Today’s Fashion Headlines. August 16, 2012.

August 16, 2012 • Fashion Blog, Fashion News

Michael Kors Reveals Limited-Edition NY Runway Watch

To further ladies’ watch addictions, Michael Kors will soon debut a limited-edition New York runway watch. The design, an adaption of one of Kors’s best sellers, is a homage to the designer’s hometown and favorite city in the world, New York City. Only 2,000 watches, individually numbered, will be sold through and select retailers.

The dial has the words “New York” in script along with a diamond at the number 12 index. The case-back also features an etched New York City skyline. The design, as Kors told WWD, is for the customer who travels a lot and wishes to have a piece of New York with them everywhere they go. As Kors stated, New York “is the absolute nexus of the smartest, most creative, unconventional, open-minded, curious and fast-moving people anywhere in the world.”

Diet Coke Chooses Designer for a T-Shirt Design Challenge

Diet Coke recently reviled a t-shirt design by Miami International University of Art & Design student, Gustavo Alonso. The cotton tee features Alonso’s illustration of a woman wearing a high-collared red coat with black tights and red sky-high heels. Judges Cynthia Rowley, Zac Posen and L’Wren Scott took on the role of choosing the adorable design.

The contest, which was done through a partnership with the Council of Fashion Designers of America, was done to complement the recent new can redesign. Out of all entries for the Diet Coke Young Designer Challenge, it will be Alonso’s design that will be sold at Target, beginning September 3.

Bon-Ton Loss Widens

A widen loss occurred in the second quarter for the department store Bon-Ton due to costs related to reducing debt and other changes. The quarter ended July 28 with a net loss of $45 million, or $2.43 a diluted share. While comparable store sales increases 0.1%, total sale at fell 0.1%. This figure included a pre-taxed charge of $6.3 million for fees from the recently completed debt exchange of $330 million in senior notes.

Despite the lost, Brendan Hoffman, president and chief executive officer of the department store, stated that “In the second quarter, we continued to identify and implement initiatives to improve our business. While the financial results were below last year, we are encouraged by the progress we have made in several areas, including merchandising, eCommerce, and marketing…Our disciplined expense management efforts in the second quarter have us on track to achieve the expense reductions that were discussed in last quarter’s earnings release.”

– Lindsay Grundy

Source and Photo: WWD

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