Shade and Shine
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FERRAGAMO’S PARIS MOMENT PAGE 3 KEEP ON ROLLING AS PITTI UOMO LOOMS, MEN’S WEAR BRANDS ARE HOPING THE BOOM TIMES WILL CONTINUE. MEN’S WEEK, SECTION II WWDTHURSDAY, JUNE 14, 2012 ■ WOMEN’S WEAR DAILY ■ $3.00 TAKING ANOTHER LOOK Developers Revisiting Stalled Retail Projects outlet projects. By RACHEL BROWN One of the most elaborate pre- sentations came from Westfield LAS VEGAS — Retailers want the Group, which dedicated a room best, and mall owners are trying to at Caesars Palace Las Vegas Hotel give it to them. & Casino to unveil a three-di- With the recession zapping mensional model and digital im- many retailers’ appetites for un- agery of the World Trade Center proven real estate and miniscule redevelopment. Last month, recent mall development in the Westfi eld struck a deal with the U.S., demand for space at prime Port Authority of New York and shopping centers has begun to New Jersey for a joint venture on outpace supply — and mall compa- the retail component of the World nies are sensing an opportunity to Trade Center, a 352,000-square- react. At the International Council foot, fi ve-level area that will of- of Shopping Centers’ RECon con- ficially open in May 2015. The vention that ran here from May 20 joint venture also gives Westfi eld to 23 and was attended by 33,000 the ability to spearhead retail in people, up 1,000 from last year, de- another 90,000 square feet at the velopers gauged retailers’ interest World Trade Center. in a few key new shopping centers, “When you look at the retail downturn-stalled retail develop- we have done in London and in ments rising from the dead, expan- Sydney, we will do something simi- sions to existing retail gems, urban lar at the World Trade Center,” infi ll possibilities and a slew of SEE PAGE 6 Shade and Shine A blend of broderie anglaise lace with sequins added a soft, textural Oscar de la Renta’s Retail Push touch to Louis Vuitton’s resort collection, which women’s creative director place. During an interview in the Julie de Libran designed with the idea of keeping cool — with a little help By ROSEMARY FEITELBERG company’s West 42nd Street offi ce from some chiced-up visors. For more on the season, see pages 4 and 5. here, Bolen was quick to note that NEW YORK — With 13 stores and the company is by no means easing counting, Oscar de la Renta Inc. up on wholesale or e-commerce. is stepping up the retail side of This fall, the Madison Avenue its business. fl agship will double in size to 4,000 Like much of what the compa- square feet and the company’s fi rst ny’s namesake has done throughout London store will bow on Mount his 50-year-plus career, de la Renta Street. In April, the designer’s sec- has approached retailing with dis- ond store in the Middle East opened cretion and measured steps. Now in Riyadh, and that region remains a RT 2 as the label has evolved beyond growth opportunity through its part- SO 0 E 13 ready-to-wear to include accesso- ner, Retail Arabia. Pleased with the R ries, children’s wear, fragrances, initial response to the more com- bridal, beauty and even suntan lo- pact boutique that opened in the tion, president Alex Bolen is eager Dominican Republic’s Punta Cana COLLECTIONS to showcase the mix all in one SEE PAGE 8 NEW YORK PHOTO BY GEORGE CHINSEE 2 WWD THURSDAY, JUNE 14, 2012 Kellwood’s Lamb & Flag on Block the Briefing Box is taking a new strategic direc- Farm, sag Harbor, Briggs NY, By raCHel BrOWN tion with our brand portfolio and Jolt, My Michelle and XOXO in its in Today’s WWd has decided it will no longer in- brand portfolio, is seeking to sell Jill GraNOFF continues to re- vest in start-up concepts that only lamb & Flag, and Granoff noted make the Kellwood portfolio — and have a long-term payback. We there are a few potential buyers the latest casualty is lamb & Flag. will be focusing our resources on that have expressed interest. The retail concept — green- businesses that have the greatest However, she suggested lamb lit by former Kellwood Co. chief potential for meaningful growth & Flag’s three existing stores in executive officer and current J.C. and profitability,” said Granoff, southern California at the Brea Penney Co. inc. chief operating who was named ceo of Kellwood Mall, The shops at Mission Viejo officer Michael Kramer — that in May. and los Cerritos Center would be had ambitions to become a 700- The apparel company, which closed if a deal is not done in a to 800-door chain, is being ex- has Vince, rebecca Taylor, David timely fashion. cised from Kellwood. “Kellwood Meister, Zobha, Baby Phat, Phat “While the brand story and product are terrific, it would take There are three existing Lamb & Flag stores. many years and a lot of capital to build awareness and get this ves business to be profitable. This A decision will allow us to rede- Gr ploy our resources to other exist- Chloë Grace Moretz in Max Amy ing brands in our portfolio,” con- Mara at the Women in Film by cluded Granoff. Crystal + Lucy Awards. in another example of Photo Kellwood’s strategy to direct its It was clear at the International Council of Shopping energy away from smaller, emerg- Centers’ RECon convention that retailers want the best, ing concepts, the company decid- and mall owners are trying to give it to them. PAGE 1 n A ed earlier this year that it would no longer finance BlK DNM, al- Keen With 13 stores and counting, Oscar de la Renta Inc. is nie though it retains a minority inter- stepping up the retail side of its business. PAGE 1 A est in the brand founded by Johan tef s lindeberg. BlK DNM recently Florentine fashion house Salvatore Ferragamo invaded the by received an investment from John Louvre museum for a star-studded resort showing. PAGE 3 hoto and Jamey Hargreaves. P Defying general economic gloom in Europe and Spain’s particular predicament, Inditex SA said net profits jumped 30 percent in the first quarter of fiscal 2012. PAGE 3 TJX Plots Moves to Sustain Momentum L’Oréal, Chanel, Richemont and Coach are among the companies that have applied for new Internet domain cantly widened its customer de- porary section, at the front of the name endings. PAGE 7 By KaTHeriNe BOWers mographic” and has been “very store and is heavily touting that successful in moderate income on its Web site as well. TJX cited Dolce & Gabbana, Benetton, H&M, Forever 21 and C&A FraMiNGHaM, Mass. — it was a markets,” which a.J. Wright tar- dresses, men’s, shoes and ac- are among the brands inking licensing partnerships with good year for The TJX Cos. inc. geted. The company unveiled cessories as particularly strong Twentieth Century Fox Consumer Products. PAGE 8 store traffic, transactions and plans to shutter the a.J. Wright performers in a year where comparable-store sales were all division in December 2010 and Marmaxx comp-store sales grew Men’s wear, fashion’s late bloomer, is in full flower, and it up in fiscal 2011, while the com- converted just over 90 doors, 5 percent year-over-year. continues to sidestep global economic woes and political pany’s stock gained 43 percent. more than half the chain, to as for e-commerce, TJX ap- turmoil. PAGE MW1 But Carol Meyrowitz, chief ex- Marshall’s nameplates. pears to be getting there. ecutive officer, acknowledged Meyrowitz said Marmaxx, “We view e-commerce as a LVMH Moët Hennessy Louis Vuitton has acquired at the retailer’s annual meeting currently at more than 2,900 major opportunity for TJX,” Arnys, a French men’s wear purveyor with roots stretching Wednesday that it was fair to ask, stores, can grow to 4,500 doors Meyrowitz wrote in a letter to back to 1933, WWD has learned. PAGE MW2 “What’s next?” based on a recent market study shareholders, noting that should The answer, it seems, is more showing brand awareness for the company launch e-com- A look at some of the new shops and eateries awaiting of the same — expansion of TJ Maxx and Marshall remains merce, it can take advantage of visitors to the Pitti Uomo show in Florence. PAGE MW4 the off-pricer’s core concepts. “well below” that of department its 700-person buying team to Company executives remained stores. The division, account- find off-price goods as well as its Some new and noteworthy brands to check out at Pitti characteristically tight-lipped ing for roughly 65 percent of existing audience of 4 million Uomo in Florence. PAGE MW10 but are working on a $143 mil- net sales, generated $2 billion monthly Web visitors. lion expansion of their corporate in profit last year, an 11 percent Once merely a kick-back to a Eleven dashing dads that were featured in a Father’s headquarters here. gain over the prior year. corporate Web site, the TJ Maxx Day story on e-tailer Park & Bond’s Web site were toasted The $23.5 billion company is TJX has ramped up its mar- Web site now has personality. it in New York on Tuesday. PAGE MW14 planning 2012 to be a more ag- keting, including continuing its allows shoppers to post favorite gressive growth year, aiming to TJ Maxx TV campaign featuring outfits, purchase gift cards and Louis Vuitton made a locomotive the backdrop for its increase square footage by 5 per- saucy Glossie blogger lindsey sign up for e-mail blasts.