Hip but Under Pressure: Contemporary Retailers Squeezed by Downturn

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Overview

While merchants wait for the next big trend that will spur consumers to get over their reluctance to buy, the finance executives in the back office struggle to pay bills and keep credit flowing.SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue

The Swatch shop on Paris’ Champs Elysées.

Financial

Swatch 1H Net Profit Slides 28%

The world’s largest watchmaker said Friday that current sales and order levels show signs of recovery.

clock August 14, 2009Elena Berton

Financial

Penney’s Posts Loss in 2Q

J.C. Penney Co. Inc. raised its full year guidance despite reporting a $1 million net loss for the second quarter ended Aug. 1.

clock August 14, 2009Evan Clark

Financial

Retail Apparel PricesIncrease in July

Economic pressures fueled the sharpest year-to-year decline in retail prices last month so far in 2009, although apparel prices rose.

clock August 14, 2009Liza Casabona

Financial

Escada’s U.S. Arm Files Chap. 11

Escada USA Inc. filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York on Friday.

clock August 17, 2009WWD Staff

Financial

Stocks Fall 3% for Week

Consumer confidence falters and stocks retreat.

clock August 17, 2009Matthew Lynch

Legal

Vendors Push for Ellen Tracy Bankruptcy

Four Asian manufacturers filed an involuntary Chapter 7 petition against Ellen Tracy seeking to liquidate the company.

clock August 17, 2009Vicki M. Young and Lisa Lockwood

Financial

Gildan Net Falls in 3rd Qtr.

T-shirt firm beats analysts estimates and predicts bigger market share.

clock August 17, 2009Matthew Lynch

Textiles

Swank Reverts to Profitin 2nd Qtr.

Sales grow in period as belts, leather goods excel.

clock August 17, 2009Arnold J. Karr

Financial

Contemporary Retailers Face Tight Credit

Soft sales trickle down to complicate relationships with vendors.

clock August 17, 2009Vicki M. Young and Khanh T.L. Tran and Anne Riley-Katz and Julee Kaplan

Retail

Bendel’s to Open Two California Stores

Henri Bendel is growing its presence on the West Coast.

clock August 17, 2009Anne Riley-Katz

Michigan Avenue

Media

Memo Pad: Desiree Rogers’ Latest Mag Cover…Kenneth Cole’s New Ad Campaign

White House Social Secretary Desirée Rogers is on yet another magazine cover, this time of her hometown high-end glossy, Michigan Avenue.

clock August 17, 2009WWD Staff

The Levi’s Vintage display at the SoHo J. Crew store.

Fashion Scoops

Levi’s Brain Dead Jeans…Comme des Garcons and Converse, Again

Dying for a pair of Levi’s Brain Dead jeans? Well, J. Crew men’s stores in lower Manhattan recently snapped up the last of Levi’s Vintage Clothing stock.

clock August 17, 2009WWD Staff

Retail

Kmart Launches Thre3 Line

Brand created by U.S. Polo Assoc., in time for the back-to-school selling season.

clock August 17, 2009Sharon Edelson

Nordstrom will be the one retailer in the U.S. to sell Mini Boden children’s wear.

Retail

Nordstrom to LaunchMini Boden

Just in time for back-to-school, Nordstrom has snapped up the U.S. retail exclusive on Mini Boden, a children’s collection based in the U.K.

clock August 17, 2009David Moin

“Rebel Rebel: Anti-Style,” by Keanan Duffty with Paul Gorman.

Lifestyle

Designer Keanan Duffty Pens Fashion Book

Keanan Duffty is a bit of a rebel, so it’s no wonder his new book is titled “Rebel Rebel: Anti-Style.”

clock August 17, 2009Jean E. Palmieri

Pact’s sustainable underwear.

Designer and Luxury

E-Commerce Underwear Label With a Mission

Industrial designer Yves Behar develops eco-friendly brand.

clock August 17, 2009Rosemary Feitelberg

Canturi’s Manhattan boutique.

Designer and Luxury

Stefano Canturi Opens Manhattan Shop

Millions of moviegoers have seen Australian designer’s work, but they don’t know it.

clock August 17, 2009Sophia Chabbott

The Montblanc store on Rodeo Drive.

Designer and Luxury

Montblanc Expands Brand in Beverly Hills

Larger space highlights accessories array.

clock August 17, 2009Rachel Brown

A watch by Kenny Scharf from Movado’s Artists’ Series.

Designer and Luxury

Movado Teams With Kenny Scharf on Watch Collection

Artist is latest to partner with watch firm.

clock August 17, 2009Sophia Chabbott

Josie’s rainbow maxi gown.

Activewear

Traffic Boosts Mood at August Innerwear Market

Buying still conservative but signs of improvement are evident.

clock August 17, 2009Karyn Monget

Estelle in a Thread Social’s silk robe. Alexis Bittar and Sequin bangles; Bruno Frisoni shoes.

Fashion Trends

Estelle: Electric Feel

Estelle Swaray — she of the megahit “American Boy” — has learned a thing or two about music and fashion.

clock August 17, 2009Nick Axelrod and Mayte Allende

At the Watermill Center gala.

Other

Outrageous Summer Looks

Partygoers have been saluting the sun in a wild array of ensembles.

clock August 17, 2009WWD Staff

Liya Kedebe photographed by Patrick Demarchelier in the Fashion’s Night Out T-shirt.

Business Features

Fashion’s Night Out Gains Steam

Considering its snowballing support, New York City’s Fashion’s Night Out could turn out to be one monumental shop-till-you-drop party.

clock August 17, 2009David Moin

Financial

L’Oreal Sues Sally Beauty Unit

Lawsuit alleges diversion of Matrix goods.

clock August 17, 2009Matthew Lynch

Financial

Abercrombie $26.7M Loss Triggers Price Cuts

Loss is retailer’s third straight quarter of double-digit sales declines.

clock August 17, 2009Alexandra Steigrad

Beauty Features

Guerlain Flagship to House Art Exhibition

For the fourth consecutive year, Guerlain’s flagship will second as a gallery.

clock August 17, 2009Alicia LeBlanc

Other

Gucci Reveals Award Nominees

Gucci Group revealed the shortlist and jury for the fourth edition of its annual award to an international artist for his or her contribution to film.

clock August 27, 2009Andrew Roberts

Essentialist

Today's Must Read

Talitha Getty by Jeanloup Sieff for Vogue Paris, February 1970.

Fashion

Saint Laurent Acquires Major Private Collection of Vintage YSL Clothes

clock 9hJoelle Diderich

Social Studies