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WWD 11/16/2005

WWD 11/16/2005

More Sunshine: Penney's Profits Soar, Sees Solid Holiday

A day after Wal-Mart expressed optimism about the holiday season, Penney's leaped in with a similar view about business over the next six weeks. On a conference call with investors, Ken Hicks, described the company's outlook as "cautiously optimistic."

Burberry First-Half Profits Slip

Burberry Group profits declined 2.7 percent in the first half to $96.7 million, mainly due to costs from its Project Atlas information technology overhaul.
— Nov 16, 2005

More Sunshine: Penney's Profits Soar, Sees Solid Holiday

J.C. Penney Co. Inc. posted vigorous third-quarter results -- beating Wall Street profit estimates by 2 cents -- but was cautious about holiday sales.
— Nov 16, 2005

Berge Celebrates 75th With Friends

Looking in fine fettle, the YSL dean hosted 130 friends Monday night to an informal sit-down dinner and champagne cocktail.
— Nov 16, 2005

Fashion Scoops: Comeback Kate ... Calling Zac ... Blue's Clues ...

Kate Moss, only recently out of a rehab clinic, has already bagged at least one advertising campaign.
— Nov 16, 2005

Pared-Down Saks Posts Solid Quarter

Amid a dramatic transition, Saks Inc. delivered strong third-quarter operating results, reversing a year-ago loss, as sales fell 11.2 percent.
— Nov 16, 2005

Combs' Voter Drive Said Under Review

The FEC is apparently looking into whether Sean "Diddy" Combs' "Vote or Die" campaign during the 2004 election violated federal law.
— Nov 16, 2005

In Brief: Royal Flush ... United Reverses Loss ... Golden Gate's Purchase

A brief look at some of the day's stories.
— Nov 16, 2005

Movado Celebrating Expanded Short Hills Presence

Movado is rolling out the red carpet for an expected 150 guests in the Mall at Short Hills in New Jersey tonight, and has good cause to celebrate.
— Nov 16, 2005

Ross to LVMH As Senior VP

Katherine Ross has resurfaced at LVMH Moët Hennessy Louis Vuitton.
— Nov 16, 2005

Retail Scouting the Buxton Way

Buxton Co., a consumer and retail research and planning firm, is using its huge database to help retailers plan for the future.
— Nov 16, 2005

Indigo Palms Branches Out

Indigo Palms is ready to show off its chinos.
— Nov 16, 2005

A Feminine Spring for Knitwear

When it comes to knitwear these days, it's anything but simple.
— Nov 16, 2005

There's No Banking on Star Power

Celebrity mojo apparently isn't working much magic for fashion brands.
— Nov 16, 2005

Specialty Outpaces Analysts' Estimates

Propelled by a 20.4 percent sales increase, American Eagle Outfitters Inc. beat Wall Street profit estimates by a penny while Abercrombie & Fitch Inc. raced past estimates on a 35.1 percent sales gain.
— Nov 16, 2005

October Retail Sales Increase 3.1 Percent

Better-than-expected apparel sales and lower gasoline prices pumped up retail sales in October.
— Nov 16, 2005

Hilfiger Opens in Zurich

Continuing his march on Europe, Tommy Hilfiger has opened a 3,900-square-foot boutique in Zurich.
— Nov 16, 2005

Beauty Beat: Avon Retools to Grow

After a tough 2005, Avon Products plans to reignite growth with a multiyear restructuring effort.
— Nov 16, 2005

Taking on KIDS as a Cause

Former president Bill Clinton; Petra Nemcova, the supermodel who survived the tsunami, and 320 retail and fashion executives celebrated two big milestones for Kids in Distressed Situations last week at the St. Regis Hotel.
— Nov 16, 2005

Top Stylists Plunge Into Design of New Label

As stylists to Mary-Kate and Ashley Olsen, Mandy Moore, Jessica Biel, Eva Mendes and other Hollywood "It" girls, Cristina Ehrlich and Estee Stanley have their pick of frocks from the world's designers.
— Nov 16, 2005

West Watch: Provocateur In Vegas ... Footloose and Lucky

It was a birthday bonanza of sorts Saturday night in Las Vegas when Agent Provocateur marked the first year of its retail door in Sin City and the 10-year milestone for the company by also celebrating Kelly Osbourne's 21st birthday.
— Nov 16, 2005

Wholesale Apparel Prices Decline 0.7% in October

Continuing to battle increasing imports, domestic apparel producers cut wholesale prices on women's and girls' apparel 0.7 percent in October.
— Nov 16, 2005

Memo Pad: Falling Off The Bandwagon ... Going, Going, Gone ... More Churn At Bazaar

The impact of Us Weekly's success on the publishing industry has been roughly akin to the effect the 1849 California gold strike had on pickax owners.
— Nov 16, 2005

The Challenge of Change

"There is no compromise. It might sound strange, but there is no compromise."
— Nov 16, 2005

Polet's Prescription for Changing Gucci

When Robert Polet became president and chief executive officer of the $3.4 billion Gucci Group in July 2004, he was charged with guiding several of the world's most prominent luxury brands through a period of wrenching transition.
— Nov 16, 2005

The Transformation Of Vera Wang

In 16 years, Vera Wang has made the leap from bridal designer to running a $300 million lifestyle brand that covers sportswear, fragrance, footwear, lingerie, fine jewelry, stationery and even a coffee table book.
— Nov 16, 2005

Executive Club

The evening began with a more intimate gathering for the summit's sponsors on the candlelit 14th floor of The Ritz-Carlton New York in Battery Park with full views of New York Harbor and the Statue of Liberty.
— Nov 16, 2005

Polo's Way With 'Merchan-tainment'

How things have changed for David Lauren in the past five years.
— Nov 16, 2005

Delivering on Imagination at Apple

Apple broke every rule of traditional retailing when it set out to open a network of stores three years ago.
— Nov 16, 2005

Nicolas Ghesquiere Makes Choices, Not Compromises

Nicolas Ghesquiere may very well be the most sought-after designer in fashion, even if most people cannot pronounce his name.
— Nov 16, 2005

Penney's Ullman: After the Turnaround

Myron "Mike" Ullman 3rd became chairman and chief executive of J.C. Penney Co. Inc. in December 2004, when the company was already deep into a multi-year turnaround and showing strong results.
— Nov 16, 2005

Del Vecchio: The Past as Future at Brooks

Claudio Del Vecchio is a master of the juggling act.
— Nov 16, 2005

Scott Sharpens Aim at Bebe

The Bebe appeal is sexy, edgy and not at all mainstream America. Yet the specialty chain believes it's got $1 billion potential.
— Nov 16, 2005

Grossman: Changing the Game at Nike

Nike Inc. is a global sporting giant with legions of fans around the world. But only in the last few years has the company begun to tap women consumers in a significant way.
— Nov 16, 2005

Wiseman: Steering VF Into New Waters

Setting a new course for a $6 billion apparel behemoth is a bit like turning a battleship, but that's what Greensboro, N.C.-based VF Corp. has managed to accomplish in the past few years.
— Nov 16, 2005

Marzotto: A Focus on Fashion

On July 1, storied Italian textile firm Marzotto SpA spun off its fashion holdings into a new concern, Valentino Fashion Group, with shares trading on the Milan Bourse.
— Nov 16, 2005

Powering Brands With Emotion

The fashion industry needs to do a better job pumping out lovemarks.
— Nov 16, 2005

Cultivating the Chinese Opportunity

Marjorie Yang has witnessed firsthand the progress China has made over the last 20 years.
— Nov 16, 2005

Lyne's Rebuilding Blueprint

In a conversation between James Citrin, senior director of Spencer Stuart, and Susan Lyne, Martha Stewart Living Omnimedia president and chief executive officer, Lyne alternated between candor and caginess.
— Nov 16, 2005

Gore's Kelly: No Titles, All Team

Terri Kelly is a firm believer that the titles of president and chief executive officer apply to her only when she is outside the walls of the headquarters of W. L. Gore & Associates in Newark, Del.
— Nov 16, 2005

Spooner: Art of the Deal

David Spooner had not lost his sense of humor, despite having spent the three prior days in exhaustive negotiations with Chinese trade officials in Washington.
— Nov 16, 2005

Nervous Markets, Consumer Jitters

Gross domestic product growth is robust, hovering above 3 percent. Unemployment is low at about 5 percent.
— Nov 16, 2005

Mosler Touts Making the Best Choices

American companies should explore China and India when seeking a global platform from which to build their businesses.
— Nov 16, 2005

Grocer Adds a Personal Touch to Loyalty

Gary Hawkins, chief executive officer of independent grocer Green Hills of Syracuse, N.Y., and ceo of retail consulting firm Hawkins Strategic LLC, has built his business on rewarding loyal customers.
— Nov 16, 2005

Doing the Math to Improve Results

Scott Friend, the co-founder and former president of ProfitLogic, which was acquired by Oracle this year, likes to tell a funny story about what retailing was like before the age of massive chains and mergers.
— Nov 16, 2005

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