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.
@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)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia