The Business of Fashion: LVMH Moët Hennessy Louis Vuitton Announces Record 2016 Results

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €37.6 billion in 2016, an increase of 5% over the previous year. Organic revenue growth was 6%.lvmh-moet-hennessy-louis-vuitton

In the fourth quarter, revenue increased by 9% compared to the same period of 2015. Organic growth was 8%. The American market remains on a good track as does Europe. Asia, excluding Japan, continued its good momentum.

Profit from recurring operations reached €7 billion in 2016, an increase of 6%, to which all business groups, apart from selective distribution, contributed. This result compares to 2015 which was itself a year of growth. Operating margin reached 18.7%. Group share of net profit was €3 981 million, representing growth of 11%.

Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH achieved an excellent performance in 2016 within a context of geopolitical and economic instability. Continued innovation, entrepreneurial spirit and the quest for excellence: all Maisons continue to assert these core values while maintaining rigorous execution of their strategies on the ground. In an environment which remains uncertain, we can count on the appeal of our brands and the agility of our teams to strengthen, once again in 2017, our leadership in the universe of high quality products.

Key highlights from 2016 include:

  • Record revenue and profit from recurring operations
  • Growth in the United States, Europe and Asia
  • Good performance of Wines & Spirits in all regions
  • The success of both iconic and new products at Louis Vuitton, where profitability remains at an exceptional level
  • Progress at Fendi
  • The sale of Donna Karan and the acquisition of Rimowa, a leader in luggage of excellence
  • Good momentum at Parfums Christian Dior driven by successful product innovations
  • Market share gains at Bvlgari and TAG Heuer
  • Growth at Sephora which strengthened its position in all its markets and in digital
  • Free cash flow of €3 974 million, an increase of 8%
  • Gearing of 12% at end of December 2016

WINES & SPIRITS: GOOD YEAR WITH PROGRESS IN THE UNITED STATES AND REBOUND IN SHIPMENTS TO CHINA

The Wines & Spirits Business Group recorded an increase in organic revenue of 7 %. On a reported basis, revenue growth was 5 %. Profit from recurring operations increased by 10 %. With volumes up 3%, solid growth continues for champagne and prestige cuvees performed particularly well. Hennessy cognac enjoyed an excellent year with 10% volume growth. The American market is growing well and China saw better momentum after a tough 2015 due to destocking by distributors. Other spirits, Glenmorangie and Belvedere, continued their growth.

LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Hennessy, Glenmorangie, Ardbeg, Belvedere, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle, Newton, Bodega Numanthia and Ao Yun.

FASHION & LEATHER GOODS: GOOD PERFORMANCE OF LOUIS VUITTON, OTHER BRANDS STRENGTHENED THEIR POSITIONS

The Fashion & Leather Goods Business Group recorded organic revenue growth of 4% in 2016. On a reported basis, revenue growth was 3 %. Profit from recurring operations increased by 10%. Louis Vuitton had a good year driven by the level of creativity across all its businesses. The continued success of its iconic product range and the strong demand for recent creations such as the new luggage designed by Marc Newson and the Louis Vuitton fragrances, all contributed to this growth. Fendi recorded robust growth crossing the symbolic revenue threshold of 1 billion euros during the year. Loro Piana continued to expand its distribution network and opened a flagship store in Paris. Céline, Loewe and Kenzo all continued to grow. Marc Jacobs continued to work on changes to its collection. Donna Karan was sold in December to the American G-III group. Rimowa, world leader in luggage of excellence, joined the LVMH group.

Its Fashion and Leather Goods division includes Louis Vuitton, Céline, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Nicholas Kirkwood, Loro Piana and Rimowa.

PERFUMES & COSMETICS: CONTINUED SUCCESS OF INNOVATIONS; EXCELLENT PERFORMANCE IN MAKEUP

The Perfumes & Cosmetics Business Group recorded organic revenue growth of 8%. On a reported basis, revenue growth was 6%. Profit from recurring operations increased by 5%. The inauguration of the new atelier for the creation of fragrances, Les Fontaines Parfumées, at Grasse was a highlight of the year. Parfums Christian Dior grew market share in all regions, driven by the worldwide success of Sauvage and the vitality of its iconic perfumes J’adore and Miss Dior. The progress of makeup also contributed to the Maison’s excellent performance. Guerlain benefitted from the successful launch of its new makeup collection inspired by its fragrance La Petite Robe Noire. Benefit experienced strong growth driven by the success of its new collection for eyebrows. Make Up For Ever, Fresh and Kat Von D performed well.

LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe as well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di Parma and Fresh).

WATCHES & JEWELRY: MARKET SHARE GAINS FOR BVLGARI AND TAG HEUER

The Watches & Jewelry Business Group recorded organic revenue growth of 5%. On a reported basis, revenue growth was 5%. Profit from recurring operations increased by 6%. Bvlgari continued to gain market share with enhancements to its Serpenti, Diva and B.zero1 lines. Growth continued in China, Korea and in the Middle East. TAG Heuer grew despite a difficult market for watches, gained market share and benefitted from the success of its new collections and its connected watch. Hublot accelerated its development in Asia and recorded the best year in its history. Chaumet continued to move its product lines upmarket and inaugurated a new boutique concept in Hong Kong.

LVMH‘s Watches and Jewelry division comprises Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred, Hublot and De Beers Diamond Jewellers Ltd, a joint venture created with the world’s leading diamond group.

SELECTIVE RETAILING: GOOD PERFORMANCE AT SEPHORA, DFS IMPACTED BY A DIFFICULT TOURISM CONTEXT IN ASIA

The Selective Retailing Business Group recorded organic revenue growth of 8%. On a reported basis, revenue growth was 7%. Profit from recurring operations declined by 2%. Sephora gained market share across all regions and once again recorded double-digit growth in both revenue and profits. More than a hundred stores were opened in 2016 including notably a flagship store in the World Trade Center in New York and major renovations in Boston and Singapore. Its online offer accelerated with the launch in six new countries. DFS continued to face a difficult environment, notably in Hong Kong. The expansion into new destinations continued. The opening of the T Galleria in Angkor in Cambodia and one in Venice, Italy were the highlights of the year.

LVMH is also active in selective retailing as well as in other activities through DFS, Sephora, Le Bon Marché, La Samaritaine, Royal Van Lent and Cheval Blanc hotels.

Key figures:

             
Euro millions    

2015

 

2016

 

% change

Revenue    

35 664

 

37 600

 

+ 5 %

Profit from recurring operations    

6 605

 

7 026

 

+ 6 %

Group share of net profit    

3 573

 

3 981

 

+ 11 %

Free cash flow*    

3 679

 

3 974

 

+ 8 %

Net financial debt    

4 235

 

3 265

 

– 23 %

Total equity    

25 799

 

27 903

 

+ 8 %

* Before available for sale financial assets and investments, transactions relating to equity and financing activities Continue reading

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Marc Jacobs Beauty Spring 2017 Campaign Images with Kaia Gerber Revealed

Marc Jacobs Beauty has revealed the new face of the brand for the Spring 2017 Collection Campaign, Kaia Gerber (daughter of supermodel Cindy Crawford and lifestyle entrepreneur Randy Gerber), in the first official campaign images. The campaign, shot by David Sims, styled by Katie Grand, with makeup by Diane Kendal, hair by Guido Paolo and nails by Jin Soon Choi will appear in print, outdoor and digital campaigns for the prestige beauty brand.

We’ve been really fortunate to have had incredible women represent Marc Jacobs beauty — from Edie Campbell to Jessica Lange — and are excited to add Kaia Gerber to that list. shooting her for the beauty campaign was fantastic in every way – her beauty, her charm, her incredible personality, and her professional work ethic, proved the apple doesn’t fall far from the tree,” states the designer.

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Marc Jacobs Beauty announces Kaia Gerber as the new face of the brand for 2017. In thsi image, she’s wearing new Highliner Matte Gel Eye Crayon Eyeliner In Whirl(Pool) and O!Mega Lash Volumizing Mascara In Peacock. (Image courtesy of the brand)

In the first image, Kaia wears the new HIGHLINER MATTE GEL EYE CRAYON EYELINER IN WHIRL(POOL) and O!MEGA LASH VOLUMIZING MASCARA IN PEACOCK, which are a part of the new Spring 2017 Collection launching in January 2017.

marc-jacobs-beauty-matte-highliner-in-whirlpool-51-for-spring-2017

Marc Jacobs Beauty Matte Highliner in Whirlpool 51 for Spring 2017. (Image courtesy of the brand)

marc-jacobs-beauty-omega-lash-volumizing-mascara-in-peacock-40-for-spring-2017

Marc Jacobs Beauty O!Mega Lash Volumizing Mascara in Peacock 40 for Spring 2017 (Image courtesy of the brand)

In the second image, Kaia wears the new LE MARC LIQUID LIP CRÈME IN SLOW BURN, also part of the new Spring 2017 Collection launching in January 2017, but you can be among the first to score this incredible new long-wear lip formula on one day only – Cyber Monday (11/28) – on sephora.com.

kaia-gerber-wearing-the-new-marc-jacobs-beauty-liquid-le-marc-lip-color-for-spring-2017

Kaia Gerber wearing the new Marc Jacobs Beauty Liquid Le Marc Lip Color for Spring 2017. (Image courtesy of the brand)

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Marc Jacobs Beauty Le Marc Liquid Lip Crème in Slow Burn for Spring 2017. (Images courtesy of the Brand)

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The 2014 CFDA Fashion Awards Winners

JOSEPH ALTUZARRA NAMED WOMENSWEAR DESIGNER OF THE YEAR

RIHANNA NAMED FASHION ICON OF THE YEAR

AWARDS SHOW TO BE WEBCAST ON CFDA.COM ON TUESDAY, JUNE 3RD AT 11AM

House Photography:  BFA: www.bfanyc.com

Last night, the Council of Fashion Designers of America (CFDA) paid tribute to the winners and honorees of the 2014 CFDA Fashion Awards in collaboration with Swarovski at Alice Tully Hall, Lincoln Center. Film director and screenwriter John Waters was the host for the evening. For the thirteenth year in a row, the evening was generously underwritten by Swarovski. Highlights of the evening included a live tribute featuring sixteen models of color in Diane von Furstenberg dresses paying homage to Founder’s Award honoree Bethann Hardison for advocating diversity on the runways and Michael Kors leading the In Memoriam segment in which he honored the passing of Annabel Tollman, L’Wren Scott, and Art Ortenberg over the past year.

2014 CFDA Fashion Awards - Award Presentation with hos John Waters

2014 CFDA Fashion Awards – Award Presentation with hos John Waters

Nominees, honorees, and winners were determined by the CFDA Awards Guild which is comprised of CFDA members, leading fashion journalists, stylists, and top retail executives. Ernst & Young, LLP was the official accounting firm of the Awards.

Tonight, we celebrated creativity, experience, and conviction by honoring the diversity and vibrancy of individuals who define the influence of the fashion industry,” said CFDA President Diane von Furstenberg.

ACCESSORIES WINNERS - THE ROWMARY - KATE OLSEN & ASHLEY OLSEN WITH PRESENTER KERI RUSSELL(Center)

ACCESSORIES WINNERS – THE ROWMARY – KATE OLSEN & ASHLEY OLSEN WITH PRESENTER KERI RUSSELL(Center)

Dao-Yi Chow, James Marsden, Maxwell Osborne

Dao-Yi Chow, James Marsden, Maxwell Osborne

Lupita Nyongo, Joseph Altuzarra

Lupita Nyongo, Joseph Altuzarra

The evening’s Womenswear Designer of the Year honors went to Joseph Altuzarra for Altuzarra, presented by Lupita Nyong’o. The award for Menswear Designer of the Year was presented to Maxwell Osborne & Dao-Yi Chow for Public School by actor James Marsden. Mary-Kate Olsen & Ashley Olsen for The Row took home the Accessories Designer of the Year Award, presented by actress Keri Russell.

Sebastian Stan, Christopher Peters, Nadja Swarovski, Shane Gabier, Greta Gerwig, Tim Coppens, Irene Neuwirth

Sebastian Stan, Christopher Peters, Nadja Swarovski, Shane Gabier, Greta Gerwig, Tim Coppens, Irene Neuwirth

Greta Gerwig and Sebastian Stan presented the three Swarovski Awards, which honor and recognize emerging talent. The Swarovski Award for Womenswear was given to Shane Gabier & Christopher Peters for Creatures of the Wind. The Swarovski Award for Menswear was presented to Tim Coppens. The Swarovski Award for Accessory Design went to Irene Neuwirth. Recipients in each category will receive generous financial support from the company as well as exposure to the company’s vast and innovative crystal products and applications for fashion.

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Rihanna was presented with the Fashion Icon award by Vogue editor in chief Anna Wintour who praised the musician for her ability to tell captivating stories through the boldness and beauty of clothes. Rihanna thanked members of the audience: “the designers, the models, and everyone else who has inspired me.

The CFDA believes in designers at every stage of their career.  Last night we recognized a broad range of talent and influence from student scholarship winners and emerging talent to industry icons,” added CFDA CEO Steven Kolb.

It’s been an honor to partner with the CFDA in celebrating the very best in American fashion for thirteen incredible years, and the creativity of the award winners never fails to amaze.  We are especially pleased to support the industry’s next generation through the Swarovski Awards. It’s a privilege to help these dazzling young talents evolve and realize their visions as they take the next steps in their careers,” said Nadja Swarovski, Member of the Swarovski Executive Board.

The Geoffrey Beene Lifetime Achievement Award was presented to Tom Ford by Richard Buckley for his consistent, creative influence on fashion.

LIFETIME ACHIEVEMENT HONOREE TOM FORD

LIFETIME ACHIEVEMENT HONOREE TOM FORD

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amfAR’s CINEMA AGAINST AIDS GALA RAISES A RECORD BREAKING $35 MILLION FOR RESEARCH TO FIGHT HIV/AIDS AND TO HELP FIND A CURE

EVENT SPONSORED BY WORLDVIEW ENTERTAINMENT, BOLD FILMS, BVLGARI, MERCEDES-BENZ and THE WEINSTEIN COMPANY

The 21st annual Cinema Against AIDS raised a record $35 million last night, helping amfAR in its continued fight against HIV/AIDS. The star-studded black-tie event was held at the Hotel du Cap Eden Roc and was presented by Worldview Entertainment, Bold Films, and BVLGARI.
CAP D'ANTIBES, FRANCE - MAY 22:  Harvey Weinstein and Heidi Klum speak onstage during amfAR's 21st Cinema Against AIDS Gala Presented By WORLDVIEW, BOLD FILMS, And BVLGARI at Hotel du Cap-Eden-Roc on May 22, 2014 in Cap d'Antibes, France.  (Photo by Tim P. Whitby/Getty Images for amfAR)

CAP D’ANTIBES, FRANCE – MAY 22: Harvey Weinstein and Heidi Klum speak onstage during amfAR’s 21st Cinema Against AIDS Gala Presented By WORLDVIEW, BOLD FILMS, And BVLGARI at Hotel du Cap-Eden-Roc on May 22, 2014 in Cap d’Antibes, France. (Photo by Tim P. Whitby/Getty Images for amfAR)

CAP D'ANTIBES, FRANCE - MAY 22:  Dean Caten, Sharon Stone and Dan Caten attend amfAR's 21st Cinema Against AIDS Gala Presented By WORLDVIEW, BOLD FILMS, And BVLGARI at Hotel du Cap-Eden-Roc on May 22, 2014 in Cap d'Antibes, France.  (Photo by Pascal Le Segretain/amfAR14/WireImage)

CAP D’ANTIBES, FRANCE – MAY 22: Dean Caten, Sharon Stone and Dan Caten attend amfAR’s 21st Cinema Against AIDS Gala Presented By WORLDVIEW, BOLD FILMS, And BVLGARI at Hotel du Cap-Eden-Roc on May 22, 2014 in Cap d’Antibes, France. (Photo by Pascal Le Segretain/amfAR14/WireImage)

Since amfAR’s late Founding International Chairman Dame Elizabeth Taylor hosted the first Cinema Against AIDS in 1993, the event has become the most coveted ticket in Cannes. Past events have been chaired by amfAR Global Fundraising Chairman Sharon Stone, President Bill Clinton, Demi Moore, Sir Elton John, and Madonna, among many others.
Like the epidemic itself, AIDS research knows no borders. amfAR’s programs have had a global reach since 1986, when the Foundation began awarding international grants. Today, amfAR continues to fund HIV/AIDS researchers worldwide and works to translate their research into effective policy, prevention, and treatment programs around the globe.
CAP D'ANTIBES, FRANCE - MAY 22:  (L-R) Eva Herzigova and Sharon Stone speak onstage during amfAR's 21st Cinema Against AIDS Gala Presented By WORLDVIEW, BOLD FILMS, And BVLGARI at Hotel du Cap-Eden-Roc on May 22, 2014 in Cap d'Antibes, France.  (Photo by Dominique Charriau/WireImage)

CAP D’ANTIBES, FRANCE – MAY 22: (L-R) Eva Herzigova and Sharon Stone speak onstage during amfAR’s 21st Cinema Against AIDS Gala Presented By WORLDVIEW, BOLD FILMS, And BVLGARI at Hotel du Cap-Eden-Roc on May 22, 2014 in Cap d’Antibes, France. (Photo by Dominique Charriau/WireImage)

CAP D'ANTIBES, FRANCE - MAY 22:  Kellan Lutz attends amfAR's 21st Cinema Against AIDS Gala Presented By WORLDVIEW, BOLD FILMS, And BVLGARI at Hotel du Cap-Eden-Roc on May 22, 2014 in Cap d'Antibes, France.  (Photo by Andreas Rentz/amfAR14/WireImage)

CAP D’ANTIBES, FRANCE – MAY 22: Kellan Lutz attends amfAR’s 21st Cinema Against AIDS Gala Presented By WORLDVIEW, BOLD FILMS, And BVLGARI at Hotel du Cap-Eden-Roc on May 22, 2014 in Cap d’Antibes, France. (Photo by Andreas Rentz/amfAR14/WireImage)

Sharon Stone was once again a Chair of the event, along with Harvey Weinstein, amfAR ambassador Milla Jovovich, Heidi Klum, BVLGARI Ambassador Carla Bruni-Sarkozy, John Travolta, Kelly Preston, Aishwarya Rai Bachchan and Abhishek Bachchan, Carine Roitfeld, amfAR Chairman Kenneth Cole, Bulgari Group Chief Executive Officer Jean-Christophe Babin, amfAR Global Fundraising Ambassador Milutin Gatsby, Michel Litvak, Vincent Roberti, Remo Ruffini, Worldview Entertainment chairman and CEO Christopher Woodrow, and Worldview Entertainment COO Molly Conners.

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Academy of Arts University Fashion Design and Textile Design Students Shine at Fall/Winter 2014 New Fashion Week

Designer Profile and Inspiration Images by David Dooley/Runway Images by Randy Brooke/WireImage 

Every designer dreams of showing their collection at Mercedes- Benz Fashion Week, and on Friday, February 7th that dream came true for 13 designers from the School of Fashion at Academy of Art University. “Since 2005, the School of Fashion has premiered the collections of students and recent graduates during New York Fashion Week. Part of our commitment to our students is to help launch their careers and have their work seen by industry professionals,” said Dr. Elisa Stephens, President of Academy of Art University. “Debuting these designers’ collections during Mercedes-Benz Fashion Week is an incredible opportunity for each of them.”

With more than 18,000 students, Academy of Art University is the nation’s largest accredited private art and design university. Established in 1929, the school offers accredited A.A., B.A., B.F.A., M.A., M.F.A., and M.Arch degree programs in Acting, Advertising, Animation & Visual Effects, Architecture, Art Education, Art History, Fashion, Fine Art, Game Design, Graphic Design, Illustration, Industrial Design, Interior Architecture & Design, Jewelry & Metal Arts, Landscape Architecture, Motion Pictures & Television, Multimedia Communications, Music Production & Sound Design for Visual Media, Photography, Visual Development, and Web Design & New Media. Online degrees are offered in most areas. Academy of Art University is an accredited member of WASC (Western Association of Schools and Colleges), NASAD (National Association of Schools of Art and Design), NAAB (Master of Architecture), and CIDA (Council for Interior Design Accreditation offered for BFA-IAD, MFA-IAD).

For the Fall 2014 season, 13 designers presented eight collections, four of which were collaborations between Fashion Design and Textile Design students. In total, six womenswear and two menswear collections were presented at the Academy of Art University Mercedes-Benz Fashion Week show.

Jaci_Hodges_Nisha_Hanna_Btesh_lineup

Jaci Hodges, M.F.A. Fashion Design, collaborated with Nisha Hanna Btesh, B.F.A. Textile Design, on a 1960s-inspired womenswear collection that was created with the use of Shibori, the Japanese technique of resistance felting. Originally from Austin, TX, Jaci holds a B.B.A. in Marketing with a minor in Philosophy. Additionally, she recently completed a design internship with gr.dano, a Bay Area ready-to-wear company co-founded by fellow alumna Jill Giordano. Nisha is a California native, born and raised in San Diego. Jaci and Nisha were inspired by the excess of prints worn during the late 1960s, in particular to those seen on the Brady Bunch, and the costumes worn by Mia Farrow in the film Dandy in Aspic.

Frank_Tsai_Andrea_Nieto_lineup

Frank Tsai, M.F.A. Fashion Design, collaborated with Andrea Nieto, B.F.A. Textile Design, on a menswear collection inspired by the mood and emotion of an international photography collection, “Beauty in Decay,” personal struggle, raw emotion, and the different stages of the healing process. Frank was born and raised in Kaohsiung, Taiwan, earned a B.S. Degree in Fashion Design and Merchandising, was awarded high honors for his undergraduate fashion show, and worked as the Marketing Manager for FU YU Clothing Company. Andrea grew up in Cali, Valle del Cauca, Colombia, is on the Academy of Art University President’s Honor List, was awarded a $10,000 scholarship through the YMA Scholarship Fund as a Geoffrey Beene National Scholar, and recently finished a design internship at BCBGMAXAZRIA. Continue reading

Macy’s Herald Square Beauty and Fragrance Department Unveils Its Biggest and Boldest Makeover Yet

Beauty Starts From the Inside with New Cosmetics, Skincare and Fragrance Brands, Fully Re-Designed Counters, All-New Shop-In-Shop Installations, And Salon Services

All Images Courtesy of Macy’s Inc.

A state-of-the-art and sophisticated shopping experience awaits shoppers as Macy’s Herald Square unveils a striking new look for its signature world of beauty and fragrances today. The long-awaited reveal has been months in the making, culminating with the most dramatic makeover of a beauty department in modern retail history. Re-fashioned within a brand-new 24,000 square-foot space and re-imagined within the grand architectural setting of the majestic Main Floor, the new Cosmetics and Fragrances department at Macy’s Herald Square will be the pre-eminent retail showcase for beauty brands and salon services. New luxury and prestige brands in color, treatment and skincare collections, as well as brand new counters, shops and bars for brows, blow-outs and nails will elevate the macys_on_black_se_8540customer experience and exceed their expectations. Beauty will truly be in the eye of the beholder as Macy’s Herald Square restyles the world’s ultimate beauty destination.

Beauty is always one of the most dynamic businesses and departments at Macy’s Herald Square,” said Muriel Gonzalez, executive vice president/general merchandise manager for cosmetics, fragrances and shoes. “With the renovation of our flagship store, we were able to completely re-imagine the space devoted to all things beauty, allowing us to bring in luxury brands such as Dolce & Gabbana, Hermes, La Mer, Laura Mercier, Jo Malone London and Tom Ford, and for the first time, layer in salon services for nails, brows and hair all in one location. Macy’s Herald Square undeniably has the most powerful presentation for beauty in New York City.”

Macy's Herald Square, New York City

Macy’s Herald Square, New York City

She added, “In addition to the new color, skincare and fragrance collections being introduced, all of our existing vendors embraced the spectacular changes at Macy’s Herald Square with their own state-of-the-art installations that are unique, interactive and the most exciting cosmetics counters in the city.

Beauty indeed does start from within. Located in the heart of the store and at the crossroads of the Main Aisle and the newly opened Memorial Door Entrance off of 34th Street, the new Cosmetics and Fragrances department at Macy’s Herald Square is the crowning moment of the extensive Main Floor renovation begun last year. Redesigned with new architectural accents and structural elements, two sets of sweeping marble staircases along both the 34th and 35th Street sides of the store frame the stunning new department and create a spectacular arena for shopping. For the first time, show windows along 34th Street have been opened to provide vistas from the street into the store. Passersby can now experience the energy and excitement of the city’s most popular beauty destination as they travel along the bustling thoroughfare.

Once inside, shoppers enter a world of breathtaking beauty accented by modern design aesthetics and a sleek, modern sensibility. A brand-new Kiehl’s shop complete with its signature motorcycle display is offset by Macy’s award-winning Impulse Beauty concept. Steps away from 34th Street, an outpost for Blow, the New York Blow Dry Bar Express and everyone’s favorite trend-setting brands including Bare Escentuals, Benefit, butter LONDON, essie, Inglot, Lipstick Queen, Smashbox, Tarte, Too-Faced, and Urban Decay await the shopper inside. Providing express services and views from 34th Street, Blow’s new outpost will be first stop for fast blow-outs, up-dos and quick re-styles and then it is off to Benefit’s Brow Bar for a quick re-shape. Continue reading

The Loafer: A Shoe for All Seasons

Written by Phillip D. Johnson        

Shoe Images provided by Maguire Steele

In recent seasons, high-end shoe designers has taken the men’s loafer shoe into new heights of fashion, making what has long been a men’s staple shoe into a coveted high fashion must-have for women everywhere. Women’s high fashion loafers have appeared in so many collections (and permutations) over the past few seasons, that this usually understated shoe has become truly beyond fabulously trendy. It has become epic. Formerly seen only at preppy brands, the loafer has been taken up by such unlikely champions as Nicholas Kirkwood, the London-based footwear designer whose designs are not generally described as understated, in a pilgrim-inspired, rhinestone buckle version from Marc Jacobs; a suede platform loafer from Saint Laurent Paris and a gold-tipped kiltie-style from Chloé. The trend has even drifted downwards to H&M, Payless, Zara, and other “fast fashion” and mid-priced merchandisers. The loafer rules.

Few men’s shoes today are more flexible and diverse than loafers. Chances are that you have at least one pair of loafers

somewhere in your closet. The penny loafer is a classic. It’s every boy’s first dress shoe (no laces), looks perfect when beaten-up and broken down through your college days, and later is spiffy enough for the office. It’s a lifelong wardrobe staple and just about the most versatile shoe a man will ever own. The history of the loafer is really a simple one. The first loafer, as known and beloved by men today, was reportedly inspired by a 1930s photo in “Esquire” magazine, which captured a group of Norwegian dairy farmers wearing slip-on shoes. The farmers were standing around the “loafing” area where cows were waiting to be milked, which is why in 1933 the Spaulding Leather Company of New Hampshire

Eastland Topsham Tassel Loafer, $95

Eastland Topsham Tassel Loafer, $95

trademarked its new line of men’s footwear as Loafers.

A Maine shoemaker named John Bass had seen the same article, but was slower to act on it than his neighbor. So when Bass introduced his version of the loafer in 1936, he called them Weejuns, which was slang for Norwegians. One of the characteristics of the Bass shoe was a diamond or lip-shaped notch in the decorative, supportive leather band than ran across the instep. Some say the design was supposed to represent the lips of John’s wife, Alice, kissing each pair on their way out the door. But teenagers who wore the shoes started putting a penny in the slot for good luck, and the penny loafer was born. Manufacturers known for their men’s loafers include Florsheim, Johnston Murphy, Bally, Clarks, Kenneth Cole, Gucci, Eastland and Cole Haan, among others. The Italian fashion house of Ferragamo also makes loafers, as does Red Wing, although Red Wing is more commonly associated with work boots than casual shoes. Because the shoes were made of leather and often had simple, understated embellishments on the vamp, loafers could also be worn to work. In particular, the tassel loafer, some with wing-tip designs over the toe, became popular with attorneys and white-collar professionals. And they still are.

Because they could be slipped on, loafers were equally as popular with students in casual, social settings. Considered the official footwear of the preppy lifestyle, the penny loafer has earned its place in history, along with the cotton chino, the oxford shirt (preferably white with button-down collar) and the navy blazer, as an American wardrobe essential that’s timeless, stylish and appropriate for any occasion. The penny loafer had its heyday in the late nineteen fifties and early sixties when the shoe became a pervasive trend on Ivy League campuses. With socks, without socks, sometimes even with white tube socks and shorts, the penny loafer became a centerpiece of the newly solidifying post-war “Ivy League Look”. And although they lost some of their popularity during the youthquake turbulent years of the late 1960’s and into the 1970’s, the penny loafer managed to stage resurgence during the go-go, Wall Street Boom years of the 1980s. I remember having to wear penny loafers as part of my uniform throughout my entire pre-college school years (in the 1980’s0 and I loved them. Even today, GQ, Details, and Esquire prominently features loafer styles throughout a majority of their photo-editorials in each month issue of their magazines. It’s just the perfect shoe.

That’s why loafers—with or without the penny—have become an indispensable part of any stylish warm-weather wardrobe. They are just as appropriate for a summer wedding (when worn with khaki pants and a navy blazer). They are for a weekend spent running errands, without socks, in a pair of cargo shorts. And they are ideal for the office. This versatility, coupled with time-honored craftsmanship, ensures that loafers–penny or not–will remain an icon of style for decades to come.

Since 1955, three generations of the Maine-based Eastland family have been crafting timelessly classic, casual leather eastland-genuine-handcrafted-quality-since-1955-nesw-85108873footwear of the finest workmanship, comfort and quality standards. Full-grain leathers, handcrafted detail, durable soles and exceptional comfort are built into every pair. Drawing from the state’s long-standing tradition of handsewn footwear, the Eastland brand is known for its Americana heritage-inspired style that reflects their Maine roots and long-standing traditional shoemaking principles. Their various footwear collections–including the premium Made in Maine USA and Eastland 1955 Edition Collections–offer styles for modern women and men who appreciate New England classic attitude, long-lasting quality and great value in their casual (and dress) footwear. Continue reading