Steam Heat NEW YORK — Tom Ford Made Strong, Sexy Looks a Gucci Signature
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The Inside: Designer Jean CapitalsPg. 12 RADICE EXITS M&S/3 TOMMY EARNS, SHARES FALL/3 WWD WWDWomen’s Wear Daily • The THURSDAYRetailers’ Daily Newspaper • June 10, 2004 • $2.00 List Sportswear Steam Heat NEW YORK — Tom Ford made strong, sexy looks a Gucci signature. And the house’s new designer, Alessandra Facchinetti, is continuing in that vein, with a style that mixes sportiness and a steamy sensuality. The resort collection, for example, is full of casual yet glamorous pieces she describes as “exotic safari.” That means sultry shapes in a gentle palette of yellows, pinks and greens, perfect for resort living. Here, a cotton top, silk twill riding pants and a hardware-detailed raffia bag. For more on Facchinetti and the collection, see pages 6 and 7. The Darling Bid of May: Wins Marshall Field’s With $3.2 Billion Offer By David Moin NEW YORK — May Department Stores won the two-horse race for Marshall Field’s — and paid big for the coveted nameplate. The St. Louis-based retailer beat out Federated Department Stores by paying Target Corp. $3.24 billion in cash for the 62-store Field’s chain, plus nine Mervyn’s stores in the Twin Cities area of Minneapolis and St. Paul, three distribution centers and $600 million in credit card receivables. A definitive agreement was announced late Wednesday afternoon after the stock market closed. See May, Page5 PHOTO BY JOHN AQUINO PHOTO BY WWDTHURSDAY Sportswear GENERAL May Department Stores has purchased the Marshall Field’s chain and ™ 1 some Mervyn’s units from Target Corp. for $3.2 billion in cash. Tommy Hilfiger Corp. lowered its guidance for fiscal 2005 and its stock A weekly update on consumer attitudes and behavior based 3 tumbled 10 percent in trading on the New York Stock Exchange. on ongoing research from Cotton Incorporated Sex sells, at least it has for Gucci, which is why Alessandra Facchinetti has 6 no intention of ushering in an era of dramatic change at the house. STYLE DE SOLEIL Commerce Department officials said they’re making progress reducing Women embrace sundresses for summer fashion 8 trade barriers in China, India, Brazil, Egypt, Indonesia and Argentina. Classified Advertisements ..................................................................13-15 Now that the days are turning warmer, it is change to a pair of heels and a wrap for dinner out,” time for women to step out in one of summer’s most offers Novakovic. To e-mail reporters and editors at WWD, the address is popular, tried and true fashions – the sundress. Talbot’s Thompson adds, “Women are wearing [email protected], using the individual’s name. “Sundresses are synonymous with spring and sundresses for casual functions like picnics and WOMEN’S WEAR DAILY IS A REGISTERED TRADEMARK OF FAIRCHILD PUBLICATIONS, INC. COPYRIGHT ©2004 FAIRCHILD PUBLICATIONS, INC. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. summer,” asserts Kathryn Novakovic, fashion neighborhood barbecues, and dressier occasions like VOLUME 187, NO. 120. WWD (ISSN # 0149-5380) is published daily except Saturdays, Sundays and holidays, with one additional marketing director, Cotton Incorporated. “Nothing a summer wedding.” issue in January, May, June and November; two additional issues in February, April, September, October and December; and three additional issues in March and August, by Fairchild Publications, Inc., a subsidiary of Advance Publications, Inc. PRINCIPAL OFFICE: 7 says summer fashion more than a beautiful sundress. However, as fashion experts are quick to add, West 34th Street, New York, NY 10001. Shared Services provided by Advance Magazine Publishers Inc.: S.I. Newhouse, Jr., Chairman; We are seeing them everywhere from the runway to perhaps the true beauty of the sundress is its ability Steven T. Florio, Vice Chairman; Charles H. Townsend, C.O.O.; John W. Bellando, Executive Vice-President and C.F.O.; Jill Bright, Executive Vice-President_Human Resources; John Buese, Executive Vice-President_ Chief Information Officer; David Orlin, Senior store windows, and the beach to to stand on its own, with little Vice-President_Strategic Sourcing; Robert Bennis, Senior Vice-President_Real Estate; David B. Chemidlin, Senior Vice- city streets. It makes a fabulous adornment. “Simplicity is best President_General Manager, Advance Magazine Group Shared Services Center. 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 and stylish impact.” when it comes to the sundress and No. 88654-9096-RM0001. Canada post return undeliverable Canadian addresses to: 4960-2 Walker Road, Windsor, ON N9A 6J3. accessories,” asserts Davidson. POSTMASTER: SEND ADDRESS CHANGES TO WOMEN’S WEAR DAILY, P.O. Box 15008, North Hollywood, CA 91615-5008. "Sundresses are girly and FOR SUBSCRIPTIONS, ADDRESS CHANGES, ADJUSTMENTS, OR BACK ISSUE INQUIRIES: Please write to WOMEN’S WEAR pretty," extols Shari Horowitz, a “They require little in the way 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 printed on most recent label. First copy of new New York City-based fashion of accessories and work well with subscription will be mailed within four weeks after receipt of order. Address all editorial, business, and production marketing consultant. "And strappy sandals, wide brimmed correspondence to WOMEN’S WEAR DAILY, 7 West 34th Street, New York, NY 10001. For 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 with the variety of silhouettes, hats and ladylike clutches,” says magazines on the World Wide Web, visit www.fairchildpub.com. Occasionally, we make our subscriber list available to carefully there is something for everyone." Thompson. 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, please advise us at P.O. Box 15008, North Hollywood, CA 91615-5008 or call 800-289-0273. “They’re very feminine and The look is certainly romantic WOMEN’S WEAR DAILY IS NOT RESPONSIBLE FOR LOSS, DAMAGE, OR ANY OTHER INJURY TO UNSOLICITED easy to wear,” agrees Sandi and evocative of simpler times. MANUSCRIPTS, UNSOLICITED ART WORK (INCLUDING, BUT NOT LIMITED TO, DRAWINGS, PHOTOGRAPHS, AND TRANSPARENCIES), OR ANY OTHER UNSOLICITED MATERIALS. THOSE SUBMITTING MANUSCRIPTS, PHOTOGRAPHS, ART Davidson, vice president and Relates Novakovic, “We’re WORK, OR OTHER MATERIALS FOR CONSIDERATION SHOULD NOT SEND ORIGINALS, UNLESS SPECIFICALLY REQUESTED creative director of Lilly definitely seeing a Fifties TO DO SO BY WWD IN WRITING. MANUSCRIPTS, PHOTOGRAPHS, AND OTHER MATERIALS SUBMITTED MUST BE Pulitzer, the collection of Palm “The sundress is one of the most influence, with cinched waists, ACCOMPANIED BY A SELF-ADDRESSED OVERNIGHT-DELIVERY RETURN ENVELOPE, POSTAGE PREPAID. Beach-inspired fashions. “They versatile pieces of the summer figure flattering skirts and are a classic.” wardrobe. Styles and trends come thick straps.” Designer Lauren Moffatt, and go, but the sundress is an “We seem to be enjoying a eternal summer staple.” In Brief who creates her eponymous – Lauren Moffatt, season of subtleties with hints collection of feminine styles, of 1950’s innocence,” affirms designer ● shares, “The sundress is one of retailer Thompson. Agrees Lilly LAUDER PRICES SHARES: Estée Lauder Cos. Inc. said the three Lauder Family Trusts’ sale of 11,305,000 shares of class A the most versatile pieces of the summer wardrobe. Pulitzer’s Davidson, “I think of it as a retro look common stock was priced at $44.50 a share, totaling $503.1 mil- Styles and trends come and go, but the sundress is with a Marilyn Monroe influence.” lion. Upon completion of the offering, which is slated to close an eternal summer staple. There are so many terrific And while crisp whites are always appropriate to Monday, members of the Lauder family will hold approximately styles this season. We will see spaghetti straps, cap the look, color and pattern play an important role 46.2 percent of the company’s outstanding common stock and sleeves, plunging necklines and those more moderate. in the modern sundress story. “The sundress is all 88.7 percent of the combined voting power of that stock, Lauder The timeless strapless version, which will always be a about vitality and an energizing feeling. That’s why said in a statement. The company added that it neither sold favorite, now ensures a good fit with the resurgence we’re seeing colors like pinks, yellows and greens so stock in the offering nor received any proceeds from the sale. of smocking. ” prominently,” shares Novakovic. ● ASHWORTH’S NEW DESIGNER: Ashworth Inc. has named Concurs Talbot’s spokesperson Betsy Thompson, “Definitely pinks and florals,” affirms Davidson, Joey Rodolfo vice president of design at its Callaway Golf ’s ap- “They’re the perfect symbol for the season’s nostalgic “Those are colors and patterns that are always parel division, a new post. Rodolfo has held executive posts at mood. Sundresses appeal to women for many important to the classic Lilly Pulitzer look.” firms such as Unionbay and Catalina Swimwear and was a co- reasons; they’re simple, easy to wear, casual but flirty, And from the Talbot’s collection, “We’re showing founder of Cutter & Buck. Ashworth began making Callaway Golf and perfect for those really hot days and nights.” sundresses in garden fresh florals and crisp stripes in apparel under license in 2001, and the collection racked up re- tail sales of about $30 million last year. There are two collec- Women really seem to an array of feel-good colors,” tions: Callaway Golf Sport, a men’s line, and Callaway Golf be preparing themselves for When Latest Styles Are Bought Thompson reports.