Tightening Their Belts: Fashion Firms Cut Back To Get Lean and Mean

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Overview

Plunging stock markets, a recession and a complete conk-out of the consumer spending engine that fueled the growth in the U.S. economy have fashion retailers taking a hard look at their organizations.SEE LIST AT LEFT FOR ALL OF TODAY'S ARTICLES

From This Issue

Mike Duke

Financial

Duke Brings Global Heft to Wal-Mart

Company’s board selects Mike Duke as successor to H. Lee Scott.

clock November 21, 2008Katherine Bowers

Ashley Olsen

People

Spanglish: Mango Party in SoHo

Frigid temperatures and winds didn’t keep guests like Ashley Olsen and Julia Resoin Roitfeld from helping Mango celebrate its renovated flagship boutique.

clock November 21, 2008WWD Staff

Financial

Hartmarx to Be Delisted From NYSE

Hartmarx Corp. said it will be delisted from the NYSE for failing to comply with market capitalization standards.

clock November 21, 2008Evan Clark and Brenner Thomas

Financial

Restructuring Costs Put Ann Taylor’s Third Quarter in the Red

AnnTaylor Stores Corp. said Friday it swung to a third-quarter loss, as the financial crisis and restructuring costs weakened the retailer’s balance sheet.

clock November 24, 2008Alexandra Steigrad and Evan Clark

Oscar de la Renta photoshoot.

Media

Oscar’s Raw Deal… AMI Squeezed… Sienna Wins Harassment Case…

Having shot his fall advertising campaign at the Salk Institute in La Jolla, Calif., Oscar de la Renta opted for the East Coast for his spring one.

clock November 24, 2008WWD Staff

Beauty Features

Obituary: Jean Maubert, Former Robertet CEO

Jean Maubert, former chairman and chief executive officer of fragrance supplier Robertet, passed away at his home in Grasse, France, Oct. 27.

clock November 24, 2008Matthew W. Evans

The new Ellen Tracy logo and mark.

Sportswear

Ellen Tracy Gets New Logo, Icon

About nine months after the bridge brand changed owners, Ellen Tracy is releasing the first signs of its makeover: a new logo and mark.

clock November 24, 2008Whitney Beckett

Carole Hochman Midnight's easy chemise.

Intimates

Uncertainty Pervades November Intimates Market

Anger, denial and acceptance underscored this month’s market, as vendors and retailers struggled with the reality of a troubled economy.

clock November 24, 2008Karyn Monget

Apparel Industry Tightens Belt

Financial

Tightening Their Belts: Fashion Firms Cut Back to Get Lean and Mean

Companies plan layoffs, reduce inventory and trim more extravagant expenses.

clock November 24, 2008WWD Staff

Markdowns are rampant.

Ready To Wear

Analysts Advise Proceeding With Caution

Industry analysts say cutting costs and managing conservatively are more imperative than ever.

clock November 24, 2008Whitney Beckett

Monique Péan

Jewelry

Designer Combines Jewelry and Charity

Sales of The Charity: Water jewelry by Monique Péan help bring clean drinking water to people in third-world countries.

clock November 24, 2008Sophia Chabbott

Macy's

Retail

Retailers to Hire Less Holiday Staff

Store spokesmen at Saks and Nordstrom say they won’t be hiring seasonal holiday staff.

clock November 24, 2008Jessica Iredale

Be & D's updated Garbo bag.

Handbags

Be & D Widens Offerings

Be & D expands niche shoe category and offers new small, leather goods for spring.

clock November 24, 2008Caroline Tell

Some designers might have to bypass the runway next season.

Designer and Luxury

Are Fashion Shows Vulnerable?

IMG Fashion only recently sent out Bryant Park venue packages, so it was unable to say whether any companies will skip the season.

clock November 24, 2008Marc Karimzadeh

Pieces from the spring 2009 Olivia Harris collection.

Handbags

Carrying On: Olivia Harris Handbags Expands

Yes, Joy Gryson is the designer of Olivia Harris, the lower-priced handbag line that launched for spring 2008.

clock November 24, 2008Sarah Haight

Alberta Ferretti’s silk satin version, worn with earrings from Barbara Flood’s Closet.

Fashion Trends

Satin Doll

The season’s prettiest nightgowns are at once simple and elaborate with slender, body-conscious shapes, exotic draping and intricately placed insets.

clock November 24, 2008Bobbi Queen

Daisy Lowe and Mischa Barton

Parties

Going Big in Dubai: Kerzner Throws Huge Weekend Bash for Atlantis

Billionaire hotel mogul Sol Kerzner dropped $20 million on his launch party for Atlantis The Palm, his new marine-themed resort in the United Arab Emirates.

clock November 24, 2008Ritu Upadhyay

A view of Cockatoo island.

Fashion Scoops

Land Down Under… False E-Mail Scare… Prada’s Double Club…

Calvin Klein Inc. held a celebrity-filled party… Retailers are reacting… Fondazione Prada launched The Double Club…

clock November 24, 2008WWD Staff

Amy Poehler

People

Natural Causes

Laughs are hard to come by in this economic climate, but there were plenty of them at the American Museum of Natural History Museum’s gala on Thursday night.

clock November 24, 2008WWD Staff

Financial

Lee Scott Bows Out on Top

Retiring Wal-Mart chief Lee Scott overcame a range of problems for the mega-retailer.

clock November 24, 2008Katherine Bowers

Lynn Wyatt

People

Buffy Cafritz Fetes the Jockey Club… Inauguration Buzz…

Washington is back. For anyone in doubt, Buffy Cafritz and Ann Jordan gathered pals on Thursday to celebrate the reopening of the the Jockey Club.

clock November 24, 2008Susan Watters

Intimates

Eurovet Takes Stake in CurvExpo

European trade show giant Eurovet has acquired a 30 percent stake in innerwear trade show CurvExpo.

clock November 24, 2008Karyn Monget

Financial

Former Tommy Hilfiger Handbag Licensee Sentenced For $19M Fraud

Martin Bodner, former CFO at Tommy Hilfiger handbag’s licensee, gets five-and-a-half years imprisonment.

clock November 24, 2008Matthew Lynch

Financial

Target Rejects Real Estate Plan… Slim Snags Saks Shares…

Target Corp. said Friday it would not pursue proposals… Carlos Slim Helú, the second-richest man in the world, is building a larger stake in Saks Inc…

clock November 24, 2008WWD Staff

Haley Joel Osment

People

Haley Joel Osment Grows Up in ‘American Buffalo’ Play

Haley Joel Osment, an actor most famous for his childhood roles, takes on a very adult part in David Mamet’s “American Buffalo” now at the Belasco Theatre.

clock November 24, 2008Vanessa Lawrence

Essentialist

Today's Must Read

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Beauty

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clock 13hAllison Collins

Social Studies

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