Gap Inc. Still Struggling: Slow Turnaround Seen As Net Declines 10.8%

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Overview

As the $16 billion retailer reported a 10.8 percent decline in third-quarter earnings, due in part to sagging sales at Old Navy, chief executive officer Paul Pressler admitted it still will take seom time to rebuild foot traffic in the group's stores.

From This Issue

Fashion Features

Bally Said for Sale, Cole a Suitor?

Swiss accessories and fashion firm Bally is in play, and Kenneth Cole is said to be among the bidders, WWD has learned.

clock November 17, 2006Miles Socha

Doo-Ri Chung

Fashion Features

Chung Wins Fashion Fund Award

Perseverance paid off for Doo-Ri Chung, who received the third annual CFDA/Vogue Fashion Fund award Thursday night.

clock November 17, 2006Rosemary Feitelberg

Financial

Investment Gains Boost Sears’ Net

Sears Holdings Corp. on Thursday posted third-quarter earnings that fell below Wall Street’s consensus estimates.

clock November 17, 2006Vicki M. Young

Fashion Features

Quote of The Week

“I was inspired by satellites. By lasers. By the moon. I looked into the future.”

clock November 17, 2006WWD Staff

Fashion Features

In Brief: Fashion Parley … Outkast Jerseys

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

clock November 17, 2006WWD Staff

Ralph Lauren's Polo Double Black.

Fashion Features

Fragrance Builds Holiday Momentum

‘Tis the season of fragrance once again, and the beauty business is building momentum.

clock November 17, 2006Julie Naughton and Pete Born

Clarins retools.

Fashion Features

Clarins Recasts Its Color Business

Clarins is retooling its color cosmetics line this spring in a plan aimed at capturing a greater share of the lucrative makeup market.

clock November 17, 2006Julie Naughton

The newly reconstituted products.

Fashion Features

Shiseido Reformulates and Revamps ‘The Skincare’ Line

Shiseido plans to kick off the first half of 2007 with a number of additions to its skin care and color cosmetics franchises.

clock November 17, 2006Julie Naughton

Rouge Interdit

Fashion Features

Givenchy Zeros In on Lipstick With Rouge Interdit

Givenchy plans to pay its color cosmetics business more than lip service by launching its new lipstick line, Rouge Interdit, in March.

clock November 17, 2006Julie Naughton

Michael Gordon

Fashion Features

Gordon Steps Down as Bumble Chief

Michael Gordon, the godfather of editorial hairstylists, has left the building.

clock November 17, 2006Andrea Nagel

Financial

Estee Lauder Taps Donald Robertson For Creative Post

The Estee Lauder Cos. has recruited Donald Robertson as a creative force for its flagship brand.

clock November 17, 2006Molly Prior

Paul Finkelstein

Fashion Features

Aveda Founder Teams With Regis on Organic Venture

Rechelbacher seems determined to help create a sustainable ecosystem.

clock November 17, 2006Pete Born and Andrea Nagel

EasyStraight's new products.

Fashion Features

EasyStraight Products Address Frizz

EasyStraight, the brand that brought a straightening kit to the masses, plans to intensify its battle against frizz this spring with four new products, ramped-up distribution and a fresh look.

clock November 17, 2006Michelle Edgar

Select Aussie items from the new collection.

Fashion Features

Aussie Tries Fresh Look to Boost Business

Aussie will be ringing in the New Year with a new look, as the Australian hair care brand introduces four new collections this January, along with repackaging and reformulations.

clock November 17, 2006Michelle Edgar

Pert Plus shampoos.

Fashion Features

Pert Plus Readies for Second Coming

Can ghost brand Pert Plus be brought back to life?

clock November 17, 2006Rachel Brown

Select items from Avon's spring collection.

Fashion Features

Dempsey Gives Avon Color Touch-up

Celebrity makeup artist Jillian Dempsey is giving Avon’s core color franchise a makeover next year in an attempt to turn the cosmetics giant into a beauty authority, strengthening its position globally.

clock November 17, 2006Michelle Edgar

Fashion Features

Snippets: A Beautifying Institute … Goodbye, Hello … Frequent Spa Goers Get Rewarded …

Last month’s opening of Institute Beaute was yet another sign of the move toward more noninvasive procedures in the beauty world.

clock November 17, 2006WWD Staff

Media

Memo Pad: Dior’s New Face … A Private Reader … Guilty Verdict

Change is in store at Christian Dior — in the advertising department, at least.

clock November 17, 2006WWD Staff

Fashion Features

Loro Piana to Launch Upholstery

Thanks to a new business unit called Loro Piana Interiors, cashmere fans can now sit on the luxurious fabric.

clock November 17, 2006Alessandra Ilari

Dresses by Pierre Cardin in front of a print by Zandra Rhodes.

Fashion Features

Fashion of a Different Color at FIT

Quick, think pink.

clock November 17, 2006Venessa Lau

Ambassador Raymond Joseph and his nephew, Wyclef Jean.

Fashion Features

Wyclef Hits Capitol to Push Haiti Bill

The world of music, politics and fashion collided on Capitol Hill Wednesday.

clock November 17, 2006Kristi Ellis

Bloomingdale's in Chestnut Hill showcases Burberry and other designer brands.

Retail

Bloomingdale’s Boosts Designer Game Plan

Bloomingdale’s sells more designer merchandise in this village near Boston than anywhere else except its Manhattan flagship.

clock November 17, 2006David Moin

Pucci designs.

Fashion Features

Pucci Honors Namesake for 60th

Pucci will celebrate its 60th anniversary next year with the launch in February of a limited-edition collection of four iconic designs from the company’s archives that were personal favorites of Emilio Pucci.

clock November 17, 2006Luisa Zargani

A Jacques Fath sketch to be auctioned by Neiman Marcus.

Fashion Features

Neiman’s Catalogue Offers Fath’s Legacy

Neiman Marcus is selling a piece of history by offering volumes of Jacques Fath’s sketches and three couture dresses for $3.5 million in its holiday catalogue, but how those items got there is a story in itself.

clock November 17, 2006Rosemary Feitelberg

Thakoon sunglasses.

Fashion Features

Thakoon Goes Classic With Sunglasses

Thakoon has set its sights on the eyewear business.

clock November 17, 2006Jennifer Hirshlag

Paul Pressler

Retail

Gap Inc. Still Struggling: Slow Turnaround Seen As Net Declines 10.8%

The comeback at Gap Inc. remains a work in progress.

clock November 17, 2006Jeanine Poggi

The DKNY flagship in Tokyo.

Retail

DKNY Offers Full Range in Japan

DKNY has opened its first flagship in Japan here offering its full range of women’s and men’s wear, as well as home goods and the Pure DKNY line.

clock November 17, 2006Tsukasa Furukawa

Financial

New York & Co. Net Doubles

New York & Co. Inc. said on Thursday that third-quarter earnings more than doubled, aided by better sell-through rates and disciplined inventory and expense management.

clock November 17, 2006Jeanine Poggi

Financial

Wet Seal Turns Profit in Third Quarter

Wet Seal Inc. on Thursday reported a third-quarter profit compared with a loss last year as consumers responded positively to merchandise offerings through the fall season.

clock November 17, 2006Jeanine Poggi

Molly Sims and Mischa Barton

Fashion Features

Fashion Scoops: High Times … Valentino’s Close-Up … Three of A Kind …

Couture may be waning, but the Chambre Syndicale continues to encourage certain ready-to-wear designers to join the high-fashion party.

clock November 17, 2006WWD Staff

Financial

Women’s Retail Apparel Prices Drop in October

Retail prices on women’s apparel fell a seasonally adjusted 1.9 percent in October, though prices are still up 0.6 percent for the year so far, the Labor Department reported Thursday in the Consumer Price Index.

clock November 17, 2006Evan Clark

Fashion Features

Fendi Hits India

Fendi will inaugurate its first store in Mumbai, India, on Friday.

clock November 17, 2006Alessandra Ilari

Essentialist

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