a dynamic leader who has a keen understanding of America’s communities and its people —including the people who shop at Dillard’s. J.C. knows our customers, and he knows what it takes to enhance and strengthen a national brand."
FUSCO RETURNS: After almost a three-year absence from New York, Neapolitan designer Antonio Fusco has reopened a showroom on West 57 Street. Fusco, who had licensed his men’s and women’s lines to the almost-defunct GFT Net, took back control of his collections in 2000 and has since refocused and consolidated his business. Fusco said he hopes to enter about 60 U.S. doors over the next year, in department and specialty stores, and said he expects sales in the U.S. to reach $12 million during the next three to four years. The showroom is the latest step in rebuilding his label. His women’s line is produced in-house. Next up is a fragrance launch, with a women’s scent expected to hit retail this fall and men’s set for 2004.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty