In Brief: White House On Textiles…Ann’s Logic…General Growth Grows
WHITE HOUSE ON TEXTILES: The Bush administration unveiled its second textile report to Capitol Hill lawmakers late Tuesday in an effort to show it has made some progress to improve conditions in the beleaguered textile industry, but the report...
WHITE HOUSE ON TEXTILES: The Bush administration unveiled its second textile report to Capitol Hill lawmakers late Tuesday in an effort to show it has made some progress to improve conditions in the beleaguered textile industry, but the report is already drawing fire from the very industry it purports to help. The 20-page report touts a controversial bilateral textile agreement with Vietnam, the creation of a procedural framework for potential safeguard actions against China, “tough” rules of origin in trade pacts, aggressive enforcement against illegal textile transshipments, including $160 million of seized apparel from China, and the insistence of reciprocal market access in all trade agreements. The interagency task force, known as the Textile Working Group, has been working to fulfill pledges made to GOP lawmakers who voted for trade promotion authority. Critics claim, however, that the focus on the textile industry is an election-year ploy.
ANN’S LOGIC: ProfitLogic, whose suite of “merchandise optimization” software solutions aims to help retailers raise margins and make more profitable decisions, said Ann Taylor Stores Corp. will use ProfitLogic Price, a markdown optimization solution, for its Ann Taylor and Ann Taylor Loft divisions. “The knowledge provided through the markdown optimization module will help us improve our gross margins,” Bud Wagner, senior vice president of information services at Ann Taylor, said in a statement. He also noted that ProfitLogic has an accelerated implementation road map. Tom Ebling, chairman and chief executive of ProfitLogic, stated that Ann Taylor will have a system that will scale to accommodate its growth. The suite is focused around four central merchandising processes: assortment planning, allocating, pricing and promoting.
GENERAL GROWTH GROWS: General Growth Properties, the nation’s second largest mall developer, has purchased Sikes Senter in Wichita Falls, Tex., and agreed to buy The Maine Mall in South Portland, Maine and Glenbrook Square in Fort Wayne, Ind. “These centers are the single dominant regional mall destinations in the markets they serve,” said John Bucksbaum, chief executive officer, General Growth. The total cost of the malls is about $550 million. Sikes Senter has 675,000 square feet, Maine Mall has 1.1 million square feet and Glenbrook Square has 1.2 million square feet.
In yet another fashion show shuffle, @elleryland is moving its show in sync with the Paris couture calendar — though the brand is still keeping one foot on the city’s ready-to-wear schedule. Their runway show in January will coincide with the launch of a new strategy: designing two main collections each year instead of four, which will then be released in four drops. “As we all know, the system needs to change. We need to show sooner to give time back to artisans and designers to do what they do best — create,” said founder Kym Ellery. #wwdnews #wwdfashion (📷: @kukukuba)
@maxmara’s classic 101801 coat was the cornerstone of its pre-fall 2018 collection. The design team expanded the traditional double-breasted, kimono-sleeved style into a trapeze coat, lean belted styles and a peacoat and presented them in monochromatic looks – like the camel one pictured here. #wwdfashion #prefall18 (📷: George Chinsee)
The @cfda has shifted the dates of #NYFW, with Men’s showing on February 5 through February 7, and Women’s will directly follow, running from February 8 through 14. The preliminary schedule will be released on the CFDA’s web site in the next few days, but Mark Beckham, VP of marketing for the CFDA, revealed that @rafsimons will be back to close the men’s-specific part of the week with a show on February 7 #wwdfashion (📷: Kelly Taub)
@ferragamo is introducing a new space dedicated to the development of women’s and men’s leather good samples. The laboratory, which is created eco-friendly materials and designed to reduce the environmental impact of the manufacturing processes, will allow the company to expand its accessories offering through traditional artisanal approaches. #wwdfashion (📷: @aitorrosasphoto)
How does a “regular, degular, schmegular” girl from the Bronx, N.Y., become a Grammy-nominated artist with a certified platinum record in less than a year? Call it the @iamcardib come up. The 25-year-old has become a musical sensation, and the fashion world is taking note. “If I could describe her style I would say drama. She’s really into the dramatics,” says Cardi B’s stylist @kollincarter. See how Carter styles her bold and out there looks with the link in bio. #wwdfashion
“There is no formula. There is no guideline. I can watch Ted Talks all day, but there is no one who can advise me on exactly what it is I should be doing,” said @ronniefieg, CEO of @kith, in an interview with WWD’s @ariahughes at the brand’s new SoHo office in Manhattan. Head to WWD.com to see how Fieg went from hanging out in shoe stockrooms at 13 to building his own business. #wwdfashion (📷: @weston.wells)
@fearofgod and @maxfieldla have teamed up on a pop-up installation. The store, located in the gallery space across from Maxfield’s Melrose Ave location, is the site of the brand’s House of God pop-up in which Fear of God founder @jerrylorenzo has created a church-inspired installation. A dozen vintage church pews sit in front of an LED screen playing 90s gospel singers in an effort to re-create an environment akin to a Southern Baptist Church, Lorenzo explained. Read more about the pop-up on WWD.com #wwdfashion (📷: Jennifer Johnson)
Known for his sleek, sophisticated American glamour, Norman Norell is the subject of an upcoming exhibition at @fitnyc. “Norell: Dean of American Fashion,” which runs from February 9 through April 14, will feature approximately 100 ensembles and accessories. His best work is exemplified by the designer’s glittering “mermaid” gowns frosted with thousands of hand-sewn sequins – like the one pictured. (📷: William Helburn) #wwdfashion
For pre-fall 2018, @balmain didn’t let go of the glitz. A crystal embroidered baseball jacket priced at around $40,000 hangs in the “couture” section of the brand’s first men’s pre-collection. Sporting the words “Balmain Army” across the back, the item took around two months to make. “When it was completed, it was like Christmas, it was like, ‘It’s done, it’s exactly what I wanted,’” said Balmain’s creative director @olivier_rousteing during a tour of the collection in a Paris showroom on Monday. #wwdfashion