The men’s wear industry is not immune to the malaise that has hit the retail sector hard over the past year.Late Wednesday, Tailored Brands Inc., the former Men’s Wearhouse, reported sales declines for fiscal 2016 and warned of another tough year in 2017 — a disclosure that led to a steep drop in the stock price when the market opened Thursday morning. In mid-morning trading, shares on the New York Stock Exchange were trading down more than 30 percent, falling to just over $16.Douglas Ewert, chief executive officer, said the retailer is projecting earnings per share in the range of $1.45 to $1.75 on comparable-store sales declines in the low-single digits at Men’s Wearhouse and comp increases in the mid-single digits at its Jos. A. Bank division. Analysts were expecting profits this year to be considerably higher at $2.10 a share.
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive