A Touch of Scarlet Carolina Herrera Is Seeing Red — but in a Good Way
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s s BEAUTY: Kiehl’s FASHION: RETAIL: gives flagship a Valentino Over the makeover, page 7. gets Rodeo top with Drive Walk Topshop, FINANCIAL: G-20 of Style pages statement gives Award, 12 and 13. retail shares a s s page 11. boost, page 2. Women’s Wear Daily • The Retailers’ Daily Newspaper • April 3, 2009 • $3.00 WwDFRIdAYBeauty A Touch of Scarlet Carolina Herrera is seeing red — but in a good way. The designer and her namesake daughter teamed up on CH Carolina Herrera, intended to be the newest pillar of the Herrera fragrance franchise. The scent will launch in the U.S. in July at Nordstrom before rolling out to its full U.S. distribution of 220 specialty stores. For more, see page 7. Dressing Michelle O: Major Designers Wait For First Lady’s Call By Bridget Foley Where in the world are Donna, Ralph and Calvin? Certainly not on the spousal circuit at the G-20 summit in London. In fact, as President Barack Obama and 19 other global leaders huddle to ponder the world’s economic woes, Michelle Obama has reaffirmed with gusto her fashion support of America’s new and niche, and given anecdotal support as well to antiprotectionism via cardigans by Azzedine Alaïa and Junya Watanabe. Yet, save for a recent digression to Michael Kors, Obama continues to show zero interest in the big guns of American fashion, those whose names resonate around the world, and who collectively employ thousands of people. Obama’s early appearances in the likes of See Where, Page4 TZ a NILO M NILO Da PHOTO BY JOHN AQUINO; STYLED BY JOHN AQUINO; STYLED BY PHOTO BY 2 WWD, FRIDAY, APRIL 3, 2009 WWD.COM Retail Stocks Rise 4.3 Percent By Evan Clark weeks, coming off of depths that were more or less unimaginable a year ago — a state of af- RETAIL SHARES RALLIED A STRONG 4.3 fairs that might well be contributing to their WWDFRIDAYBeauty percent Thursday as the G-20 meeting of world comeback as investors reevaluate how retailers FASHION leaders in London produced signs of at least should be valued and their chances of survival. As 20 global leaders ponder the world’s economic temporary unity and a Deutsche Bank report “They’ve priced all these companies down 1 said Kohl’s Corp., J.C. Penney Co. Inc., Macy’s for extinction; they’re not dead yet,” said Bill woes, Michelle Obama has reaffirmed her fashion Inc., Target Corp. and Wal-Mart Stores Inc. Rhodes, chief investment strategist at Rhodes support of America’s new and niche. would pick up sales from failing competitors. Analytics, who noted stocks are bouncing off a GENERAL President Obama and other leaders of global bottom, but wouldn’t go as far as to say the mar- powerhouses spoke forthrightly about the finan- kets’ longer-term bottom had been reached. 2 Retail shares rallied a strong 4.3 percent Thursday cial crisis and, to the surprise of some, managed to “The market is at a point where it could very as the G-20 meeting of world leaders in London boost support for the International Monetary Fund well roll over [and start back down],” he said. produced signs of at least temporary unity. by $1.1 trillion to help stabilize the global economy. It could also continue upward. 2 Ittierre SpA may have secured the Just Cavalli “We face the greatest challenge to the world “There’s a lot of cash on the sidelines,” Rhodes license for another five years, and perhaps its economy in modern times,” said the leaders in a said. “It doesn’t take a lot of movement for that cash future as well, it was learned. joint communiqué. “A to come in and move global crisis requires a the market higher.” 6 Victoria’s Secret Beauty is overhauling its Very global solution.” The recession, Sexy color cosmetics with the first project by The S&P Retail which has already “Project Runway” winner Christian Siriano. Index jumped 12.78 claimed nearly 4.4 7 With new scent CH Carolina Herrera, the designer, points to 310.43 million jobs in the her daughter and licensee Puig are aiming to add Thursday, outperform- U.S. and is expected a third pillar to their large U.S. business. ing the Dow Jones to continue to cut into Industrial Average’s employment rolls for 7 Kiehl’s Third Avenue flagship in Manhattan has advance of 2.8 percent, months to come, has undergone a 21st-century overhaul, with a new or 216.48 points, to radically changed gifting counter and exclusive products. 7,978.08. The Dow re- what counts as reas- Valentino stood at the base of the cobblestone Via visited the 8,000 mark suring to Wall Street. 11 Rodeo in Beverly Hills on Thursday to receive a The Dow reached the 8,000 mark for the first time since The Dow reached the 8,000 mark “There are at least Rodeo Drive Walk of Style Award. Feb. 13 but was unable forfor thethe firstfirst timetime sincesince Feb.Feb. 13.13. hints of modestly bad to close above it. news now, as opposed 14 FINANCIAL: Belk Inc. took heavy fourth-quarter Among the retail gainers were the compa- to horrifically horrible news, and the markets losses, but the chain said it’s poised to emerge nies singled out by Deutsche Bank analyst Bill may be attaching to that,” said Andrew Bernard, from the downturn in better shape. Dreher as those likely to pick up sales as other director of the Center for International Business EYE chains shutter doors, file for bankruptcy or liq- at the Dartmouth’s Tuck School of Business. uidate. The group included Macy’s, ahead 12.7 “Consumers and firms have been holding If there was any question why Sir Philip Green s 12 percent to $10.18; Penney’s, 6.9 percent to $21.97; their breath for quite a while and not spending Daphne Guinness threw three parties surrounding Thursday’s Target, 4.9 percent to $36.06; Kohl’s, 3.5 percent anything,” Bernard said. “There’s at least some in Jasmine Di Milo. Topshop opening, he answered it bluntly. to $45.10, and Wal-Mart, 1.6 percent to $53.64. sign that the more regular activity’s going to be Classified Advertisements.................................................................................................15 Dreher said recently announced store clo- occurring going forward.” TO E-MAIL REPORTERS AND EDITORS AT WWD, THE ADDRESS IS sures would put about $22 billion in sales “up Economists expect the unemployment rate [email protected], USING THE INDIVIDUAL’s NAME. for grabs” and that these companies were the rose in March from the 8.1 percent registered WWD IS A REGISTERED TRADEMARK OF ADVANCE MAGAZINE PUBLISHERS INC. COPYRIGHT ©2009 most likely to fill the void. in February. The Labor Department gives its FAIRCHILD FASHION GROUP. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. “These retailers have the balance sheet monthly jobs update today. VOLUME 197, NO. 70. WWD (ISSN 0149–5380) is published daily (except Saturdays, Sundays and holidays, with strength and successful merchandising and mar- In London, the G-20 nations stood behind the one additional issue in January, May, October, November and December, two additional issues in March, April, June and August, and three additional issues in February and September) by Fairchild Fashion Group, which is a division keting strategies to be key beneficiaries of the principles of a world economy based on market of Advance Magazine Publishers Inc. PRINCIPAL OFFICE: 750 Third Avenue, New York, NY 10017. Shared Services up-for-grabs market share,” the analyst said. “We forces, effective regulation, strong global institu- provided by Condé Nast Publications: S. I. Newhouse, Jr., Chairman; Charles H. 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