LAS VEGAS — There was a surprise in the aisles at MAGIC here Monday — optimism.
Retailers shopping the first day of the show were finally feeling a bit more hopeful about the future after early signs of a good back-to-school season and a bubbling of demand in some categories. MAGIC runs through Wednesday at the Las Vegas Convention Center.
The more sober times have created a desire among consumers for classic looks — suits and preppy-retro influences in men’s and clean, feminine looks for women. With that as their mandate, buyers prowled the aisles for the latest pieces to add some spice to their assortments for spring.
Value continues to be the buzzword as reluctant consumers seek sharp pricing before parting with their dollars. As a result, promotions are still a necessary evil, but the markdowns are planned and not panic-driven like they were at the end of last year.
Women’s buyers cited the need for novelty in their merchandise mix while keeping an eye on cost; wholesale prices in the $15 to $40 range were those most embraced by retailers looking to keep recession-friendly merchandise on their racks.
Retailers across the board were also watching their inventory levels closely and were maintaining the 10 to 20 percent decrease in orders they had instituted for fall.
“Our young men’s business has been good for back-to-school,” said Kevin Morrissey, executive vice president and general merchandise manager for Macy’s Inc. “There were some categories we were actually happy with.” Specifically, T-shirts, woven shirts and denim were standouts, he said.
In the men’s area, Morrissey said the “classic or traditional businesses are strong while the updated business is weaker.” In young men’s, it’s “not classic, but retro — everything old is new again.”
Looking ahead to fall, Morrissey said although there’s no “silver bullet,” there are “definitely opportunities.” Shoppers are responding to new ideas and the Macy’s buying team was seeking some items to lure customers within the young men’s area. “This young customer moves so quickly, we need to stay on top of it.” Improving the flow was also a priority, he said, as Macy’s moves to get goods to the customer faster.
Inventories, which had already been reduced for fall, are being “maintained” at that level, Morrissey said.
“Clean lines and 1950s-style preppy looks are coming in, like cuffed jeans and loafers,” said Tiffany Wolf, a Macy’s East buyer. “There are a lot of retro looks out there now.”
Newness is also driving sales at J.C. Penney Co. Inc. Steve Lawrence, gmm of men’s wear, said although b-t-s sales are “coming late, they are coming.”
Denim, T-shirts and some of the company’s new surf-skate initiatives are working well and Lawrence is hopeful that as other new brands, such as Joe by Joseph Abboud, roll out to stores in September, business will continue to increase.
The Penney’s buying team was working to see as many brands at the show as possible to ensure its merchandising strategy for spring is on the right track. “We don’t actually sit and buy but cement ideas and review,” Lawrence said.
Inventories, which have been lower all year, are being maintained at that level, he said. “They’re not dropping significantly lower.”
David Zant, executive vice president and gmm of Belk, also said the company has had “a good b-t-s. We beat plan in August and had a comp increase.” Leading the way, he said, was long denim — “We had been as highly penetrated in that area so we’re going after that opportunity.” — as well as screen-printed T-shirts.
Looking ahead, he said the company is “not planning fall down as much as spring. And based on the traction we got for b-t-s, we feel good.” Premium denim remains a growth opportunity and Belk is expanding its penetration of higher-end goods such as Seven For All Mankind, Lucky Brands and Diesel.
The customer remains “value-driven,” he said, noting Belk’s moderate brands have done well and its collections vendors now recognize certain components of their lines need to address the current price sensitivity in the market.
Like most retailers, Zant said Belk’s inventories remain down in the low double digits and will remain at that level for spring.
Doug Ewert, president of the The Men’s Wearhouse Inc., said sales are still “disappointing, but we’re not hemorrhaging. We’ve got the bleeding under control.”
Reflecting the sober tone of today’s consumer, Men’s Wearhouse is experiencing “extremely strong” suit sales, according to Scott Norris, senior vice president and gmm. Much of the business is coming as a result of promotions; the company is running a buy-one-get-the-second-one-for-$100 deal. “You’ve got to be creative with your promotional schedule,” he said.
Accessories haven’t fared as well as suits, Norris said, but since tailored clothing remains the lion’s share of the company’s business, overall sales are acceptable. Looking to fall, he expects results to be similar to the first half and driven by promotions. “It would be great if the cold weather happens early,” he said.
Men’s Wearhouse was seeking advantageously priced goods in all categories, tailored as well as casual. “And we actually do buy here,” he said. Although inventories are below last year, the company is being aggressive in buying categories “where business is on the positive side. We’re not afraid, but inventory control is still top of mind.”
Bucking the trend, Scott Collins, gmm of men’s for Downtown Locker Room, said b-t-s sales were a bit soft. “They’re not what we thought they would be.” Nevertheless, the brand LRG “has been really good and the Akademiks relaunch did tremendously.” The company’s private label luxe T-shirt business was also a bright spot.
The atmosphere is still very promotional, he said, with consumers seeking value and retailers continuing to one-up each other on pricing. “It’s a snowball effect,” he said.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast