Talbots

The Style File Daily Cheat Sheet

Long is in Short is Out, Lacoste's Lemaire at Hermes, Expensive Handbags at the Mall, J. Crew's Profits Rise and Gucci Cruise 2011.

(nyt)A Long, Lean Backlash to the Mini

Ruth La Furla of the NYT shows you how wearing the long maxi silhouette this summer can give you a whole new look and presence. "An elongated silhouette also represents a turning away from the frivolity and calculated provocation of a thigh-high skirt “toward a more austere sensibility,” said Holli Rogers, the buying director for Net-A-Porter, which highlights and sells long tanks from Helmut Lang(a side-split jersey maxi, $330), Stella McCartney (a long silk shirtdress, $1,115) and L’Agence (a cross-back jersey maxi, $200) on its Web site. “People are accepting a more muted, covered-up feeling and moving on". “There is definitely a movement to a very lengthy look, especially among the young,” said Nevena Borissova, a partner in Curve, a progressive retailer with stores in New York, Los Angeles and Miami. Ms. Borissova favors radically stretched-out skirts and dresses that “drag on the floor, with raw edges, and worn with combat boots,” she said. And as she pointed out, these myriad calf- or ankle-grazing iterations of the milelong skirt bear no relation to “Big Love” or, for that matter, the Summer of Love."read more

(AP)Gaultier exiting Hermes, Lacoste's Lemaire enters

"Jean-Paul Gaultier is leaving high-end fashion house Hermes' womenswear line, and Lacoste designer Christophe Lemaire is taking over as artistic director, the fashion company said Thursday. Gaultier will oversee the spring-summer 2011 collection to be revealed in 2010, and Lemaire will take over for the fall-winter 2011 collection, the Paris-based firm said in a statement. The move puts an end to "seven fruitful years of creative partnership" and allows Gaultier "to concentrate on his own projects," the statement said. Much tamer and preppy than his own signature line, Gaultier's collections for Hermes consistently garnered critical acclaim. "This has been a marvelous adventure which has allowed me to learn about a new 'savoir faire,'" said Gaultier. He said he'd maintain "a privileged relationship" with Hermes, which has a 45 percent stake in his own company, Jean-Paul Gaultier." read more

(wsj)These Bags Cost a Lot!

"As shoppers begin to feel the recession lifting and tiptoe back into spending, some mall stores are seeing a small window of opportunity to woo them in a new way: big-ticket handbags. Talbots Inc. will line its shelves with a $425 python-embossed shoulder bag come fall. Teenybopper Abercrombie & Fitch Co.'s megastores now stock $300-and-up bags alongside the belts and flip-flops. And Ann Taylor Stores Corp. is offering new carryall totes for as much as $298. These pricey purses—which feel particularly pricey in stores like Ann Taylor, where the average price of an item sold last year was $38—are the latest incarnation of the accessory craze, which retailers seized on last year after clothing sales plummeted. Penny-pinching shoppers who took a pass on apparel instead snapped up jewelry as a quick way to update their wardrobes. Bags, like jewelry, don't require a trip to the fitting room, and are more likely to be an impulsive, and emotionally satisfying, purchase." read more

(wwd)J. Crew Profits Rise

"Driven by greater full-price selling and differ-entiated merchandise, J. Crew Group Inc. posted strong first-quarter results, with net income more than doubling to $44.7 million and comparable-store sales rising 15 percent. With the business continuing to be on a roll, the company raised guidance for fiscal 2010 earnings to $2.35 to $2.45 a diluted share, as compared with previous guidance of $2.20 to $2.30 and fiscal 2009 earnings per share of $1.91.  Also on Thursday, J. Crew opened its first bridal store, at 769 Madison Avenue in Manhattan, and launched madewell.com. And recently, J. Crew launched a partnership with the Net-a-porter fashion Web site, giving J. Crew instant presence in 170 countries as well as some indications where the U.S. retailer might consider international expansion in the future." read more

wwd-Gucci Cruise 2011

(wwd)Gucci Cruise 2011

We love Gucci's Cruise 2011 collection which is print heavy with overdyes, tiger stripes and a Military-Rocker feel.  click to see more pictures

The Style File Daily Cheat Sheet

After slight break from blogging, I'm back! Here is the newest addition to the Style File Group, The Daily Cheat Sheet-- where I will be updating you with the latest news in the Fashion Business for your reading enjoyment.

(WSJ) Talbots Politely Shows Granny the Door

"After spending last year atop the retail death-watch list, Talbots Inc. is now a favorite on Wall Street, thanks to cost cuts and a complex financial arrangement for unloading its enormous debt. Chief Executive Trudy Sullivan is attempting to refocus on women 35 and older. Talbots, known for classic apparel targeted at the middle- and upper-class suburban set, still has work to do. Its image had gotten so old that in a customer survey a couple of years ago, women 65 years of age and older said the brand was for "someone older," says Ms. Sullivan. Making a brand younger is notoriously tricky: Talbots must make its clothes more youthful without alienating its core customers during the transition, and it has to persuade a new swath of women in their 30s and 40s to consider shopping there.Talbots has stepped up its fashion quotient, with offerings that include a sequin-trimmed sweater and leopard-print-lined black booties. So far, it has had some hits and misses. Last spring, "ethnic" prints in bright colors including orange and lime green misfired."

(WWD) Macy’s Swings to 1st-Qtr. Profit

"Macy's inc announced Wednesday that it's profits rose to it's highest point since the recession. Sales totaled $5.57 billion an increase of 7.2% over last years %5.2 billion while comp store sales rose 5.5%. Even Macy's online sales were up 34% since last quarter."

(NYT) Discount Store Is New York Beachhead for Nordstrom

"After more than a century, Nordstrom, the upscale department store chain from Seattle, will make its Manhattan debut on Tuesday. Expect 25,000 pairs of discounted shoes, and an automated checkout line more at home in a supermarket than a purveyor of luxury goods. Like any other Nordstrom Rack, though, only about 25 percent of the merchandise comes from full-line Nordstrom stores. And with the luxury retail business improving, Nordstrom stores have been turning over inventory more quickly than ever."

(WWD) Urban Outfitters, Kohl’s on the Rise

"The retail rebound appeared to be alive and well Thursday morning as Urban Outfitters Inc. and Kohl’s Corp. both beat first-quarter expectations, posting double-digit gains on both the top and the bottom lines. Urban Outfitter’s earnings jumped 72 percent to $53 million and Kohl’s net income rose 45.3 percent to $199 million.Kohl’s also boosted its full-year profit projections. The chain now expects to earn $3.57 to $3.75 a share, up from the $3.40 to $3.63 previously predicted."

(WWD) Warnaco Posts Net Gain, Ups Guidance

"The Warnaco Group Inc. on Monday posted a 27.7 percent increase in first-quarter profits and raised fiscal 2010 guidance. Joe Gromek, president and chief executive officer, said, “Looking ahead, we are optimistic about the prospects for our company….In addition to powerful brands, Warnaco possesses a highly efficient business model, an established global infrastructure and an experienced leadership team.” He said in 2010, the company will continue to focus on global expansion and “opportunities to expand our direct operation through strategic acquisitions of key distribution and franchise partners.”"

(The Frisky)Chanel Cruises Through Saint-Tropez With Playful Fashion Show

"With a sidewalk outside a patisserie as a makeshift runway, there was nothing theatrically lacking about Chanel‘s cruise 2011 fashion show presented yesterday in the jet-setter’s paradise of Saint-Tropez, France. Karl Lagerfeld substituted his usual black suit for a shiny purple ensemble (but kept the fingerless gloves, bien sûr), models approached the runway by yacht, and teen fashion sensation Georgia Jagger supposedly snuck out of the house to walk in the show, finishing it off with a motorcycle ride down the boardwalk. "