Tough Times: Economy Squeezes Magazines, Overhead Cuts Roll On

No cover image


Sweeping job cuts and budget reductions across the magazine industry this week have led to worries that no one is immune from the aftershocks of the economy's crisis.SEE LIST AT LEFT FOR ALL OF TODAY'S ARTICLES

From This Issue

Max Azria and January Jones

Fashion Features

Azria Honored at Dallas Fashion Awards

Entrepreneur lauded for design, business skills.

clock October 31, 2008Holly Haber


Avon Net Rises 60 Percent

As Avon stays the course with turnaround plan, sales climb 12.6 percent.

clock October 30, 2008Molly Prior

Cover of Men's Vogue

Marketing and Promotion

Tough Times Hit Magazine Industry

Economy prompts cutbacks at Portfolio, Men’s Vogue, and across Time Inc.

clock October 30, 2008Irin Carmon and Amy Wicks

Jean-Paul Agon


L’Oreal Cuts Outlook on Q3 Results

Forecast trimmed to 4 percent after 3.4 percent gain in quarterly sales.

clock October 30, 2008Rachel Tiplady

A Kiss My Face in-store display.

Beauty Features

Snippets: Greenhouse for Kiss My Face… Body Shop’s New President…

Kiss My Face has rolled out several new eco-conscious initiatives, including a new in-store display called the Greenhouse.

clock October 31, 2008WWD Staff

Clairol’s Perfect 10 Nice ’n Easy ad.


Consumers Look for At-Home Solutions to Save

There is an upside for mass marketers in the down economy: Sales of beauty products that accomplish grooming needs at home.

clock October 31, 2008Faye Brookman

Mayor Michael Bloomberg, Bernadette Peters and Evelyn Lauder.

Beauty Features

Breast Cancer Event Awards NYC Mayor Bloomberg

Actress Bernadette Peters and former NFL defensive end Marcellus Wiley ushered in this year’s Breast Cancer Research Foundation awards luncheon.

clock October 31, 2008Matthew W. Evans

Nicky Kinnaird and Sonia Kashuk


Kashuk to Enter Space NK

Nicky Kinnaird spotted Sonia Kashuk and saw a bull’s-eye.

clock October 31, 2008Molly Prior

A visual for Sarah Jessica Parker’s Lovely Collection.


Scents Address Moments in Time

Sarah Jessica Parker’s fragrance business is having a moment. Make that three: Dawn, Endless and Twilight, the scents that comprise her Lovely Collection.

clock October 31, 2008Julie Naughton

Prann and Nature’s Minerals marked Pier 1’s entry into personal care.

Body Care

Pier 1 Jumps Into Bath and Body

Pier 1 Imports Inc. is poised to expand its bath and body care with the introduction of at least five new specialty bath lines.

clock October 31, 2008Matthew W. Evans


Unilever Posts 60 Percent Net Gain

Announcing its third-quarter results, Unilever said Thursday that it expects to beat its forecast for long-term sales growth of 3 to 5 percent.

clock October 31, 2008Rachel Tiplady


IFF Third Quarter Income Dips Two Percent

International Flavors & Fragrances Inc. missed Wall Street?s expectations Thursday.

clock October 31, 2008Alexandra Steigrad


Shiseido Profits Rise, Sales Slip

Shiseido Group saw higher profits, but slightly lower sales for the first half of the year.

clock October 31, 2008Koji Hirano

Business Features

Bulgari Marks 125th Anniversary

To mark its 125th anniversary, Bulgari is launching a charity campaign for Save the Children.

clock October 31, 2008Alessandra Ilari

Asic’s ad campaign for the NYC Marathon.

Ready To Wear

Active Brands Rev Up for NYC Marathon

Annual event presents marketing opportunities.

clock October 31, 2008Whitney Beckett

Views of the Yohji Yamamoto store.

Designer and Luxury

Yohji Yamamoto’s New Paris Space

Designer Yohji Yamamoto opens store that appears to “float.”

clock October 31, 2008Katya Foreman

A JJ  Valaya look.

Fashion Features

Not One, but Three India Fashion Weeks

Two fashion weeks in Delhi, one in Mumbai compete.

clock October 31, 2008Mian Ridge

Dori Cooperman and Julie Macklowe at American Friends of the Israel Museum.


Gala Raises Funds for Israel Museum

Philanthropists Bonnie and Charles Bronfman gathered at the Waldorf-Astoria for the American Friends of the Israel Museum “Israel at 60” celebration.

clock October 31, 2008Sophia Chabbott


Dillard’s Directors Back Management

Dillard’s directors disagree with activist investors on compensation.

clock October 31, 2008Evan Clark


Retail Stocks on the Rise

Government report shows economy slowed in Q3.

clock October 31, 2008Evan Clark


Hugo Boss Trims Outlook

Profits, sales fall in quarter at Hugo Boss.

clock October 31, 2008Melissa Drier


Cacharel Taps Managing Director

Marc Ramanantsoa has been named managing director of French fashion house Cacharel.

clock October 31, 2008Natasha Montrose

Zac Posen on the Web site.

Fashion Scoops

Zac Posen Gets Out the Vote… Cavalli in Cologne… Tom Watch..

THE FUTURE LOOKS GOOD: Thursday morning, Posen filmed a 15-second video urging people to vote for Barack Obama, and to dress for the occasion.

clock October 31, 2008WWD Staff

Millard "Mickey" Drexler, J. Crew's chief executive officer on the cover of Fortune.


Details of Time’s Changes… Cruisin’… Comme in Print…

The “news business unit” will include print and digital properties of the Time Group, Fortune/Money Group, Sports Illustrated Group and

clock October 31, 2008WWD Staff

"Kartel-Pendik" climbs the wall and ceiling at Sonnabend Gallery.


Zaha Hadid Exhibits Launch in Manhattan

Architect Zaha Hadid’s work will be on display in two locations.

clock October 31, 2008Sharon Edelson

Mark Cross handbags are being reintroduced exclusively with QVC.


Mark Cross to Relaunch on QVC

After being dormant for about a decade, the Mark Cross accessories brand gets relaunched tonight on QVC.

clock October 31, 2008David Moin

William Greider


Q&A With William Greider

Whenever the economy comes crashing down, journalists try to figure out what went wrong, and their first target is frequently each other.

clock October 31, 2008Jacob Bernstein

Business Features

Laboratory Institute of Merchandising to Offer M.B.A.

Laboratory Institute of Merchandising is introducing a master of business administration degree program in fashion, with classes beginning in March.

clock October 31, 2008Whitney Beckett

Westfield London’s new shopping center.


London’s New Mega-Mall

Westfield opens mall in north London.

clock October 31, 2008Samantha Conti

Marketing and Promotion

Macy’s Message for the Holidays

For its 2008 holiday advertising, Macy’s is not simply counting on price promoting and pushing values.

clock October 31, 2008David Moin

The scene at the Tax Free World Association World Exhibition.

Beauty Features

From Cannes: Travel Retail Resolute in Face of Downturn

Cosmetics executives and duty free operators faced the threat of an impending worldwide recession with a combination of uncertainty and gritty resolve.

clock October 31, 2008Stephanie Epiro and Pete Born

Estée Lauder billboards promoting the Sensuous fragrance.

Beauty Features

Cannes a Hotbed of Launch Activity

No amount of economic gloom can frighten the cosmetics industry into holding back on its usual riptide of product launches.

clock October 31, 2008Stephanie Epiro and Pete Born

Renaud de Lesquen


An Eye for the Future at YSL Beauté

After years of attending the duty free conference in Cannes, YSL Beaute returned once again with a new corporate persona and possible plans to launch skincare.

clock October 31, 2008Stephanie Epiro and Pete Born


Today's Must Read

Lesley Frowick beside a photo of her uncle Halston.


Halston’s Niece Calls Netflix Series ‘Unauthorized’

clock May 11, 2021Rosemary Feitelberg

Social Studies

WWD logo Global Stock Index

Business Page right arrow