Today’s Fashion Headlines: September 28, 2012

September 28, 2012 • Fashion Blog, Fashion News

Black Diamond Backlash

Kelly Osbourne stepped out at the 64th Primetime Emmy Awards donning a $250,000 black diamond manicure. The 267 carats of diamonds came from Los Angeles-based jeweler Azature, and only one bottle of the polish has been made. Osbourne obscenely tweeted about having so much money on her nails, then later sent her apologies. Using the hashtag #MyApologies, Osbourne said she was sorry if she offended anyone but added, “And please forgive me for not regretting it. It made me feel like a queen!”

Michael Kors Stock On Top

Luxury retailer Michael Kors has already seen its stock price double since going public late last year. Not only has Kors enjoyed rapid expansion over the past five years, it’s also made greater use of department-store partnerships to really drive sales totals. Kors managed to grow its retail sales by double-digit percentages in every year of the past five reported, excluding 2009, in the middle of a global recession, when a comparable-store sales growth rate of 6.3% was seen. For the past two fiscal years, Kors has averaged over 40% in annual comparable-store sales growth. Since its outlets are still predominantly located in the United States, Michael Kors has a lot of potential for international development. Analysts expect growth to proceed at a relatively modest 27% next year, but over the next five years Kors is expected to grow by 31% annually.

‘Little Black Dress’ Journey Through Time

Savannah College of Art and Design trustee and Vogue Contributing Editor André Leon Talley will be curating the “Little Black Dress” exhibition at the SCAD Museum of Art. Charting the historic and contemporary significance of a singular sartorial phenomenon, this exhibition will run from September 28, 2012 through January 27, 2013 and feature approximately 80 garments from a plethora of modern fashion designers. “Little Black Dress” explores the evolution of a definitive  style that  has embodied the shifting social tides of the modern world for over a century. Delivering some of the most ineffaceable images of our visual age, each dress is infused with the value of its day. Visit the SCAD Museum of Art for more information.

– Selicia A. Walker

Sources: Forbes, Daily Finance, WWD

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