Black Friday Hangover: Retail Shares Plummet In Biggest Decline Ever

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Overview

Investors focused on the impact of Black Friday markdowns on fourth-quarter profits and pushed retail shares down a record-breaking 9.3 percent on Monday.SEE LIST AT LEFT FOR ALL OF TODAY'S ARTICLES

From This Issue

Claudia Schiffer for YSL

Media

Schiffer Hits Hollywood Hills for YSL

Yves Saint Laurent took Claudia Schiffer up to the iconic Hollywood Hills in Los Angeles for its spring advertising campaign.

clock December 1, 2008WWD Staff

Louis Vuitton RTW Spring 2009

Financial

Vuitton, Dior to Lower Prices in Japan

Louis Vuitton KK said it reduced prices on average 7 percent on leather goods, accessories, ready-to-wear, shoes, watches and jewelry.

clock December 1, 2008Miles Socha

Shoppers zero in on Black Friday bargains.

Financial

Retail Shares Plummet In Record Decline

S&P Retail Index drops 9.3% in first trading day after Black Friday.

clock December 2, 2008Evan Clark

Sarah Mellon in Oscar de la Renta.

People

Celebrities Crowd the Crillon

It was a family affair at the annual debutante ball at the Crillon Hotel in Paris, which this year raised money for children’s diabetes charities.

clock December 1, 2008Natasha Montrose

The scene at Cosmoprof Asia.

Beauty Features

Cosmoprof Asia Visitors Search for Economic Footing

Cosmoprof Asia wrapped up its three-day run Nov. 12 to 14 as beauty industry executives faced the prospect of a global recession with determined optimism.

clock December 2, 2008Suzanne Harrison

Color Cosmetics

EU Loosens Duty Free Guidelines

Travelers entering the European Union will be allowed to carry more personal-use items in their luggage than was permitted under the previous statute.

clock December 2, 2008Jennifer Weil

Unions like UNITE HERE are targeting the retail and manufacturing sectors.

Government and Trade

Business Coalition Opposes Union Organizing Bill

Labor groups and the business community to square off over a bill that would make it easier for workers to unionize.

clock December 2, 2008Kristi Ellis

Reducing and reusing wastewater at factories can lower costs and environmental impact.

Textiles

Environmental Approach Key to Industry Sustainability

Pressure on brands and retailers to invest in lowering their environmental impact will mount despite weakening economic conditions.

clock December 2, 2008Ross Tucker

An L.L. Bean ensemble.

Ready To Wear

Outerwear Makers Focus on Innovation and Marketing to Drive Sales

Outerwear makers are placing a greater emphasis on fashion and innovative marketing to generate sales next year.

clock December 2, 2008Rosemary Feitelberg

Protesters in Bangkok have impacted retail.

Retail

Thailand Demonstrations Hit Retailing

Political demonstrations that have closed Bangkok’s airport for almost a week and traumatized Thailand’s tourism industry promise to derail retail profits.

clock December 2, 2008Joyce Barrett

Business Features

Labor Groups Release Sweatshop-Free Guide

Two labor rights organizations released a consumer guide for companies that produce and sell sweatshop-free merchandise.

clock December 2, 2008Liza Casabona

Maria Grazia Chiuri and Pier Paolo Piccioli

Markets

Surviving 2009: A Look at Fashion’s Challenges and What’s Ahead

Turbulence in overseas markets, a designer shakeout and Michelle Obama’s wardrobe are hot topics for 2009.

clock December 2, 2008WWD Staff

Scott Barnhill

People

A Model Takes the Mike

The model-slash-actress is a hackneyed trope of the fashion world, but what about male-model-slash-musician?

clock December 2, 2008Natasha Montrose

A still from an Adidas commercial.

Media

Memo Pad: Adidas’ Big Spend… Wintour’s Palace Jaunt… Pringle’s New Guard…

Adidas is launching a global campaign… Anna Wintour made a trip… Pringle of Scotland has tapped a troika of trans-Atlantic “It” girls…

clock December 2, 2008WWD Staff

The Armani hotel under construction in Milan.

Business Features

Armani Hotel to Fit Milan’s Spirit

Construction on Giorgio Armani’s hotel here is under way and the scaffolding put up to cover the works provides an idea of what the hotel will look like.

clock December 2, 2008Luisa Zargani

Retail

Medical Examiner Finds Wal-Mart Guard Died of Asphyxia

A preliminary report from the Nassau County medical examiner found that a Wal-Mart Stores Inc. security guard died of positional asphyxia.

clock December 2, 2008Sharon Edelson

The Ray-Ban Clubmaster.

Eyewear

Ray-Ban to Relaunch Clubmaster Sunglasses

Ray-Ban hopes the Clubmaster will fuel the same retail fire as the Wayfarer when it resurfaced in 2006.

clock December 2, 2008Caroline Tell

Financial

Delia’s Post 3Q Profit on Sales Hike

Delia’s picks up over $100M from sale of CCS skateboard catalogue business to Foot Locker.

clock December 2, 2008Matthew Lynch

Financial

Coldwater Creek Reduces Loss

Higher-than-expected cuts in costs helped Coldwater Creek Inc. shrink its third-quarter loss and beat analysts’ expectations despite sharp declines in sales.

clock December 2, 2008Alexandra Steigrad

Financial

Tween Brands Drops to 3Q Loss

Preteen apparel retailer Tween Brands Inc. withdraws guidance in light of ‘opaque’ conditions.

clock December 2, 2008Alexandra Steigrad

The bra salon.

Retail

Victoria’s Secret Goes Beyond Sexy

Victoria’s Secret knows sex sells. But there’s a deeper message at the megabrand’s new Manhattan flagship on Lexington Avenue and 58th Street.

clock December 2, 2008David Moin

Look from the Loomstate for Target collection.

Retail

Rogan Gregory’s Encore: Loomstate for Target

Target, with a vision towards the future in eco-friendly fashion, has enlisted Loomstate designer Rogan Gregory for a second collection.

clock December 2, 2008Sharon Edelson

Liberty for Topshop

Fashion Scoops

Fashion Scoops: Kate Moss Takes Liberty… Marni Men to Skip Catwalk…

It looks like Kate Moss’ collection for Topshop will take a floral turn for spring… And don’t expect to see the Marni man on the catwalk in January…

clock December 2, 2008WWD Staff

Special offers dominated cyberspace Monday.

Retail

Cyber Monday Expected to Ring Up Sales

Online shopping strong despite news of recession.

clock December 2, 2008WWD Staff

Pages from Emilio Pucci.

Retail

Luxe Brands Soar Online

Consumers may be slamming their wallets shut during the economic crisis — but not their laptops.

clock December 2, 2008WWD Staff

National security team nominees: Eric Holder, Gov. Janet Napolitano, Robert Gates, Sen. Hillary Clinton, retired Gen. James Jones, and Susan Rice.

Government and Trade

Obama Sets Team to Take on Trade, Security

President-elect Barack Obama named Hillary Rodham Clinton and Janet Napolitano to his cabinet on Monday.

clock December 2, 2008Kristi Ellis

Financial

Daily Stock Wrap

Daily Stock Wrap

clock December 2, 2008WWD Staff

Essentialist

Today's Must Read

Fashion

U.S. Embassy Hosts Pop-up Shop for Haitian-American Entrepreneurs

clock May 26, 2017Rosemary Feitelberg

Social Studies