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WWD 11/21/2002

WWD 11/21/2002

The Wal-Mart World: Giant Reaches Out With Banks, C-Stores

Obituary: John Whitacre, 50, Ex-Nordstrom CEO

NEW YORK - John J. Whitacre, a career Nordstrom executive who started as a shoe salesman and rose to become the only non-Nordstrom family member to lead the chain, died of a heart attack Monday. He was 50.

The 6-foot-5 Whitacre was an...
— Nov 21, 2002

Talbots Earnings Inch Up 2%

NEW YORK - Choosing caution over risk, The Talbots Inc. Wednesday posted higher third-quarter earnings despite lower comparable-store sales.

Income for the three months ended Nov. 2 was up 2 percent to $37.4 million, or 63 cents a diluted...
— Nov 21, 2002

Sales Spike Drives Hot Topic Net

NEW YORK - Solid back-to-school and Halloween selling seasons added up to double-digit profit and sales gains for Hot Topic Inc., the rock-oriented specialty teen retailer.

The City of Industry, Calif.-based retailer said for the three...
— Nov 21, 2002

Mudd: Ready for Prime Time

Mudd: Ready for Prime Time

Mudd Inc. executives believe their jeans are so cool they have a life of their own.

That's the not-so-subtle message behind the company's upcoming TV ad campaign, which will mark the New...
— Nov 21, 2002

On The Rise

With a population of 14 million in the U.S., teen girls spent $13 billion on fashion last year. In fact, they spend more on clothes than adults, thanks to peer pressure and the need to replenish their wardrobes as they grow. This generation of fickle...
— Nov 21, 2002

By The Number

Whether it's an up or down year for the stock market, whether the designers are hitting new heights of creativity or dawdling in dullness, teenage girls are a growth market.

While teens' apparel purchases are influenced by economic...
— Nov 21, 2002

The Junior League

The teen apparel market, with junior sportswear at its core, can be the most fickle of categories, but also among the most lucrative.

After all, teens spend a great deal of their free time at the mall looking for the next big thing in fashion....
— Nov 21, 2002

Street Smart

In the urban apparel market, the axiom is: "You can't compete, if you don't know the street."

With intense competition for a customer base that's measured as much by its growth as for its influence on other markets, streetwear...
— Nov 21, 2002

The Survey Says...

WWD asked a smattering of teens across the U.S. and Europe to reveal some of their favorite things. Here are the results of the unscientific survey:



"I like the Gap ads because they're not boring," said Raquel "Rocky" Espana, a...
— Nov 21, 2002

The Chains Gang

Ask teens to identify their favorite specialty store at the mall and the result will likely be a more spirited debate than will likely be heard in their high school social studies classes.

As they've demonstrated repeatedly over the last...
— Nov 21, 2002

London's Fashion Festival

Topshop can be called a fashion amusement park.

The 65,000-square-foot flagship in Oxford Circus features loud music, glittering merchandise and a sense of discovery and adventure. It has become a mecca for fashion lovers, drawn by the mystery...
— Nov 21, 2002

The Denim Dynamic

he boom times for denim has created a hotbed of activity in the junior jeans sector.

For five years, LEI, Mudd and Paris Blues dominated the market, but today those brands have lots of competition. Lines like Angels and Bongo are climbing the...
— Nov 21, 2002

Department Stores Jump Into Juniors

Teens never want to hang out at the same place as their parents, but lately they've been running into each other at the mall.

That's because department stores, which always thought of themselves as multigenerational but generally...
— Nov 21, 2002

Tracking Beauty

Like the young women it caters to, the teen beauty market can be a fickle business.

Since Jane Cosmetics hit the drugstore scene in 1994, formally declaring there was a youth market to be had, a succession of brands and retailers have plied the...
— Nov 21, 2002

The Shipping News

NEW YORK - After a short hiatus, cargo pants are back. And, not surprisingly, they're turning up in the denim market, where stylish-yet-comfortable utility looks reign. Here, Guess' pastel version in cotton, nylon and spandex, worn...
— Nov 21, 2002

The Wal-Mart World: Giant Reaches Out With Banks, C-Stores

NEW YORK - Like a James Bond character who will stop at nothing short of global hegemony, Wal-Mart seemingly wants to rule the world. The $218 billion Bentonville, Ark.-giant has been gobbling up its discount competitors' market share,...
— Nov 21, 2002

Wal-Mart Regroups For Stores in Dallas

DALLAS - As the biggest company on the planet, Wal-Mart isn't used to getting beat.

But, as reported last week, the megamerchant's mighty muscles weren't strong enough to power its bid to build an urban SuperCenter near...
— Nov 21, 2002

Quiksilver Acquires Two Global Licensees

LOS ANGELES - In its quest to become a billion-dollar lifestyle powerhouse, Quiksilver Inc. has structured a $93 million cash and stock deal that will bring its Japanese and Australian licensees under its control.

The Huntington Beach,...
— Nov 21, 2002

In Brief

UNITE'S NEW GAP TACTIC: UNITE's ongoing battle with Gap Inc. isn't taking a respite for the holidays. The union said Wednesday it plans to hang a three-story banner outside the windows of its Times Square offices featuring a picture...
— Nov 21, 2002

Philippines Requests U.S. Quota Increases

WASHINGTON - Following in the footsteps of other countries, the Philippines has asked the U.S. for quota increases on apparel and textiles.

Secretary Mar Roxas of the Philippines Department of Trade and Industry said he discussed several...
— Nov 21, 2002

Rochas Names Theyskens Creative Head

PARIS - Rochas is banking on Olivier Theyskens to steer it out of fashion's hinterlands.

The Paris fashion and beauty house, which is owned by German cosmetics giant Wella, on Thursday said it has named the precocious Belgian as its...
— Nov 21, 2002

Fashion Scoops: Shopping Mystery ... Fifth Avenue's Priciest Display ... Like Father ...

SHOPPING MYSTERY: While Michael Kors has seen his share of trunk shows and store fetes, he's still puzzled by revelers who like to shop while they party down. But that's just the kind of girl who reads Lucky, co-sponsor of a shopping party...
— Nov 21, 2002

Customs Investigating $500M in Illegal Goods

NEW YORK - The U.S. Customs Service is investigating a smuggling incident in which $500 million worth of apparel entered the country through West Coast ports and evaded duties, according to an official with the service.

At a meeting...
— Nov 21, 2002

Solaris Power

LOS ANGELES - It's not every actress who can hold her own next to George Clooney's bare backside, but Natascha McElhone manages to do just that in "Solaris," the new Steven Soderbergh film opening Friday. In the film, a remake of the...
— Nov 21, 2002

Jackie Pack

With the airs of a state dinner, French First Lady Bernadette Chirac and arts patron Hélène David-Weill welcomed Caroline Kennedy Schlossberg, Lee Radziwill and Sen. Ted Kennedy to the black-tie opening of "Jacqueline Kennedy, The White...
— Nov 21, 2002

EYE SCOOP

FULLY BOOKED: Friends have made sure that the Duchess of Devonshire - Debo to those in the know - is having an action-packed trip to New York to launch her new book, "Counting My Chickens." On Tuesday night, Oscar and Annette de la Renta...
— Nov 21, 2002

Capitol Gains

Department, specialty and mass retailers want to influence Washington decision making and consider the cost of lobbying a necessary business expense. Here's a rundown of 10 retailers, ranked in descending order by lobbying expenditures. The...
— Nov 21, 2002

Union-Backed Group Taking on Wal-Mart

NEW YORK - Contending that Wal-Mart Stores' intense focus on cutting costs and steamrolling its competitors is jeopardizing the future of the American middle class, an alliance of unions and other social activists calling itself the...
— Nov 21, 2002

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