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WWD 02/26/2009

WWD 02/26/2009

Battling the Downturn: Saks Posts $99M Loss


Soft spending and markdowns hurt luxury retailer.

SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLES

Dundas Readies for Pucci Debut

Peter Dundas says his new collection for Pucci was inspired by everything from the house's well-stocked archives to the Renaissance Palazzo Pucci.
— Feb 27, 2009

Philip Green Consolidates Operations

Retailer to merge Bhs into Arcadia, parent of brands including Topshop, Topman and Miss Selfridge.
— Feb 26, 2009

House Passes $410 Billion Spending Bill

Measure increases government agency funding by 8 percent.
— Feb 26, 2009

Illegal Conditions Alleged at Guatemala Factory

The National Labor Committee, alleged Wednesday that a factory near Guatemala City was producing apparel for under sweatshop conditions.
— Feb 26, 2009

TJX Sees Net Drop, but Beats Estimates

The TJX Cos. Inc. on Wednes­day reported a decline in fourth-quarter profits but finished the period ahead of Wall Street's expectations.
— Feb 26, 2009

True Religion Earnings Rise

True Religion Apparel Inc. posts double-digit sales and earnings gains for the fourth quarter and full year.
— Feb 26, 2009

Coral Line

For a fashion crowd attuned to the rise and fall of heels and hemlines, the term "coral consciousness" sounds like the sign of a color trend.
— Feb 26, 2009

Color Returns: Coterie Aims to Excite

Attendees at this season's Fashion Coterie trade show in New York continued their quest for brightly colored merchandise, low prices and top-notch quality.
— Feb 26, 2009

Rendez-Vous Debuts in New York

Retailers headed to the Altman Building last weekend to check out Rendez-Vous, the Paris-based trade show.
— Feb 26, 2009

New Men's Day in London Fashion Week

This season the British Fashion Council decided to give men's designers their own dedicated day to shine.
— Feb 26, 2009

Lower Prices Lure Buyers at Dallas Men's Show

Vendors offer quality items for fall in less-expensive materials.
— Feb 26, 2009

Charlie Sheen, Toby Keith Unveil Men's Lines

Charlie Sheen and country artist Toby Keith introduce men's apparel lines.
— Feb 26, 2009

Judge Approves Fortunoff Sale

Going-out-of-business sales will begin today at Fortunoff Holdings LLC's 20 retail locations.
— Feb 26, 2009

YSL Auction Raises $484.6M

The auction of the Yves Saint Laurent and Pierre Berge art collection broke records.
— Feb 26, 2009

Gap Goes to Rhode Island School of Design

Thirty RISD students refashion Gap's classic spring cardigan.
— Feb 26, 2009

Max Mara's Slow and Steady Course

Italian firm Max Mara becomes a $1.4 billion powerhouse, quietly.
— Feb 26, 2009

Olsens' Elizabeth and James Launches Men's

Mary-Kate and Ashley Olsen start men's under both their labels, The Row and Elizabeth and James, for fall.
— Feb 26, 2009

Paris Preview: Ones to Watch

Designers creating buzz around the City of Light.
— Feb 26, 2009

Memo Pad: 'The Black List' Debuts on HBO... Martha Stewart Posts $8M Loss...

Timothy Greenfield-Sanders and Elvis Mitchell look pretty prescient right now.
— Feb 26, 2009

Runway Playlist: London

Music from the Nineties blares on the London Fashion Week runways.
— Feb 26, 2009

Levi Names President of Asia-Pacific Division

Levi Strauss & Co. has named Aaron Keong Boey as president of its Asia-Pacific division, based in Singapore.
— Feb 26, 2009

Glamour Celebrates 70th: Portrait Artists

Art and fashion collided Monday night when Glamour celebrated its 70th anniversary with an art show and candlelit dinner.
— Feb 26, 2009

Paris: Scene

Do, see, eat and play in Paris.
— Feb 26, 2009

Studiohomme.com Targets Male Luxe Shoppers

Studiohomme.com is one of the growing number of e-commerce sites catering to the fashion-hungry male consumer.
— Feb 26, 2009

Tween Brands, Zale Surprise With Quarterly Losses

Tween Brands Inc. and Zale Corp. disappointed Wall Street with substantial losses and outlined plans to reduce costs through job cuts.
— Feb 26, 2009

Ittierre SpA Gets Funding

Ittierre SpA has secured itself a lifeline.
— Feb 26, 2009

Michelle's Choices... Scarlett's Turn... Art Scene...

In her first weeks in the White House, First Lady Michelle Obama has remained true to her fashion philosophy of embracing a diverse crop of American designers.
— Feb 26, 2009

Daily Stock Wrap: February 25, 2009

The day's gainers and losers.
— Feb 26, 2009

Saks Opens Men's Store in Palm Beach

Saks Fifth Avenue has opened a men's-only store in Palm Beach, Fla., a traditionally strong market for the luxury retailer.
— Feb 26, 2009

Saks Revamps Bridge Floor

In all 53 Saks stores across the country, Wear departments opened this week.
— Feb 26, 2009

Paris Fashion Week Calendar

The schedule for Paris Fashion Week.
— Feb 26, 2009

Up Close With Trevor Andrew

WWD goes shopping with Olympic snowboarder Trevor Andrew.
— Feb 26, 2009

Fall 2009 Runway Trend: A Fine Romance

Ruffles, frills and rosettes give a soft and ultrafeminine spin to everything from knitwear to evening gowns.
— Feb 25, 2009

Former Marionnaud Parfumeries CEO Guilty of Insider Trading

Marcel Frydman and his son, Gérald Frydman have been found guilty of and fined for insider trading while at the perfumery between 2002 and 2004.
— Feb 25, 2009

Henkel Net Profits Up 32.6 Percent in 2008

German cosmetics and household products giant Henkel reported a 248.6 percent fourth-quarter 2008 net earnings leap to 861 million euros.
— Feb 25, 2009

Battling the Downturn: Saks Posts $99M Loss

Amid the pullback in luxury spending and markdowns, luxury retailer Saks Fifth Avenue's fourth-quarter deficit reached $98.8 million.
— Feb 25, 2009

H&M Plans to Open First Store in South Korea

Seoul store will open in 2010.
— Feb 25, 2009

Bedat & Co. Sold to Malaysian Firm

Gucci Group sheds niche watchmaker to Luxury Concepts Watches & Jewelry.
— Feb 25, 2009

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