In Brief: Burberry Barrels Ahead … Fila Fine … Online Purchasing Picks Up …
BURBERRY BARRELS AHEAD: Bucking the downward trend in luxury goods sales, Burberry posted a 33 percent increase in total revenues — 18 percent on a comparable basis — for the third quarter ended December 2002. The company said in a...
BURBERRY BARRELS AHEAD: Bucking the downward trend in luxury goods sales, Burberry posted a 33 percent increase in total revenues — 18 percent on a comparable basis — for the third quarter ended December 2002. The company said in a statement Monday that retail sales, which represented 63 percent of total revenue in the quarter, increased by 64 percent, and by 32 percent on a comparable basis. The company added that growth came primarily from the U.K. and the U.S., where Burberry opened flagships during the period. Wholesale volume was flat on a comparable basis, partially reflecting the acceleration of deliveries into the first half compared with the prior year. The company said it anticipates high-single-digit wholesale sales growth for the spring season. Licensing revenue in the quarter increased by 9 percent, and 7 percent on an underlying basis.
FILA FINE: Fila Holding SpA said Monday it is back in compliance with New York Stock Exchange listing standards. NYSE criteria require the average closing price of a listed security to be at least $1 over a 30-day trading period and a listed company to have a global market capitalization and total shareholders’ equity in excess of $50 million. Last year, the Biella, Italy-based active and footwear maker was notified by the NYSE that it was not in compliance, andthat continued noncompliance could lead to delisting. The NYSE will continue to monitor Fila for continued compliance with listing criteria until at least April. The money-losing Fila has been on the selling block; it is owned by Italy’s Holding di Partecipazioni Industriali.
ONLINE PURCHASING PICKS UP: Clothing was purchased online by 35 percent of cybershoppers during holiday 2002, giving the category the largest increase in share of holiday purchasers on the Web, or an advance of 6 percentage points versus a year ago, consultant Retail Forward said Thursday. The 35 percent share of shoppers who bought apparel online made it the season’s second most popular e-commerce sector, after books, which captured a 37 percent slice and added four basis points from holiday 2001. DVDs and videos also saw their combined share of online purchasers climb by 6 points, to 23 percent, making them the sixth most frequent holiday e-purchase. Eighty-eight percent of Internet users shopped online during holiday 2002, with 75 percent of them buying something. A year earlier, 81 percent of surfers shopped online, with 69 percent transacting purchases.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@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)