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WWD 03/07/2005

WWD 03/07/2005

Chargebacks Crisis: Saks Inc. to Repay $21.5M to Vendors

Saks has revealed an internal investigation involving "improper collections of vendor markdown allowances" and said it would pay back, or otherwise compensate, unnamed resources in an amount to total $21.5 million.

Chargebacks Crisis: Saks Inc. to Repay $21.5M to Vendors

Saks Inc. said it is investigating "improper collections" of vendor markdowns and will restate earnings from fiscal 1999 to the third quarter of 2004.
— Mar 7, 2005

Undercurrents: Sexy Feast ... Bridal Belles ... Peek-a-Boudoir

Sexy Feast

When it opened its sprawling 7,000-square-foot floor dedicated exclusively to lingerie last November, New York's Henri Bendel seemed to be going out on a limb. Sure, lingerie was the number-one request by...
— Mar 7, 2005

Performance Art

Sweating in Michael Kors is never pretty.

That's why Olympic swimmer and Kors fan Amanda Beard likes to keep it simple when she is at the gym. "I need to work out in comfortable, durable clothes that I can sweat in," says...
— Mar 7, 2005

Plastic Fantastic

Sometimes, a woman's got to flaunt her assets to get the job done. And as the old adage goes, the bigger, the better.

How superficial, you may say. Well, consider that the woman in question is molded from resin, and her job is to sell...
— Mar 7, 2005

Fantasy and Reality - Comme des Garcons, Christian Lacroix, Hermes, Chloe

Comme des Garçons: And now, for the bride-to-be who's not afraid of bewildering the in-laws when she takes to the aisle, comes Rei Kawakubo's beautifully quirky fleet of fantasy bridal fare. Making up for every season...
— Mar 7, 2005

The Tao of Design - Tao Comme des Garcons

Tao Comme des Garçons: Once upon a time Rei Kawakubo gave her talented protégé Junya Watanabe a shot at designing his own collection, and now Watanabe is doing his own talented assistant a good turn, too. In the...
— Mar 7, 2005

Pretty and Sportif - Junya Watanabe, Akris, Paco Rabanne, Nina Ricci, Giambattista Valli

Junya Watanabe: While Junya Watanabe didn't turn on the fake-rain spigots, as in that fabled show of yore, on Saturday morning he showered his audience with fabulous clothes, cleverly remixing a few of his favorite themes:...
— Mar 7, 2005

Bohemian and Artsy - Sonia Rykiel, Hussein Chalayan, Ann Demeulemeester, Y-3

Sonia Rykiel: Ah, Saint Germain. Who channels your bohemian chic spirit better than Sonia Rykiel? And the Left Bank designer hit the right tone again in a feisty collection of flirty dresses, cheeky knits and fluffy furs. Rykiel has...
— Mar 7, 2005

Masculin-Feminin - Loulou de la Falaise

Loulou de la Falaise: "Romantic tomboy," is how Loulou de la Falaise characterized her great collection of satin blouses, tweed jackets, kangaroo coats and high-waisted skirts. "There's more boyish stuff this...
— Mar 7, 2005

Sophisticated Ideas - Yves Saint Laurent, Valentino, Lanvin, John Galliano

Yves Saint Laurent: Talk about pressure. After his whirlwind ascent, the critical trashing of his first collection and its subsequent embrace by the Hollywood set, Stefano Pilati must have felt the weight of the world going into the...
— Mar 7, 2005

Fashion Scoops: Encore, Encore ... Safety Dance ... Labor of Love ...

ENCORE, ENCORE: Those who saw Uma Thurman in "Pulp Fiction" know the actress can dance. But in her upcoming roll in "The Producers," the blonde beauty will also sing. "My song is,...
— Mar 7, 2005

Luxe Layering, Fab Tailoring and Angst-y Chic - Chanel, Alexander McQueen, Louis Vuitton

Chanel: Baby, it's cold out there. And that's just the way Baby likes it, at least if she shops Chanel. 

While other designers have responded to fashion's recent overload of faux gentility and retro...
— Mar 7, 2005

Paris Message: It's All About Shape

Chanel, Alexander McQueen, Louis Vuitton and Yves Saint Laurent were among the highlights as the Paris collections wound down.
— Mar 7, 2005

Klatsky Departs PVH, Weber Steps Up

Bruce Klatsky will step down June 14 as ceo of Phillips-Van Heusen and be succeeded by Mark Weber, currently president and chief operating officer.
— Mar 7, 2005

Kerner Returns to Donna Karan

After leaving Donna Karan International in 2002 for A&F, Carole Kerner is returning to become president of the Donna Karan New York collection.
— Mar 7, 2005

Coming This Week

Monday: Accessories and Innerwear market week, New York (through Friday).

Dick's Sporting Goods reports fourth-quarter and year-end sales and earnings.

Tuesday: Texworld, Paris (through...
— Mar 7, 2005

In Brief: Kenzer's New President

KENZER'S NEW PRESIDENT: Kenzer Corp., a New York-based executive search firm with retail and wholesale distribution practices, has tapped 28-year company veteran Elaine C. Erickson to be president and chief operating officer. The...
— Mar 7, 2005

Sister, Sister

Talking with Alysson Paradis, who stars in the upcoming French film "When Angels Get Involved".
— Mar 7, 2005

Me, Myself and I

Here's looking at Lauren Bacall.
— Mar 7, 2005

Q&A: Sara Lee CEO Lee Chaden

WWD last week caught up with Lee Chaden, chief executive officer of Sara Lee Branded Apparel, who gave an overview of the spin-off and discussed business strategies for Sara Lee Branded Apparel.

WWD: Was Sara Lee ahead of the...
— Mar 7, 2005

Spin-off Deemed A 'Smart Move'

Sara Lee's move to spin off its apparel business is seen as a smart one that will create shareholder value and pump up its brands.
— Mar 7, 2005

Coach's First-Class Show

NEW YORK - Coach will host the Play for Peace concert in Tokyo on April 9 featuring Mandy Moore, N.E.R.D. and Mika Nakashima.

About 7,500 people are expected to attend the free concert. Limited-edition Scribble Signature wristbands will...
— Mar 7, 2005

Findings: Rock 'N' Roll ... Perlina Makes Strides ... Rafe's New Home

ROCKS 'N' ROLL: Jewelers are normally associated with Manhattan's uptown. But Swiss jeweler de Grisogono has an interest downtown.

Since the brand had planned to launch on Sept. 11, 2001, de Grisogono has made...
— Mar 7, 2005

Calvin and Oscar's Better Bags

Calvin Klein and Oscar de la Renta are jumping into better accessories, joining designers Michael Kors and Tommy Hilfiger in the field.
— Mar 7, 2005

Favaro Brings Tocca Into Bags

NEW YORK - Tocca, the fashion house known for its floral themes, feminine embroidery and cheeky colors, is hoping to reach full bloom with handbags.

The company has hired Muriel Favaro to design the line, and fall is her first...
— Mar 7, 2005

Ippolita's Golden Touch

NEW YORK - Jewelry designer Ippolita Rostagno sits in her Midtown showroom surrounded by a myriad of things: her golden baubles, a glass arm, a brass doorknob, an embellished leather apron. With feathers in her hair, she proudly gestures...
— Mar 7, 2005

Gerard Yosca Springs Into Fall

DALLAS - Gerard Yosca has been designing jewelry for 23 years and business has never been better.

The designer is enjoying a peak in popularity as his exotic wood jewelry and colorful brooches have struck a fashion...
— Mar 7, 2005

Beauty Beat: Mattsson Out at Oriflame ... Kebede Named WHO Ambassador

Mattsson Out at Oriflame

COPENHAGEN - Oriflame, the troubled Swedish cosmetics direct seller, said it has dismissed its chief executive, Sven Mattsson.

He will be replaced by Magnus Brannstrom, formerly the head...
— Mar 7, 2005

Industry Job Losses Mount

The pace of job losses in textiles and apparel manufacturing accelerated, as companies shed 5,600 jobs in February, the Labor Department reported.
— Mar 7, 2005

Sergio Rossi Appoints Isabelle Guichot CEO

Gucci Group has appointed Isabelle Guichot, its director of business development, as ceo of Sergio Rossi, replacing Claudio Paulich
— Mar 7, 2005

WWD Composite Stock Index vs. S&P 500



NEW YORK - The merger of Federated Department Stores Inc. and May Department Stores Co., combined with February same-store sales results that...
— Mar 7, 2005

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