The New Year’s Blahs: Retail Shares Decline On Downbeat Outlook

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On 2008's first day of trading, retail shares fell sharply as oil prices reached $100 a barrel for the first time ever. And after 12 months of steep erosion in the value of retail shares, this year is looking like it will be even more of an uphill battle.

From This Issue


More Data Safety Issues Expected in Year Ahead

Last year was an embarrassing one for business in terms of safeguarding personal data, and companies, including retailers, are bracing for another rocky year in 2008.

clock January 3, 2008Denise Power

Anne Hathaway

Beauty Features

Beauty Beat: Minnesota Bans Mercury From Cosmetics, Scents

Taking the better-safe-than-sorry route, Minnesota is banning mercury from cosmetics, toiletries and fragrances.

clock January 3, 2008WWD Staff



Memo Pad: Forget Iowa, Look at Kansas… Fast Mover… No Law for Now…

The Iowa caucus today makes it officially an election year, and over at Vogue, that means ramped-up political coverage.

clock January 3, 2008WWD Staff


Legal Briefs

According to a Dec. 22 statement by the U.S. Attorney’s Office in Manhattan, Michael Bodner was arrested and charged with stealing more than $4 million from his former employer.

clock January 3, 2008Liza Casabona


Erin Snow to ‘Pop Up’ at Sundance

Erin Snow is dabbling in retail for the first time with a pop-up store at the Sundance Film Festival.

clock January 3, 2008Whitney Beckett


Firm of Former Retail Exec Acquires Stake in Hanover

Shawn Zachary Design Inc., an investment group formed by former retail executive Zachary Belil, last month acquired a 49 percent stake in Hanover Industries for an undisclosed sum.

clock January 3, 2008Vicki M. Young


Innovation Next Step for China

With its vast low-cost labor force and a consuming 20-year thirst for economic growth, China was a natural to become the world’s factory. Now its central government faces the new, vastly more difficult challenge of making China a global innovator.

clock January 3, 2008Kathleen E. McLaughlin



Subliminal Messages

Top 10 network prime-time TV programs ranked by number of product placement occurrences from Jan. 1 to Nov. 25, 2007.

clock January 3, 2008Cecily Hall

Shine, owned by designer Alice Dahan, favors a monochromatic theme.

Fashion Features

Designers Amp Up Tel Aviv’s Electric District

When Nait Rosenfeld opened her clothing boutique, Nait, in Tel Aviv’s Gan Hahashmal in 2002, she was something of a pioneer. At the time, she was the only designer in the southern Tel Aviv neighborhood, which was home to mostly electrical supply…

clock January 3, 2008Jessica Steinberg


Pedder Red Launches New Retail Concept in Hong Kong

Pedder Red, the private label division of Pedder Group, has opened its first flagship in Hong Kong’s Central District.

clock January 3, 2008Constance Haisma-Kwok

J. Crew impressed with a 25 percent stock gain for 2007.


The New Year’s Blahs: Retail Shares Decline On Downbeat Outlook

It’s a new year, but the same old stock market story.

clock January 3, 2008Jeanine Poggi

Josh Sparks in his New York office with Imitation of Christ's lead designer Kasia Bilinski.

Fashion Features

Lending Contemporary Brands a Hand

Josh Sparks had a full plate but that didn’t stop him from launching a new business.

clock January 3, 2008Julee Kaplan

Fashion Features

Betsey Bundles Up

Betsey Johnson will have no problem keeping warm this fall.

clock January 3, 2008Julee Kaplan

Smaller brands such as Anloand Hudson also performed well.


Holiday Season Proves Positive for Premium

Specialty stores saw no evidence of a consumer slowdown when it came to premium denim this holiday season.

clock January 3, 2008Ross Tucker

Looks from Pur Premium Denim.

Fashion Features

Yong Makes a ‘Pur’ Play

Hae Yong is making the transition from denim manufacturer to premium label owner with the launch of Pur Premium Denim.

clock January 3, 2008Ross Tucker


The Ones That Got Away

The jet set may have taken a respite from movie sets or design studios during the holidays, but it seems there’s no such thing as a vacation from personal style (save, perhaps, a be-snorkled Linda Evangelista).

clock January 3, 2008WWD Staff

Post-Christmas traffic at International Plaza in Tampa, a property of Taubman Centers.


Anxiety Persists Despite Post-Christmas Lift

Post-Christmas clearances and gift card redemptions have brought some relief to retailers’ holiday hangovers.

clock January 3, 2008David Moin

Fashion Features

Golden Globes in Talks to Go On

The Hollywood Foreign Press Association, owner of the Golden Globes, is in talks about a deal to let the award show proceed as planned on Jan. 13 despite the Hollywood writers’ strike.

clock January 3, 2008Amanda Meadus


Americans Abroad Feeling the Pinch

While the Brits, French and Italians race through U.S. department stores, flaunting their almighty pounds and euros and filling their shopping bags with bargains, Americans visiting Europe are feeling like paupers.

clock January 3, 2008Samantha Conti


In Brief: Honorable Brits… Kenneth Cole Donates…

Another round of British fashion figures has been honored in Queen Elizabeth II’s New Year Honors list. Stuart Rose, chief executive of Marks & Spencer, has been awarded a knighthood for services to the retail industry and corporate social…

clock January 3, 2008WWD Staff


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