Fashion is Supporting Apple Watch
Fashion retailers are getting behind the Apple Watch, despite wearables not yet fully gaining popularity. Apple has unveiled details of the long-awaited smartwatch yesterday. “I’m not predicting [sales numbers] today, but I’m really confident,” Apple CEO Tim Cook said. The watch will be available for preorder April 10th, and the same day will be available to preview at shop-in-shops Galeries Lafayette in Paris, Isetan in Tokyo and Selfridges in London. The Apple Watch will officially launch on April 24th. Colette in Paris, Dover Street Market in London and Tokyo, Maxfield in Los Angeles, 10 Corso Como in Milan and The Corner in Berlin are all set to sell the new gadget.
‘Zoolander’ Actors Close Valentino
Ben Stiller and Owen Wilson will reprise their roles as male models Derek Zoolander and Hansel McDonald in the sequel to “Zoolander.” The stars of the cult comedy film made a surprise appearance at Paris Fashion Week. At the end of the Valentino show, the duo and strutted down the runway to the delight of the guests. Valentino creative directors Maria Grazia Chiuri and Pierpaolo Piccioli said filming on “Zoolander 2” is in progress in Rome. “We met them and there was a good relationship,” said Chiuri, and explained that the actors came up with the idea for the stunt. Piccioli said it was all in good fun. “We love fashion. We think that we have to have fun. I mean, that’s what fashion is for. We work seriously, but we don’t take everything so seriously. It’s something different,” he added.
Neiman’s Profits Rise
Net earnings at Neiman Marcus Group LTD LLC for the second fiscal quarter ended Jan. 31, rose to $27.8 million compared to a net loss of $84 million in the year-ago period. Adjusted EBITDA for the second quarter was $200.3 million compared to $191.9 million in the second quarter of fiscal year 2014. The luxury retailer said its comparable revenues increased 5.6 percent with total revenues of $1.52 billion compared to $1.43 billion in the prior year. Last October, the company acquired MyTheresa, based in Munich, and in October 2013 Neiman Marcus Group was acquired by Ares Management LLC and the Canada Pension Plan Investment Board.
– Claire Mykrantz
Source & Image: WWD