In Brief: Marching On … Shuffle Board … On the House … Kmart’s Day in Court …
MARCHING ON: Swedish cheap-chic retailer Hennes & Mauritz on Tuesday reported revenue rose 8 percent in March compared with the same period last year. Sales in March 2002 increased 16 percent. H&M did not break down the numbers on a same-store...
MARCHING ON: Swedish cheap-chic retailer Hennes & Mauritz on Tuesday reported revenue rose 8 percent in March compared with the same period last year. Sales in March 2002 increased 16 percent. H&M did not break down the numbers on a same-store basis.
SHUFFLE BOARD: Blair Corp. on Tuesday named a new chairman and reported other comings and goings to the board of directors. Craig Johnson, an incumbent director, was appointed chairman of the board, succeeding Murray McComas, who served on the board for 26 years. McComas, who retired as president of the Warren, Pa.-based direct marketer in 1999, will remain a director of the company. In the other moves, Michael Shuler, chief executive officer of Donerail Investments Ltd., was added to the board and four board members — David Blair, Robert Blair, Kent Sivillo and Blair Smoulder — retired. The changes reduce the number of directors to 11, five of whom are corporate officers, from 14. Johnson, a former managing director and partner of Glenthorne Capital in Philadelphia, now serves as advisory director for the investment firm. Prior to that, Johnson served in executive capacities in shipping and investment banking.
ON THE HOUSE: Saks Inc. closed the sale of its private label credit card business to Household International. The deal was worth $1.3 billion, including $300 million in cash for Saks and the assumption of $1 billion in liabilities. The retailer will continue to provide key customer service functions and receive compensation from Household under a 10-year deal.
KMART’S DAY IN COURT: Kmart Corp. spent two days in court in a drive to persuade Chicago bankruptcy judge Susan Pierson Sonderby to reject objections by some creditors to the firm’s reorganization plan. Proceedings were continuing at press time Tuesday.
@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
@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)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@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)