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.
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