Present Tense NEW YORK — You Can Love It Or Hate It, but You Can’T Get Around It
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BLACK FRIDAY SCORECARD: A GAMUT OF GAINS/10-12 WWDWomen’s Wear Daily • The Retailers’MONDAY Daily Newspaper • November 28, 2005 • $2.00 Accessories/Innerwear/Legwear Present Tense NEW YORK — You can love it or hate it, but you can’t get around it. Holiday shopping, that is, and you have fewer than four weeks left to get it done. Here, a few items that are sure to please even the most finicky. For more on gift-giving, see pages 6 and 7. Clockwise from top left: chocolates from La Maison du Chocolat at Bergdorf Goodman, $6 and $17; Tiffany & Co.’s 18k gold bangle, $3,950; Valentino’s leather gloves, $435 at Bergdorf Goodman; Dyptique’s candle, $80 for three at Bergdorf Goodman; Hermès’ silk scarf, $320 at Bergdorf Goodman; Henri Bendel’s snow globe, $48; Sutton Studio’s cashmere scarf, $98 at Bloomingdale’s; Monica Rich Kosann’s frame, $295 at Bergdorf Goodman; Tiffany & Co.’s 18-karat gold necklace, $2,850, and at Bergdorf Goodman, an ornament, $30, and Jar Parfums’ perfume, $765. Terry Lundgren’s Macro/Micro Game Plan for Federated By David Moin national Macy’s chain. interview he will “sort through all of NEW YORK — Terry Lundgren wants Lundgren, chairman and chief our options’’ before making a to get the right products to the right decision on the future of May’s Lord ICSC Preview. Section II. locations, buff up stores and focus & Taylor division and defended the on marketing as his Federated team executive officer of Federated conversion of Chicago’s venerable remakes May stores to create a Department Stores, said in an See Lundgren’s, Page 8 PHOTO BY ROBERT ROXANNE ROBINSON-ESCRIOUT AND SHOSHANNA FISCHHOFF MITRA; STYLED BY 2 WWD, MONDAY, NOVEMBER 28, 2005 WWD.COM New Additions to the Armani Family MILAN — Two new stars are shining in Giorgio WWDMONDAY Armani’s constellation of products: a deluxe watch Armani’s Borgo 21. Accessories/Innerwear/Legwear called Borgo 21 and Armani Baby, a clothing and accessories line for infants to three-year-olds. FASHION When designing Borgo 21, which belongs to the The commercial side of the holiday season tends to split people into two expanding Armani Privè collection, Armani tested 6 camps: those who adore all forms of shopping and those who don’t. the prototype repeatedly, at times on his wrist under his shirt. That’s because the designer, who advocates design and practicality in equal manner, wanted a GENERAL timepiece that was as elegant as it was unobtrusive. Terry Lundgren wants to get the right products to the right locations, buff “I wanted the feel and look of the watch to be 1 up stores and focus on marketing to create a national Macy’s chain. smooth and fluid, with as few protrusions and Add two stars to Giorgio Armani’s constellation of products: a deluxe sharp edges as possible,” Armani said. “Much watch called Borgo 21 and Armani Baby, a clothing and accessories line. attention was given to the ergonomics of the watch, 2 the ultimate objective being that it [fit to] the EYE: Breaking bread with French chef Hélène Darroze about her unusual shape of the wrist." 4 new cookbook, “No One Will Steal What I Have Danced.” Borgo 21, named after Armani’s historic They offered discounts and got plenty of customers shopping. Yet retailers, Milanese headquarters on Via Borgonuovo 21, is 8 while optimistic, expressed uncertainties about the rest of this holiday season. the brand’s first step into the luxury watch market. Starting Dec. 15, it will be distrib- ICSC Preview, a Section II, is included in this issue. uted to select Giorgio Armani boutiques Classified Advertisements ..................................................................18-19 worldwide and fine jewelry stores. An To e-mail reporters and editors at WWD, the address is online pre-order service will also be [email protected], using the individual’s name. available to secure the $9,600 time- piece for men and women. WOMEN’S WEAR DAILY IS A REGISTERED TRADEMARK OF FAIRCHILD PUBLICATIONS, INC. COPYRIGHT ©2005 FAIRCHILD PUBLICATIONS, INC. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. Customers can choose between a yel- VOLUME 190, NO. 113. WWD (ISSN # 0149-5380) is published daily except Saturdays, Sundays and holidays, with one low or white gold case, beige or black additional issue in June, July and November, two additional issues in April, May, August and December, and three additional dials and matching brown alligator issues in February, March, September and October by Fairchild Publications, Inc., a subsidiary of Advance Publications, Inc. PRINCIPAL OFFICE: 7 West 34th Street, New York, NY 10001. Shared Services provided by Advance Magazine Publishers Inc.: S.I. straps or shiny black lizard ones. Newhouse Jr., Chairman; Charles H. Townsend, President & C.E.O.; John W. Bellando, Executive Vice President and C.O.O.; Jill Bright, Made in Switzerland by Antima, Executive Vice President_Human Resources; John Buese, Executive Vice President_Chief Information Officer; David Orlin, Senior Vice a watchmaker founded in 1919, President_Strategic Sourcing; Robert Bennis, Senior Vice President_Real Estate; Maurie Perl, Senior Vice President_Chief Communications Officer. Shared Services provided by Advance Magazine Group: Steven T. Florio, Advance Magazine Group Vice Borgo 21 features an automatic Several items from the new Chairman; David B. Chemidlin, Senior Vice President_General Manager, Shared Services Center. movement. Armani Baby line. Periodicals postage paid at New York, NY and at additional mailing offices. Canada Post Publications Mail Agreement No. 40032712. Canadian Goods and Services Tax Registration No. 88654-9096-RM0001. Canada post return undeliverable Canadian addresses to: On the baby front, mothers DPGM, 7496 Bath Road, Unit 2, Mississauga, ON L4T 1L2. POSTMASTER: SEND ADDRESS CHANGES TO WWD, P.O. Box who splurge at Armani may 15008, North Hollywood, CA 91615-5008. FOR SUBSCRIPTIONS, ADDRESS CHANGES, ADJUSTMENTS, OR BACK ISSUE now extend the habit to their INQUIRIES: Please write to WOMEN’S WEAR DAILY, P.O. Box 15008, North Hollywood, CA 91615-5008; Call 800-289-0273; or visit www.subnow.com/wd . Four weeks is required for change of address. Please give both new and old address as newborns and infants. printed on most recent label. Subscriptions Rates: U.S. possessions, Retailer, daily one year: $109; Manufacturer, daily one Slated to bow in spring year $145. All other U.S., daily one year $205. Canada/Mexico, daily one year, $295. All other foreign (Air Speed), daily one year $595. First copy of new subscription will be mailed within four weeks after receipt of order. Address all editorial, 2006, Armani Baby, which business, and production correspondence to WOMEN’S WEAR DAILY, 7 West 34th Street, New York, NY 10001. For is produced in-house, will permissions and reprint requests, please call 212-221-9595 or fax requests to 212-221-9195. Visit us online: www.wwd.com. To subscribe to other Fairchild magazines on the World Wide Web, visit www.fairchildpub.com. Occasionally, we make our subscriber list available to carefully screened companies that offer products and services that we believe would interest our readers. If you do not want to receive these offers and/or information by mail and/or e-mail, please advise us at P. O. Box 15008, North Hollywood, CA 91615-5008 or call 800-289-0273. WOMEN’S WEAR DAILY IS NOT RESPONSIBLE FOR LOSS, DAMAGE, OR ANY OTHER INJURY TO UNSOLICITED MANUSCRIPTS, UNSOLICITED ART WORK (INCLUDING, BUT NOT LIMITED TO, DRAWINGS, PHOTOGRAPHS, AND TRANSPARENCIES), OR ANY OTHER UNSOLICITED MATERIALS. THOSE SUBMITTING MANUSCRIPTS, PHOTOGRAPHS, ART WORK, OR OTHER MATERIALS FOR CONSIDERATION SHOULD NOT SEND ORIGINALS, UNLESS SPECIFICALLY REQUESTED TO DO SO BY WWD IN WRITING. MANUSCRIPTS, PHOTOGRAPHS, AND OTHER MATERIALS SUBMITTED MUST BE ACCOMPANIED BY A SELF-ADDRESSED OVERNIGHT-DELIVERY RETURN ENVELOPE, POSTAGE PREPAID. TUESDAY: The Conference Board releases the Consumer Confidence Index for November. Chico’s and Gottschalks report third-quarter sales and earnings. WEDNESDAY: The Federal Reserve Board releases the Beige Book report on economic activity. be available at 300 sales points in 32 countries. The Dress Barn reports first-quarter sales and earnings. lineup complements the Armani Junior collection Tiffany & Co. reports third-quarter sales and earnings. and includes rompers, tops, bottoms, toys and cot linens crafted with washed denim, cashmere, cotton THURSDAY: Hong Kong International Jewelry and linen, especially treated with washes and dyes Manufacturers Exhibition (through Sunday). that make them ultrasoft and comfortable. Retail Gildan Activewear reports fourth-quarter and year- prices range from $53 for T-shirts to $77 for jeans. end sales and earnings. — Alessandra Ilari Kellwood Co. and Movado Group report third-quar- ter sales and earnings. FRIDAY: The U.S. Labor Department releases the Judge Orders Pinault to Pay Fine COMING THIS WEEK November employment report. PARIS — A U.S. judge has or- Executive Life affair. tle, and after a three-month dered French billionaire Pinault, who controls French trial, he was cleared personally François Pinault to pay almost diversified retailer PPR, which of any wrongdoing. $190 million plus interest to the owns Gucci Group, is said to But Pinault’s family invest- In Brief California insurance commis- have long ago set aside sufficient ment firm, Artemis, was found sioner in what is ostensibly the funds in case of an unfavorable guilty of conspiracy and told to ● AID PACKAGE: Dickson Poon has come to the rescue of S.T. last chapter of the drawn-out judgment. Sources said the deci- pay $700 million in punitive dam- Dupont. The embattled French luxury house, known for its lighters sion by U.S. District Court Judge ages. Matz dropped that fine in and pens, last Thursday said Poon, the company’s majority share- Howard Matz is likely to bring to October.