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Loehmann's Going Chapter 11 Again
- Published Yesterday
Loehmann's has filed for bankruptcy and plans to liquidate its business.
Loehmann's Holdings filed for Chapter 11 bankruptcy protection in federal bankruptcy court in Manhattan this past Sunday (December 15, 2013). They indicated in filings that it plans to sell its remaining assets in an auction subject to the court's approval.
The New-York based retailer, which has 39 stores and its online operations, said in a statement that its business was effected by increased competition in the off-price retail niche and limited access to capital.
The company had previously filed for bankruptcy protection in 2010 due to overwhelming debt and emerged in 2011. It also filed for Chapter 11 reorganization in 1999, emerging in 2000 after closing 25 stores.
SB Capital Group, Tiger Capital Group and A & G Realty Partners, which have handled other retailer liquidations, have agreed to make an initial bid of $19 million for Loehmann's assets, according to court documents. The auction is expected to begin Dec. 30 and be approved by the court in early January.
Kate Moss Channels Sun-Kissed Sensuality
- Published 12/17/2013
Elegance undone, imbued with unmistakable sex appeal, inspired by the feeling of freedom and the warmth of the sun. Kate Moss strips down, literally and figuratively, in Stuart Weitzman's Spring 2014 ad campaign to reveal the definitive essence of effortless summer style. Photographed again by Mario Testino, in keeping with what is now an iconic visual vocabulary, the campaign invokes a sun-kissed and sensual energy, hinting at long, languid days in St. Tropez, with luxury footwear that seduce from day to night
Minimal make-up, wet hair and barely-there cover-ups enhance this laid-back, luxe Bohemian look. It provides a glimpse of the supermodel at her most beautiful. Sublime simplicity. Such simplicity is a key theme for the new Stuart Weitzman collection, evidenced most distinctly with the introduction of THE NUDIST. Sexy, strappy, sleek, minimal – this sandal is as close to bare as a fashionable foot can get.
Moss, who debuted as the face of the Stuart Weitzman brand in the Spring 2013 ad campaign, was chosen because of her unparalleled status as a global style icon. Moss exudes a sense of style and confidence that every woman aspires to emulate and in 2014, she is walking in Stuart Weitzman shoes.
In the world of Stuart Weitzman, "sexy" means being comfortable and confident in your own skin, and the campaign captures this essence in a relaxed, effortless, chic way while clearly showcasing the new season's essential silhouettes. The international advertising campaign will launch in the United States, Italy, France, England, Canada, Dubai, Germany, Spain and Asia. Outdoor advertising (billboards and kiosks) will run in Los Angeles, New York, Miami, Milan, Paris and Hong Kong. Behind-the-scenes video and additional creative content will be featured on www.stuartweitzman.com and in Stuart Weitzman boutiques worldwide.
Stuart Weitzman is a division of The Jones Group Inc. (NYSE: JNY)
ABOUT STUART WEITZMAN HOLDINGS LLC
A little obsessed with shoes.
Stuart Weitzman Holdings LLC, a global leader in designer footwear, operates 45 retail stores across the United States, including New York, Beverly Hills, Chicago, Boston and Las Vegas. The company also has 59 international stores and is sold in more than 70 countries. A luxury brand built upon the idea of creating a beautifully constructed shoe, founder and designer Stuart Weitzman's main objective has always been to merge fashion and function. The first thing a women puts on in the morning and the last thing she takes off at night, his shoes are designed to feel as good as they look and to look as good as they feel.
ABOUT THE JONES GROUP INC.
The Jones Group Inc. is a leading global designer, marketer and wholesaler of over 35 brands with product expertise in apparel, footwear, jeanswear, jewelry and handbags. The Jones Group has a reputation for innovation, excellence in product quality and value, operational execution and talent. The Company also markets directly to consumers through branded specialty retail and outlet stores, through concessions at upscale department stores and through its e-commerce sites.
The Company's internationally recognized brands and licensing agreements (L) include: Nine West, Jones New York, Anne Klein, Kurt Geiger, Rachel Roy (L), Robert Rodriguez, Robbi & Nikki, Stuart Weitzman, Brian Atwood (L), Boutique 9, Easy Spirit, Carvela, Gloria Vanderbilt, l.e.i., Bandolino, Enzo Angiolini, Nine & Co., GLO, Joan & David, Miss KG, Kasper, Energie, Evan-Picone, Le Suit, Mootsies Tootsies, Grane, Erika, Napier, Jessica Simpson (L), Givenchy (L), Judith Jack, Albert Nipon, Pappagallo and Rafe (L).
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ShopRagHouse New Design Startup on Kickstarter
- Published 12/16/2013
ShopRagHouse, a new, innovative startup that allows fashion fans to vote on submitted designs, is on the way to reaching its $15,000 goal on Kickstarter and ready to launch a whole new way for women to set their own rules in fashion.
ShopRagHouse is a virtual Project Runway where users get to play the part of designer and judge. It allows fashion enthusiasts to play a hands-on role in the industry, interacting with designers from sketch to dress. It also allows aspiring designers a chance to get their work directly in front of the people that matter most—prospective buyers. The business model allows designers to get feedback from consumers and build brand loyalty from day one.
The Kickstarter campaign was launched on Nov. 20 and ends on Dec. 20 at 2:30 p.m. The company has raised over 75 percent of its goal, and needs just $3,465 before the deadline. If ShopRagHouse does not meet their goal by the deadline, they will lose the money already raised. The funds will finance its launch collection, which will include up to 12 winning designs chosen by members on the site.
ShopRagHouse was born out of cofounders Bridgette L. Hylton's and Joana Florez's own frustrations trying to break into the fashion industry and having little or no say in the clothes they bought.
"We are really excited to be democratizing the fashion industry. Of course, we'd love to find the next Marc Jacobs, but more importantly, we want to have fun with fashion, because for us, that's what fashion is all about," said Hylton.
ShopRagHouse is unique in that its members decide which dresses and other clothing the company produces by voting on designs and sometimes design elements. The company's first two dresses, the Diana Dress and the Elsa Dress, sold exclusively online for a special Kickstarter price of $145 each at http://kck.st/1iQ8e9W, are the result of member input on the site.
"We envision a community where fashion enthusiasts like us get to interact directly with designers from the very beginning, and vice versa," said Florez. "The response we have had so far is great. We're really excited to have attracted designers from around the world."
Shoppers Score on Cyber Monday with 6pm.com
- Published 12/2/2013
In celebration of Cyber Monday, 6pm.com kicks off a December full of online and social sales, featuring the season's best prices on the biggest brands to fill every stocking. All day today, the online retailer is hosting the 24-24-24 sale. Every hour for 24 hours, the retailer will reveal one must-have holiday item at an incredible $24. Guests can continue to score gifts through Dec. 5 with incredible sales on Cole Haan, SKECHERS, Calvin Klein and more.
The sale also delights shoppers with all-day discounts on top brands and categories for the whole family including:
· Cole Haan up to 75% off.
· Must-Have Boots: $39.99, $49.99, $69.99 and $99.99
· Puma: Head-to-Toe-Up to 70% off.
· Calvin Klein: Select Styles $69.99 or less.
· SKECHERS: Up to 70% off.
· Outdoor Clothing and Accessories: Select Styles $49.99 or less.
· DC: Select Styles $29.99 or less.
· Oakley: Up to 70% off.
· Asics: Up to 60% off.
· Clarks: Up to 70% off.
"The one thing missing this holiday season is extra time," says Kristen Whiteley, 6pm.com senior brand marketing manager. "Shoppers have one less week between Thanksgiving and Christmas, so 6pm.com wants to take the stress and the rush out of scoring that perfect gift. That's why we are hosting deals around the clock on Cyber Monday and then extending sales throughout the week on some of our biggest brands. Shopping from the comfort of your home has never been so stylish!"
Score More—On Social
6pm.com is gifting their social community this year, with exclusive deals for social friends and followers. On Dec. 4, only those who have become fans of 6pm.com on Facebook will gain access to an exclusive nighttime sale on athletic gear at up to 70 percent off. To keep the gifting spirit alive, social followers can also grab some last-minute deals during the final nightime sale on Dec. 18, with amazing prices on Ugg, Reebok, Nine West and more. Exclusive coupons will be shared with social followers during those sales.
For more ways to Score on the Style, Score on the Price visit 6pm.com on Instagram, Pinterest, Twitter and Facebook. And remember—shipping is free but you need to order before Dec.16 to ensure your gifts arrive before the holidays!
At 6pm.com, we have cultivated relationships with top vendors and brand-name designers around the world, allowing us to offer in-demand shoes, clothing and accessories for everyone in your family at an unbeatable price—always 30-75 percent off.
We offer twice the shopping satisfaction of other online retailers as we help 6pm.com customers Score on the Style and Score on the Price. We delight our brand shoppers with on-trend, in-season styles and we surprise our value shoppers with name-brands at deep discounts. We are proud to bring exclusive items to our customers too, with brand partners designing unique products only available through 6pm.com.
Learn more about available Cyber Monday Fashion sales for your 2013 holiday shopping.
Claire's Stores Third Quarter Fiscal 2013 Earnings Call
- Published 11/26/2013
In conjunction with the Claire's Stores release of its results for the quarter ending November 2, 2013, management will host a conference call.
Claire's Stores, Inc. Third Quarter Earnings Conference Call
Wednesday, December 4, 2013 at 10:00 a.m. EST (7:00 a.m. PST)
Dial in (domestic): 888-790-4233
Dial in (international): 210-839-8201
Participant Code: CLAIRES
The conference call will be archived on the Company's website, www.clairestores.com, through January 4, 2014, and may also be downloaded as an MP3 file.
Dial in (domestic): 888-567-0467
Dial in (international): 203-369-3886
Claire's Stores, Inc. is one of the world's leading specialty retailers of fashionable jewelry and accessories for young women, teens, tweens and girls ages 3 to 35. The Company operates through its two store concepts: Claire's® and Icing®. As of November 2, 2013, Claire's Stores, Inc. operated 3,118 stores in 18 countries throughout North America, Europe, and China. The Company also franchised 414 stores in 26 countries primarily located in the Middle East, Central and Southeast Asia and Central
DSW Inc. Reports Third Quarter 2013 Financial Results
- Published 11/26/2013
· Third quarter Reported sales increase 6.8% to $633 million; comparable sales decrease 0.7%
· First nine months Reported sales increase 8.0% to $1.80 billion; comparable sales increase 0.2%
· Third quarter Reported EPS rises to $0.60 per share on a post-split basis, including net income of $0.01 per share from our luxury test
· Third quarter Adjusted EPS rises to $0.58 per share on a post-split split basis ($1.17 on a pre-stock split basis), an increase of 14% over last year
· Full year Adjusted EPS guidance of $1.80 to $1.90 per share on a post-split basis, assuming flat same store sales growth
· Board of Directors approve a quarterly dividend of $0.125 per share
Read more at their website.
Catwalk Glamour Affordable Luxury Christmas 2013
- Published 11/19/2013
UK-based online fashion retailer, Catwalk Glamour, has launched a new range of affordable glamour products in a bid to help Christmas shoppers lessen the blow of Christmas expenditure, without compromising quality. Recent research shows that average families spend between £500 to £700 during Christmas for presents and gifts. Catwalk Glamour, an online destination for affordable fashion, beauty and accessories believes it can be done otherwise.
The expert buyers behind the website understand fashion and accessories well and want designer-like bags, scarves and jewellery to be both accessible and affordable. Taking inspiration from new designer releases and celebrity trends, they offer a constantly updated selection of trendy totes, luxe scarves and sparkling bracelets.
Nathan Pickard, CEO and co-founder of Catwalk Glamour commented:
"If, like me, you find Christmas shopping a stress & want to avoid that mad dash around town trying to find the perfect present, even if it's for yourself, you'd love to go the Catwalk Glamour route. Our unique collection of affordable, luxury accessories & gifts can't be found in every store and will hopefully help make Christmas that little bit more special."
Nathan urges shoppers to take the smarter route to Christmas gifting this year by focusing on decorations, meals and family time, leaving Catwalk Glamour to take care of the gift headaches.
"There's free delivery over £25 and up to 60% off scarves, wraps and jewellery at present to ramp up the festive cheer."
The latest range of products available from the site include print scarves, featuring Prague's cityscape, double-sided paper print scarves with mesmerising floral detail, ethically sourced cashmere and silk Pashminas that are the epitome of elegance and sparkling crystal bracelets that can give designer brands a run for their money. One standout product that looks set to be a hit this Christmas is the irresistible 10 piece synthetic brush set that comes housed in a lush patent leather case.
For more information on Christmas Gifts, visit http://www.catwalk-glamour.com/Christmas-Gifts
Men's Wearhouse Replies to Jos. A. Bank Letter
- Published 11/4/2013
The Men's Wearhouse today responded to a request by Jos. A. Bank to conduct due diligence related to the unsolicited, highly-conditional and non-binding proposal by Jos. A. Bank to acquire The Men's Wearhouse, Inc. The Jos. A. Bank proposal is subject to financing, due diligence and regulatory approval conditions.
Following receipt of the due diligence request, the Men's Wearhouse Board of Directors met and, in consultation with its outside financial and legal advisors, concluded that it is not in the best interest of the Company's shareholders to provide Jos. A. Bank with access to nonpublic information concerning Men's Wearhouse. In responding to the due diligence request, the Board noted its determination that the highly-conditional Jos. A. Bank $48.00 per share proposal significantly undervalues Men's Wearhouse.
Douglas S. Ewert, President, Chief Executive Officer and a director of Men's Wearhouse said: "Our Board and management team are committed to creating value for our shareholders. We are enthusiastic about Men's Wearhouse's prospects and are confident that our strategic plan will deliver more value to our shareholders than Jos. A. Bank's inadequate, highly conditional proposal. We thank our shareholders for the support we have received."
The Men's Wearhouse Board, in consultation with its financial and legal advisors, previously evaluated and rejected an unsolicited, highly-conditional and non-binding proposal from Jos. A. Bank to acquire Men's Wearhouse for $48.00 per share in cash, subject to substantial debt and equity financing, due diligence and regulatory approval. The Men's Wearhouse Board concluded that the proposal significantly undervalued Men's Wearhouse and its strong prospects for continued growth and value creation, and was not in the best interests of Men's Wearhouse or its shareholders.
BofA Merrill Lynch and J.P. Morgan Securities LLC are serving as financial advisors to Men's Wearhouse, and Willkie Farr & Gallagher LLP is serving as legal advisor.
Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 1,137 stores. The Men's Wearhouse, Moores and K&G stores carry a full selection of suits, sport coats, furnishings and accessories in exclusive and non-exclusive merchandise brands and Men's Wearhouse and Tux stores carry a limited selection. Most K&G stores carry a full selection of women's apparel. Tuxedo rentals are available in the Men's Wearhouse, Moores and Men's Wearhouse and Tux stores. Additionally, Men's Wearhouse operates a global corporate apparel and workwear group consisting of Twin Hill in the United States and Dimensions, Alexandra and Yaffy in the United Kingdom.
This press release contains forward-looking information. Forward-looking statements are not guarantees of future performance and a variety of factors could cause actual results to differ materially from the anticipated or expected results expressed in or suggested by these forward-looking statements. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be significantly impacted by various factors, including, but not limited to: actions by governmental entities, domestic and international economic activity and inflation, success, or lack thereof, in executing our internal operating plans and new store and new market expansion plans, including successful integration of acquisitions, performance issues with key suppliers, disruption in buying trends due to homeland security concerns, severe weather, foreign currency fluctuations, government export and import policies, aggressive advertising or marketing activities of competitors; and legal proceedings. Future results will also be dependent upon our ability to continue to identify and complete successful expansions and penetrations into existing and new markets and our ability to integrate such expansions with our existing operations. Other factors that may impact the forward-looking statements are described in the Company's annual report on Form 10-K for the fiscal year ended February 2, 2013 and Forms 10-Q.
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Sacrificing comfort for style has always been seen as a
necessary evil when designing the latest, trendiest shoes for women. According
to osteopathic.org, high heels are one of the leading causes of foot problems
in women, and one third suffer permanent damage as a result of wearing heels.
Holidays with LACOSTE Fragrances
LACOSTE Fragrances is celebrating the holidays in style with the illuminating LACOSTE Christmas Tree, inspired by the Eau de LACOSTE L.12.12 Collection and Eau de LACOSTE Pour Femme. The tree is located on the ground level of the shopping center.
The evergreen tree is adorned with beautiful ribbons and hanging from each limb are their very own LACOSTE fragrance ornaments that light up the tree with rays of blue, red, green, peach and white. To finish it off the tree is topped with the iconic LACOSTE crocodile placed inside of a 3D gold star and beautifully wrapped gifts placed underneath.
Shoppers are able to receive samples along with a chance to win LACOSTE goodies bags through the social media giveaway. All shoppers need to do is instagram or tweet a picture of the LACOSTE tree using #EauDeLacosteHoliday and have a chance to win LACOSTE gifts across the two days.
Longtime fan of the brand, Adrian Grenier hosted the start to LACOSTE's holiday season by lighting the tree.
Pick up Eau de LACOSTE L.12.12 Collection and Eau de LACOSTE Pour Femme at your local LACOSTE store or online at lacoste.com. The Eau de LACOSTE L.12.12 Collection and Eau de LACOSTE Pour Femme retail for $65 each.
According to IBISWorld, a research firm, holiday jewelry sales are predicted to hit $5.6 billion this year, which is up from $5.2 billion in 2012. Due to a watch's ability to be practical for both men and women as well as a fashion statement, it is one of the most popular forms of gift jewelry. It is also one of the most customizable.
Citizen Watch Company is proud to announce an exciting new direction in their Brand Ambassador program with the introduction of Grammy Award Winner Kelly Clarkson. The global superstar joins a luminary team of CITIZEN Brand Ambassadors including Eli Manning, New York Giants quarterback and two-time Super Bowl champion; Matt Kenseth, two-time Daytona 500 champion; and Victoria (Vika) Azarenka, currently ranked as the #2 professional women's tennis player.
First Luxury Eyewear Brand to Offer Made-to-Measure Custom Optical Frames and Sunglasses Using Webcam to Obtain Facial Measurements
Are you ready to have your eyewear customized by facial recognition software?
Teen YouTube Sensation Partners with Retailer to Design First-Ever Fashion LineAeropostale, Inc., a specialty retailer of casual apparel for young women and men, recently announced its partnership with social media starlet Bethany Mota to launch The Bethany Mota Collection, available in stores this holiday season.
Indiegogo Campaign Now LIVE to Fund Final Production of Revolutionary "Build-Your-Own" Eyewear System that Allows Users to Choose, Build, Replace or Upgrade the Look They Want
SK Planet Inc. today announces the launch of their first major mobile app, Styletag, for finding, sharing and buying the most-wanted styles of the moment. The dynamic, free fashion app will be released for iOS 7 (iPad, iPhone and iPod) and on Google Play for Android. Styletag aims to bring real-time street fashion inspiration to a network of fashion savvy users.
Goodwear USA, an exclusively made-in-USA brand, has brought back to the market a sewing style originally created in the 1940's. Hanes and Duxbak brands originally called this the Swing sleeve.
Men's Wearhouse's Proposal Provides Jos. A. Bank's Shareholders with Substantial Premium and Immediate Liquidity
Combination Would Create the Premier Men's Apparel Retailer with Enhanced Scale and a Broadened Customer Reach
The Men's Wearhouse (NYSE: MW) today announced that it has proposed to acquire all of the outstanding shares of Jos. A. Bank Clothiers (Nasdaq: JOSB) common stock for $55.00 per share in cash, representing an implied enterprise value of approximately $1.2 billion.
The Men's Wearhouse proposal represents a 45% premium over Jos. A. Bank's unaffected enterprise value and a 32% premium over Jos. A. Bank's closing share price on October 8, 2013, the day prior to the public announcement of Jos. A. Bank's proposal to acquire Men's Wearhouse. The transaction represents a 9.1x enterprise value to last twelve months ("LTM") Adjusted EBITDA multiple (assuming $133 million of LTM Adjusted EBITDA as of August 3, 2013), a significant premium to Jos. A. Bank's proposal to acquire Men's Wearhouse. Men's Wearhouse intends to finance the transaction with a combination of balance sheet cash and debt financing.
Holiday Promos Include Nike+ FuelBand Drawing, '12 Days of Deals' & 10% Sitewide DiscountGet ready to score a holiday hat trick, courtesy of activewear company Cory Vines! It starts on Black Friday November 29 with a chance to be entered into a drawing to win one of three Nike+ FuelBands for any purchase through Cyber Monday December 2. It continues with a 10% Cyber Monday discount on any of the site's premium-quality, easy-sweat workout threads (code: cybermonday10).
American Eagle Outfitters, Inc. announces today that the brand will usher in a memorable and stylish holiday season, featuring festive "Yule Love This" men's and women's gifts that span cold-weather fashion to cozy accessories, accompanied by the brand's first-ever twelve-day digital sweepstakes. Fans of the brand will have the opportunity to win one of a dozen once-in-a-lifetime prizes as they shop the brand's "Legendary Gifts" collection from December 3, 2013 through December 14, 2013, both in-stores and online.
A new wedding store with a difference has opened its doors in March, Cambridgeshire.
Savvy Cinderella has been trading from a small commercial unit based at the owners home premises for 5 years and has now moved to just over 3,000 square feet of space, and covering 2 floors. It could make it the largest single wedding retailer in the UK.
Trendabl, the mobile social media platform designed for fashion enthusiasts, has introduced e-commerce, allowing their community of over one million users to shop the items they see instantly without ever leaving their Trendabl feed – making it the first social native commerce platform in fashion.
Stylinity Sets the Stage for Fashion Social Media Sharing
Stylinity, a new fashion tech startup merging social media, e-commerce and the in-store experience, announced today that it will debut its Style Stage at The Limited. The unveiling of the Style Stage, an internet-ready selfie studio, will take place at The Limited's flagship store at the Easton Town Center in Columbus, Ohio.
Von Maur Department Store announced today that it will again be closed on Thanksgiving to ensure employees have ample opportunity to spend time with family and friends over the holiday. For more than 140 years, Von Maur has remained closed on all major holidays, including Easter, Memorial Day, the Fourth of July, Labor Day, Thanksgiving, Christmas and New Year's Day.
Collaboration Represents the Program's Third Installment
Heineken®, the world's most international brewer, today debuted their exclusive denim collaboration with Japanese brand NEIGHBORHOOD for the #Heineken100 program, an exclusive seeding program that celebrates Heineken's "Man of the World."
Neiman Marcus announced today the launch of The Heart of Neiman Marcus program in conjunction with the launch of The Ken Downing Gift Collection.
The Heart of Neiman Marcus is a national umbrella program that concentrates the company's charitable giving efforts around supporting arts experiences for youth. Building a national program around this issue, including local activation and partners, enables Neiman Marcus to have a greater impact on the communities where stores are located and better align charitable efforts with the company's brand.
Every Pair of Shoes are Custom-made by Local Artisans in Peru from Authentic South American Textiles
Inkkas, a custom-made brand of shoes handcrafted at a family-owned workshop in Lima, Peru, today announced a Kickstarter campaign that will help raise funds to bring the company's fall line to the international market. Inkkas shoes are made using only high-quality authentic South American textiles (called "mantas") sourced directly from local artisans in Peru, Bolivia and Argentina. Those that pledge to the Kickstarter campaign will receive discounts of up to 25% off the current price of the shoes and will receive their orders before the new line is available is the general public.