In Brief: Kmart’s Q1 Update…Brooklyn Bandits Hold-Up Macy’s
KMART’S Q1 UPDATE: The Kmart Holding Corp. on Friday filed with the Securities and Exchange Commission its audited first-quarter results reflecting “fresh start” accounting, following its exit from bankruptcy proceedings in...
KMART’S Q1 UPDATE: The Kmart Holding Corp. on Friday filed with the Securities and Exchange Commission its audited first-quarter results reflecting “fresh start” accounting, following its exit from bankruptcy proceedings in May. The Troy, Mich.-based company posted a net loss of $862 million, or $1.65 a share, for the quarter ended April 30, versus a loss of $1.4 billion, or $2.87, a year ago. The audited results were in line with what the retailer reported in June, even though Kmart in a separate amended filing on Friday had reclassified certain items from the year-ago quarter.
BROOKLYN BANDITS HOLD-UP MACY’S: Two armed men wearing ski masks entered the Macy’s department store at Atlantic Center in Brooklyn, N.Y., on Saturday morning, assaulted a security guard, and ran off with $37,000 in cash. A police spokesman for the 88th Precinct in the Fort Greene section of Brooklyn said Sunday that no arrests had been made, and that the investigation is ongoing. “We are looking at videos and interviewing witnesses,” he said. The robbery took place shortly after the store opened. No shots were fired, but the injured security guard was taken to Brooklyn Hospital Center, where he was treated for a cut to his head and then released. Officials at Macy’s could not be reached for comment at press time.
@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