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WWD 2002/09/09

WWD 2002/09/09

Meichner and Fagan Tapped to Lead Polo�s Global Retail Charge

Prada Sales, Earnings Up Sharply

MILAN - Prada Holding saw drastic improvement in its second-quarter sales and earnings results, but the improvement couldn't prevent top- and bottom-line declines in the first half.

In the second quarter, earnings before interest,...
— Sep 9, 2002

Target Seeking to Grow To 2,010 Units by 2010

NEW YORK - Target Corp. sees plenty of opportunities for growth right here at home.

The Minneapolis-based retailer with 1,107 Target doors is aiming for 2,010 locations under the Target nameplate by the year 2010, according to Douglas...
— Sep 9, 2002

Federated Set To Roll Out ‘Future' Stores

NEW YORK - Federated's "store of the future" is approaching the here and now.

While it's far from a total reinvention of the traditional retail box, Federated Department Stores will implement 12 new technologies, shops and...
— Sep 9, 2002

European Parliament Head Questions U.S. Priorities

WASHINGTON - The president of the European Parliament on Friday chided U.S. lawmakers to act more swiftly to change a U.S. export tax subsidy to avoid the European Union levying punitive tariffs on $4 billion of U.S. products.

In the U.S....
— Sep 9, 2002

In Brief

LEASES TO GO: Burlington Coat Factory and bankrupt Kmart Corp. will be in Chicago bankruptcy court on Sept. 25 seeking approval of Burlington's assumption of leases for five former Kmart stores. Two of the leases are in Austin, Tex., while the...
— Sep 9, 2002

New Lineup

IRVINE, Calif. - The mood at St. John for spring has a new femininity, at least according to creative director Kelly Gray. The show this season was held at the Bren Event Center here, where it was warmly received by an audience packed with...
— Sep 9, 2002

Meichner and Fagan Tapped to Lead Polo's Global Retail Charge

NEW YORK - Polo Ralph Lauren is spurring its global retail growth with two key appointments. The company Friday tapped Wayne Meichner as president of Polo Retail and Charles Fagan as executive vice president of global retail brand development....
— Sep 9, 2002

Showing and Growing in Lyon

LYON, France - It's already the biggest lingerie show in the world, and now, the Lyon, Mode City trade event might be getting longer by a day.

Unlike a majority of trade shows that empty out quickly on the final day, the summer...
— Sep 9, 2002

DuPont: Celebrating the Body

LYON, France - This former silk capital of Europe has never seen an event quite like the gala cocktail party, dinner and interactive fashion show staged by DuPont Textiles & Apparel, according to city's mayor, Gerard Collombe, who...
— Sep 9, 2002

Hosiery's New Tucks and Curves

NEW YORK - In an age when Jennifer Lopez and Britney Spears proudly show off their curves and jeans couldn't be any tighter, hosiery makers are increasingly focusing on products that are designed to add more shape and...
— Sep 9, 2002

FINDINGS

CLIMB ANY MOUNTAIN: There are all kinds of goodwill acts, but for leather goods firm Stone Mountain, charity starts at home with a soft leather shoulder bag.

Last month, the New York Parks and Recreation Department honored Stone Mountain, its...
— Sep 9, 2002

J. Crew Losses Narrow To $7.1M in 2nd Quarter

NEW YORK - Despite a lower cost structure, J. Crew Group Inc. was unable to stave off second-quarter losses.

Losses narrowed to $7.1 million for the quarter from $8.6 million a year ago. The year-ago results included a $2.2 million pretax...
— Sep 9, 2002

Fashion Scoops: Wink and You'll Miss It ... Strings Attached ... No Souk for You ...

WINK AND YOU'LL MISS IT: Wink designer Wynn Smith is skipping the runways in September and instead is planning to send out a stylized look book of his spring collection. "We thought with the craziness of this short season that this would be the...
— Sep 9, 2002

Green Bids for U.K.'s Arcadia

LONDON - British tycoon Philip Green is set to become the U.K.'s largest clothing retailer.

Green, who already owns the department store chain British Home Stores Ltd. and the Mark One discount clothing shops, has made a proposed...
— Sep 9, 2002

Double-Digit Dip for Bebe Sales

NEW YORK - Lower unit prices and delivery delays pressured Bebe Stores' August same-store sales down a worse-than-expected 17.6 percent, but strength in its profit margins helped elevate its stock on Friday.

The Brisbane,...
— Sep 9, 2002

Industry Jobs Fall Again in August

WASHINGTON - Employment in the domestic textile and apparel industries in August continued to decline, as the rate of job loss also continued to be tempered, the Labor Department reported Friday.

Textile mills lost 1,000 jobs in August...
— Sep 9, 2002

Time for Charity

NEW YORK - Jewels can be a charity's best friend, and last week, jewelers Tiffany & Co. and de Grisogono celebrated good causes.

Tiffany took over Grand Central Terminal's Vanderbilt Hall for Walk Into Time, a special event to...
— Sep 9, 2002

Sander Flagship Bows in N.Y.

NEW YORK - Jil Sander diehards were shopping in full force Friday morning as the brand's flagship here made its debut.

The 7,000-square-foot store at 11 East 57th Street is an homage to the label's minimalist aesthetic. The...
— Sep 9, 2002

Bergdorf Gets a Kick Out of Shoes

NEW YORK - Bergdorf Goodman is putting a new shine on its shoes.

The Fifth Avenue specialty store unveiled the third phase in its head-to-toe overhaul last week with a new, 7,300-square-foot shoe salon, twice the size of the former...
— Sep 9, 2002

An Inside Look at PPR

PARIS - Although Pinault-Printemps-Redoute has become best known for its majority stake in Gucci Group, the retailer remains a multinational conglomerate of widely divergent interests ranging from credit services to wood and building materials....
— Sep 9, 2002

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