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WWD 01/29/2003

WWD 01/29/2003

Consumer Confidence Dives to 9-Year Low On Specter of a War

The slow but steady march toward a possible war helped weigh down consumer confidence in the U.S. economy this month to its lowest reading in more than nine years.

Consumer Confidence Dives to 9-Year Low On Specter of a War

NEW YORK - The slow but steady march toward a possible war helped weigh down consumer confidence in the U.S. economy this month to its lowest reading in more than nine years.

The Conference Board's index of consumer confidence,...
— Jan 29, 2003

Beauty Spiffs Up P&G Net

NEW YORK - Double-digit growth in beauty and health care led the Procter & Gamble Co. to post solid earnings growth in the second quarter.

For the three months ended Dec. 31, the Cincinnati-based megamanufacturer reported net income rose...
— Jan 29, 2003

Rising DTI Ups DuPont Profit

NEW YORK - Improved volumes and prices for nylon and spandex products helped the DuPont Textiles & Interiors division (DTI) contribute positively to the firm's fourth-quarter profits - though overall earnings fell due to a one-time...
— Jan 29, 2003

Taubman Curtails Voting Rights

NEW YORK - Robert Taubman, chairman and chief executive officer of Taubman Centers, has surrendered the additional voting power obtained from other shareholders to block a takeover move by rival Simon Property Group Inc.

The voting...
— Jan 29, 2003

In Brief

LESS IS MORE: Kmart Corp. on Tuesday received Chicago bankruptcy court approval to close 300-plus stores before it emerges from Chapter 11. However, the number of stores to be shuttered was reduced to 316, rather than the 326 it indicated when it...
— Jan 29, 2003

Suzy

First Lady Laura Bush will be the honored guest on Feb. 13 at the New York Public Library when the United Nations launches the Literacy Decade in the Celeste Bartos Forum. Later, there will be a reception in Astor Hall. Koichiro Matsuura, the...
— Jan 29, 2003

Spring Ads: Well-Grounded

NEW YORK - Major sportswear companies are going for a heavy dose of reality in their spring advertising.

Whether it's the lasting effect of Sept. 11, the flagging economy, unsteady world politics or a jolting combination, brands...
— Jan 29, 2003

Severance Suit Hits Sears

NEW YORK - A former Sears, Roebuck & Co. executive has filed a lawsuit in an Illinois state court alleging that the retailer wrongfully withheld severance benefits owed to him.

Kevin Keleghan, who was president of Sears' credit...
— Jan 29, 2003

Malden Sees Chap. 11 Exit

NEW YORK - A Massachusetts bankruptcy court judge on Tuesday approved an agreement in principle between Malden Mills Industries Inc. and its creditors that would allow the Lawrence, Mass.-based fleece maker to exit Chapter 11.

The plan...
— Jan 29, 2003

Forum Focuses on Iraq

GENEVA - A possible war in Iraq and its implications for the world economy have for months galvanized the minds of economic and political leaders - which is why it's no surprise that it dominated the agenda at this year's World...
— Jan 29, 2003

Ways and Means Chairman Backs Limited AGOA Deal

WASHINGTON - The September 2004 expiration of a U.S. trade provision allowing the poorest sub-Saharan African countries to use textiles from any country in making apparel, given duty-free breaks, should be extended only for a limited time,...
— Jan 29, 2003

Fashion Scoops: Kate the Great ... On With the Show ... My Lunch with Rudy ...

KATE THE GREAT: At the premiere of "How to Lose a Guy in 10 Days" in Los Angeles on Monday night, Kate Hudson, in drop-dead Jean Paul Gaultier couture, looked like a head-to-toe heartbreaker. "I have a crush on Kate Hudson," costar Matthew McConaughey...
— Jan 29, 2003

White at Night

PARIS - White for spring is a fashion tradition, and stunning evening dresses are a couture perennial, so designers who combine the two elements could expect winning results. And this season, they achieved them. Valentino, for example, who...
— Jan 29, 2003

ASR: Surfing for Fashion

LONG BEACH, Calif. - Is being too fashion-conscious a good thing?

That's a question vendors and retailers in the action sports market, which convened at the convention center here Jan. 23-25 for the ASR Expo, are grappling with as...
— Jan 29, 2003

Coping With Uncertainty Over War

Waiting, watching - and devising contingency plans, if at all possible. That is what retailers and manufacturers worldwide are doing as they, like everyone else, keep an eye on the situation in Iraq and wonder what the U.S. and other countries...
— Jan 29, 2003

A New Style for Club Monaco

NEW YORK - Club Monaco steps up its retail presence here with the opening of its flagship at 8 West 57th Street this week.

The 5,000-square-foot space is a prototype of the retailer's new design concept and features a 31-foot glass...
— Jan 29, 2003

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