PACSUN CLOSINGS: Pacific Sunwear of California said Tuesday that it planned to close 74 underperforming d.e.m.o. stores that contributed to a pre-tax operating loss of about $9 million in 2006. The teen specialty retailer will renovate 20 to 25 top-performing d.e.m.o. units in fiscal 2007. PacSun lowered fourth-quarter guidance to 36 cents from 38 cents per share, and expects total 2006 earnings in the range of 78 cents to 80 cents a diluted share. The d.e.m.o. closings will begin in the first half of fiscal 2007. The company operates 849 PacSun stores, 116 PacSun Outlet stores, 225 d.e.m.o. stores and nine One Thousand Steps stores.
EAGLE ON THE NYSE: American Eagle said Tuesday that it was cleared to apply to list on the New York Stock Exchange. If approved, the teen retailer's shares will trade on the NYSE as "AEO" beginning March 8. Until then American Eagle will continue to trade on the Nasdaq.
LIBERTY'S NEW LOOK: Liberty of London is having a little work done. The Regent Street store famous for its Arts & Crafts furniture, paisley fabrics and understated fashion collections is re-designing its central atrium with help from the London firm Universal Design Studio. The new ground-floor area will showcase Liberty-branded products only, instead of designer accessories, which will move to the room next door. The atrium space will feature smoked charcoal glass, multi-level mirror and timber units, and peacock-blue "treasure box" display cases. The Liberty collection consists of scarves, bags and small accessories in vintage Liberty prints and fabrics. The space will be unveiled on Feb. 14, during London Fashion Week.
NEW BOARD MEMBER: Alan Kane, dean of the School of Business and Technology at the Fashion Institute of Technology, has joined the board of American Eagle Outfitters Inc. Previously, he was a professor of retailing at the Columbia Graduate School of Business. Earlier in his career, he held senior executive and merchandise positions at Federated Department Stores, The May Department Stores Co. and Grossman's Inc. He also is on the board of Circuit City Stores Inc.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@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 (📷: Dominique Maître)
@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)