NEW YORK - Target Corp. and Wal-Mart Stores Inc. are the top bills on the “mass fashion” marquee, playing out their parts in a soap opera-like rivalry centered on “urban and contemporary” fashion looks.
From a financial perspective, Target is outpacing Wal-Mart in same-store sales, which suggests a more positive response to the smaller rival’s merchandise offerings. In May, same-store sales at Target rose 5.7 percent rise, with Wal-Mart posting a 2.3 percent gain – a trend consistent with the last 32 months.
On the fashion front, much of the “bulls-eye” success can be attributed to the way in which Target has cornered the urban retail market, “through groundbreaking designer partnerships, smartly executed house brands and limited-edition ‘luxury’ offerings,” such as the most recent Tara Jarmon clothing promotion. In its devotion to constant improvement, Target has revamped its beauty section, peppering it with well-advertised, exclusive products.
But despite Target’s mass fashion appeal, Wal-Mart is making fashion strides too. It also retains a regal position as the world’s largest retailer. Last year, Wal-Mart’s sales were $312.4 billion, and the company plans to continue its expansion at a rate of 8 percent per year. During its shareholder meeting last month, H. Lee Scott Jr., president and chief executive officer of Wal-Mart said, “Everything is changing…and we have to stay in front to succeed.” The message was incorporated in the newly unveiled slogan, “Wal-Mart Out in Front.”
For a detailed look at the headlines discussed above, see the following archived articles:
May 23, 2006 New George In Town Wal-Mart's classic clothing brand will offer a capsule collection by Mark Eisen, to bow for fall.
May 17, 2006 Wal-Mart Net Gains 6.3% Wal-Mart Stores Inc. on Tuesday said first-quarter earnings beat Wall Street estimates by 2 cents.May 16, 2006 Target Net Up, Misses Forecast Although Target Corp. delivered robust first-quarter sales and profits, earnings per share missed the mark.
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)