PVH Corp.’s sales continued to grow in the second quarter and its profits are surging.The brand operator tallied consolidated net sales of $1.96 billion for the quarter ended July 31, a 6 percent increase over the same period last year, with net income of $119.7 million, compared to net income of $90.5 million last year.Earnings per share totaled $1.52, a 37 percent jump from initial expectations of $1.38 for the quarter.Wall Street was happy with the results and in after-hours trading sent the company’s stock up 3.5 percent to $124.29, the highest levels this year.As for the company's biggest brands, Calvin Klein and Tommy Hilfiger, total sales increased 8 percent to $786 million and 4 percent to $892 million, respectively. While comparable sales continued to decline in North America, international comp sales grew 20 percent for Calvin and 6 percent for Tommy.Chairman and chief executive officer Emanuel Chirico said the second-quarter results reflect the company's “continued momentum and ongoing operating efficiencies,” along with a $25 million increase in marketing spending for Calvin Klein and Tommy Hilfiger.Chirico said the extra investment in the image of both brands “will continue to drive market share gains and allow us to capitalize on the brands’ significant international expansion opportunities over the next several years.”Given the sales increases, PVH is now planning this year to put an additional $10 million toward marketing for both brands.The sales boost also led the company to raise its full-year earnings-per-share guidance to between $6.44 and $6.54. The previous expectation was topped at $6.34.During the first quarter, PVH had a more mixed performance buoyed by an increase in sales. Consolidated net sales increased 3.3 percent to $1.87 billion, while net income fell sharply to $70.1 million from $231.6 million.Coming off of a 2016 that showed comparable sales declines in North America for Calvin Klein and Tommy Hilfiger, PVH said it would be taking a “prudent approach” to 2017.For More, See:L Brands Stock Dives on Continued Victoria’s Secret DeclineUrban Outfitters CEO Says ‘Execution’ to Blame for Poor Q2 PerformanceVF Corp. Skirts Fashion ‘Carnage’ With Workwear Push
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast