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Desert Fox Designers Are in a Sensual Mood for Fall, Offering Sexy Separates with Plenty of Shine and Texture

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Desert Fox Designers Are in a Sensual Mood for Fall, Offering Sexy Separates with Plenty of Shine and Texture Page 1 Wednesday ▲ OBITUARY: Dick Baker, ▲ ▲ MARKETING: WEST: former Creating Tommy Ocean brands that Bahama Pacifi c say “pow” revamps president, rather than women’s, dies at 62, “wow,” page 13. page 3. ▲ NEWS: Malls in Thailand reopen after riots, page 3. page 10. Women’s Wear Daily • The Retailers’ Daily Newspaper • April 15, 2009 • $3.00 WWDWEDNESDAYSportswear Desert Fox Designers are in a sensual mood for fall, offering sexy separates with plenty of shine and texture. Here, Kevan Hall’s beaded and sequin silk cardigan and silk matelassé skirt, worn with Marni shoes. For more, see pages 6 and 7. Shoring Up the Store: Istithmar Backs Barneys With Additional Funding By David Moin The parent of Barneys New York has decided to pump over $25 million into the luxury chain to ensure fall deliveries and to ease liquidity concerns among vendors and factors, according to sources close to the business. “I believe Barneys was strong enough to survive without the support, but because vendors and factors were nervous, we elected to put some more capital in to help decrease their level of concern,” David Jackson, chief executive officer of Istithmar World Capital, the Dubai-based parent of Barneys, told WWD. Jackson would not confirm the $25 million report, but characterized the level of support as “significant,” adding, “It’s what the business needs to continue to grow and develop. In this environment, where everybody is hoarding See Istithmar, Page12 PHOTOGRAPHED BY SAM HESSAMIAN AT WILLIAM HOLDEN’S HOME, PALM SPRINGS; MODEL: KATRINA H/ELITE; HAIR BY TINE IBSEN/ARTISTS AT NEXT MANAGEMENT; MAKEUP BY GUDRUN KOSLOFF/PHOTOGENICS BEAUTY AT SMASHBOX; STYLED BY LEILA BABOI SMASHBOX; STYLED BY AT BEAUTY GUDRUN KOSLOFF/PHOTOGENICS MAKEUP BY NEXT MANAGEMENT; AT TINE IBSEN/ARTISTS H/ELITE; HAIR BY SPRINGS; MODEL: KATRINA WILLIAM HOLDEN’S HOME, PALM SAM HESSAMIAN AT BY PHOTOGRAPHED 2 WWD, WEDNESDAY, APRIL 15, 2009 WWD.COM Levi’s Earnings Tumble 50.5 Percent Clothing Inc. last year. Manes noted that ex- WWDWEDNESDSportswearAY By Ross Tucker amining the results without the lost business FASHION THE LOSS OF TWO MAJOR U.S. RETAIL CUS- from Mervyns and Goody’s showed an increase tomers and a depressed European retail envi- in sales in Levi’s-branded products. However, 6 Subtle and sexy is the attitude for the fall season, ronment caught up with Levi Strauss & Co. in continued low demand and higher sales allow- as contemporary designers give Seventies the first quarter, hitting revenues and earnings. ances and discounts for the U.S. Dockers brand classics a modern feel. The San Francisco-based weighed on results. Revenues GENERAL denim giant saw earnings from branded stores in the fall 50.5 percent to $48.1 mil- Americas were also flat com- 1 Barneys parent Istithmar World Capital is said to lion for the three months pared with last year. be infusing $25 million into the chain to ensure ended March 1, compared Robert Hanson, president fall deliveries and ease liquidity concerns. with earnings of $97.1 mil- of Levi Strauss Americas, Slumping sales in Europe and the U.S. led Levi lion during the same period said 2009 “will continue to 2 Strauss & Co. to post a 50.5 percent first-quarter a year ago. be a very challenging year loss, as revenues fell to $48.1 million. Overall revenues fell 12.1 for the Americas,” adding percent to $951.5 million from that management was seeing 3 Shopping malls in Bangkok reopened Tuesday $1.08 billion, including sales no signs of a rebound in con- after antigovernment protests forced officials to that slid 12.2 percent to $931.3 sumer sentiment. shutter the downtown centers on Monday. million from $1.06 billion and Declines were more 5 When the new Yankee Stadium officially opens licensing revenue that fell 7.9 marked in Europe, where its doors Thursday, it will surprisingly include percent to $20.2 million from revenues declined 18.7 per- sponsorships from nonsport apparel brands. $21.9 million. Levi’s-branded cent to $267.3 million from products accounted for 78 $328.7 million. Currency 8 MAINSTREAM: While department store better percent of sales during the exchange negatively im- floors sputter, brands hope a stream of launches quarter, or $726.4 million, com- pacted results by $45 mil- and lower prices will jump-start the sector. pared with 76 percent of sales lion. Excluding that impact, WEST: Tommy Bahama is trying to reinvigorate a year ago. revenues would have fallen 13 its women’s business, and the resortwear brand “We knew that 2009 would 5.6 percent. Anderson noted appears to be benefiting from a basic tool. be tough and our first-quarter weaker performance in the results reflect those expecta- Levi’s women’s business dur- 14 Retail sales declined in March after signs of tions,” said John Anderson, ing the quarter. resilience in the first two months of the year, as president and chief executive The Asia-Pacific region the economic slump eroded consumer demand. officer, during a conference proved the lone bright spot, call with analysts. with revenues improving EYE The bulk of losses was con- 3.4 percent to $180.3 million In these risk-averse times, those who have the We knew that s centrated in the European from $174.4 million. Currency A partygoer at the 4 audacity to take a fearless leap ought to be and Americas markets, where “2009 would be tough exchange negatively impact- TriBeCa Ball. applauded. How far is too far is up for debate. global economic turmoil has ed results by $9 million. spurred retail bankruptcies and our first-quarter Management said results Classified Advertisements.................................................................................................15 and a drastic pullback in con- were in line with expectations, TO E-MAIL REPORTERS AND EDITORS AT WWD, THE ADDRESS IS sumer spending. Results were results reflect those but it is clear the company’s [email protected], USING THE INDIVIDUAL’s NAME. also heavily impacted by the wholesale business in major WWD IS A REGISTERED TRADEMARK OF ADVANCE MAGAZINE PUBLISHERS INC. COPYRIGHT ©2009 strength of the U.S. dollar. expectations. markets like the U.S. and FAIRCHILD FASHION GROUP. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. Revenues for the Americas Europe will face considerable VOLUME 197, NO. 80. WWD (ISSN 0149–5380) is published daily (except Saturdays, Sundays and holidays, with market, which includes the — John” Anderson, pressure going forward. one additional issue in January, May, October, November and December, two additional issues in March, April, June and August, and three additional issues in February and September) by Fairchild Fashion Group, which is a division U.S., Canada, Mexico and “As you can imagine, [re- of Advance Magazine Publishers Inc. PRINCIPAL OFFICE: 750 Third Avenue, New York, NY 10017. Shared Services Latin America, fell 13.1 per- Levi Strauss & Co. tailers] are concentrating on provided by Condé Nast Publications: S. I. Newhouse, Jr., Chairman; Charles H. Townsend, President/CEO; John W. Bellando, Executive Vice President/COO; Jill Bright, Executive Vice President/Human Resources. Periodicals postage cent to $503.9 million from keeping their inventories as paid at New York, NY, and at additional mailing offices. Canada Post Publications Mail Agreement No. 40644503. $579.8 million. low as they can,” said Hanson in response to a Canadian Goods and Services Tax Registration No. 886549096-RT0001. Canada Post: return undeliverable Canadian Interim chief financial officer Heidi Manes question about the upcoming back-to-school sea- addresses to: P.O. Box 503, RPO West Beaver Cre, Rich-Hill, ON L4B 4R6 POSTMASTER: SEND ADDRESS CHANGES TO WOMEN’S WEAR DAILY, P.O. Box 15008, North Hollywood, CA 91615–5008. FOR SUBSCRIPTIONS, ADDRESS said in an interview that much of that decline son. “Our focus in this environment is on driv- CHANGES, ADJUSTMENTS, OR BACK ISSUE INQUIRIES: Please write to WWD, P.O. Box 15008, North Hollywood, CA stemmed from the loss in volume from the ing to gain market share and on managing our 91615-5008, call 800-289-0273, or visit www.subnow.com/wd. Please give both new and old addresses as printed bankruptcies of Mervyns and Goody’s Family inventories really tightly.” on most recent label. First copy of new subscription will be mailed within four weeks after receipt of order. Address all editorial, business, and production correspondence to WOMEN’S WEAR DAILY, 750 Third Avenue, New York, NY 10017. For permissions and reprint requests, please call 212-630-4274 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 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. WOMEN’S WEAR DAILY IS NOT Ex-Employee Fined $7.5M in Hermès Case 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, PHOTOGRAPHS, AND TRANSPARENCIES), OR ANY OTHER UNSOLICITED MATERIALS. THOSE SUBMITTING MANUSCRIPTS, PHOTOGRAPHS, ART WORK, OR OTHER By Glenn Smith even higher prices than genuine bags,” accord- MATERIALS FOR CONSIDERATION SHOULD NOT SEND ORIGINALS, UNLESS SPECIFICALLY REQUESTED TO DO SO BY ing to a source at Winkler. WOMEN’S WEAR DAILY IN WRITING. MANUSCRIPTS, PHOTOGRAPHS, AND OTHER MATERIALS SUBMITTED MUST BE TAIPEI — Taiwan’s newly formed Intellectual In December 2006, Hermès Paris sued Lee ACCOMPANIED BY A SELF-ADDRESSED STAMPED ENVELOPE.
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