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WWD 02/26/2003

WWD 02/26/2003

Lundgren Takes Helm As Federated Returns To Black in 4th Qtr.

It's back to some of the fundamentals for Federated Department Stores, which has a new ceo in Terry J. Lundgren, and a new corporate structure.

Lundgren Takes Helm As Federated Returns To Black in 4th Qtr.

It's back to some of the fundamentals for Federated Department Stores, which has a new ceo in Terry J. Lundgren, and a new corporate structure.
— Feb 26, 2003

A Fitting Day for Calvin

In his first retail appearance in several years and the first since selling his company, Calvin Klein worked the floors at Bergdorf Goodman on Tuesday.
— Feb 26, 2003

Spiegel Faces Credit Crisis

Stung by obligations connected to its credit card operations, Spiegel said it may not have sufficient funds and is actively seeking help.
— Feb 26, 2003

Consumer Confidence: Lowest Since 1993

Uncertainty about conditions at home and abroad dragged down consumer confidence to its lowest level in nearly 10 years in February.
— Feb 26, 2003

In Brief

CONAWAY ON THE LINE: Kmart Corp.'s lawyers said in bankruptcy court Tuesday that, because former chief executive Charles Conaway failed to warn its board of liquidity problems, the bankrupt discounter intends to try to make Conaway repay a $5...
— Feb 26, 2003

Correction

Inez Van Lamsveerde has designed a cotton cashmere camisole for Lutz & Patmos' spring line. The guest designer was incorrectly identified in an item on page 12 Tuesday.
— Feb 26, 2003

ATMI, Japanese Mills Reach Trade Accord

WASHINGTON - The American Textile Manufacturers Institute has reached an agreement with the Japan Textile Federation to develop a common agenda with other major developed countries in the World Trade Organization talks.

The ATMI and JTF...
— Feb 26, 2003

Mizrahi Deal at Target

Isaac Mizrahi has a new licensing deal with Target, for his first sportswear collection in more than four years, bowing in August.
— Feb 26, 2003

Turkey OK's U.S. Troops

WASHINGTON - Turkey's cabinet, ending a tense deadlock Monday, voted to allow the deployment of U.S. combat troops in advance of a possible war with Iraq.

But agreement on the proposed multibillion economic aid package for...
— Feb 26, 2003

Dallas Ice Not Nice for Retail

DALLAS - A heavy sleet storm Monday night layered one to three inches of ice over roads in North Texas, closing schools and many offices Tuesday and putting a big chill on retail sales. Local merchants were concerned that the possibility of more...
— Feb 26, 2003

American Eagle Profits Falter

Fourth-quarter earnings at youth retailer American Eagle Outfitters declined 11.4 percent on a 4.6 percent decline in comparable-store sales.
— Feb 26, 2003

Fashion Scoops: The Herrera Files ... Grapes of Fath

THE HERRERA FILES: Damiano Biella's departure from Carolina Herrera as its creative director two weeks ago left a vacancy that might soon be filled. Sources said Hervé Pierre Braillard, the former design director at Bill Blass who was let...
— Feb 26, 2003

The French Revolution

Vive la mode. That's the prognosis for moderate sportswear in France, where there's a major shift away from basics.
— Feb 26, 2003

From Sheep to Shop: New Look's Quick Turn

LONDON - When England scored its winning goal against Argentina at the World Cup last summer, life here ground to a halt and champagne corks popped everywhere, except for the New Look factories in the southwestern county of Dorset.

Minutes...
— Feb 26, 2003

German Stores: Autobahn Approach

BERLIN - Germany's moderate fashion manufacturers are on the fast track.

They said speed and logistics are the key to survival in a slow and shrinking retail market. A minimum of 12 deliveries, coupled with frequent flash programs,...
— Feb 26, 2003

Italy's Diversified Pie

MILAN - Not far from Milan's designer-dominated Via Monte Napoleone is a street where average Italians shop.

There's not a Gucci or a Prada to be found on Corso Buenos Aires. It's a 3/4-mile stretch of road crammed with...
— Feb 26, 2003

Topshop's Lofty Status

LONDON - There's no stopping Topshop, the fashion retail emporium that attracts four times as many visitors than The Tower of London.

Once a dull, teen-focused clothing store, Topshop, which attracts 180,000 visitors each week, is...
— Feb 26, 2003

Retail Jitters Hit Military Towns

The departure of military troops is now a reality in towns across the South. Beyond the toll on families, deployment can be tough on businesses, too.
— Feb 26, 2003

Europe Fuels Fossil in 4th Quarter

NEW YORK - Boosted by astronomical sales gains in Europe and elsewhere on the international front, Fossil Inc. on Tuesday reported double-digit gains in both sales and profits for the fourth quarter and year.

For the three months ended...
— Feb 26, 2003

Shares of Wella In State of Flux Amid Sale Talks

BERLIN - Wella was back in the financial news this week.

Rumors that Wella's majority shareholders, the Ströher family, might be reconsidering their position on the possible sale of the German hair and cosmetics company briefly...
— Feb 26, 2003

Suzy

The social set is gearing up for a slew of parties, from New York to Paris. Plus, the Crown Princess of Sweden hits boot camp.
— Feb 26, 2003

On and Off the Strip

POOL

The Pool show, held at the Alexis Park Hotel for the second year, is still running strong on the buzz it created among buyers last August. This time, the show opened a day before WWDMAGIC and drew approximately 800 buyers from such...
— Feb 26, 2003

Cole Income Soars

NEW YORK - Kenneth Cole Productions Inc. on Tuesday reported that strong revenue growth sent profits soaring in the fourth quarter.

For the three months ended Dec. 31, the New York-based footwear, apparel and accessories marketer reported...
— Feb 26, 2003

Just Glisten

NEW YORK - Sparkling beads and sequins are usually thought of as evening details, but, in the right hands, they can be equally effective for day. Vera Wang, for example, who knows a thing or two about creating fab evening dresses, also used these...
— Feb 26, 2003

Sluggish Sales Aside, Federated Turns Profit

NEW YORK - Federated Department Stores Inc. may have a new captain in Terry Lundgren, but the problem of its shrinking top line remains the same.

Despite the absence of a revenue run-up, Federated was able to improve its earnings,...
— Feb 26, 2003

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