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Gray Gardens ▲ ▲ WEST: Ella Moss NEWS: ▲ RETAIL: licenses swimwear, Textile Christine page 12. and Beauchamp apparel named imports president of fall, MAINSTREAM TREND: Ann Taylor ▲ page 2. division, Nautical looks, page 6. page 2. WWDWomen’s Wear Daily WEDNESDAY• The Retailers’ Daily Newspaper • August 13, 2008 • $2.00 Sportswear Gray Gardens Designers are going to all lengths for resort, favoring ankle-grazing shapes that have the ease of loungewear. Here, Yigal Azrouël’s viscose jersey caftan. Necklace by Vera Wang Lavender Label and shoes by Marc by Marc Jacobs. For more, see pages 4 and 5. Cheap Becomes Chic: A Soaring TJX Leads Surge of Off-Pricers By David Moin ANT: KIYANNA STEWART; PHOTO ASSISTANT: ASHLEY JONES; STYLED BY ANTONIA SARDONE; L.A. PORT IMAGE BY ROBYN BECK/ AFP/GETTY IMAGES ROBYN IMAGE BY ANTONIA SARDONE; L.A. PORT ASHLEY JONES; STYLED BY PHOTO ASSISTANT: STEWART; KIYANNA ANT: Selling off-price is becoming stylish. For luxury stores such as Saks Fifth Avenue and Neiman Marcus, what’s always been perceived as a less glamorous and more desperate side of the fashion business — selling at a steep discount in the relatively austere outlet environment — is gaining appeal, profitability and prestige in an otherwise dismal retail climate. The 48-unit Off 5th division of Saks Inc. recently launched an outlet prototype to fuel expansion, Neiman’s has been steadily supporting the growth of its Last Call clearance centers and even Baccarat has joined the fray, opening its first outlet early this summer. Meanwhile, traditional off-price players are See Off-Price, Page11 PHOTO BY JOHN AQUINO; MODEL: ANAIS/TRUMP; HAIR BY RYAN TANIGUCHI; MAKEUP BY SOUHI LEE AT DE FACTO USING MAC PRO; FASHION ASSIST USING MAC PRO; FASHION DE FACTO SOUHI LEE AT MAKEUP BY TANIGUCHI; RYAN JOHN AQUINO; MODEL: ANAIS/TRUMP; HAIR BY PHOTO BY 2 WWD, WEDNESDAY, AUGUST 13, 2008 WWD.COM Beauchamp to Head Ann Taylor Division Ann Taylor Stores division. She has a deep un- WWDWEDNESDAY By Arnold J. Karr Sportswear derstanding of our brand and customer base and CHRISTINE BEAUCHAMP HAS AGAIN TAKEN will move seamlessly into this critical role.” FASHION the path from consultant to president. Although Ann Taylor is the company’s name- 4 Comfortably chic is the right idea for resort, in Repeating the pattern she followed at Limited sake brand, it is not its largest. That distinction pajama-inspired looks from robelike cardigans to Brands Inc. earlier in her career, Beauchamp, a belongs to Ann Taylor Loft, which, as of the May belted slouchy pants. strategic consultant to AnnTaylor Stores Corp. 3 conclusion of the company’s fi rst quarter, op- since earlier this year, has been named presi- erated 513 units with a total of 3 million square GENERAL dent of the company’s Ann Taylor division. She feet. Ann Taylor’s 347 stores occupied 1.9 mil- 1 Selling off-price is increasingly evident across the succeeds Adrienne Lazarus, who’s left the fi rm lion square feet, while the 81 outlet stores ac- retail spectrum, gaining appeal, profi tability and after 17 years, the last two at the helm of the Ann counted for about 600,000 square feet. During prestige in an otherwise dismal climate. Taylor division. the fi scal year ended last February, Ann Beauchamp is an alumnus of Taylor generated $866.6 million in MAINSTREAM: Vendors at two New York trade ▲ 6 the retail practice of the Boston sales, 36.2 percent of total group shows said they were only cutting goods for Consulting Group. She advised revenues of $2.4 billion, versus placed orders, which are down 20 to 25 percent. Leslie Wexner, chairman and $1.17 billion, or 49 percent, Shares of Fossil Inc. rose almost 11 percent after chief executive officer of at Loft. Ann Taylor was 10 Limited Brands, on growth responsible for a much the company beat Wall Street’s estimates with a strategies for Victoria’s higher average unit retail 71.3 percent jump in second-quarter profi ts. Secret and Bath & Body price — $44.57 against 10 A joint venture of national retail liquidation and asset Works, as well as the $28 — but sales per recovery fi rms will manage the court-ordered Express division, since square foot were closer liquidation sale of Whitehall Jewelry stores. divested, before joining — $465 for Ann Taylor the Columbus, Ohio- against $406 at Loft, ac- 11 The TJX Cos. Inc. showed shoppers are looking for deals but still want brands, posting strong based retailer as senior Christine cording to the company’s vice president of com- Beauchamp annual report. second-quarter earnings and sales. mercialization in 2003. The company doesn’t WEST: Molding their offerings to cautious buyers, 12▲ She later became presi- break down operating in- exhibitors at the Los Angeles market highlighted dent and general merchan- come or margins by division. accessories, basics and novel pieces. dise manager of Victoria’s Krill said Tuesday that Secret Beauty before being “our conservative approach to Classifi ed Advertisements............................................................................................13-15 named president and ceo of the managing the business in this dif- unit in May 2006. She was succeeded fi cult consumer environment” would TO E-MAIL REPORTERS AND EDITORS AT WWD, THE ADDRESS IS in that role by Shashi Batra. help the company produce second-quarter [email protected], USING THE INDIVIDUAL’S NAME. In her new post, Beauchamp reports to Kay earnings higher than the range of 42 to 47 cents WWD IS A REGISTERED TRADEMARK OF ADVANCE MAGAZINE PUBLISHERS INC. COPYRIGHT ©2008 FAIRCHILD FASHION GROUP. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. Krill, president and ceo of Ann Taylor. previously provided. Analysts on average had VOLUME 196, NO. 33. WWD (ISSN 0149–5380) is published daily (except Saturdays, Sundays and holidays, with The company raised second-quarter guid- expected 45 cents for the quarter, according to one additional issue in January, October and December, two additional issues in March, April, May, June, August and ance Tuesday in advance of its Aug. 22 report- Yahoo Finance. November, and three additional issues in February and September) by Fairchild Fashion Group, which is a division ing date. However, in its fi rst quarter, net in- Krill continued, “Notwithstanding our bet- of Advance Magazine Publishers Inc. PRINCIPAL OFFICE: 750 Third Avenue, New York, NY 10017. Shared Services provided by Condé Nast Publications: S. I. Newhouse, Jr., Chairman; Charles H. Townsend, President/CEO; John W. come dropped 17.7 percent, to $25.9 million, on ter-than-expected results for the fi rst half, we Bellando, Executive Vice President/COO; Debi Chirichella Sabino, Senior Vice President/CFO; Jill Bright, Executive Vice a 2 percent increase in sales, to $591.7 million, are maintaining our outlook for diluted EPS President/Human Resources. Periodicals postage paid at New York, NY, and at additional mailing offi ces. Canada Post that included an 11.5 percent drop in same- for the year in the range of $1.80 to $1.90, as Publications Mail Agreement No. 40644503. Canadian Goods and Services Tax Registration No. 886549096-RT0001. Canada Post: return undeliverable Canadian addresses to: P.O. Box 503, RPO West Beaver Cre, Rich-Hill, ON L4B store sales at the Ann Taylor division. Loft the macroeconomic environment remains very 4R6 POSTMASTER: SEND ADDRESS CHANGES TO WOMEN’S WEAR DAILY, P.O. Box 15008, North Hollywood, CA same-store sales eked out a 0.7 percent gain. weak and uncertain and traffi c levels continue 91615–5008. FOR SUBSCRIPTIONS, ADDRESS CHANGES, ADJUSTMENTS, OR BACK ISSUE INQUIRIES: Please The corporation’s current expansion plans cen- to be challenging.” write to WWD, P.O. Box 15008, North Hollywood, CA 91615-5008, call 800-289-0273, or visit www.subnow.com/wd. Please give both new and old addresses as printed on most recent label. First copy of new subscription will be mailed ter on Loft and its outlet stores. Shares of AnnTaylor fi nished Tuesday’s New within four weeks after receipt of order. Address all editorial, business, and production correspondence to WOMEN’S “This transition of leadership at our heritage York Stock Exchange session at $25.85, down 15 WEAR DAILY, 750 Third Avenue, New York, NY 10017. For permissions and reprint requests, please call 212-630-4274 brand is taking place at an exciting time of evo- cents, or 0.6 percent, during a day when retail or fax requests to 212-630-4280. Visit us online at 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 lution for Ann Taylor,” Krill said. “I am delight- shares gave back some of the gains they’d picked companies that offer products and services that we believe would interest our readers. If you do not want to receive ed that Christine, a seasoned retail executive up on Monday. these offers and/or information, please advise us at P.O. Box 15008, North Hollywood, CA 91615-5008 or call and valued partner to me over the last several AnnTaylor Stores Corp. currently operates 800-289-0273. WOMEN’S WEAR DAILY IS NOT RESPONSIBLE FOR THE RETURN OR LOSS OF, OR FOR DAMAGE OR ANY OTHER INJURY TO, UNSOLICITED MANUSCRIPTS, UNSOLICITED ART WORK (INCLUDING, BUT NOT LIMITED TO, DRAWINGS, months, will be assuming the leadership of our 941 stores. 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 WOMEN’S WEAR DAILY IN WRITING.
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