Fashion & Finance Friday!

How fabulous that it is already Friday – gotta love a short week after a fantastic looooong weekend!

J. Crew shouted from the rooftop that their profits had nearly doubled in this first quarter, compared to last year.  Their revenues read an amazing $503.5 million, and the profit was a cool $30.7 million…in one quarter! As mentioned earlier, the Mickey Drexler CNBC documentary was a phenomenal piece,  inspiring corporate propaganda that any retailer would die to have aired!

Neiman Marcus enjoyed $1.06 billion revenues this year, up from $983 million last year.  Apparently big ticket retail is alive and kicking!  Needless Markup (oh come on, you know you use the nickname too) is going to focus on further developing CUSP, the 6 contemporary pop-up stores that they have had for 6 years.  Personally I love CUSP, I really enjoy the edited version of Neiman’s that it offers, and I always have success jumping in to CUSP, whereas attempting the same quick visit at Neiman’s seems daunting based on pure volume.

The Olsen twins (no matter what they do as adults, are forever referred to as such) are the new creative directors of Superga sneakers.  The Italian classics were purchased by Steve Madden and he then appointed The Row designers (LOVE LOVE LOVE The Row!!) the new Superga creative directors.  Sadly all the dedicated CASHMERE styles to be sold on The Row’s website are completely sold out.  Seccatura (bummer in Italian)!

Finance & Fashion Friday!

Bonjiorno Venedi!

Giorgio Armani announced a 45% increase in annual sales for 2011.  Not only is that an amazing increase for a year’s sales, it is also quite impressive that Giorgio felt like sharing that information…it is a privately held company so he could have kept that fabulous news all to himself.  (I would choose to brag about the good news too, especially right about now in Italy!)

China (again)…Ralph Lauren Corporation (stock symbol RL) has announced there will be 60 stores opening in the next three years.  Sixty!  Personally I am rethinking the potential payback of the Rosetta Stone Mandarin cds I just bought….

Speaking of the Lifshitz Family, (I just love the Lauren’s real surname!!!), Ralph’s gorgeous wife, Ricky Lauren, just released quite the delicious coffee table book, “The Hamptons: Family, Food and History” and launched the book at a soiree held at the Ralph Lauren Manhattan flagship store.  Cannot wait to get my mitts on a copy of that luscious read, just in time for summer!

The reverse commuter is tired today, stayed up too late watching an awesome CNBC  biography on Mickey Drexler, former CEO of The Gap, current CEO of J. Crew.   AMAZING WATCH!!!!!!!  He owns 7 homes (most oceanfront mansions) but started off in a  one room walk-up and very humble beginnings.  Still meets with the “borough boys” – men that he grew up with and know him better than anyone else (except his college sweetheart wife).  Mickey is inspirational on the professional and personal fronts, refreshing!  Plus he loves the color yellow – thinks it is an attention grabber (happens to be my youngest’s fave color).


Mickey is sending J. Crew over to China too….just saying (说 in Mandarin).