The Pressure Is On: Retail Anxiety Builds As Economy Weakens

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Overview

Fear plus frustration equals premature — and aggressive — markdowns. That seems to be the current state of play as the struggling economy has turned retailing into a challenging game of inventory management, belt-tightening and guesswork.

From This Issue

A bestselling silhouette from Herff Christiansen's spring line that will be recolored for fall.

Financial

Herff Christiansen’s Contemporary Basics

Not every designer knows from childhood that his or her future lies in pins and needles. Sometimes, the industry just sucks them in.

clock May 5, 2008Holly Haber

WWD Image

Human Resources

A Fresh Direction for Liberty

Geoffroy de La Bourdonnaye, the new chief executive at Liberty, doesn’t see much difference between marketing fashion items or fast-moving consumer goods.

clock May 5, 2008Samantha Conti

Fashion Scoops

Fashion Scoops: More From The Met… Benefits Of The Great…

The celebrometer is rising for tonight’s Costume Institute benefit.

clock May 5, 2008WWD Staff

Retailers are hoping for more store traffic upon receipt of the tax rebate checks.

Retail

Tax Rebate Checks: Will They Spend or Save?

Consumers began receiving their tax rebate checks last week, and at least one retailer is trying to live up to its motto of “saving people money so they can…

clock May 5, 2008Evan Clark and Vicki M. Young

Legal

Legal Briefs

Designer and retailer Betsey Johnson LLC is seeking a preliminary injunction against Colorful Licenses BV to bar it from selling a fragrance.

clock May 5, 2008Jeanine Poggi

Frederic Fekkai products.

Human Resources

Patrice Louvet Promoted at Procter & Gamble

Patrice Louvet, vice president of Global Hair Colorants for Procter & Gamble Co., has been named vice president, future strategy and growth, of Global…

clock May 5, 2008Brid Costello

Fashion Features

Fashion Delivers Gets Political With Ts

Fashion T-shirt manufacturer Sociology has partnered with the Fashion Delivers charity on a collection of get-out-and-vote tops.

clock May 5, 2008WWD Staff

Retail

Walgreens Maps Out Its Plan for Apparel

Walgreens’ new Casual Gear basic apparel line has been in stores barely a month now, but already geospatial geniuses are mapping ways to make it move.

clock May 5, 2008Denise Power

Eveningwear from Oscar de la Renta (center) Marchesa and Randi Rahm.

Fashion Features

Fashion Fund-raiser to Combat Crohn’s

Jessica Orbach, accompanied by her five-year-old daughter, Lea, recounted the misery of coping with Crohn’s disease…

clock May 5, 2008David Moin

Fashion Features

‘Unofficial’ Chicago Fashion Week Tricks Designers

A collection of unknowing designers and even one-time sponsor MasterCard might have been duped into thinking that an event calling itself Chicago Fashion…

clock May 5, 2008Beth Wilson

Marc Jacobs and Aizel Trudel

Real Estate

Marc in Moscow

Marc Jacobs touched down here late last month to take part in the official opening of his first store in Russia.

clock May 5, 2008Olga Zaretskaya

Retail

Industry Sheds Jobs in April

The common theme running through the U.S. Labor Department’s employment report was the loss of jobs ??? in the apparel and textile industry, the retail…

clock May 5, 2008Liza Casabona

Fashion Features

Creation Institution to Introduce Fashion Week Collections Program

The Japan Creation Institution, which launched last month, will introduce a new collections program at the seventh Japan Fashion Week…

clock May 5, 2008Akira Miura

A printed cardigan, pleated skirt and patent leather hobo bag from Victor by Victor Alfaro.

Retail

Victor Alfaro Returns in Deal With Bon-Ton

After taking a break from fashion, Victor Alfaro is back ??? and this time, he’s going exclusive with The Bon-Ton Stores Inc.

clock May 5, 2008Marc Karimzadeh

Mergers and Acquisitions

Possible Sale of Cavalli Hangs in Balance

Is Roberto Cavalli really going to sell a stake in his business to private equity?

clock May 5, 2008Andrew Roberts

Agyness Deyn in Jeremy Scott with Derek Lam at the Soho Grand.

Parties

The Exhibitionists

Lulu de Kwiatkowski had a lot to celebrate Thursday night at the party Antony Todd threw for her at his downtown store.

clock May 5, 2008WWD Staff

A Bob Mackie sketch for Cher.

Designer and Luxury

The Camp Counselor

Over the course of nearly 50 years, Bob Mackie has designed costumes for Diana Ross, Tina Turner, Barbra Streisand, Bette Midler and Chita Rivera.

clock May 5, 2008Jacob Bernstein

Stephen Russell bracelet.

Fashion Features

Findings: Mountain’s Range… Russell Relocates… Indy Win

Mountain High Knitwear has acquired the sock and slipper license for Cuddl Duds, a manufacturer of warm and thermal underwear, camisoles and daywear.

clock May 5, 2008WWD Staff

Jimmy Choo's store in Beijing.

Real Estate

Beijing Store Spikes Choo’s Asian Business

Despite a reputation for conformity, Chinese fashion consumers are looking to declare their individuality…

clock May 5, 2008Lisa Movius

A view of Georgina Goodman's Old Bond Street store.

Real Estate

Georgina Goodman Hits Bond Street

Georgina Goodman is going luxe.

clock May 5, 2008Lucie Greene

A bag by Twenty8Twelve.

Handbags

Miller Sisters in the Bags

Twenty8Twelve, the London ready-to-wear label designed by sisters Sienna and Savannah Miller, has jumped into the accessories market for fall.

clock May 5, 2008Nina Jones

Eileen West's lace-trimmed cotton pajama set.

Intimates

Vendors Craft Ways to Beat the Downturn

Lingerie manufacturers are looking for creative solutions in a challenging business climate as the May market gets under way this week.

clock May 5, 2008Karyn Monget

Wacoal Luxe's push-up lace bra.

Retail

Bare Necessities Goes Direct: 1M Catalogue Mailings This Year

Bare Necessities, the 10-year-old lingerie retailer, will launch its first catalogue this month.

clock May 5, 2008Karyn Monget

Champion's cotton and spandex top with nylon and spandex leggings.

Intimates

Smart Moves

The life of a yogi may be stark and spare, but for fashionistas…

clock May 5, 2008WWD Staff

A sale at Saks.

Financial

The Pressure Is On: Retail Anxiety Builds As Economy Weakens

Fear plus frustration equals premature ? and aggressive ? markdowns.

clock May 5, 2008David Moin and Cate T. Corcoran

Eva Mendes

Media

Memo Pad: Change Agent… For Those Who Weren’t There… Lovely Kitty…

Is another magazine already haggling to become a partner with “Project Runway” once its contract with Elle runs out?

clock May 5, 2008WWD Staff

Clockwise from top left: A clockwork brass bracelet with jet cabochons from Erickson Beamon for Anna Sui at Showroom Seven; Pamela Touhy's brass heron pendant and gold vermeil-on-silver giraffe pendant, both with resin-coated parchment images; Space...

Designer and Luxury

Smallville

It’s a doll’s life in accessories, as designers take inspiration from the world of miniatures. Tiny versions of everyday objects are transformed into charms…

clock May 5, 2008Roxanne Robinson

Giorgio Armani on Sunday in front of his Fifth Avenue flagship slated to open early next year.

Designer and Luxury

Giorgio Armani: Buongiorno, New York

The designer’s schedule during a 48-hour whirlwind visit to New York makes even a presidential candidate’s pace look leisurely.

clock May 5, 2008Alessandra Ilari

Financial

Postings of Financial Data Unnerve Italian Designers

Lay low. That was the general strategy among Italian designers and fashion industry executives last week after their 2005 earnings, taxes paid and other…

clock May 5, 2008Andrew Roberts

WWD Image

Designer and Luxury

Sporty Spice

The resort race has begun, and the leader of the pack is Giorgio Armani, whose Collezioni opened on Tuesday morning.

clock May 5, 2008WWD Staff

Lord & Taylor is launching its radio campaign today.

Marketing and Promotion

Lord & Taylor: Radio Days

Lord & Taylor hits the airwaves today with a campaign that seeks to woo new customers by putting those already shopping there on the radio and Internet.

clock May 5, 2008David Moin

Human Resources

Despite Protests, Carrefour Holiday Sales Hold Up

Carrefour appears to have weathered the threat of a boycott of its stores in China during the four-day May Day holiday.

clock May 5, 2008WWD Staff

Business Features

In Brief: Turning Five

The Ralph Lauren Center for Cancer Care and Prevention in New York is marking its fifth anniversary this year.

clock May 5, 2008WWD Staff

Westwood Station.

Real Estate

Mixed-Use Grows in Massachusetts

Westwood Station, outside Boston, is a 125-acre project that will take 10 years to complete.

clock May 5, 2008Katherine Bowers

Essentialist

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