In Brief: Gottschalks Guidance … Tefron’s New CFO … Tiger Sale …
GOTTSCHALKS GUIDANCE: Gottschalks Inc., the retail chain based in Fresno, Calif., lowered its 2005 guidance, saying it expects to report earnings between 59 cents and 64 cents a share. Its prior estimate called for earnings of 62...
GOTTSCHALKS GUIDANCE: Gottschalks Inc., the retail chain based in Fresno, Calif., lowered its 2005 guidance, saying it expects to report earnings between 59 cents and 64 cents a share. Its prior estimate called for earnings of 62 cents to 67 cents a share. The revision reflects changes in how the retailer accounts for leases. Gottschalks operates 63 department stores and 10 specialty stores.
TEFRON’S NEW CFO: Asaf Alperovitz has been appointed chief financial officer of Israel-based Tefron Ltd., effective June 1. He succeeds Gil Rozen, who served as cfo for more than three years and will resign May 31 to pursue private business opportunities. Alperovitz is cfo of Corigin Ltd., a private company specializing in developing, marketing and selling software products. He previously held management positions in high-tech areas of Ernst & Young in Israel and California. Tefron is one of the world’s leading producers of seamless intimate apparel and activewear for firms such as Victoria’s Secret, Gap, Banana Republic, Target, Nike and J.C. Penney Co.
TIGER SALE: A Superior Court judge in Ontario, Canada, has approved the sale of Tiger Brand Knitting Ltd. of Cambridge, Ontario, to a company controlled by New York investor Ken Lazar, who will close the plant and source its branded apparel in China. The sale of the company, which has been in bankruptcy protection since September, will result in the loss of 300 jobs, according to the United Steelworkers union. Representatives of Tiger Brand could not be reached for comment. Tiger Brand produces cotton fleece products under the Canadian Classic Brands and Non-Fiction labels for men and women, TBK for women and private label for Canadian and U.S. retailers. It was founded in 1881 by the Warnock family, which was in its fifth generation of ownership.
SWITCH AT SAKS: Sunny Diego has been named women’s contemporary shoe buyer at Saks Fifth Avenue. She was previously fashion director of women’s accessories and succeeds Christine Merrick, who will move to another as-yet-undecided buying area. Diego, who joined Saks 10 years ago, said she moved back to the buying office because Saks is in “the renaissance of the company’s history and I wanted in.” She said Ron Frasch, chief merchandising officer, “has made merchandising the place to be, and the contemporary position in all divisions — ready-to-wear, shoes, bags — will be key.”
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)