Adjustments Ahead as Charges Push Neiman’s to $509 Million Loss

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Writedowns of more than half a billion dollars led to a $509.3 million net loss in Neiman Marcus Inc.'s second quarter.SEE LIST AT LEFT FOR ALL OF THIS ISSUE'SARTICLES

From This Issue


Gant to Expand Fifth Avenue Store

New space should be open before Christmas.

clock March 10, 2009WWD Staff

Neiman Marcus at The Domain in Austin.

Business Features

Charges Push Neiman Marcus to $509M Loss

Writedowns of more than half a billiondollars led to a $509.3 million net loss inNeiman Marcus Inc.’s second quarter.

clock March 11, 2009Sharon Edelson and Matthew Lynch

Shoshanna Gruss


On the Circuit Again at the Winter Ball

For many guests Tuesday night, the Museum of the City of New York’s Versace-sponsored Winter Ball was like the first day back to school after a break.

clock March 11, 2009WWD Staff

Bulgari Group


Bulgari Profits Fall 45 Percent

Jewelry firm sees tough year ahead.

clock March 11, 2009Andrew Roberts

A look from La Perla.

Business Features

La Perla to Name New CEO

Alain Prost to join La Perla from Chantelle.

clock March 11, 2009Luisa Zargani


Best Life to Close

May issue is the last one.

clock March 11, 2009Stephanie D. Smith

Business Features

Baugur to File for Bankruptcy

Court rejected firm’s request to extend moratorium process.

clock March 11, 2009Nina Jones

George Zimmer


Men’s Wearhouse Sticking with BOGO Strategy

Buy-one-get-one-free approach has led to increases in sales, traffic.

clock March 11, 2009Jean E. Palmieri


Los Angeles Fashion Market Calendar

Los Angeles Fashion Market, Fall 2009, March 20-24, at the California Market Center, New Mart, Cooper Design Space, Gerry Building.

clock March 12, 2009WWD Staff


L.A. Scene: Where to Eat

Homey restaurants to grab a bite during L.A. Fashion Week.

clock March 12, 2009Sarah Haight

Fashion Features

Smaller L.A. Fashion Week Set to Launch

With event producer IMG out and the economy in trouble, Los Angeles Fashion Week has managed to coalesce into a 10-day series of scaled-back events.

clock March 12, 2009Marcy Medina

Elizabeth Kiester in front of her store.

Fashion Features

Wanderlust: Former Fashion Editor Opens Cambodian Boutique

For Elizabeth Kiester, the decision to abandon her posh New York life for the dusty streets of Southeast Asia began with that classic dilemma: nothing to wear.

clock March 12, 2009Nick Axelrod

Buyers mingle at the CMC.

Ready To Wear

Vendors Prep for Los Angeles Apparel Market

In the midst of a recession, fledgling clothing labels are persevering to drum up business with West Coast retailers at the contemporary fashion market.

clock March 12, 2009Sara Lerner

Business Features

New Lines at California Market Center

The following lines are new at the California Market Center. Price ranges are wholesale.

clock March 12, 2009Sara Lerner

Kevin, Joe and Nick Jonas of the Jonas Brothers on Feb. 28 at a movie premiere in West Nyack, N.Y.


Jonas Brothers Add Tween Apparel to Brand

Jonas Brothers line coming this fall.

clock March 12, 2009Julee Kaplan

Gap posted an 8.3 percent drop in fourth-quarter net earnings.


Gap Inc.’s Mea Culpas

CEO Murphy admits mistakes, vows corrections.

clock March 12, 2009Sharon Edelson

Bottega Veneta’s Cashmere and velvet blazer, cashmere turtleneck, cotton pants and shoes.

Fashion Features

Men’s Fall 2009 Trend: Beige Watch

Last year’s subtle nude color has developed into a fully fleshed-out, multitonal beige palette for fall ’09.

clock March 12, 2009Alex Badia


Memo Pad: Billionaires, Still… Condé Nast Launching U.K. Wired…

If anyone needed reminding that these are tough times for billionaires too, Forbes’ annual billionaire list was released Wednesday evening.

clock March 12, 2009WWD Staff


Inter Parfums Profits Slide 40.8%

Fourth-quarter profits at New York-based Inter Parfums Inc. fell by 40.8 percent.

clock March 12, 2009Matthew W. Evans and Brid Costello

Government and Trade

Federal Spending Bill Adds New Import Monitoring Progam

President Obama’s $410 billion spending packing includes new China and Vietnam import monitoring program.

clock March 12, 2009Kristi Ellis

Fashion Features

AAFA Announces American Image Award Honorees

The American Apparel & Footwear Association has revealed the list of honorees for its 31st annual American Image Awards dinner.

clock March 12, 2009Julee Kaplan

Hot Topic in the Westfield Topanga shopping center in Woodland Hills, Calif.


Hot Topic, Buckle See Gains as AEO Net Declines

Going against the grain of many youth-oriented retailers, The Buckle and Hot Topic report 4Q earnings that exceeded year-ago levels.

clock March 11, 2009Alexandra Steigrad and Vicki M. Young


Daily Stock Wrap: March 11, 2009

The day’s gainers and losers.

clock March 12, 2009WWD Staff

Business Features

Charges Throw Bon-Ton to 4Q Loss

Hurt by an impairment charge and holiday discounting, The Bon-Ton Stores Inc. Wednesday said it swung to a large fourth-quarter loss.

clock March 12, 2009Vicki M. Young

Fashion Features

Obit: Charles ‘Mask’ Lewis, Tapout Co-founder

Charles “Mask” Lewis, co-founder of the mixed martial arts clothing company Tapout, died in a car crash early Wednesday morning.

clock March 12, 2009Khanh T.L. Tran

Salvatore Ferragamo Men's Fall 2009


Ferragamo USA Builds Momentum in Men’s

Luxury brand sees a growth area to invest in, even now.

clock March 12, 2009Jean Scheidnes

A look from the collection.

Fashion Features

Bernabe Hardy Launches Leather Line

Parisian designer offers sculpted collection for men.

clock March 12, 2009Emilie Marsh

A look from Vilebrequin’s new sportswear line.


Vilebrequin Ramps Up Growth

Swimsuit maker Vilebrequin launches sportswear, expands distribution.

clock March 12, 2009Brenner Thomas


In Brief: Isaia Links with Jeffrey

Only the mash-up masters at H&M boast more collaborations than retailer/fashion impresario Jeffrey Kalinksy.

clock March 12, 2009WWD Staff


Rainforest Picks Licensee

George Weintraub to manufacture wool coats for fall.

clock March 12, 2009WWD Staff

Patrick Demarchelier and Anja Rubik

Fashion Scoops

Front Row at Chloé

Lolita Chammah, the face of this year’s Cannes Film Festival, said she is gearing up for her part in Marc Fitoussi’s “Copacabana.”

clock March 12, 2009WWD Staff

Fashion Scoops

French Film Stars Turn Out for Kenzo

At the Kenzo show, French actor Andy Gillet said he turned manga for his latest movie, which was just released in South Korea.

clock March 11, 2009WWD Staff

Fashion Scoops

Eau de Ellen von Unwerth

Photographer Ellen von Unwerth has a busy year ahead.

clock March 11, 2009WWD Staff

Fashion Scoops

Kenzo’s James Greenfield Promoted

Kenzo’s James Greenfield has been named chief executive officer of the Paris fashion house.

clock March 12, 2009WWD Staff

Sotheby’s re-creation of a room from the late Gianni Versace’s Lake Como home.

Fashion Scoops

Lake Como in London

Sotheby’s has re-created the late Gianni Versace’s lavish Lake Como home, Villa Fontanelle, on London’s Bond Street for the sale next week.

clock March 12, 2009WWD Staff

Business Features

Quiksilver Shares Fall 18 Percent

Shares of Quiksilver Inc. fell 18 percent after the firm, still smarting from the sale of the Rossignol ski business, posted a larger first-quarter loss.

clock March 13, 2009David Lipke

The interior of La Société.


In Paris, La Société Restaurant Draws Fashion Crowd

The Costes family has opened a new hot spot only steps away from left-bank legends Café de Flore and Les Deux Magots.

clock March 23, 2009Chantal Goupil

Comme des Garçons RTW Fall 2009

Fashion Trends

Fall 2009 Runway Trend: It’s an Illusion

See-through looks have long been important in fashion.

clock March 22, 2009WWD Staff


Today's Must Read

A Nike Air Force 1 sneaker developed by Nike and Louis Vuitton.


First Look at the Nike x Louis Vuitton Air Force 1 Sneakers

clock 16hJoelle Diderich

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