Bad News Flows On: Two More Retailers Hit Financial Crunch

No cover image


The retail shakeout continues. Once high-flying Steve & Barry's University Sportswear is scrambling to raise $30 million in financing — and is up against increasingly difficult odds.

From This Issue

Marc Bouwer Glamit

Fashion Features

‘Femme’ Nomination Sends a Vote of Retail Confidence

The 25 nominees for the 33rd annual Dallas Fashion Awards represent a diversity of styles, but all have one thing in common: They know that taking home the…

clock June 24, 2008Rusty Williamson

Michael Kors

Designer and Luxury

Michael Kors Unplugged at Arts Club

Over the past 27 years, Michael Kors has weathered the pratfalls that go along with building a $500 million business, and he’s not afraid to laugh about them.

clock June 24, 2008Rosemary Feitelberg

Nicole Kidman in the Catherine Martin-designed gown.


Market Basket: Kidman In Vogue At BG… Dressing Obama…

Many women try to emulate Nicole Kidman’s style, and now Bergdorf Goodman is giving them the chance to duplicate it.

clock June 24, 2008Rosemary Feitelberg

Fashion Features

Charities Deal With Economy

Escalating energy costs, the real estate meltdown and climbing food prices have many Americans tightening their spending, and charitable donations, but…

clock June 24, 2008Rosemary Feitelberg

Fashion Scoops

Fashion Scoops: Dior Encore… Janet Wear… Liz’s New Look…

Fashion’s favorite First Lady Carla Bruni-Sarkozy does seem to adore Dior.

clock June 24, 2008WWD Staff

Pakalitha Mosisili

Government and Trade

Lesotho Prime Minister Seeks Broader Exports

Prime Minister Pakalitha Mosisili of Lesotho, a poor sub-Saharan African nation, said his country needs to diversify away from its heavy dependence on…

clock June 24, 2008John Zarocostas

Government and Trade

Report Ranks Nations’ Trade Policies

Developing countries that are major textile and apparel exporters, such as China, India and Vietnam, are lagging behind on removing barriers to enhance the…

clock June 24, 2008John Zarocostas

Invista's new ad campaign launching next spring.

Marketing and Promotion

Invista Rolls Out Latest Coolmax Ads

Invista has unveiled the latest installment in the ad campaign promoting its Coolmax moisture-wicking fabric.

clock June 24, 2008Khanh T.L. Tran


The Fiber Price Sheet

The last Tuesday of every month, WWD publishes the current, month-ago and year-ago fiber prices.

clock June 24, 2008WWD Staff

An eco-trend area at Pitti Filati.


Pitti Filati Mills Focus on Color, Organics

European spinners preparing to exhibit at next week’s Pitti Filati fair in Florence are banking on new and enlarged color palettes to ensure a strong second…

clock June 24, 2008Kerry Olsen

Todd & Duncan will add 57 colors to its range.


The Color Parade

European mills exhibiting at next week’s Pitti Filati textile show are looking to challenge a tepid sales environment by getting bold with color for the…

clock June 24, 2008WWD Staff

Claudia Schiffer


Memo Pad: L’Uomo Vogue Turns 40… Cover Turn… The Winning News…

Vogue Italia editor in chief Franca Sozzani rolled out the red carpet for a party at Palazzo Litta on a balmy night in Milan Sunday to fete 40 years of…

clock June 24, 2008Ellen Groves and Irin Carmon and Stephanie D. Smith and Andrew Roberts

Steve & Barry's University Sportswear


Bad News Flows On: Two More Retailers Hit Financial Crunch

The retail shakeout continues. Steve & Barry’s University Sportswear is scrambling to raise $30 million in financing.

clock June 24, 2008Sharon Edelson and Vicki M. Young and David Moin and Jeanine Poggi

Dawidh di Firmo

Human Resources

Ballantyne Taps Creative Head

Ballantyne has appointed its first creative director: Dawidh di Firmo, who previously was senior designer at Prada for women’s wear.

clock June 24, 2008Luisa Zargani

Musc Botanique by Strange Invisible Perfumes.

Beauty Features

Musc Botanique Looks to Capture ‘Animalistic Quality’….

For her newest scent, called Musc Botanique, Strange Invisible Perfumes founder Alexandra Balahoutis focused on one note — musk — with a…

clock June 24, 2008Rachel Brown

A look from Kira Plastinina.


Kira Plastinina Takes L.A.

The teenage Russian designer punctuated her U.S. retail drive with a fashion show and launch celebration here this month.

clock June 24, 2008Anne Riley-Katz

Mergers and Acquisitions

Blancpain in Deal for Vincent Calabrese

Consolidation continues in Switzerland’s high-end watch industry.

clock June 24, 2008Robert Murphy


Fashion Features

Feminine Persuasion

From architecture to theater, when it comes to a designer’s entrée into the industry, anything goes.

clock June 24, 2008WWD Staff

Here, one example, an embroidered cotton and silk dress with a cotton jersey inset.

Designer and Luxury

Orange Blossom

Remember the old Johnny Mathis song “Wild Is the Wind”? Now that ditty also has influenced a couple of Chicago designers, Shane Gabier and Christopher Peters.

clock June 24, 2008WWD Staff

Laura Comfort


Making a Racquet

“Hold on, I need to take a picture of Spiderman,” said Maria Hatzistefanis as her son Aris, his face painted to look like the superhero, mugged for the camera.

clock June 24, 2008WWD Staff

Mabrouk El Mechri


American Dream

Some people feel they should have been born in another era, but French director Mabrouk El Mechri thinks he should have been born in a different country.

clock June 24, 2008Chantal Goupil

The bar at James.


Feast for the Eye

The new restaurant James in Prospect Heights is the kind of neighborhood joint that could make even a Manhattan dweller wish they lived across the river so…

clock June 24, 2008Emily Holt

Victoria and Vanessa Traina.


Eye Scoop

The City of Light recently added two more well-dressed gamines to its roster. Speculation is that the ever-stylish sisters Victoria and Vanessa Traina are…

clock June 24, 2008WWD Staff

Views of Tom Ford's Milan flagship.

Designer and Luxury

Tom Ford Returns to Milan

Tom Ford’s new flagship here in Italy’s fashion capital marks a homecoming of sorts.

clock June 24, 2008Alessandra Ilari

A rendering of the Mall at Oyster Bay.

Real Estate

Plans for Upscale Mall at Oyster Bay Resume

Taubman Centers’ long-delayed Mall at Oyster Bay in Oyster Bay, N.Y., is closer to becoming a reality.

clock June 24, 2008Sharon Edelson

Business Features

In Brief: Jones Buys Interest In Licensee… Ann Taylor Stake… Jimmy Choo To Open In Ginza…

Jones Apparel Group Inc. has acquired a minority interest in GRI Group Ltd.

clock June 24, 2008WWD Staff


Today's Must Read

First lady Melania Trump boards a plane at Andrews Air Force Base, Md., to travel to TexasMelania Trump, Andrews Air Force Base, USA - 21 Jun 2018


First Lady's Jacket Causes Uproar, But Her Stylist Never Saw It Before

clock 8hRosemary Feitelberg

Social Studies