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WWD 05/17/2006

Reconfiguring Saks: Sale Boosts Profits, SFA Overhaul in Works

Saks Inc.'s first-quarter profits skyrocketed thanks to a one-time gain from the sale of its Northern Department Store Group, while its Saks Fifth Avenue unit's turnaround is under the spotlight.

Reconfiguring Saks: Sale Boosts Profits, SFA Overhaul in Works

Saks Inc.'s first-quarter profit soared from the sale of its Northern Department Store Group, but the Saks Fifth Avenue business still struggled.

— May 17, 2006

Wal-Mart Net Gains 6.3%

Wal-Mart Stores' first-quarter earnings beat estimates, but the firm raised concerns over higher gas and utility costs in the second quarter.

— May 17, 2006

Sweetface Names President

Andrea Scoli has been named president of Sweetface Fashion Co., which makes the JLo by Jennifer Lopez and Sweetface apparel lines.

— May 17, 2006

In Brief: Tee Time ... Downtown Theory

A brief look at some of the day's stories.

— May 17, 2006

Federated Ups 2Q Guidance on Tax Settlement

Federated Department Stores Inc. said Monday it will earn 33 cents per share more than expected in the second quarter because of a favorable tax settlement.

— May 17, 2006

A&F Net Jumps 39.1%, Ups 1st-Half Estimates

Abercrombie & Fitch Co. delivered a 39.1 percent increase in first-quarter net profits as its abercrombie and Hollister divisions clocked robust sales.

— May 17, 2006

American Eagle Sales, Earnings Rise

Buoyed by strong gross margin, American Eagle Outfitters reported first-quarter earnings increased 16.1 percent on a sales gain of 14 percent.

— May 17, 2006

CFDA Awards Show Gets Casual Addition

Next month's 2006 CFDA Fashion Awards will be an "Upstairs, Downstairs" affair.

— May 17, 2006

Fashion Scoops: It's Amore ... Black Widow ... Kiss Me, Kate ...

The latest bachelor in ABC's popular "The Bachelor" franchise has been named by ABC during the networks' "Upfronts" this week in New York.

— May 17, 2006

Dior's American Journey

The fashion world may be obsessed with Russia, India, China and Brazil, but the brass at Christian Dior still sees the U.S. as a land of opportunity.

— May 17, 2006

Image Awards Raise Record $1.2M

The 28th annual American Apparel and Footwear Association's American Image Awards on Monday night raised $1.2 million for St. Jude Children's Research Hospital.

— May 17, 2006

Alex Garfield Exits Harve Benard

Alex Garfield, co-founder of GarfieldMarks, which was bought by Harve Benard Ltd. five weeks ago, has left the company.

— May 17, 2006

Some Ads Sing Louder Than the Brands

A fashion brand may capture a consumer's eye with a clever ad, but how much farther will it get?

— May 17, 2006

Five IT Forces

As we do every year, WWDExecTech scoured the retail landscape to find five executives who have distinguished themselves as exceptional leaders in information technology.

— May 17, 2006

Bits & Bytes

Coutorture is a fashion network started by bloggers Julie Fredrickson of Almost Girl and Philip Leif Bjerknes of Millionaire Socialite.

— May 17, 2006

Danskin Designs New Web Store for Growth

Danskin Inc. plans to build a new online store to increase its already steep rate of growth.

— May 17, 2006

Worker Groups Applaud Bush Immigration Stance

Immigrant and labor groups on Tuesday applauded President Bush's position speech on immigration reform, as Congress prepares to tackle the controversial issue anew.

— May 17, 2006

Asprey's New Owners Moving NYC Outpost

Now that it has new owners, British luxury brand Asprey is moving to right its ship.

— May 17, 2006

New England Retailers Ride Out Floods

Many merchants expressed gratitude for Mother's Day on Sunday, which compelled shoppers to go out Saturday in search of gifts.

— May 17, 2006

Wholesale Apparel Prices Slide 0.4 Percent in April

Wholesale prices on domestically produced women's and girls' apparel fell 0.4 percent in April compared with a year earlier, the Labor Department said Tuesday.

— May 17, 2006

Beauty Beat: L'Artisan Looks to Up Male Clientele With New Scent ... Beer Unveils New Line ... N.Y.C. Cosmetics' Ad Blitz

L'Artisan Parfumeur is hoping its men's business will grow under the influence of its latest fragrance, Fou d'Absinthe (Mad About Absinthe, in English).

— May 17, 2006

USTR Nominee Schwab Queried on Trade Policy

Members of the Senate Finance Committee at her confirmation hearing Tuesday urged U.S. Trade Representative nominee Susan Schwab to take more of a hard-line approach when representing U.S. interests.

— May 17, 2006

Memo Pad: Time's Up ... Almost Had Him ... Not In The Entourage

By the time you read this, Time magazine may already have a new top editor.

— May 17, 2006

Public Lashing for NYT Public Editor

The incumbent New York Times ombudsman has found himself the object of exactly the kind of criticism ombudsmen are expected to dish out.

— May 17, 2006

Hilfiger Helps Raise $2.5M for MS Research

There was glitz and groove to spare at the 13th annual Race to Erase MS benefit, which raised a record $2.5 million for multiple sclerosis research.

— May 17, 2006

James Perse Takes California Look to Las Vegas

James Perse opened his fourth eponymous store last week in Las Vegas and plans three more in various locations by year's end.

— May 17, 2006

West Watch: Bello Focused ... Gaining Momentum

Maria Bello, the face of Max Mara's fall catalogue, is adopting a take-charge attitude to go with her new role.

— May 17, 2006

Petro Zillia to Bow First Store in L.A.

Nony Tochterman, the designer behind the playful Southern California fashion label Petro Zillia, will open her first store on Third Street here in July.

— May 17, 2006

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WWD 05/17/2006

WWD 05/17/2006

Reconfiguring Saks: Sale Boosts Profits, SFA Overhaul in Works

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