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.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty