Milan Fashion Week Calendar Changes
The Milan Fashion Week calendar is circulating and causing a stir among the local fashion set. The shows will start on Sept. 17 and end on Sept. 22. But the final day of shows which had always included Dsquared2 and Giorgio Armani, is now noticeably missing some big-name fashion houses.
The Camera Nazionale della Moda Italiana has instead positioned all heavyweight brands in the first five days, and given special attention to some of Italy’s emerging, younger labels, such as Stella Jean (pictured above) and Andrea Incontri, slated for Sept. 17, right before Gucci, as well as Au Jour le Jour and MSGM, scheduled for Sept. 21, along with Marni, Salvatore Ferragamo and Trussardi. Dsquared2 will show on Sept. 18 and Giorgio Armani on Sept. 20. Camera CEO Jane Reeve has plans to put a new generation of Italian designers in the limelight.
Michael Kors Shares Fall
Michael Kors Holdings Ltd. shares fell 5.9 percent Monday even though the firm reported a 50.2 percent increase in profits on a 43.4 percent gain in sales for the first quarter ended June 28. Analysts are more worried about the road ahead, including a projected decline in gross margins and operating margins in the future and concerns over the firm’s North American business since Michael Kors’ expansions overseas. Kors shares closed at $77.01. Nearly 21.7 million shares changed hands on Monday, compared with an average three-month trading volume of about 3.3 million.
Kors Chairman and CEO John D. Idol and CFO Joseph B. Parsons addressed the concerns on a conference call with Wall Street analysts. Idol spoke about the “great runway for growth” overseas giveng then a bit of a mixed message.
Stores Still Rule for Back-to-School
While digital and online are playing a bigger role in influencing purchasing decisions, the mainstay of where parents and students will buy still occurs in the physical store. The problem for retailers is less full-price selling now that the Back-to-School season has already been unveiled and more families are shopping later in the season. So after a tough first half at retail, the amount of discounting during the B-T-S season could place further pressure on firms’ margins in the second half. Trends were revealed in surveys by Accenture, Brand Keys and Deloitte.
– Carol Calacci
Source & Photo:WWD
Tags: Andrea Incontri, Au Jour le Jour, Back-to-School Shopping, Camera CEO Jane Reeve, Dsquared2, Fashion Headlines, fashion news, Giorgio Armani, Gucci, Marni, Micheal Kors Shares Drop, Milan Fashion week, MSGM, Salvatore Ferragamo, Stella Jean, Today's Fashion Headlines, Trussardi