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Chop to It Beauty Looks in the Fall Women’S Ready-To-Wear Runway Shows in Paris, Which Ended Wednesday, Were Wide-Ranging

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Chop to It Beauty Looks in the Fall Women’S Ready-To-Wear Runway Shows in Paris, Which Ended Wednesday, Were Wide-Ranging THINKING SHRINKING MAN CROWD SIMON BAKER OF COMP SALES RISE BUT “THE MENTALIST” EVEN FEWER RETAILERS FRONTS THE NEW REPORT. PAGE 12 GIVENCHY SCENT. PAGE 6 WWDFRIDAY, MARCH 8, 2013 ■ $3.00 ■ WOMEN’S WEAR DAILY Chop to It Beauty looks in the fall women’s ready-to-wear runway shows in Paris, which ended Wednesday, were wide-ranging. Some houses placed an accent on models’ eyebrows or lips, while, for others, hair came in multitextured styles. PALAU For more, see pages 8 and 9. GUIDO HAIRSTYLIST: SIMMONDS; LLOYD ARTIST: PHOTO BY DELPHINE ACHARD MAKEUP Sycamore’s Torrid Wish SEEKING A SETTLEMENT business, which targets younger plus- By EVAN CLARK size consumers with trendy fashions. “The plus-size female consumer, Macy’s Trial Parties SYCAMORE PARTNERS has tapped the younger set is begging for someone into two — maybe three — hot topics to give them a lifestyle destination to with its latest deal. shop,” said Thomas Filandro, analyst The private equity fi rm’s $600 mil- at Susquehanna Financial Group, not- Head to Mediation lion agreement to take Hot Topic Inc. ing the brand fi lls that niche and is just private, which was unveiled Thursday, starting to gain traction. man Martha Stewart during the four- underscored both the untapped poten- “You’ve got white space growth with By ALEXANDRA STEIGRAD hour break. The two spoke for the fi rst tial of the plus-size market and the op- Torrid,” Filandro said. “ Yo u get an op- time since their phone call on Dec. portunities seen in revamping the mall- portunity to build Torrid potentially NEW YORK — Mediation is the buzzword. 6, 2011, when Stewart told Lundgren based specialty store model. outside the U.S. You’ve got the Hot Following a four-hour recess that she had inked a deal with rival Analysts said it is not the 618-door Topic business established well with Thursday in which New York Supreme Penney’s to sell Stewart-branded and Goth-inspired Hot Topic chain that’s the its edgy positioning but growing fashion Court Judge Jeffrey Oing pressed unbranded home goods in its stores — prize of the deal, but the 190-door Torrid SEE PAGE 12 Macy’s Inc., Martha Stewart Living and Lundgren infamously hung up on Omnimedia Inc. and J.C. Penney Co. her. That deal, Macy’s contends, is in Inc. to reach a settlement in the three- violation of its 2006 contract with MSLO week contract dispute trial, the judge to exclusively sell certain Martha called for a period of mediation in the Stewart-branded goods. highly publicized case. The trial will “I want to thank Mr. Lundgren for continue on April 8 should the parties accommodating the court with a call. be unable to come to a settlement. I appreciate that very much so in this “It’s reached a critical point in this very intense dispute that we’ve had trial where I believe it’s time for the here,” Oing said. “Also Ms. Stewart for business people to take a step back and taking the call, I think that was very think about perhaps maybe they can good for her, too. Suffi ce it to say we’re take some common ground,” Oing said. still here.” “It is, in my mind, necessary.” A spokeswoman from MSLO said Oing had asked Macy’s chairman, the conversation between Stewart and president and chief executive offi cer Lundgren was “productive,” adding Terry J. Lundgren to call MSLO chair- SEE PAGE 4 2 WWD fridaY, MarCH 8, 2013 WWD.COM Carrefour Profit Sees Sharp Increase in 2012 period, the retailer was entering distribution costs linked to expan- By Joelle DiDerich into the execution phase of its sion and wage inflation in china,” the Briefing Box three-year turnaround plan. carrefour noted. PAriS — carrefour’s streamlin- “our results in 2012 were not recurring operating income in Today’s WWd ing has started to pay off. sparkling — they were good com- fell 2.6 percent to 2.14 billion The world’s second-largest pared with what we were expect- euros, or $2.75 billion, beating retailer behind Wal-Mart Stores ing,” he said at a news confer- the median market consensus, inc. said net profits more than ence. “We have rebuilt reserves which stood at about 2.07 billion Paris Fashion tripled in 2012 as it disposed of to reinvest. We must imperatively euros, or $2.66 billion. Week street underperforming assets to focus do so.” The retailer said it would in- style. For more, on turning around its largest carrefour posted sales of 76.8 vest between 2.2 billion euros see WWD.com market, France, and expanding billion euros, or $98.74 billion, in and 2.3 billion euros, or $2.9 bil- in latin America and Asia. 2012, an increase of 0.9 percent lion and $3 billion at current Shares in carrefour closed up in reported terms and 1.6 percent exchange, in 2013, up from 1.55 2.9 percent at 22 euros, or $28.67, at constant exchange rates. billion euros, or $2 billion, the on the Paris Stock exchange on Turnover in France rose previous year. it will direct half Thursday after it reported that 0.5 percent, even as the rest of toward remodeling stores and the i net income rose to 1.23 billion europe posted a 3.1 percent de- other half toward expanding in K euros, or $1.59 billion, from 371 cline, mainly due to the impact of emerging markets, Plassat said. million euros, or $516 million, in continued austerity measures in “retailers who do not make Dabrows 2011. All dollar rates are calcu- italy and Spain. long-term investments are lated at average exchange rates Sales in latin America were up doomed,” he remarked. “We must Kuba for the period to which they refer. 4.6 percent, thanks to solid like-for- imperatively rekindle expansion by Asset disposals contributed 1.1 like sales in Argentina and Brazil, in a more structured way.” Photo billion euros, or $1.44 billion, to where carrefour has successfully Plassat said carrefour needed the total after carrefour closed its turned around its business. to remodel 150 of its 220 hyper- Judge Jeffrey Oing on Thursday called for a period of mediation stores in Singapore and sold its revenues in china rose 10.3 markets in France. in the highly publicized case involving Macy’s, J.C. Penney’s and operations in Greece, colombia, percent, although stripping out The executive said the company Martha Stewart. PAGE 1 the impact of volatile currencies, would continue its drive to decen- Malaysia and indonesia. chief executive officer Georges the increase was only 0.5 percent. tralize decision making in order to Sycamore Partners agreed to buy Hot Topic Inc. for $600 Plassat, who took over last May, “continued productivity gains make regional and country store PAGE 1 said that after an initial analysis did not fully offset the increase in managers more accountable. million, gaining access to the Torrid plus-size business. Michael Kors will be feted with the 2013 Couture Council Award for Artistry of Fashion on Wednesday, Sept. 4. PAGE 4 Adidas Posts $345.1M Loss, Sales Rise emerging markets, up 13 percent, 16 percent to between 4.25 and Simon Baker, star of “The Mentalist,” will be the face of By PAulinA SzMyDke where “the middle market con- 4.40 euros in 2013. Givenchy’s men’s fragrance, Gentlemen Only, which launches in sumer is growing at a rapid pace,” The group cited its “high ex- the U.S. in April. PAGE 6 ShAreS in ADiDAS Group chief executive officer herbert posure” to fast-growing emerging closed up 4.7 percent at 76.38 hainer said. markets as well as further ex- Bulgari is throwing the raw Australian masculinity of Eric Bana euros on the Frankfurt Stock north America and Western pansion of retail as strong sales behind the launch of a new fragrance for men, Bulgari Man exchange as an upbeat sales europe struggled, reporting net growth factors. new product Extreme. PAGE 6 forecast overshadowed a swing sale losses of 3.4 percent and 2.2 launches and innovations in all to losses in the fourth quarter. percent, respectively. major units are also envisaged Kate Moss, Karl Lagerfeld and Riccardo Tisci were among the The net loss totaled 273 million hainer said the company throughout 2013, which will “more revelers at Paris’ Shangri-La Hotel to celebrate the second issue of euros, or $354.1 million, which would open more shops-in-shop than offset the nonrecurrence of Carine Roitfeld’s CR Fashion Book. PAGE 10 Adidas attributed to goodwill im- in the u.S. for a stronger pres- sales related to the ueFA euro pairment of 265 million euros, or ence and to bolster sales. 2012 and the london 2012 olympic Sources in Milan say Valextra is close to finalizing a deal to sell a The sporting goods firm, head- Games,” the group noted. $343.7 million, resulting mainly stake to private equity fund Neo Capital and that Marco Franchini from adjusted growth assumptions quartered in herzogenaurach, The group’s full-year net in- is in pole position to helm the luxury accessories firm.PAGE 11 for reebok in north America, Germany, is forecasting sales to come fell 13.8 percent to 524 mil- latin America and Brazil espe- grow at a midsingle-digit rate in lion euros, or $673.7 million. The cially, as well as an increase in 2013 from 2012’s record of 14.98 contraction resulted primar- Time Warner investors were clearly pleased to hear the company country-specific discount rates billion euros, or $19.16 billion, ily from a 14 percent net sales planned to spin off all of its publishing division into a separately following the euro debt crisis.
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