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.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews