Retailers Cut Deeper, Slashing Inventories As Comp Sales Plunge

No cover image


Credit jitters collided with already anemic consumer demand and even a trio of hurricanes to send September same-store sales results to their low point for the year.SEE LIST AT LEFT FOR ALL OF TODAY'S ARTICLES

From This Issue

Shirley MacLaine


Celeb Moms Headline Women in Hollywood Dinner

The event at the Four Seasons Beverly Hills on Monday night looked more like a meeting of the hot moms club.

clock October 7, 2008WWD Staff


September Sales Miss the Mark

Retailers cut deeper, slashing inventories as comp sales plunge.

clock October 8, 2008Alexandra Steigrad and Evan Clark and Liza Casabona

Millennium Park, home to Chicago Fashion Week.


Chicago Retail Outlook: Land of Opportunity

Despite the economy, retailers are still heading to Chicago.

clock October 9, 2008Beth Wilson

A dress by Jeanne Lanvin from 1927 at the Chicago History Museum.


Letter From Chicago: Scene

Food, nightlife and other things to do in Chicago.

clock October 9, 2008WWD Staff

Government and Trade

Chicago: Vital Stats

Population… Local unemployment rate… National unemployment rate…

clock October 9, 2008WWD Staff

Chicago’s Dress Code fashion show featured styles by student designers.

Fashion Features

Chicago Fashion Week Draws Large Audience

The tanking stock market and vice presidential debates did little to deter local fashion lovers from flocking to Chicago’s fourth annual fashion week.

clock October 9, 2008Beth Wilson

Paige Premium Denim’s new store in Las Vegas’ Grand Canal Shoppes at the Venetian.

Designer and Luxury

Paige Premium Denim Punches Up Retail in Vegas

Paige Premium Denim opens new stores to counter the economic downturn.

clock October 9, 2008Khanh T.L. Tran

Organic flares at Monkee Genes.


Monkee Genes Denim Label Takes Organic Route

Monkee became the first denim label to obtain the U.K.?s highly respected Soil Association organic certification in July.

clock October 9, 2008Ellen Groves

Julie Macklowe


Eye Postcard: Julie Macklowe From Paris

“As I return to New York after a girls’ weekend in Paris with my friends, I reminisce about our first day there: Chanel, Hermes and Valentino shows.”

clock October 9, 2008WWD Staff

Princess Gloria von Thurn und Taxis and Lee Radziwill


Tea Time at Bergdorf Goodman

Princess Gloria von Thurn und Taxis launch her new epicurean line at Bergdorf Goodman with a high tea.

clock October 9, 2008WWD Staff


Target Revamps Ads… Quincea&#241era Magazine Launch… Bauer Sets Up Shop…

Target’s advertising recently has been as stylish as its guest designer products, often more so.

clock October 9, 2008WWD Staff

Business Features

IMG, Smashbox Dissolve Partnership

Spring LA Fashion Week to be the last one.

clock October 9, 2008Marcy Medina

Eileen Fisher speaking in Chicago.


Eileen Fisher’s Peaceful, Profitable Process

The bridge designer talks in Chicago.

clock October 9, 2008Beth Wilson

Business Features

Armani Casa Expands… Cygne Chairman Resigns… EU Shopping Legislation…

Giorgio Armani said Wednesday he plans to open three Casa stores in Dubai, Jakarta and Bahrain by the end of 2008.

clock October 9, 2008WWD Staff

Alberta Ferretti

Fashion Trends

Spring 2009 RTW Trend: On the Fringe

For spring, Alexander McQueen was inspired by Charles Darwin?s premise of natural selection.

clock October 9, 2008WWD Staff

Some feel retailers that cater to younger customers, such as Topshop, will be better insulated from the crunch.


European Retailers Stay Upbeat

Stores optimistic about holiday.

clock October 9, 2008WWD Staff


Daily Stock Wrap

The days best and worst performers.

clock October 9, 2008WWD Staff

Elie Tahari, Diane von Furstenberg, Rory Tahari and Steven Kolb.

Fashion Features

Taharis Welcome New CFDA Members

Peter Som’s assessment of the lively CFDA party at Elie and Rory Tahari’s SoHo home Tuesday night couldn’t have been more spot-on.

clock October 9, 2008Rosemary Feitelberg and Marc Karimzadeh

Business Features

Sun Breaks Off Two Divisions From Kellwood

Kellwood Co.’s portfolio continues to slim down, as the company confirmed it will no longer license the bridge-priced ck Calvin Klein line.

clock October 9, 2008Whitney Beckett

Gilles Andrier, Givaudan chief executive officer.


Givaudan Sales Slip

Swiss flavors and fragrance supplier Givaudan posted third-quarter sales that were down 4.2 percent to 1.05 billion Swiss francs, or $984.8 million.

clock October 9, 2008Brid Costello


Douglas Perfumeries Revenues Rise

Douglas Group said Wednesday that annual revenues at its Perfumeries division were up 8.8 percent to 1.83 billion euros, or $2.75 billion at average exchange.

clock October 9, 2008Melissa Drier


U.S. Prestige Beauty Biz Stabilizing

Second-quarter prestige beauty sales rebounded in the U.S. from first-quarter declines, and first-half volume totaled $3.8 billion.

clock October 9, 2008Matthew W. Evans


Today's Must Read

Jimmy Choo L'Eau


Interparfums SA Sales Gain 29% in H1

clock 11hJennifer Weil

Social Studies