Wal-Mart CEO Warns Over U.S. Debt Default

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Overview

The Aug. 2 deadline to raise the nation’s debt ceiling cast a pall over markets Wednesday, driving the Dow Jones Industrial Average down 198.75 points.SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue

Business Features

Puma Profits Up Double Digits

Sporting goods firm says it is on track to meet target of 3 billion euros, or $4.31 billion, in sales in 2011.

clock July 27, 2011Katya Foreman

A look from Zoo York

Business Features

Iconix Moves to 100% Stake in Zoo York

Profits expand nearly 70% in second quarter on 17.5% revenue boost.

clock July 27, 2011Arnold J. Karr

Wes Card

Business Features

Lower Jones Net Tops Estimates

The company took a more upbeat view about prices and supply for the future.

clock July 27, 2011Vicki M. Young and Arnold J. Karr

John Ermatinger

Designer and Luxury

Tommy Hilfiger Group Taps Asia CEO

The company today named John Ermatinger chief executive officer of the group’s Asia business, a newly created role.

clock July 27, 2011Marc Karimzadeh

A view of the Costume Institute's "Alexander McQueen: Savage Beauty" exhibit.

Fashion Scoops

Met to Extend Hours on Final Weekend of McQueen Exhibit

On Aug. 6 and 7, the Costume Institute will stay open until midnight to accommodate for a final rush of visitors.

clock July 27, 2011WWD Staff

The interior of Q Custom Clothier.

Textiles

Q Custom Clothier Sets Expansion

New Houston unit will bring together custom clothing with contemporary concept.

clock July 27, 2011Holly Haber

Financial

Aeffe Narrows Loss

More efficient operations, a cost-cutting strategy and growth in all geographical markets except the U.S. helped the company.

clock July 27, 2011Luisa Zargani

Government and Trade

Feds Crack Illegal Import Scheme

Nine indicted on array of charges in Los Angeles including federal smuggling, money laundering and wire fraud violations.

clock July 27, 2011Arthur Friedman

Mike Duke in Washington, D.C.

Business Features

Wal-Mart CEO Warns Over U.S. Debt Default

Mike Duke urged lawmakers to lower the corporate tax rate, that a lower tax burden will help create jobs.

clock July 27, 2011Kristi Ellis

Edition01.com’s Jessica Wilpon Kamel and Estefania Lacayo.

Media

Niche Luxury E-Commerce Site Edition01.com to Launch

The site was will feature capsule collections by luxury designers.

clock July 27, 2011Jessica Iredale

Brioni Men's RTW Spring 2012

Designer and Luxury

PPR, Brioni Said Nearing Possible Deal

Italian men’s label could bring close to $400 million.

clock July 27, 2011Luisa Zargani and Joelle Diderich

A rendering of Eileen Fisher's Covent Garden unit.

Retail

Eileen Fisher’s British Play

The $310 million women’s sportswear brand plans to unveil two stores in London this fall.

clock July 27, 2011Lisa Lockwood

People

Man of the Week: John Boehner

The House Speaker should consider raising his own fashion ceiling.

clock July 28, 2011WWD Staff

Arnold Scaasi and Parker Ladd en route to a Fourth of July party they hosted in Capri in 1961.

Fashion Scoops

Arnold Scaasi and Parker Ladd Wed… Departure at J. Crew…

Friends old and new turned up at Le Cirque to raise a glass to Arnold Scaasi and Parker Ladd, who made their 50-year union official on Tuesday.

clock July 28, 2011WWD Staff

Issa’s cotton pair shown with Jenni Kayne’s nylon poncho and Olcay Gulsen’s silk jersey top. Miansai by Michael Saiger necklace and bracelets; Alexander Wang shoes.

Fashion Trends

Resort 2012 Trend: Go Big

Whether in brights or whites, pleats or patterns, pants are hanging loose for resort.

clock July 28, 2011Mayte Allende

Ready To Wear

Retailers in the Southeast Take a Contemporary Turn

Attendees at The Cobb Show in Atlanta were shopping mostly for back-to-school immediates and fall.

clock July 28, 2011Brenda Lloyd

The Allure.com homepage.

Media

Memo Pad: The Allure of Shopping… L’Oréal, Twice Bitten…

On Wednesday, Allure.com launched e-commerce through Quidsi, the parent of Soap.com and BeautyBar.com.

clock July 28, 2011WWD Staff

A sketch of the Streets of Georgetown store.

Retail

HMX Group to Launch New Line, Retail Concept

Apparel manufacturer to debut Streets, a store that will bring together all of its brands, and a new Scottish-themed line called Reid & Taylor.

clock July 28, 2011Jean E. Palmieri

A rendering of one of the Rainforest stores in China.

Retail

Rainforest to Open Two Stores in China

The New York-based high-end outerwear company will have units in Hangzhou and suburban Beijing by the end of September.

clock July 28, 2011Jean E. Palmieri

Essentialist

Today's Must Read

Something Navy's Arielle Charnas in Bandier's exclusive Something Navy x Monrow collection.

Fashion

Bandier Bets on Exclusives, Bloggers to Grow Activewear Biz

clock 5hRachel Strugatz

Social Studies