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Business

Starbucks' Schultz Sees Sweeping Retail Consolidation

As U.S. retailing consolidates, Starbucks sees adding 12,000 stores worldwide through 2021.

clock 19hDavid Moin and Evan Clark

Business

Jewelry Brand Kendra Scott Puts Stake on the Block

The Austin, Tex.-based jeweler could be valued at $1 billion or higher in the Jefferies-run process.

clock 14hEvan Clark

Business

Hear J. Crew's Mickey Drexler Getting Succession-Minded

J. Crew Group is working to improve its business and moving to create a succession plan.

clock 23hDavid Moin

LBO Scenario Returns To Retail With Neiman’s Seen as First Candidate

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Overview

As speculation continues over who will bid for Neiman's — with names ranging from Apollo to Texas Pacific Group — one hedge fund manager said a Neiman's deal has the potential to be a leveraged buyout.

From This Issue

Macy's is one example of an LBO that didn’t fare well, and its acquirer, Federated Department Stores, also was an LBO victim.

Financial

LBO Scenario Returns To Retail With Neiman’s Seen as First Candidate

As speculation continues over who will bid for Neiman’s — with names ranging from Apollo to Texas Pacific Group — one hedge fund manager said a Neiman’s deal has the potential to be an LBO under which the financial structure would be…

clock April 7, 2005Vicki M. Young

Retail

In Brief: Posh Punch … New Principal … New Breeder …

POSH PUNCH: LVMH Moët Hennessy Louis Vuitton is on a rum run. Moët Hennessy, its wines and spirits division, said Wednesday it will launch 10 Cane, a prestige rum. Originating from Trinidad, 10 Cane will be launched in…

clock April 7, 2005WWD Staff

Financial

Coalition Files Market-Disruption Petitions Against China

WASHINGTON — Building on the Bush administration’s decision to review China’s surging imports, a coalition of U.S. textile and fiber producers filed seven China safeguard petitions Wednesday, seeking the imposition of quotas on $1.45…

clock April 7, 2005Kristi Ellis

Financial

EU Sets China Safeguard Guidelines

GENEVA — The European Union on Wednesday published the long-awaited guidelines it will use in determining whether to slap temporary safeguard quotas on rising Chinese imports, following the Jan. 1 abolition of textile and apparel…

clock April 7, 2005John Zarocostas

Stanislas de Quercize

Fashion Features

De Quercize Headed to Paris?

NEW YORK — Is Stanislas de Quercize, Cartier’s energetic North American president and chief executive officer, saying goodbye to New York and bonjour to Paris?

A source close to Compagnie Financière Richemont SA, which owns…

clock April 7, 2005Marc Karimzadeh

People

Barkin’s Bite

NEW YORK — When her new film, “Palindromes,” premiered at the Venice Film Festival last summer, Ellen Barkin was a little concerned that her husband, Ron Perelman, might not like it. After all, “Palindromes” was directed…

clock April 7, 2005Marshall Heyman

WWD Image

People

Flash Dancer

LOS ANGELES — Don’t call her a stripper, because Carolina Cerisola never takes it all off. The dancer may belong to a tradition of racy stage seduction that goes back to the Moulin Rouge, but she swears there’s nothing to make a lady…

clock April 7, 2005Kevin West

Teen retailers are expected to outperform the pack in March.

Financial

Comp-Store Sales Face Tough March

NEW YORK — High gas prices; difficult year-over-year sales comparisons; chilly, wet weather, and an earlier Easter are the forces that tugged and pushed March same-store sales, which may be softer than the strong comps seen in the first two…

clock April 7, 2005Meredith Derby

Fashion Features

Wal-Mart Renews Focus on Key Items

ROGERS, Ark. — After being burned in recent years by attempting to be too trendy, Wal-Mart will showcase fashion with broad appeal in an effort to drive sales.

The world’s largest retailer is going after the “big middle tier…

clock April 7, 2005Katherine Bowers

Financial

H&M Profits Soar 29% in First

Aided by lower sourcing costs during the wind-down of global textile quotas, Hennes & Mauritz said its first-quarter profits zoomed 29.1 percent to 1.5 billion Swedish kronor, or $217.1 million.

clock April 7, 2005Miles Socha

WWD Image

Media

Memo Pad: Pyper Blows Town … Poached A La Martha

PYPER BLOWS TOWN: Us Weekly’s masthead, formerly so top-heavy, is slimming down fast. Editor in chief Janice Min notified her staff Wednesday that Sarah Pyper, hired away from In Touch a year…

clock April 7, 2005Jeff Bercovici

A colorful rack at Therapy.

Fashion Features

Austin City Limits: Shop Flock

Everywhere in the Texas capital, T-shirts, posters and bumper stickers repeat the mantra “Keep Austin weird.” But rather than being a den of the bizarre, the city is simply cut from a different cloth than the state’s other major…

clock April 7, 2005WWD Staff

Busy personal shopper Paula Lundgren at one of her frequent retail stops, the Garden Room.

Fashion Features

Austin City Limits: Better Shop Around

Paula Lundgren is on a mission to rid Austinites of what she calls “unsupervised purchases.” That is, splurges that make no sense, such as the fur coat that will never see the light of day in the balmy Texas climate or the miniskirt for a…

clock April 7, 2005WWD Staff

The painted Polo Jeans will hit stores in August.

Fashion Features

Denim Dish: Warnaco Taps Meyer … Turn The Paige … Scoop Gets Exclusive …

Warnaco Taps Meyer

Warnaco Group Inc. on Wednesday named Dwight Meyer to the new post of president of global sourcing.

Meyer, 52, last served as executive vice president of global sourcing at Ann Taylor Stores. At…

clock April 7, 2005WWD Staff

WWD Image

Fashion Features

Hemming And Hawing

For decades, the rise and fall of hemlines has been the cause of chatter among designers, sociologists and even Wall Street investors, who turned to them as an indicator of where the market was headed. The conversations tended to focus on skirts and…

clock April 7, 2005Scott Malone and Ellen Burney

Dockers U.S. sales last year came to $649.4 million.

Financial

Silten to Step Down as Dockers President

NEW YORK — Bobbi Silten, president of Levi Strauss & Co.’s U.S. Dockers division, will be stepping down from her post in June to take a six-month sabbatical, the San Francisco-based company said in a statement this…

clock April 7, 2005Scott Malone

A BCBGirls' jacket, tunic and distressed jeans.

Retail

For BCBG, It’s All in the Jeans

NEW YORK — BCBG Max Azria and BCBGirls will welcome denim into their collections for fall.

“We flirted with it a bit for years. We wanted to impose ourselves as a lifestyle brand and not just a jeansmaker,” said Max Azria,…

clock April 7, 2005Lauren DeCarlo

Rebecca Winn and Drew Paluba.

Fashion Features

Rebecca & Drew Bust Out a New Concept

NEW YORK — The only standard in women’s sizing exists in bras — and that infuriated Rebecca Winn and Drew Paluba.

Winn and Paluba considered the women’s button-down shirt to be one of the most ill-fitting garments in…

clock April 7, 2005Lauren DeCarlo

Fashion Features

Sharapova Style at 18

NEW YORK — Reigning Wimbledon champion Maria Sharapova is a budding style icon, but she has yet to attend a fashion show.

“I have gotten many invites and I always want to attend shows when I am in New York, but I have tennis,”…

clock April 7, 2005Melanie Kletter

Retail

Hispanics Hit the Stores

Top retail attributes preferred by Hispanic customers.

clock April 7, 2005Cecily Hall

Beauty Features

Beauty Beat: Danish Group Files Suit Versus L’Oreal … Hain Acquires Zia Cosmetics … Trappmann Tapped for Juvena

Danish Group Files Suit Versus L’Oréal

PARIS — The Danish Consumer Council has filed a lawsuit against L’Oréal over one of its hair coloring products.

The council is taking the French…

clock April 7, 2005WWD Staff

CeCe Cord

Fashion Features

Fashion Scoops: St. John And De Sole? … The Polo Diet … Down-Home, Uptown

ST. JOHN AND DE SOLE?: As if there wasn’t already enough speculation surrounding him, Domenico De Sole turned up at the St. John Knits’ sales meeting Monday at the Four Seasons in Newport Beach, Calif.,…

clock April 7, 2005WWD Staff

Essentialist

Today's Must Read

Raf Simons

Fashion

Calvin Klein’s Amy Mellen, Senior VP of Home, Is Leaving

clock 20hLisa Lockwood

Social Studies