Today’s Fashion Headlines. August 6, 2012

August 6, 2012 • Fashion Blog, Fashion News

Diesel loses their designer, Victoria Beckham starts making optical frames, Sanctuary starts an intimate apparel line and July headed retail job losses.

Kokosalaki Leaves Diesel

Diesel is parting ways with Sophia Kokosalaki, who has designed the denim brand’s upscale Diesel Black Gold women’s collection since June 2009. Her final designs for the range will be shown at Diesel’s upcoming New York Fashion Week show in September. A new designer for Black Gold will be announced by Diesel in October. “I am extremely grateful to Sophia for her work and the achievement of the growth of this line,” said Renzo Rosso, founder and president of Diesel’s parent company, Only The Brave Group. “Thanks to her talent, Diesel Black Gold has defined its clear identity as a premium stand-alone label.”

Victoria Beckham Makes Frames Too!

Victoria Beckham is adding a new range of optical frames to her fashion portfolio. She partnered with Cutler & Gross on the six-piece optical collection that will make its debut at Silmo Paris on Oct. 4. Each style comes in three colorways, with the overall palette comprised of black, tortoise, topaz, yellow and forest green. All frames are handcrafted in Italy and fashioned from combinations of metal and acetate, the tips of each pair are adorned with a refined, diamond faceted “V.”

The designer, who is near-sighted herself, has been on a mission for the perfect prescription frames for as long as she can remember, admitting that she’s never photographed in glasses (except for oversize sunglasses) because it’s been trying to find a flattering pair. “I do need to wear glasses — [but] I haven’t found glasses that suit me or that I particularly like,” Beckham told WWD. “I’ve always been quite self-conscious [about this], so that’s why I’ve decided to do them myself.” Each pair will retail for $410.

Sanctuary Gets Femme

The first licensed collection of intimate apparel and loungewear by Sanctuary Femme will launch in November. Sanctuary Clothing, which was created in 1997, signed a licensing agreement with Los Angeles-based ESP Group Ltd., to produce and distribute the innerwear line earlier this year. Categories include daywear items such as bralettes, bandeaus and boykinis, as well as tanks and slips. There also are loungewear items, including tanks and pull-on pants. Fabrications include spandex blends with polyester satin and Modal as well as nylon stretch lace.

The full collection will be unveiled at the CurveNV trade show in Las Vegas, which runs Aug. 21 to 23. Key items from the collection were previewed at the Intermezzo trade fair in May, where orders from Bloomingdale’s were confirmed, said the spokeswoman. The intimates collection will also be shown at Sanctuary’s showrooms in Los Angeles and New York. Suggested retail will range from $16 for undies to $78 for pajamas.

U.S. Retailers Cut Payroll

Retailers made modest cuts in payrolls across the board in July, as employment in the overall economy continued to grow at a weak pace, the Labor Department said Friday. Apparel and accessories stores trimmed a seasonally adjusted 1,200 jobs to employ 1.36 million in July, while department stores cut 2,700 to employ 1.51 million. General merchandise stores, a category that includes department stores and discounters, cut 1,500 from payrolls to employ 3.05 million last month.

“I think it is fairly clear that growth in consumer spending has slowed since the winter and I think retailers are likely responding to that and scaling back their hiring,” said Scott Hoyt, director of consumer economics at Moody’s Analytics. Hoyt also noted that July is traditionally a clearance month for retailers and the smallest month of the quarter for stores.

Nigel Gault, chief U.S. economist at IHS Global Insight said, “The better-than-expected report will alleviate fears that the U.S. might be slipping back into recession. The report doesn’t change the big picture — the recovery remains very sluggish — and on its own won’t dissuade the [Federal Reserve] from injecting more stimulus next month.”

– Taneisha Jordan

Source & Photo: WWD

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