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Friday, August 18, 2006 TODAY'S TOP STORIES Gap Sees Profits Tumble 52.9% Gap Inc.'s net earnings plummeted 53 percent, to $128 million, in the second quarter ended July 29, on flat sales of $3.7 billion. Nordstrom Net Jumps 20% Boosted by the annual July sale, Nordstrom's second-quarter net gained 20 percent, to $178.8 million, as sales grew 7.8 percent, to $2.3 billion. Newsstand Sales Slide in 1st Half Blame it on the increasing number of magazines battling for pockets, or high gas prices decreasing the number of consumer trips to the mall, but the newsstand is becoming bloody territory for a number of publishers. _________________________________________________ JOB OF THE DAY Product Development Manager New York fashion house needs a proven Product Development Manager to oversee entire production process, including monitoring development cycle, the implementation of quality control standards, color, fabric and prototype approval and management of entire production team. WebPDM a must! Salary to $70k. Apply at wwd@24seveninc.com _________________________________________________ RETAIL Urban Outfitters Continues Measured European Growth. Urban Outfitters, the Philadelphia contemporary retailer, is set to open its 100th store in Copenhagen, which symbolizes its international growth. Specialty Stores See Weak Comps, Flat Net Specialty retailers reporting quarterly figures Thursday saw earnings affected by option expensing, settlement gains and weaker sales. Uniqlo Said Eyeing Meatpacking Locale Uniqlo, in the midst of a massive publicity blitz for a new 36,000-square-foot flagship in Manhattan's SoHo that will be its largest venue, has a secret. FINANCIAL Sears Earnings Rise, Sales Slip Sears Holdings Corp. saw net income jump 83 percent, to $294 million, in the second quarter, on sales that fell 3 percent, to $12.8 billion. Arden Posts Loss in Quarter Due to a number of "external challenges" Elizabeth Arden Inc. faced in fiscal 2006, the company experienced a net loss of $1.9 million in the fourth quarter, noted chairman and chief executive officer E. Scott Beattie. GENERAL Quote of the Week Some of the same issues affecting our customers, such as higher utility costs and gas prices, are impacting corporations like Wal-Mart, as well." Scaasi Steals Show at CFDA Fete "The wonderful thing about having your own party is you can do whatever you want," blared Arnold Scaasi into a microphone from the top of the staircase overlooking the courtyard of his Beekman Place apartment building. Fashion Group Sets Honorees The Fashion Group International has lined up its honorees for the 23rd Night of Stars gala on Oct. 26. Everything But Water Owner Adds Water Water Everywhere Bear Growth Capital Partners already had Everything But Water, and now it's getting Water Water Everywhere. Bush Signs Bill Tying Up CAFTA Loopholes President Bush signed a bill intended to help textile producers and importers doing business in Central America recoup financial losses. _________________________________________________ WWD100 The big names score once again in this, the ninth annual WWD100 survey of consumer brand awareness. Check out the fashion and accessories names women know best. http://www.wwd.com/wwd/wwd100 _________________________________________________ BEAUTY REPORT Dakar Puts Time on Her Side Sonya Dakar wants to turn back time with a new antiaging line set to launch this fall. MD Skincare Spots Dollars in Acne Spot on? If Dennis Gross has anything to say about it, it will be "spot off." Skin Is in for Lorac Carol Shaw is planning to go well beyond the surface with her two new skin care offerings this fall. Some Travel Retail Brand Sales Said to Fall Nearly 50% While the turbulence in travel retail may have subsided since news of a foiled terrorist plot broke last week, smooth sailing it isn?t. Coty, Beckham Get Intimate With New Masterbrand Coty is bolstering the Beckham brand with a his-and-hers duo, Intimately Beckham, an ode to soccer star David Beckham and wife Victoria. Critical Mass: Makeup Bags get a facelift From Markwins Markwins International hopes sales are in the bag. Men's Corner: Task Looks to Establish Foothold in U.S Task Essential, a men's personal care line produced in Switzerland and introduced in the U.S. last spring, is gearing up to launch new products and expand its limited distribution base. Dempsey On Board With Avon Avon has signed celebrity makeup artist Jillian Dempsey to be its global creative color director. HBA REPORT Natural Products Section, Textile Show Rejoin Extracts There were some familiar faces and new twists at this year's Extracts, a four-day biannual trade show focused on personal care and wellness. FASHION Fashion Scoops: Summer Schreck... St. John Back to Basics... Dinnigan on Screen Trust Karl Lagerfeld to jazz things up a little in August, which can be a slow month for fashion. Azria Designer Line Gets Own L.A. Door Max Azria, designer of the contemporary line BCBG Max Azria, is at last letting his separate designer collection stand on its own two feet. MEDIA/ADVERTISING Memo Pad: Picking Up the Pieces... Rolling In... Monday Becomes Friday James Frey, author of the best-selling memoir "A Million Little Pieces" that turned out to be partially fiction, may not be able to get a spot on Oprah's Book Club again, but BlackBook magazine is happy to take him. | |||||||||||||||||
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Note: Full text of the articles contained in this email is available only to subscribers.
To subscribe go to WWD online: www.pubservice.com/fcarchive.aspx?PC=WO&PK=454NEWS
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Posted by Hong Xiaowan to Fashion Design at 8/18/2006 12:09:59 AM
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