Great Universal Stores plc, the retail and services group and Burberry’s parent company, posted sales growth in all of its divisions for the first quarter ended June 30. GUS said in a trading statement this week...
Great Universal Stores plc, the retail and services group and Burberry’s parent company, posted sales growth in all of its divisions for the first quarter ended June 30. GUS said in a trading statement this week that sales at Argos, its general home merchandise business, climbed 14 percent while those at Homebase, the home furnishings and gardening store, rose 5 percent. At Experian North America, a credit profiling and information company, sales rose 4 percent while at Experian International, they rocketed 11 percent thanks chiefly to acquisitions, outstanding interests and vigorous U.K. business in the quarter. As reported, Burberry — of which GUS holds a 77 percent stake — saw sales rise 18 percent in the period, 22 percent at constant exchange rates. “We believe that GUS is in good shape to continue to deliver growth going forward, although perhaps not at the rate of the first quarter,” said John Peace, GUS chief executive. The firm didn’t provide revenue figures. Results for the first half, which ends Sept. 30, are expected on Nov. 20.
Bankrupt Spiegel Group Inc. on Thursday said it will lay off approximately 680 employees as part of a consolidation of its customer contact and order fulfillment operations. The Eddie Bauer parent will shutter its Rapid City, S.D.-based customer contact center, with about 240 employees, and an order fulfillment operation in Newport News, Va., that employs approximately 400 associates. Both facilities are slated to close at the end of December. Additionally, the Downers Grove, Ill.-based company will move a retail distribution operation to Groveport, Ohio, from neighboring Columbus. Although most associates there are expected to transfer to the new facility, Spiegel said approximately 40 employees will be let go in September. Services provided by the closed operations will be shifted to other company facilities, the firm said.
In yet another fashion show shuffle, @elleryland is moving its show in sync with the Paris couture calendar — though the brand is still keeping one foot on the city’s ready-to-wear schedule. Their runway show in January will coincide with the launch of a new strategy: designing two main collections each year instead of four, which will then be released in four drops. “As we all know, the system needs to change. We need to show sooner to give time back to artisans and designers to do what they do best — create,” said founder Kym Ellery. #wwdnews #wwdfashion (📷: @kukukuba)
@maxmara’s classic 101801 coat was the cornerstone of its pre-fall 2018 collection. The design team expanded the traditional double-breasted, kimono-sleeved style into a trapeze coat, lean belted styles and a peacoat and presented them in monochromatic looks – like the camel one pictured here. #wwdfashion #prefall18 (📷: George Chinsee)
The @cfda has shifted the dates of #NYFW, with Men’s showing on February 5 through February 7, and Women’s will directly follow, running from February 8 through 14. The preliminary schedule will be released on the CFDA’s web site in the next few days, but Mark Beckham, VP of marketing for the CFDA, revealed that @rafsimons will be back to close the men’s-specific part of the week with a show on February 7 #wwdfashion (📷: Kelly Taub)
@ferragamo is introducing a new space dedicated to the development of women’s and men’s leather good samples. The laboratory, which is created eco-friendly materials and designed to reduce the environmental impact of the manufacturing processes, will allow the company to expand its accessories offering through traditional artisanal approaches. #wwdfashion (📷: @aitorrosasphoto)
How does a “regular, degular, schmegular” girl from the Bronx, N.Y., become a Grammy-nominated artist with a certified platinum record in less than a year? Call it the @iamcardib come up. The 25-year-old has become a musical sensation, and the fashion world is taking note. “If I could describe her style I would say drama. She’s really into the dramatics,” says Cardi B’s stylist @kollincarter. See how Carter styles her bold and out there looks with the link in bio. #wwdfashion
“There is no formula. There is no guideline. I can watch Ted Talks all day, but there is no one who can advise me on exactly what it is I should be doing,” said @ronniefieg, CEO of @kith, in an interview with WWD’s @ariahughes at the brand’s new SoHo office in Manhattan. Head to WWD.com to see how Fieg went from hanging out in shoe stockrooms at 13 to building his own business. #wwdfashion (📷: @weston.wells)
@fearofgod and @maxfieldla have teamed up on a pop-up installation. The store, located in the gallery space across from Maxfield’s Melrose Ave location, is the site of the brand’s House of God pop-up in which Fear of God founder @jerrylorenzo has created a church-inspired installation. A dozen vintage church pews sit in front of an LED screen playing 90s gospel singers in an effort to re-create an environment akin to a Southern Baptist Church, Lorenzo explained. Read more about the pop-up on WWD.com #wwdfashion (📷: Jennifer Johnson)
Known for his sleek, sophisticated American glamour, Norman Norell is the subject of an upcoming exhibition at @fitnyc. “Norell: Dean of American Fashion,” which runs from February 9 through April 14, will feature approximately 100 ensembles and accessories. His best work is exemplified by the designer’s glittering “mermaid” gowns frosted with thousands of hand-sewn sequins – like the one pictured. (📷: William Helburn) #wwdfashion
For pre-fall 2018, @balmain didn’t let go of the glitz. A crystal embroidered baseball jacket priced at around $40,000 hangs in the “couture” section of the brand’s first men’s pre-collection. Sporting the words “Balmain Army” across the back, the item took around two months to make. “When it was completed, it was like Christmas, it was like, ‘It’s done, it’s exactly what I wanted,’” said Balmain’s creative director @olivier_rousteing during a tour of the collection in a Paris showroom on Monday. #wwdfashion