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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 20hDavid 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 15hEvan 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 24hDavid Moin

Sadove’s Saks Strategy: Focus on Core Shopper And Boost Branch Stores

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Overview

Saks Fifth Avenue ceo Stephen Sadove laid out a merchandising plan to bring the $2.7 billion luxury chain back to a healthy state. The goal is to boost Saks Fifth Avenue's operating margins to 8 percent within the next two to three years.

From This Issue

Steven Sadove

Financial

Sadove’s Saks Strategy: Focus on Core Shopper And Boost Branch Stores

Saks Fifth Avenue ceo Stephen Sadove laid out a merchandising plan to bring the $2.7 billion luxury chain back to a healthy state.

clock March 15, 2006David Moin

Financial

Prestige Brands Fined for Price Fixing

Thirteen prestige beauty brands and France’s three leading selective perfumery retailers have been fined a combined 46.2 million euros.

clock March 15, 2006Ellen Groves

Boots is putting $432.8 million into its stores.

Fashion Features

Beauty Beat: Boots to Revamp Stores, Cut Jobs … Mercier Sale Talk Heats Up

Boots Group plc plans to indulge in some retail therapy.

clock March 15, 2006WWD Staff

Fashion Features

In Brief: Kmart To Pay $13 Million … P.R. Departures

A brief look at some of the day’s stories.

clock March 15, 2006WWD Staff

Asprey's New York flagship.

Financial

More Action at A&G Group

Asprey and Garrard owner A&G Group has been trying to find an investor and is close to a deal that could be a sale of one or both brands.

clock March 15, 2006WWD Staff

WWD Image

Media

Memo Pad: Wenner In Honcho Hunt? … Black Cuts In At Tango

The high rate of top-level turnover at Wenner Media is proving a boon to the executive recruitment industry.

clock March 15, 2006WWD Staff

Financial

Retail Sales Slide in Feb.

Consumer spending came back down to earth last month after robust activity in January, as shoppers kept a closer hold on their wallets.

clock March 15, 2006Evan Clark

Liz Claiborne's double-faced wool jacket, silk ruffled blouse and triacetate skirt.

Fashion Features

Liz Claiborne Gets Better Style

Liz Claiborne, the $1.1 billion better sportswear brand that’s faced growing competition in recent years, is getting a style makeover.

clock March 15, 2006Julee Greenberg

The interior of Bellylicious.

Retail

Bellylicious: Boca’s New Baby

Belly­licious boutique didn’t take baby steps into the maternity market.

clock March 15, 2006Rebecca Kleinman

A Kaufmann's store.

Financial

Federated to Pay $725,000 in Ad Case

Federated agreed to a $725,000 settlement with New York State over misleading advertising practices and sales promotions at Kaufmann’s.

clock March 15, 2006Elizabeth Morrow and Maria Bucciferro

Financial

Oakley Buys Optical Shop

In another bid to boost its fashion factor, sports eyewear firm Oakley Inc. has acquired The Optical Shop of Aspen, a group of 14 luxury eyewear boutiques based in Aliso Vieho, Calif.

clock March 15, 2006Sophia Chabbott

Fashion Features

Port Security: Lawmakers Seek $4B Over Five Years

A bipartisan group of House lawmakers introduced a bill Tuesday that would increase funding for port security by $4 billion over five years.

clock March 15, 2006Kristi Ellis

Galleria Dallas

Retail

Neiman’s and More: Dallas Retailing Mixes Ingredients for Growth

Retailing is big business in Dallas and it’s getting bigger, with an estimated 4 million square feet of retail space to be added this year.

clock March 15, 2006Rusty Williamson

Carmine Porcelli in 2001.

Retail

Obituary: Carmine Porcelli, Fashion Executive, 60

Carmine Porcelli, who brought salesmanship and enthusiasm to some of Seventh Avenue’s most heralded brands, has died of an apparent heart attack, said family friend Mark Ross.

clock March 15, 2006WWD Staff

NYC Police Commissioner Raymond Kelly and Mariska Hargitay.

Fashion Features

Madison Ave. Works for Boys in Blue

About 60 retailers are participating in Madison Avenue Blue, which kicked off Tuesday and will raise money for the New York City Police Foundation.

clock March 15, 2006Sharon Edelson

Macy's in New York's Herald Square, Federated's flagship.

Retail

Evolving Industry Creates Factoring Challenges

As retail consolidation continues and vendors look to differentiate their products, factoring firms are adjusting to the changing landscape.

clock March 15, 2006Liza Casabona

Essentialist

Today's Must Read

Raf Simons

Fashion

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

clock 21hLisa Lockwood

Social Studies