Second-Half Outlook Gets Gloomy at Retail

No cover image


The second-half storm clouds are gathering. Consumer incomes are weak, the stock market is starting to look overvalued and apparel retailers have inventory piling up. SEE LIST BELOW FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue


William Ackman’s Pershing Square Takes $450M Penney’s Loss

The pricing at $12.90 a share is a 47.3 percent drop from the average purchase price of $24.50.

clock August 27, 2013Vicki M. Young

The Tiffany & Co blue box


China Boosts Tiffany & Co. Profits

The jeweler posted a 16.3 percent rise in second-quarter income Tuesday and raised its full-year outlook.

clock August 27, 2013Alexandra Steigrad

A visual from the Billabong World of Adventure campaign.


Billabong Posts $776M Fiscal-Year Loss

The surfwear manufacturer’s core brand is now valued at zero — and its board forced to consider a last-minute alternative refinancing deal.

clock August 27, 2013Patty Huntington

Lily Collins in Movado's fall campaign.


Movado Profit Up, Guidance Raised

Stronger watch sales and a tax benefit bolstered its second-quarter profit 55.6 percent.

clock August 27, 2013Alexandra Steigrad

Adam Selman and a look from his spring collection.

Designer and Luxury

NYFW Newcomers: Adam Selman

The designer’s presentation at the Algus Greenspon Gallery on Sept. 5 will be among one of the smaller venues in which his designs have made their debut.

clock August 28, 2013Jessica Iredale

Silhouette of designer John McMullin in background of Toto Koopman modeling dress by him, August 1933.


Model Turned Spy Toto Koopman’s Story Rediscovered in New Tome

“The Many Lives of Miss K.: Toto Koopman — Model, Muse, Spy” tells of the haute couture model who became a spy for the Allies.

clock August 27, 2013Lorna Koski


Kayser-Roth Invests $28M for Made in America, Wal-Mart Commitment

Kayser-Roth president and ceo Kevin Toomey hopes the initiative will spark new jobs in the U.S.

clock August 27, 2013Karyn Monget

Government and Trade

Authorities Seize $5.1M in Counterfeit Goods

Two separate operations in New Jersey and Los Angeles snagged bogus watches, sunglasses and other consumer goods.

clock August 27, 2013Kristi Ellis


Levi’s Names Management Team

Jennifer Sey has been promoted to global chief marketing officer and Karyn Hillman has been named chief product officer at the Levi’s brand.

clock August 27, 2013Arnold J. Karr

One Direction


‘One Direction: This Is Us’ Premieres in New York

Held at the Ziegfield Theater, the premiere garnered a massive crowd, which included Stephen Baldwin, Perez Hilton and Madeline Brewer.

clock August 27, 2013Lauren McCarthy

Rod McGeachy

Human Resources

Rod McGeachy Resigns From Tandy Brands

Roger Hemminghaus, lead independent director, has been named interim ceo.

clock August 27, 2013Arnold J. Karr

Muhammad Yunus

Business Features

Muhammad Yunus Presses for Change in Bangladesh

On Tuesday the Bangladeshi banker and economist was awarded the 2013 National Human Rights Award from the Bangladesh Human Rights Commission.

clock August 28, 2013Mayu Saini

Simon Miller


Citizens of Humanity Names Simon Miller, Catherine Ryu to Creative Posts

Miller and Ryu are the denim brand’s new creative directors for men’s and women’s, respectively.

clock August 28, 2013Rachel Brown

A rendering of H&M's flagship in Herald Center.


H&M’s Largest Store Set for Herald Center

The new four-level flagship will take the title of biggest store in the world from a previously revealed unit opening on Fifth Avenue and 48th Street.

clock August 28, 2013Sharon Edelson


Second-Half Outlook Gets Gloomy at Retail

A WWD study of analyst projections for 21 major retailers showed that Wall Street expects second-half EPS to fall 1.8 percent versus a year earlier.

clock August 28, 2013Evan Clark

Nellie Partow and a look from her spring collection.

Designer and Luxury

NYFW Newcomers: Nellie Partow

The designer’s first official fashion week presentation is scheduled for Sept. 10 at The Standard as part of Milk Made.

clock August 28, 2013Marc Karimzadeh

Chris Gelinas with a model in a look from his launch CG collection.

Designer and Luxury

NYFW Newcomers: CG

Chris Gelinas’ first collection makes an impressive case for combining innovative fabrics and technology with classic, feminine shapes.

clock August 28, 2013Marc Karimzadeh

A still from an episode of "The Pitch" featuring Tommy Bahama.


Tommy Bahama to Be Featured on AMC’s ‘The Pitch’

The series chronicles advertising agencies as they pitch brands for their business.

clock August 28, 2013Jean E. Palmieri

Andre Leon Talley


André Leon Talley to Sit for Interview at 92Y

The front-row regular will talk about his storied career Oct. 8 as part of the Upper East Side center’s Fashion Icons series with Fern Mallis.

clock August 28, 2013Rosemary Feitelberg

Pinterest's fashion week hub.


Pinterest Starts Fashion Week Hub

The social medium has partnered with over 100 influencers — including Michael Kors, Elle and Oscar de la Renta — to populate

clock August 28, 2013Rachel Strugatz

Fashion Scoops

Mickey Drexler Makes Cameo on ‘Breaking Bad’

The J. Crew Group ceo played a customer at the car wash in the episode that aired on Sunday.

clock August 28, 2013David Moin

Fashion Scoops

U.S. Open Kicks Off in Flushing Meadows, N.Y.

The threat of foul weather slightly dampened, but did not entirely stamp out, the usual celebrity suite shenanigans at Arthur Ashe Stadium on Monday night.

clock August 28, 2013WWD Staff

Fashion Scoops Introducing the London Lab

The e-commerce site will offer a hub during the fall season and beyond for collections by homegrown designers.

clock August 28, 2013Sharon Edelson

A rendering of the MSGM flagship in Milan.

Fashion Scoops

MSGM Set to Open First Flagship in Milan

MSGM, the booming Italian contemporary fashion brand founded in 2009 by Massimiliano Giorgetti, is gearing up to unveil its first flagship in Milan.

clock August 28, 2013Alessandra Turra

London Designer Outlet near Wembley Stadium.

Fashion Scoops

London Designer Outlet to Open in October

The city’s first premium outlet center will be situated near Wembley Stadium in North West London and the M2.

clock August 28, 2013Lorelei Marfil

A Moncler Grenoble jacket.

Fashion Scoops

Moncler Sponsors Perini Navi Cup

All the sailing teams will be wearing pieces specifically designed by Moncler Grenoble, the company’s most technical line.

clock August 28, 2013Alessandra Turra


Today's Must Read

Thom Browne


Paris Whiparound Mens Spring 2019

clock 11hWWD Staff

Social Studies