In Brief: Ulrich’s Payday … Lacroix Lingerie … WTO Rules for U.S. … Trouble in Toyland …
ULRICH’S PAYDAY: Target Corp.’s chairman and chief executive, Robert Ulrich, took home a total of $7 million last year, a 15.4 percent increase, according to filings with the Securities and Exchange Commission. While the executive’s...
ULRICH’S PAYDAY: Target Corp.’s chairman and chief executive, Robert Ulrich, took home a total of $7 million last year, a 15.4 percent increase, according to filings with the Securities and Exchange Commission. While the executive’s base salary inched up only slightly to $1.4 million, his bonus weighed in at $4.6 million, or 24.3 percent higher than in 2001. Other compensation also rose modestly to $947,000. Last year was also an up year for Target’s vital financial statistics as earnings shot ahead 20.9 percent to $1.65 billion, or $1.81 a diluted share. Revenues advanced 10.3 percent to $43.92 billion.
LACROIX LINGERIE: Christian Lacroix, the French couturier known for his lavish ornamentation and vivid color, is set to apply his rich aesthetic to lingerie. The designer on Monday announced a five-year licensing deal with Societe Internationale de Lingerie, or SIL, to produce Lacroix-branded innerwear. The collection, a first for Lacroix in the category, will bow at retail for spring 2004. SIL already produces lingerie under license for Christian Dior and Cacharel.
WTO RULES FOR U.S.: A World Trade Organization dispute panel has issued a preliminary ruling against India in a complaint that alleges U.S. rules of origin for textiles and apparel products break global trade rules, according to sources in Geneva. The ruling could have ramifications on the current round of global trade talks in the WTO in the area of harmonizing rules of origin, which India strongly advocates. A final ruling on the complaint is expected to be issued in early May, at which time India is expected to file an appeal. India’s complaint charges that U.S. rules of origin treat textiles and apparel differently from other industrial products and that within the sector, varieties of goods that are produced by similar means are treated differently. Indian officials also claim the rules unfairly favor European Union imports and were crafted to protect the U.S. textile industry.
TROUBLE IN TOYLAND: FAO Inc. has hit a financing snag that might affect Saks Inc. The bankrupt toy retailer, which runs the FAO Schwarz chain, reported Monday that it lost its exit financing after "unexpected complications" led purchasers of its equity to withdraw. Saks in February said it planned to take a minority stake in the firm and would then open up licensed shops inside Saks department stores. Terms were not disclosed. Goods were to hit the stores by holiday 2003.
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)