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WWD CEO SUMMIT CANCELED MAJOR STORM FORCES POSTPONEMENT OF EVENT. PAGE 2 STORE CLOSURES SEEN Retailers Brace For Sandy’s Wrath By DAVID MOIN and EVAN CLARK RETAILERS UP AND DOWN the East Coast spent the WWD weekend bracing for Hurricane Sandy — one of the largest storms to hit the region in decades. Hurricane-force winds were expected along por- MONDAY, OCTOBER 29, 20 EAR DAILY Q $3.00 tions of the coast between Chincoteague, Va., and Chatam, Mass., according to the National Hurricane Center, which also warned of a storm surge. Wal-Mart Stores Inc. said it had six stores in areas scheduled to be evacuated late Sunday and that the number was expected to rise. Business did not grind to a halt Sunday, however. In downtown Washington, D.C., where it hadn’t yet started to rain, Macy’s, Banana Republic and other stores were open. New Yorkers seemed more interested in last-min- ute storm supplies than the latest fashions as the sky darkened and winds picked up in the afternoon. Foot traffic was slow at the usually bustling 34th Street and Fifth Avenue shopping corridors. Saks Fifth Avenue was preparing to board up its flagship in the afternoon and stay closed today. Bergdorf Goodman was also boarding up its win- dows, although some customers were unfazed and continued to shop in the store. The window displays at Aéropostale had also been covered up by plywood on West 34th Street, where the chairs in front of the MERCER Macy’s Herald Square flagship were removed. At EMILY least some Gap and Victoria’s Secret stores were closing early. SEE PAGE 6 ASSISTANT: FASHION Fashion’s Glass Ceiling By EVAN CLARK DECERVANTES; CALL IT fashion’s great divide. Women shoppers make more than 80 percent of ADRIANA the purchase decisions in fashion — yet only a frac- tion of the corporate decisions. The modern Women’s Lib movement is about ASSISTANT: to turn 50, and while women are outpacing men in higher education and taking on more prominent PHOTO Print Power roles in politics, only 1.7 percent of the retailers in Spring’s coolest patterns come in digital kaleidoscope motifs. From the Fortune 500 are led by female chief executive ROSADO; officers, according to Catalyst research. That is less left: Prabal Gurung’s rayon and silk crepe de chine dress with chiffon than half the average of 3.8 percent for all Fortune CABIRIA veil; Peter Pilotto’s silk and cotton blouse and silk skirt; Nicole Miller 500 companies. BY A WWD examination of 38 prominent and publicly Artelier’s rayon, silk and spandex dress. For more, see pages 4 and 5. traded companies in the fashion, retail and beauty MAKEUP worlds found only five women ceo’s, or 13.2 percent. The imbalance seems to be the product of both a GROUP; lingering sexism in the corporate sphere and circum- stance as women strive for a work-life balance. The WALL old boys’ club isn’t what it was, but it is still mostly THE men deciding who gets the keys to the corner office. AT And companies are slow to identify women as rising SEIJI stars and get them the experience they need to take BY on bigger jobs. HAIR “Can women ascend even further and can we have more women at the ceo level and in other leadership roles in society? The answer is yes,” TRUMP; said Anna Marie Valerio, president of Executive FOR Leadership Strategies, who has written about women leaders. “More women are getting them- MARTA selves prepared. They have been getting themselves IMG; prepared since the Eighties. It becomes more a FOR question of what else has to change.” Valerio said women need to get more “stretch” as- JEANNE signments that give them a management role and profit and loss responsibilities, as well as a chance to inter- MUSE; act with customers and gain international experience. FOR “One of the issues for women and for their bosses really is to help women develop broader networks,” LORENE she said. “Networks of people who can help them un- derstand how the whole [organization] works.” PHOTO BY JOHN AQUINO; STYLED BY ANTONIA SARDONE MODELS: SEE PAGE 8 2 WWD MONDAY, OCTOBER 29, 2012 WWD.COM WWD CEO Summit Canceled THE BRIEFING BOX WWD’S APPAREL AND The Summit had been sched- the event and will keep regis- IN TODAY’S WWD Retail CEO Summit has been uled for Oct. 29 and 30 at The tered participants, speakers and canceled due to the impend- Plaza hotel. WWD’s editors and sponsors informed. We regret ing hurricane approaching publishers are examining pos- any inconvenience and thank A view of the Parkview Green the New York region. sible future dates to reschedule all participants for their efforts. FangCaoDi structure in Beijing. Maus Frères Takes Control of Lacoste “This transaction is the up the advisory board, and had By MILES SOCHA best guarantee for the Lacoste owned 65 percent of Lacoste SA. brand’s long-term future and The 36-year-old Lacoste PARIS — It’s a changing of the the best way to fully capitalize Dournel has been on the com- guard at Lacoste SA. on its assets,” the company said. pany’s board since 2005, is part of SIM CHI YIN PHOTO BY Late on Friday, Swiss retail In September, Michel the second generation of the fam- Retailers up and down the East Coast spent the weekend group Maus Frères SA seized Lacoste’s estranged daughter ily shareholder structure and is a bracing for Hurricane Sandy — one of the largest storms to hit majority control of the maker Sophie Lacoste Dournel was granddaughter of founder René the region in decades. PAGE 1 of crocodile-logo polo shirts, Lacoste, a French tennis hero having signed an agreement and businessman who cre- Women continue to be under represented at the highest to acquire an additional 30.3 ated the Lacoste tennis shirt levels of fashion, but today’s top women leaders are hopeful percent of the firm’s capital. The deal values the in 1929. for the next generation. PAGE 1 Maus said the deal val- In a recent interview, ues the sportswear maker sportswear maker Lacoste Dournel said it’s Hayden-Harnett was acquired for an undisclosed sum by AHQ- at between 1 billion and 1.25 business as usual at the firm Accessory Headquarters LLC. PAGE 7 billion euros, or $1.3 billion and her principal focus going to $1.62 billion at current ex- at between 1 billion forward would be to grow the Asics has embraced a multimedia approach with a multitude of change. brand’s women’s business interactive elements to promote the ING New York City Marathon The Swiss retail firm al- and 1.25 billion and improve synergies be- this year. PAGE 7 ready controlled 35 percent tween Lacoste’s manufactur- of Lacoste via its Devanlay euros, or $1.3 billion ing partners, she said. Bridget Foley discusses the controversial decision by Lord & subsidiary, Lacoste’s apparel Maus Frères, controlled Taylor to open its Fifth Avenue flagship on Thanksgiving. PAGE 10 licensee. by the Maus and Nordmann Maus said it acquired the to $1.62 billion at families, has been in busi- “Dream catchers” was the theme of this year’s Fashion Group additional tranche of shares ness since 1902 and con- International’s Night of Stars. PAGE 13 from members of the found- current exchange. trols the Gant, Aigle and ing family, including former Parashop brands. Its retail A Glamour U.K. study, titled “21st Century Woman 2012,” president Michel Lacoste, who named president of the compa- banners include Manor depart- found that the vast majority of women polled are still regularly recently resigned from the ny’s non-executive board follow- ment stores, hardware and DIY buying glossy titles. PAGE 13 board amid a family tussle. ing a meeting of shareholders. chain Jumbo and sports retail- Maus noted it has offered to Lacoste Dournel’s election er Athleticum. Forever 21 said it has cooperated with the U.S. Department of buy the shares of remaining made headlines in France due to The group posted 2011 sales Labor by providing information on its labor practices. PAGE 15 shareholders at the same price. a conflict between some 20 mem- of 5.3 billion Swiss francs, or $6 Financial terms were not bers of the Lacoste family from billion at average exchange, and ON WWD.COM disclosed. three generations that make employs some 22,000 people. Parkview Green FangCaoDi in Beijing: A new complex, claiming to be one of China’s most environmentally friendly buildings, will house Stella McCartney, Karen Millen, COS and other stores. Hunter Boot Taps James Seuss as CEO For more, see WWD.com/retail-news. James Seuss Seuss said the brand would begin By ALEXANDRA STEIGRAD TO E-MAIL REPORTERS AND EDITORS AT WWD, THE ADDRESS IS opening stores in the Europe, [email protected], USING THE INDIVIDUAL’S NAME. U.S. and Asia, and that he hopes WWD IS A REGISTERED TRADEMARK OF ADVANCE MAGAZINE PUBLISHERS INC. HUNTER BOOT LTD. has found to introduce the brand in China. COPYRIGHT ©2012 FAIRCHILD FASHION MEDIA. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. VOLUME 204, NO. 89. MONDAY, OCTOBER 29, 2012. WWD (ISSN 0149–5380) is published daily (except Saturdays, a new chief executive officer. “I haven’t yet mapped out a Sundays and holidays, with one additional issue in May, June, October and December, and two additional issues in February, The British rain-boot maker retail strategy, but we’re going March, April, August, September and November) by Fairchild Fashion Media, which is a division of Advance Magazine Publishers Inc.

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