The Naked Truth NEW YORK — the Healing Garden Is Budding Again
Total Page:16
File Type:pdf, Size:1020Kb
NO MORE IDOL RUMORS/2 GAP NET LEAPS 94.1 PERCENT/6 Women’sWWD Wear Daily • The Retailers’ DailyFRIDAY Newspaper • November 21, 2003 • $2.00 Beauty The Naked Truth NEW YORK — The Healing Garden is budding again. The aromatherapy line is heading into botanical-based body treatments with new anticellulite and body- toning creams. Due on counter in March, the products could yield retail sales of $12 million to $15 million annually. For more, see page 11. Trade War Fears Grow Over U.S. Quotas on Chinese Imports By Kristi Ellis and John Zarocostas continued Thursday. In Beijing, U.S. crackdown on imports in 2005, WASHINGTON — The retaliation begins. Chinese authorities turned up the when the World Trade Organization Y BRYN KENNY The fallout from the Bush volume of their protestations, while is set to drop all quotas on textiles administration’s decision to impose in Geneva, trade representatives of and apparel. safeguard quotas on select other developing nations fretted In a sign that the safeguard issue categories of Chinese imports about the possibility of a broader See Chinese, Page 14 PHOTO BY GEORGE CHINSEE; STYLED B PHOTO BY 2 WWD, FRIDAY, NOVEMBER 21, 2003 WWDFRIDAY Kors Concludes Idol Chatter Beauty By Lisa Lockwood BEAUTY Coty Beauty, which brought aromatherapy to the mass market in 1997, is NEW YORK — One of the fashion industry’s worst- kept secrets was finally confirmed Thursday when 11 progressing with plans to evolve The Healing Garden beyond the bath. John D. Idol, chairman and chief executive officer Under its recently formed Anew Clinical franchise, Avon has said it wants to of Kasper A.S.L., was named ceo of Michael Kors 11 develop products that will deliver dermatologist-like treatments at home. (USA) Inc., effective Dec. 2. Idol will become a partner in the firm along with Silas Chou, Michael Kors and Lawrence Stroll. He GENERAL will oversee day-to-day operations and will be re- China turned up the volume of protests to the Bush administration’s plan to sponsible for the substantial growth planned for 1 impose safeguard quotas on certain categories of Chinese imports. Michael Kors Collection and the soon-to-be- launched Michael Michael Kors brand. One of the industry’s worst-kept secrets was confirmed Thursday when PHOTO MARY HILLIARD BY Kasper chairman and ceo John D. Idol was named ceo of Michael Kors (USA). “At this point in my career, I wanted to be in- Lawrence Stroll, John Idol, Silas Chou and Michael Kors 2 volved with a brand that has the exponential oppor- on Tuesday. WWD takes a glimpse of holiday windows — a Manhattan retail tradition, tunity to grow,” said Idol in an interview Thursday 4 their storytelling visages a kind of lost art. at Kors headquarters. Aided by an infusion of capi- men’s and accessories products — which key retail tal and new management, Kors’ overall wholesale partners have previewed — will debut at retail in With a parade of fall fashion hits to its credit, Gap Inc. continued to make volume is expected to reach $1 billion over the next fall 2004. The line shares the same philosophy as 6 huge strides in its comeback as third-quarter profits nearly doubled. several years, he said. Kors’ signature collection, which is polished SUZY:Celebrating with Queen Sofia of Spain…Queen Elizabeth’s party for Reports have circulated for eight months that Idol American sportswear. 16 the Bushes…A sticky wicket for Kate Moss and Jefferson Hack. would join Kors once his deal to sell the bankrupt Kors, who was in Europe and couldn’t be reached Obituary..........................................................................................13 Kasper was wrapped up. Kasper’s reorganization for comment, said in a statement: “I met John almost plan, as well as the closing of the purchase agree- a year ago and obviously his stellar reputation had Classified Advertisements........................................................................15 ment by Jones Apparel Group for Kasper’s assets, is preceded him, but I was duly impressed when we To e-mail reporters and editors at WWD, the address is effective Dec. 1. As reported, at that time, Idol will actually sat down for the first time. He’s a great [email protected], using the individual's name. walk away with a windfall of $14.5 million for his ef- asset, and we cannot wait to get started.” WOMEN’S WEAR DAILY IS A REGISTERED TRADEMARK OF FAIRCHILD PUBLICATIONS, INC. COPYRIGHT ©2003 forts in turning around Kasper’s business operations. Chou told WWD, “We’ve known John for many FAIRCHILD PUBLICATIONS, INC. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. Idol declined comment on whether he was in- years. Everything in life is timing.” He said he was VOLUME 186, NO. 107. WOMEN’S WEAR DAILY (ISSN 0149-5380) is published daily (except Saturdays, Sundays and vesting in the new partnership at Kors, but spoke willing to wait several months until Idol could ex- holidays with one additional issue every month except July and two additional issues in April and September and three in August) by Fairchild Publications, Inc., a subsidiary of Advance Publications, Inc. PRINCIPAL OFFICE: 7 West 34th Street, New enthusiastically about his newest venture. tricate himself from Kasper. “He had a legal obli- York, NY 10001. Shared Services provided by Advance Magazine Publishers Inc.: S.I. Newhouse, Jr., Chairman; Charles H. “The Michael Kors brand has really been un- gation and a personal obligation. The timing is Townsend, C.O.O.; John W. Bellando, Executive Vice-President and C.F.O.; Jill Bright, Executive Vice-President_Human touched. Michael’s done an amazing job the last 22 right,” said Chou. Resources; John Buese, Executive Vice-President_ Chief Information Officer; David Orlin, Senior Vice-President_Strategic Sourcing; Robert Bennis, Senior Vice-President_Real Estate; David B. Chemidlin, Senior Vice-President_General Manager, years building the Collection part of the business,” Last January, Chou and Stroll, through their Advance Magazine Group Shared Services Center. Periodicals postage paid at New York, NY and at additional mailing offices. said Idol. The immediate game plan is to build the company Sportswear Holdings Limited, bought an Canada Post Publications Mail Agreement No. 40032712. Canadian Goods and Services Tax Registration No. 88654-9096- Collection business through enhanced shop-in- estimated 85 percent of Michael Kors LLC for a re- RM0001. Canada post return undeliverable Canadian addresses to: P.O. Box 1632, Station A, Windsor, ON N9A7C9. POSTMASTER: SEND ADDRESS CHANGES TO WOMEN’S WEAR DAILY, P.O. Box 15008, North Hollywood, CA 91615-5008. shops, freestanding retail stores, and more ported $100 million. They purchased the one-third FOR SUBSCRIPTIONS, ADDRESS CHANGES, ADJUSTMENTS, OR BACK ISSUE INQUIRIES: Please write to WOMEN’S WEAR European business, while rapidly expanding Kors’ stake in Kors’ business held by LVMH Moët DAILY, P.O. Box 15008, North Hollywood, CA 91615-5008; Call 800-289-0273; or visit www.subnow.com/wd . Four weeks is vision into a new “affordable luxury” line called Hennessy Louis Vuitton; 10 percent from Onward required for change of address. Please give both new and old address as printed 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 Michael Michael Kors, he said. Kashiyama USA, and the remainder owned by John correspondence to WOMEN’S WEAR DAILY, 7 West 34th Street, New York, NY 10001. For permissions and reprint requests, The Michael Michael Kors line of women’s, Continued on page 13 please call 212-221-9595 or fax requests to 212-221-9195. Visit us online: 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 RESPONSIBLE FOR LOSS, 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 MATERIALS FOR CONSIDERATION SHOULD NOT SEND ORIGINALS, UNLESS SPECIFICALLY REQUESTED Nordstrom Net Soars 146.8% TO DO SO BY WWD IN WRITING. MANUSCRIPTS, PHOTOGRAPHS, AND OTHER MATERIALS SUBMITTED MUST BE ACCOMPANIED BY A SELF-ADDRESSED OVERNIGHT-DELIVERY RETURN ENVELOPE, POSTAGE PREPAID. By Dan Burrows quarter. The loss, however, was 14 Indeed, Nordstrom has cents less than analysts had pro- comped up for six straight NEW YORK — Nordstrom Inc. is jected. Sales slipped 1.7 percent months, and the outlook for back in the fast lane, building its to $1.76 billion from $1.79 billion, November is a 2 to 4 percent In Brief bottom line even more rapidly while comps declined 2 percent. same-store sales increase. More- than sales. But at Nordstrom, the strong over, Nordstrom has benefited The Seattle-based better de- sales improvement, as well as from comp growth across all ● NEW TO AMEREX: The Amerex Group said Renee McGovern partment store chain could seem- fewer markdowns, allowed the markets and a wide selection of has joined the company as president of its women’s and men’s ingly do no wrong in the third store to leverage a 180 basis-point merchandise categories. group, replacing Kevin Mahoney, who has left the outerwear quarter as it more than doubled improvement in gross margin “Geographically, all of our re- maker. She reports to chief executive Glenn Palmer.