NIKE'S BLUE RIBBON: Nike has been quietly developing an upscale men's sportswear label, which is already available for sale on the Nike Web site and will begin rolling out to a handful of stores later this month, including some NikeTown locations. Called Blue Ribbon Sports, the collection features a small group of items such as slouchy jeans, logo T-shirts, woven button-down shirts, blazers, and accessories. On the site, retail prices start at $30 for a hat, and go up to $90 for a woven shirt, and $110 for denim. The name stems from Nike's early days, since the company was first called Blue Ribbon Sports when it was founded in 1962 by Phil Knight and Bill Bowerman. In 1972, BRS changed its name to Nike, for the Greek winged goddess of victory. The company declined to give too much information about the collection, but a spokeswoman said it was similar to White Label, the fashion-forward sportswear line Nike launched in Europe and brought to the U.S. last year. Those products are more sophisticated and carry higher price points than Nike activewear and are carried in stores such as Saks Fifth Avenue.
GILDAN'S PROFIT SOARS: Gildan Activewear Inc. posted a 30.2 percent increase in third-quarter earnings on an 18.1 percent rise in total revenues. The company said Wednesday that net income totaled $34.2 million, or 57 cents a diluted share, ahead of analysts' consensus by a penny, versus $26.2 million, or 44 cents, in the third quarter last year. Sales increased to $198.9 million from $168.4 million a year ago. The Montreal-based company cited growth in unit volume sales, an improved product mix and lower cotton costs for the quarter's performance. Gildan, which manufactures basic activewear for U.S., Canadian and European wholesalers, still expects earnings per share to be $1.37 in fiscal 2005, after certain charges. The company also said it expects to open two facilities during fiscal 2006 at its Rio Nance site in Honduras, one to manufacture existing products and one to produce athletic socks, a new venture for the company, which it sees as a growth opportunity. Total capital expenditures in fiscal 2006 are seen at $105 million.
@beyonce chose a custom gown by @falgunishanepeacockindia for mother @mstinalawson 's second annual Wearable Art Gala last night. The gown, which took 10 days to make, was inspired by Nubian warrior queen Amanishakheto. Reporting by @hernameislex . #wwdeye 👑 🐝#beyonce
After dressing @justintimberlake for his Super Bowl halftime performance last month, @stellamccartney has designed the star’s "Man of the Woods" tour wardrobe. Timberlake will be wearing a mix of pieces from McCartney’s fall men's collection as well as custom designs and items from his own closet. #wwdfashion
@carmeloanthony is upping his fashion game once again, introducing a hat collection with @goorinbros. Called Fresh Greens by Melo x Goorin, the line consists of five unisex models, all of which are made in America from 100 percent wool. Each hat is lined with Anthony’s signature and the inscription “Knowledge of self, wisdom and understanding.” You can purchase the collection line at Goorin’s website as well as three off its stores in San Francisco, New York City and Las Vegas #wwdaccessories
“I am of tradition, but that doesn’t mean I have an old outlook on life,” Hubert de Givenchy told WWD in an interview in 1978. The legendary designer, who died last week at the age of 91, achieved wide success soon after launching his own couture boutique in the early ’50s, but he refused to pine for that time. For the first time since its original publication, read our interview with Givenchy on his awe for Audrey Hepburn and looking forward. Link in bio. #wwdarchives #fbf (📷: Pierre Schermann)
About last night: @alexachung and @supergausa toasted the launch of their capsule collection. “It’s the shape that I love, so rather than amend the last and make the sole crazy or do anything wild, we just did really subtle additions that I think make it look really luxe-y,” said Chung. #wwdfashion (📷: Marc Patrick)
Exclusive: @off____white’s @virgilabloh is launching an exclusive eyewear capsule collection @sunglasshut. The unisex collection, which is made up of three styles, first made its debut on the brand’s fall runway show in Paris. Get all the details on WWD.com – link in bio. #wwdnews #wwdfashion