Recent Posts
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WWD Postcard: Rafe Totengco
POSTED 4:12PM ET | Nov 19 2009 -
Miller Time
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Pots O' Gold
POSTED 10:12AM ET | Nov 9 2009 -
Designing for Dancing Stars
POSTED 9:57AM ET | Nov 9 2009 -
Hints of Better Days Ahead for NYC Retail
POSTED 6:03PM ET | Nov 6 2009 -
Mind Games With 'Idiot Savant'
POSTED 4:48PM ET | Nov 6 2009 -
Rear Window with Illustrator Matteo Pericoli
POSTED 5:02PM ET | Nov 5 2009 -
Testing the 'American Fashion Cookbook'
POSTED 7:13PM ET | Nov 2 2009 -
Night Rider on Broadway
POSTED 6:21PM ET | Oct 30 2009 -
Women and Changing the World
POSTED 5:11PM ET | Oct 29 2009
The J.P. Morgan analyst switched his recommendation on the stock to "overweight" from "neutral" Friday and pinned part of the change on an improvement in Manhattan's shopping backdrop.
Photo by Colin Thomas
It was Friday, and the grand opening of the J.C. Penney flagship in the Manhattan Mall. If things seemed a little cramped it was because the ceremony was supposed to be across the street, at Greeley Square Park, but early morning rains put a damper on those arrangements. Only a soggy stage and Kimora Lee Simmons' luxury trailer parked along the curb gave any hint of the original plans. The festivities were quickly moved to the lobby of the mall, where male and female and child models walked down a red runway, stopping long enough to pose for the photographers standing cheek-by-jowl on risers. It was hard to see what was going on, but I knew the "oohs" and "aahs" were for the children. "Woo hoo, woo whoo," some women in front of me hollered when a hunky guy in a beige pin-striped suit sauntered out, as if this were Chippendales.
At the time, she was introducing justsweet, a young contemporary replacement line for her JLO by Jennifer Lopez brand, which was being pulled from the U.S. market to, the company said, focus on global expansion. The samples were well done and Macy's buyers were psyched about launching it. And, after six years in business and with her JLO label, Lopez was finally completely involved in the design of her own line -- something she was consistently criticized for.
"Five years ago, I had a lot to learn about this business," she admitted in 2007. "And as I learned, I became more involved in the day-to-day. Now I am in the office all the time, and I have been since we did the fashion show [in February 2005]. I was there every single day, going over every tiny detail. As I got through the learning curve, I became more involved and will continue to be."
Well, that involvement didn't seem to help after all.
The drive from Northwest Arkansas Airport to Bentonville is pleasant enough, passing green pastures dotted with horses, cows and charming ramshackle barns, a scene that is occasionally broken by gated McMansion communities, followed by more bucolic scenery.
I checked into my hotel on Wednesday evening, ordered a tostada chicken salad from the all-Mexican-food restaurant menu and watched "The Devil Wears Prada" (twice). Watching the machinations and ridiculous striving of aggressive New Yorkers made me feel more at home while in the hinterlands.
As someone who has spent much of my career figuring out or writing about how to make clothes, it was encouraging to see the stiff-upper-lip attitude from a theater full of more than 130 manufacturing executives at the WWD Sourcing & Supply Chain Forum.Certainly the speakers were brutally honest about how difficult it is out there. It's tough to find a stable place to manufacture their merchandise, given the political instability around the world. It's hard to negotiate the right price, given the volatility of labor conditions in places like China and Pakistan and the global economic turmoil that affects currency rates, shipping costs and credit availability. It's also risky to employ factories in countries such as Bangladesh and Sri Lanka, where poverty and climatic conditions threaten production on a regular basis.
Retailing in Los Angeles and environs is being slammed in the recession and even celebrity-friendly shopping streets like Robertson Boulevard are feeling it. Dozens of specialty retailers have closed across the metro area and others are shrinking.

