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Wednesday, August 02, 2006 TODAY'S TOP STORIES Handbags, Cost-Cutting Drive Prada SpA Profits To Fivefold Gain in 2005 Prada SpA said Tuesday that growth across the board, in all its brands in all markets, coupled with cost-cutting helped propel the luxury group to a fivefold increase in net profits in 2005 on a 10 percent rise in sales. Strong Sales Boost Coach Net 31% Consistently bringing to market fashionable handbags and accessories drove Coach Inc.'s fourth-quarter sales up 23 percent and pushed profits up nearly 31 percent. Cerruti Sold, CEO and Designer Named The troubled fashion house Cerruti has a new owner, designer and chief executive. _________________________________________________ JOB OF THE DAY Director of Merchandising Prestigious New York-based Men's and Women's Apparel Company needs a Senior Merchant for its retail and wholesale business. This position will report directly to the President and will work closely with design, technical design and production. Salary to $130k. Apply at wwd@24seveninc.com _________________________________________________ GENERAL In Brief: Versace, Mitsui End Pact ... Cohen Joins New Concept A brief look at some of the day's stories. Hilfiger Taps Colleen Kelly Colleen Kelly, president of Calvin Klein Jeans at Warnaco Inc. for the past four years, has been named group president of the wholesale division at Tommy Hilfiger USA. RETAIL Rugby Headed to Greenwich Rugby is bringing its preppy clothes for the collegiate set to Greenwich, Conn., in November. _________________________________________________ Style Starts Here Subscribe to WWD and receive the newspaper 5 days a week Monday through Friday. Your print subscription includes the spring and fall issues of WWD The Magazine, issues of WWDSCOOP, market supplements on accessories, denim, swimwear and much more! Click here to subscribe or call 1-800-289-0273. _________________________________________________ IN THE MAINSTREAM Ads Reflect Better Lines' Rebirth Retailers are receiving the first shipments of three reincarnated women's better sportswear lines, and soon consumers will get their own introductions. FASHION Fashion Scoops: Go Proenza ... Dressing Derek ... Playing The Part ... Behnaz Sarafpour's collection for Target's Go International program won't hit the retail floor until the holiday selling season, but the mass retail chain already seems to be working on its next Go guest designer. FINANCIAL Simon Property Profits Fall Buoyed by robust operational and sales growth in its second quarter, Simon Property Group, the country's largest retail real estate investment trust, laid out grand plans for its portfolio. BEAUTY REPORT Beauty Beat: Macpherson to Front New ModelCo Product ... Boots Completes Merger With Alliance Supermodel Elle Macpherson has partnered with Australian beauty marketer ModelCo. MEDIA/ADVERTISING Memo Pad: Glamour Girl ... Domino's Piling Up Dubbed Vogue's "Girl of the Moment" in December, former New York Observer writer Jessica Joffe evidently has moved on to Glamour. TEXTILE & TRADE REPORT Vietnam Trade Status Goes to Senate The Senate Finance Committee unanimously granted permanent normal trade relations to Vietnam, as the bill heads to the full Senate for a vote. | |||||||||||||||||
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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 8/02/2006 12:14:55 AM
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