Procter & Gamble's sales have inched up.For the first quarter of fiscal 2018, P&G posted almost $2.9 billion in net earnings, a 5 percent year-over-year increase. P&G posted $16.7 billion in net sales, a 1 percent increase from the prior-year period. The business also posted 1 percent organic sales growth. Diluted net earnings per share were $1.06, a 10 percent increase from the first quarter for fiscal 2017."First quarter sales and earnings results were in line with our going-in expectations and keep us on track to deliver our targets for the fiscal year," said David Taylor, P&G chief executive officer. "We delivered organic sales growth in a decelerating global market and against a relatively strong base period. Market share trends continue to improve, with more of our top brands and countries holding or growing share. Looking forward, we will drive innovation, productivity and organization transformation to accelerate top-line growth while further expanding our industry-leading profit margins."Beauty sales were up 5 percent from the prior-year period, driven by growth in China and acceleration of luxury skin-care brand SK-II. Hair care organic sales increased in the low single digits due to increased pricing driven by product innovation, P&G said.Grooming sales dipped 6 percent in the quarter because of lower sales in shave care, which was partially offset by growth in appliances, the company said. P&G said organic sales in shave care decreased in the high double digits because of price reduction in the U.S. and a "negative product mix."In grooming, P&G has faced increased competition from startups like Dollar Shave Club (now part of Unilever) and Harry's, which is now sold at Target in addition to its owned channels. Edgewell also launched a razor replacement it touts as “compatible with Gillette, Fusion and Mach3 razor handles” and is sold online.P&G's financial results come as the business awaits certified results from its Oct. 10 shareholder meeting — which will determine if activist investor Nelson Peltz will get a board seat. P&G says preliminary numbers aren't enough to get him on the board, but Peltz and his firm, Trian Fund Management, have contested that finding.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)