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WWD 12/04/2003

WWD 12/04/2003

A New Luxury Standard: $50M Asprey Flagship Lands on Fifth Avenue

The Asprey push has begun. The venerable English brand has invested an estimated $50 million in its new 20,000-square-foot flagship at 723 Fifth Avenue here, which opened its doors quietly on Tuesday.

A New Luxury Standard: $50M Asprey Flagship Lands on Fifth Avenue

Lawrence Stroll and Silas Chou reportedly spent $100 million on both the expanded Asprey flagship in New York and London's Old Bond Street store.
— Dec 4, 2003

In Brief: Madison Avenue Gives...All In The Family...Friedman's New Team...

— Dec 4, 2003

Neiman Marcus Enjoys Surge in Profits

The resurgence of luxe shopping played directly into the hands of Neiman Marcus Group, which posted double-digit increases in sales and profits.
— Dec 4, 2003

Levi Strauss' Signature Line Begins Shipping to Target

Furthering its reach in the mass market, Levi's started shipping small quantities of its new Levi Strauss Signature line to select Target Stores this week.
— Dec 4, 2003

Fashion Scoops: Gwyneth Expecting...Landing The Top Gun...Star Academy...

GWYNETH EXPECTING: News of Gwyneth Paltrow's pregnancy hit the Internet Wednesday, but it doesn't appear to have slowed down her modeling work. The 31-year-old actress, who's expecting a child this summer with boyfriend Chris...
— Dec 4, 2003

Industry Meeting Termed 'Success'

WASHINGTON - Industrialist Wilbur Ross, in his new role as a mediator, has taken a step forward in building a consensus among a small group of high-level executives divided over critical issues in the Central America Free Trade...
— Dec 4, 2003

NYU Seminar Kicks Off Tonight

NEW YORK - New York University's fifth fashion conference, entitled "Fashion Legends and Legacies," runs tonight through Sunday at the New York Academy of Medicine, 1216 Fifth Avenue, here.

The sessions, which will ...
— Dec 4, 2003

Jacinda Blooms

Recognizing Jacinda Barrett, the other tall Australian actress.
— Dec 4, 2003

Real Simple

Just because you're seated at someone's table at a New York dinner party doesn't mean you get to speak with them. Though Martha Stewart introduced herself to Chloë Sevigny at a dinner at Sotheby's hosted by...
— Dec 4, 2003

Back Track

Outkast back-ups get noticed.
— Dec 4, 2003

Escada Sells Stake in Féraud

BERLIN - Eager to focus on its core business, Escada said Wednesday it sold its 90 percent stake in Louis Féraud GmbH to Bavariaring Modeholding AG, a subsidiary of Munich-based private equity firm Bavaria Industriekapital...
— Dec 4, 2003

Beauty Beat: Lancôme Artistic Head Fred Farrugia to Leave ... Del Announces Dividend ... Cosmoprof Event Added

PARIS - Fred Farrugia will end his tenure as Lancôme's artistic director for makeup in April 2004.

A seven-year veteran of the L'Oréal-owned brand, he has created 13 seasonal collections for Lancôme and some of...
— Dec 4, 2003

Joop There It Is - at Sotheby's

NEW YORK - Some 190 lots of Wolfgang Joop's treasures - enough midcentury French modern furniture to fill an entire home - go on view at Sotheby's here on Saturday with the hammer dropping on the collection on Dec. 12....
— Dec 4, 2003

Wal-Mart Nixes MasterCard Debit Cards

Wal-Mart said Wednesday it will no longer take signature-based transactions on MasterCard debit cards, effective Feb. 1.
— Dec 4, 2003

Settlement Talks Fail In Exec Life Lawsuit

PARIS - François Pinault, the French retail and luxury baron, could face over a hundred-million dollars in fines in a civil suit for his allegedly fraudulent role in the acquisition of failed California insurer Executive...
— Dec 4, 2003

France Honors Ralph Toledano

PARIS - You know you're in a room full of fashion professionals when a ribbon, mistakenly pinned on the wrong lapel, is greeted like an accessorizing "don't" - with a chorus of protest.

That's what...
— Dec 4, 2003

Time for Basic Training in Denim

Focus on the basics. That's pretty much the approach that vendors in the slumping jeans category are taking as they head into 2004.
— Dec 4, 2003

High-End Vendors Solidify Stances

NEW YORK - A key growth sector during the recent boom years for the denim market was high-end contemporary denim, with retail prices exceeding $100.

Some of the companies that enjoyed the growth of recent years are now moving to strengthen...
— Dec 4, 2003

Denim Dish: Evisu Sneaks Into Paris

Evisu, the denim brand with cult status in Japan, is making a sweeping style statement with its new Paris boutique.

Decorated by London's Hassan Abdullah, the 2,500-square-foot, three-level shop is a Baroque wonderland with kooky lamps...
— Dec 4, 2003

Denim Dish: Paris Blues Trades Up

Faced with intensifying price pressures in the moderate segment of the jeans business, Paris Blues is extending its offering into higher-end products.

The 22-year-old company is rolling out two new lines, Triple Q and Crème Royale,...
— Dec 4, 2003

Denim Dish: Sass & Bide to Bow in N.Y.

If you can make it there, you can make it anywhere." Apparently heeding the advice of Frank Sinatra, the Australian import Sass & Bide is planning to show its growing denim collection during New York fashion week in February, according to a...
— Dec 4, 2003

Firms Compel Teens to Buy

As teens continue to be the most fickle group of spenders, junior apparel firms plan to offer them plenty of must-haves in 2004.
— Dec 4, 2003

Activewear Firms Play the Field

Makers haven't abandoned tried-and-true gym-goers,but they are turning their attention to stylish women, teenagers and active moms.
— Dec 4, 2003

Off the Field

NEW YORK - From athletes pulling power trips to corporate giants eyeing alternative sports brands for marketing ideas, the activewear sector is abuzz.

The Summer Games in Athens are still months away, but Fila-sponsored Kim Clijsters has...
— Dec 4, 2003

Italian Introductions

MILAN - Tod's is increasingly working its way up from the feet to the arms.

To gauge consumer reaction, the luxury goods group has launched its first piece of jewelry, a steel bangle covered with ruby red crocodile skin and adorned...
— Dec 4, 2003

Belk's 3Q Earnings Skyrocket Sevenfold

NEW YORK - Belk Inc. parlayed better sales, lower costs and a gain on the sale of investment property into a sevenfold increase in third-quarter profits.

Net income for the three months ended Nov. 1 hit $17.6 million, more than seven...
— Dec 4, 2003

Movado Net Surges

NEW YORK - Strong sales of Tommy Hilfiger and Coach branded watches and expanded jewelry offerings in its boutique stores combined to propel Movado Group Inc. to a double-digit earnings increase in the third quarter.

For the three months...
— Dec 4, 2003

Bergdorf Goodman in Cyberspace

Bergdorf Goodman unofficially joined the 'Net crowd two weeks ago with an information-only site, and wants to launch e-transactions in fall 2004.
— Dec 4, 2003

Cacharel Forms Line For Teens

PARIS - Cacharel wants to bring its charming prints and French savoir faire to the junior market.

In an interview, president Jean Bousquet said the house had signed a deal to introduce a line targeting teenagers, starting for spring...
— Dec 4, 2003

Ruffle About

NEW YORK - Whether it's the tropical isles or the island of Manhattan, DKNY is prepared for both this summer. The collection works frills in a palette of hot pastels mixed with chic neutrals in an eclectic array of looks that works from...
— Dec 4, 2003

Loehmann's Net Falls 9%

NEW YORK - Declining comparable-store sales and rising costs from store openings impeded third-quarter earnings for Loehmann's Holdings Inc.

For the three months ended Nov. 1, net income for the Bronx, N.Y.-based women's...
— Dec 4, 2003

Tim Grumbacher Stepping Down As Bon-Ton CEO

NEW YORK - Bon-Ton Stores Inc. said chief executive officer Tim Grumbacher will resign from that position by the middle of next year, but will continue as chairman of the board.

Grumbacher, 63, became ceo in 2000 and has been chairman of...
— Dec 4, 2003

The Inner City: Retail's Next Frontier

NEW YORK - A wave of development is seeping into inner-city neighborhoods here, potentially bringing a higher grade of stores and hybrid retail centers to fashion-deprived communities, and keeping some of the bridge and tunnel crowd shopping...
— Dec 4, 2003

N.Y.'s First Lifestyle Center: The Plans and the Concerns

NEW YORK - The Shops at Atlas Park, the city's first lifestyle center to be located in Glendale, Queens, in 2005, is an experiment for sure.

For retailers, it's largely untested territory and well removed from more familiar...
— Dec 4, 2003

Urban Legends

The top 10 streetwear shops ranked by number of stores.
— Dec 4, 2003

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