The apparel and footwear sector could see tariffs in 2019, predicted Cowen & Co. analyst John Kernan.
Kernan made that disclosure Thursday at a Retail Marketing Society panel discussion on “The Long and Short of Retailing Today: Wall Street’s Perspective” at Arno’s Restaurant in Manhattan. Earlier in the day, the analyst issued a report that said the “fourth tranche of tariffs on imported goods — the remaining $267 billion from China, which would include apparel and footwear — is likely to be levied by President Trump” following the mid-term elections, with implementation in early 2019. According to Kernan’s report, “This will spark higher costs for consumers within apparel and footwear, supply chain chaos and EPS reductions to our vendors [in the analysts’ coverage universe] by varying degrees.”
Ralph Lauren can add a new notch to his leather belt: Honorary Knighthood. A representative of Her Majesty Queen Elizabeth II will present the honor to the iconic American designer at a ceremony next year, reports @lisajlockwood . #wwdnews
Cosmetics entrepreneur Charlotte Tilbury came face to face with one of her inspirations when Queen Elizabeth handed her an MBE, or Member of the Most Excellent Order of the British Empire, at Buckingham Palace earlier today. #wwdbeauty
Stella McCartney has been designing wedding looks for customers, friends, family — and herself — for years.
And now, leveraging the success of the dress she designed for the Duchess of Sussex’s wedding reception in May, McCartney is launching, Made with Love, a bridal line including eight dresses and an ivory tuxedo, reports @natalietheodosi . “I feel very protective over the bride, because I know what it was like when I got married, and for me to do my own wedding dress. There are moments that are so personal and private, so emotional and loaded with many different issues,” McCartney told WWD in an interview in June. “I think we are really blessed to have the emotional trust with a woman. She’ll come in and feel the love that we put into everything. What she chooses can be conventional or unconventional. It’s a personal experience.” #wwdnews