Making Slow Progress: Neiman’s Profits Fall, But Execs See Upside

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Continuing to operate under intense pressure, Neiman Marcus Inc. reported a 33.8 percent drop in net profits and a 13.7 percent comparable revenue decrease in its first quarter ended Oct. 31.SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue

Designer and Luxury

Hermes to Open First Store in the Philippines

Hermes’ Manila boutique to open Dec. 20.

clock December 8, 2009Erika Tapalla

Uniqlo's +J Spring-Summer Collection Set to Launch

Designer and Luxury

Uniqlo’s +J Spring-Summer Collection Set to Launch

Collection will bow this month in Asia.

clock December 9, 2009Amanda Kaiser

Neiman Marcus

Business Features

Neiman Marcus Net Falls, Progress Seen

Neiman Marcus’s earnings fell to $8.5 million from $12.9 million a year ago, but in better news, gross margins rose 118 basis points.

clock December 9, 2009David Moin


Movado Posts $20.9M Loss

Jewelry store closures take their toll on Movado’s third-quarter earnings.

clock December 9, 2009Alexandra Steigrad

Burberry Prorsum RTW Spring 2010

Designer and Luxury

Burberry to Show in London in February

Burberry will show its Prorsum women’s collection in London in February, according to chief creative officer Christopher Bailey.

clock December 9, 2009Samantha Conti

Government and Trade

House Passes Tax Relief Bill

The House passed a broad tax relief bill that would renew a provision that shortens the time it takes retailers to write off the cost of remodeling stores.

clock December 10, 2009Kristi Ellis

A.P.C.’s Butler Worn Out Series.


A.P.C. Opens On the Left Bank

A.P.C., the hip fashion label known for its French preppy-flavored basics and jeans, has opened its first denim and accessories store.

clock December 10, 2009Katya Foreman

Tori Praver and Gabriel Aubry are featured in the spring ad campaign.

Marketing and Promotion

True Religion Goes Sexy for Spring

True Religion Apparel pushing sportswear and sex appeal in new spring ads, featuring models Tori Praver and Gabriel Aubry.

clock December 10, 2009Ross Tucker


Biotech Firm Genencor Adds New Denim Product

PrimaGreen EcoLight 1 is a liquid biodegradable enzyme that can be used in the laundering process to attain a vintage look in denim.

clock December 10, 2009Ross Tucker

Shoshanna Lonstein Gruss

Ready To Wear

Ho, Ho, Ho: Contemporary Designers’ Wish Lists

From an Hermès scarf to a vintage Porsche to a meeting with Mayor Michael Bloomberg, contemporary designers are dreaming big this holiday season.

clock December 10, 2009Julee Kaplan


Cherokee Net Falls in 3rd Qtr.

Cherokee’s third-quarter profits weighed down by an increase to its tax provision, but the brand manager reported an improvement in its recent revenue trends.

clock December 10, 2009Evan Clark

Christine Day


Lululemon Profits Rise 59.2% in Third Quarter

Lululemon Athletica reports income was up 59.2 percent to $14.1 million in the period.

clock December 10, 2009Vicki M. Young


Retail Shares Fall Wednesday

S&P Retail Index fell 2.89 points, but Deloitte Research showed shoppers’ economic fundamentals are strengthening.

clock December 10, 2009Evan Clark

Pre-fall looks from Modern Amusement.

Ready To Wear

Modern Amusement CEO Exits in Restructuring

CEO Michael Boyes left the sportswear brand Modern Amusement last month.

clock December 10, 2009David Lipke


Oxford Net, Sales Fall in Quarter

Oxford Industries’ net falls in the third quarter, but issues an upbeat Q4 guidance.

clock December 10, 2009Matthew Lynch

The show will move to Chelsea in New York in January.

Ready To Wear

The Collective Gets Facelift, New Home

The Collective, which caters to classic vendors, and denim and contemporary showcase Blue will be combined into a new show called ENK New York.

clock December 10, 2009Brenner Thomas


Daily Stock Wrap: December 10, 2009

The day’s gainers and losers.

clock December 10, 2009WWD Staff

Saoirse Ronan


Saoirse Ronan Interview: She’s So Lovely

The Irish actress Saoirse Ronan stars in the new film based on Alice Sebold’s eerie bestselling novel, “The Lovely Bones.”

clock December 10, 2009Vanessa Lawrence

“Dreamgirls” stars Chester Gregory and Moya Angela in William Ivey Long’s costumes.


“Dreamgirls” Stars Take Show on the Road

Moya Angela and Chester Gregory star in Sixties-era Broadway musical “Dreamgirls,” which is touring the country starting next week.

clock December 10, 2009Nick Axelrod

Looks from the socially conscious clothing line Edun, founded by Bono and his wife, Ali Hewson.

Fashion Features

A New Edun: Ali Hewson and Bono’s Brand Expands

The eco-luxury label Edun, founded by Ali Hewson and her rocker husband Bono, redefines itself with the support of LVMH.

clock December 10, 2009Marc Karimzadeh and Miles Socha

Louis-Marie de Castelbajac and his tree.

Fashion Scoops

Designer Christmas Trees With an Edge… A Comme des Garçons Housewarming…

Parisian designers, from Jean-Charles de Castelbajac to Nathalie Rykiel, gathered for an annual charity auction of designer Christmas trees.

clock December 10, 2009WWD Staff


In Brief: Tiffany Taps Japan President

Stéphane Lafay has been named president of Tiffany & Co. Japan Inc. Lafay succeeds Michael Christ, who will retire in January.

clock December 10, 2009WWD Staff

Business Features

Penney’s Promotes Executives

J.C. Penney Co. Inc. promoted Jeffrey J. Allison, Steven Lawrence and Elizabeth H. Sweney to senior general merchandise managers.

clock December 10, 2009David Moin

Christine and Renaud Dutreil

Government and Trade

Dior’s Day in Washington

LVMH Moët Hennessy Louis Vuitton and Christian Dior executives got the VIP treatment here this week.

clock December 10, 2009Susan Watters

Beauty Features

Banier Speaks Candidly About Bettencourt Relationship

French newspaper Le Monde published Wednesday an exclusive, two-page interview with photographer François-Marie Banier.

clock December 10, 2009Jennifer Weil

Cover of Rolling Stone.


Memo Pad: Chip Kidd’s Cover… All Tom Ford, All the Time…

Rolling Stone tapped book illustrator Chip Kidd to design the cover of its decades issue.

clock December 10, 2009WWD Staff

Color Cosmetics

Diane Kruger Named L’Oréal Spokeswoman

Diane Kruger, star of both “Joyeux Noël” and “Inglorious Basterds,” has been added to L’Oréal’s lineup of celebrity spokespeople.

clock December 10, 2009Brid Costello and Jennifer Weil


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