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    <title>WWD Blog</title>
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    <id>tag:blog.wwd.com,2008-06-26:/wwd//1</id>
    <updated>2013-06-10T20:33:14Z</updated>
    
    <generator uri="http://www.sixapart.com/movabletype/">Movable Type Enterprise 4.32-en</generator>

<entry>
    <title>The Saks Quandary </title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/the_saks_quandary-13-06" />
    <id>tag:blog.wwd.com,2013:/wwd//1.6978723</id>

    <published>2013-06-10T18:59:22Z</published>
    <updated>2013-06-10T20:33:14Z</updated>

    <summary>The well-oiled Saks Inc. rumor mill has gone quiet. There was the initial flurry of stories after it became known the luxe department store company hired Goldman Sachs to explore its options and possibly a sale....</summary>
    <author>
        <name>Evan Clark- Deputy Editor, Business</name>
        
    </author>
    
        <category term="Business" scheme="http://www.sixapart.com/ns/types#category" />
    
        <category term="Retail" scheme="http://www.sixapart.com/ns/types#category" />
    
    <category term="saksfifthavenue" label="Saks Fifth Avenue" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[The well-oiled Saks Inc. rumor mill has gone quiet. <br /><br />
There was the initial flurry of stories after it became known the luxe department store company <a href="http://www.wwd.com/business-news/financial/saks-shares-rise-on-buyout-talk-6948377">hired Goldman Sachs to explore its options and possibly a sale</a>. <br /><br />
]]>
        <![CDATA[The most fantastic of the stories had private equity giant KKR buying the company and then wheeling and dealing with Neiman Marcus Inc.'s owners to combine the two companies. Qatar was also put forth as a possible buyer. <br /><br />
That's pretty much it.<br /><br />
Even if there is stuff going on behind the scenes, that really isn't a whole lot of intrigue given the chain's stature, its name recognition and how often it's been rumored to be on the market in the past. <br /><br />
Saks is a vital store to many designers, a key destination for well-heeled consumers and a cornerstone of the New York retail scene. It is important to the fashion industry any way you slice it. But the investment set still isn't quite sure what to do with the company. <br /><br />
It has focused its full-line stores and might close a few more; chief executive officer <a href="http://www.wwd.com/retail-news/department-stores/saks-considering-new-store-formats-6971730">Stephen I. Sadove has pushed for omnichannel integration</a> and the firm has tapped into the outlet market. <br /><br />
At the annual meeting last week, Sadove talked about the possibility of specialty stores under different Saks concepts. That might be an interesting avenue for the company, which needs to show how it can keep growth up if it wants to draw suitors. Department stores just aren't natural candidates for overseas expansion and developers aren't breaking ground on lots of new malls.<br /><br />
Saks might well find a buyer, or not, but either way stores that sell other people's brands just aren't in vogue. For better or worse, investors are looking for focus. They want a brand, maybe with some wholesale, but definitely with retail stores that can be marched out around the world. <br /><br />
Michael Kors Holdings Ltd. is the obvious and oft-used example of what investors are looking for today, with its market capitalization of $12.59 billion. But there are others.
<br /><br />Fifth &amp; Pacific Cos. Inc., where the focus is on Kate Spade, has a market cap of $2.62 billion. Many investors are hoping the company will sell off its Lucky Brand and Juicy Couture divisions to fuel Kate's continued expansion and ultimately push the value of the firm even higher.
<br /><br />The value of all of Saks' stock, even with the company's ample real estate and its sterling name and a boost from the Goldman news, is $2.15 billion.

]]>
    </content>
</entry>

<entry>
    <title>All About the Shoes and the Bag</title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/all_about_the_shoes_and_the_ba-13-05" />
    <id>tag:blog.wwd.com,2013:/wwd//1.6941081</id>

    <published>2013-05-20T05:01:00Z</published>
    <updated>2013-05-20T03:13:53Z</updated>

    <summary>Sometime in the early Aughts, when I was a wet-behind-the-ears WWD business reporter, a colleague replied to some silly thing I&apos;d said by looking aghast and asking, &quot;Don&apos;t you know? Fashion is all about the shoes and the bag.&quot; The...</summary>
    <author>
        <name>Evan Clark- Deputy Editor, Business</name>
        
    </author>
    
        <category term="Business" scheme="http://www.sixapart.com/ns/types#category" />
    
    <category term="creditsuisse" label="Credit Suisse" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="michaelkors" label="Michael Kors" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="toryburch" label="Tory Burch" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[<br />Sometime in the early Aughts, when I was a wet-behind-the-ears WWD 
business reporter, a colleague replied to some silly thing I'd said by 
looking aghast and asking, "Don't you know? Fashion is all about the 
shoes and the bag."<br />
<br />
The shoes and the bag.<br />
 <br />
I didn't know then how right she was, in both sartorial and business terms. <br /><br />]]>
        <![CDATA[The shoes and the bag might add dashes of wit, color and texture to an ensemble, but they're also great business -- fat profit margins, devoid of sizing issues and somewhat resilient to the whims of passing trends.<br /> <br />Michael Kors and Tory Burch are just two brands that have parlayed success in accessories into wider empires.<br /> <br />And now, the fall of apparel is being catalogued.<br /> <br />Credit Suisse analysts this week wrote a report, titled "The Decline of Fashion Apparel in the Mall," that quantifies the impact of the hot accessories market on everyone else.<br /> <br />From 2007 to 2012, mall-based apparel stores saw compounded annual sales growth of just 0.8 percent, while footwear, accessories and beauty sales grew 5 percent, Credit Suisse said. Over that time frame, apparel's share of the mall market fell to 58 percent from 60 percent, while fashion, accessories and beauty products jumped to 32 percent from 27 percent.<br /><br />Of course, there was the Great Recession in there, and it's easy and cheaper to update a wardrobe with a bag than a whole new look and so on. And eventually -- since I believe in the notion that what goes up must come down -- women will tire of having so many bags and look again with favor on apparel.<br /><br />But it might take a while, since success in marketing is a self-replicating affair. When something works, retailers do more of it. And then even more of it.<br /> <br />As Credit Suisse said: "Increasing capital investment in alternative categories continues, suggesting the next five years will see continued share shift away from fashion apparel."<br /><br />The analysts noted that stores are just starting to reset their footwear offerings, that accessories are taking floor space and that beauty goods are getting more attention.<br /> <br />All of this is going to lead to more and more and more. Until it leads to less and the next great fashion resurgence. But when will that come, and who will be around to take advantage of it?<br /><br />]]>
    </content>
</entry>

<entry>
    <title>Strong Words, Fashion Lets It Fly </title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/strong_words_fashion_lets_it_f-13-05" />
    <id>tag:blog.wwd.com,2013:/wwd//1.6919836</id>

    <published>2013-05-03T22:17:32Z</published>
    <updated>2013-05-03T22:35:21Z</updated>

    <summary>Every once in a great while the fashion industry hits a sleepy patch and a week passes when nobody says much of anything -- at least in a public forum that we can scrutinize....</summary>
    <author>
        <name>Evan Clark- Deputy Editor, Business</name>
        
    </author>
    
        <category term="Business" scheme="http://www.sixapart.com/ns/types#category" />
    
        <category term="Retail" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[Every once in a great while the fashion industry hits a sleepy patch and a week passes when nobody says much of anything -- at least in a public forum that we can scrutinize. <br /> ]]>
        <![CDATA[<br />This was not one of those weeks. Whether it was due to the seriousness of events, the onset of spring or something in the water, the fashion and retail crowd was ready and willing to speak their minds this week. Let's take a look at what was said. <br /><br /><ul><li>

"I'm troubled by the deafening silence from other apparel retailers on this." -- Galen Weston, executive chairman of Joe Fresh parent Loblaw Cos., on compensating victims of the Savar, Bangladesh, factory collapse.</li></ul><br />
Global supply chains are global, extremely complex and difficult to manage. It is possible for bad things to happen at factories that make goods for well-meaning brands. But just like some of the profits from factory workers' labors find their way back to the brands, so should some of the responsibility when something goes wrong. <br /><br /><ul><li>"We want to know what every product in the world is. We want to know who every person in the world is. And we want to have the ability to connect them together in a transaction." -- Neil Ashe, president and ceo of Wal-Mart Stores Inc.'s Global eCommerce unit</li></ul><br />
This is either a rhetorical flourish of hitherto untold proportions, a case of hubris or a sign that the $469.2 billion Wal-Mart is serious about continuing its growth curve. If the latter turns out to be the case, everyone else in retail better watch out.<br /><br /><ul><li>"We have rationalized [during] the last five years. That's good news for the operating companies around America. It's bad news for the unemployment rate. Those people that we laid off in 2008 and 2009, there's no need for us to hire back. We've gotten more efficient. We've gotten more productive." --Ronald Perelman, billionaire financier and chairman of Revlon Inc.</li></ul><br /><br>
OK, so that sounds kind of rough, but he's probably right. Capitalism is an unfortunately messy affair. Here's hoping that the tech start ups from Silicon Alley to Silicon Valley are successful enough to snap up the talent other companies are leaving behind.<br /><br /><ul><li>"I would characterize the high end of retailing as undergoing an enormous period of transformation. There's more change going on than most of us have seen in our careers, and a lot has to do with omnichannel." --Steve Sadove, ceo, Saks Inc.</li></ul><br />
After two years of being sure that omnichannel was an empty buzz word, I've finally figured it out. Omnichannel is to retailing what convergence was to tech gadgets. The cell phone became a camera, a video camera, a computer, a map and on and on. Now stores are doubling as warehouses for e-commerce sites. That size two woman looking for a yellow dress in Kansas can order online, the dress is pulled off the rack wherever it is and shipped. That's one more full-priced sale and a better profit margin via the magic of omnichannel.<br /><br />

Here's hoping next week is as interesting.]]>
    </content>
</entry>

<entry>
    <title>Judge Oing Knows But He Won&apos;t Say</title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/judge_oing_knows_but_he_wont_s-13-04" />
    <id>tag:blog.wwd.com,2013:/wwd//1.6909600</id>

    <published>2013-04-25T19:21:56Z</published>
    <updated>2013-04-25T19:27:00Z</updated>

    <summary> After two months listening to a small army of lawyers bicker back and forth over the sale of Martha Stewart-designed goods, it&apos;s safe to say that presiding Judge Jeffrey Oing has made up his mind on how he will...</summary>
    <author>
        <name>Alexandra Steigrad- Accessories News Editor / Legal Reporter</name>
        
    </author>
    
        <category term="Business" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[

After two months listening to a small army of lawyers bicker back and forth over the sale of Martha Stewart-designed goods, it's safe to say that presiding Judge Jeffrey Oing has made up his mind on how he will rule. <br /><br />
]]>
        <![CDATA[The thoughtful, yet sometimes ornery Oing has let it be known during the
 Macy's Inc. trial against Martha Stewart Living Omnimedia Inc. and J.C.
 Penney Co. Inc. that he's "heard enough." In fact, he's used that 
phrase more than a dozen times in the courtroom to quell the respective 
legal teams from further dragging out the trial with additional 
testimony from witnesses.  <br /><br />
As the case wound down Tuesday and the defendants brought in expert 
witnesses to testify about surveys they conducted, Oing seemed to be at 
the end of his rope.  <br /><br />
"I've had enough surveys to last me a lifetime," he said, in response to
 Macy's lawyer Theodore Grossman's plea to bring in its own expert to 
rebut the day's testimony.  <br /><br />
"No means no Mr. Grossman," an exasperated Oing said, as he explained 
that he had three boxes of files from discovery sitting at his feet and 
ample testimony on the record from the trial. More testimony wasn't 
warranted or welcomed.   <br /><br />
He scolded all three legal teams, telling them that even though they 
tried to frame the case as "complicated," the core issue was simple. <br /><br />
"This is a straightforward contract case," he said.  <br /><br />
This wasn't the first time Oing lost his cool during the trial. Often, 
the judge would stop the lawyers dead in their tracks during their 
examination to ask his own series of questions to the witnesses.  <br /><br />
The practice shaved off what would most likely amount to hours of 
needless testimony, and it seemed to only underscore the fact that Oing 
had a clear sense of what questions he needed answered to make his 
ruling.  <br /><br />
Now that the case has wrapped and closing arguments are the only thing 
keeping Oing from delivering a decision, I can't help but think that 
he's already begun drafting his opinion.]]>
    </content>
</entry>

<entry>
    <title>Girl Scouts: Geniuses of Scarcity  </title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/girl_scouts_geniuses_of_scarci-13-03" />
    <id>tag:blog.wwd.com,2013:/wwd//1.6869028</id>

    <published>2013-03-26T19:45:48Z</published>
    <updated>2013-03-26T23:12:21Z</updated>

    <summary>I am a complete and absolute sucker for Thin Mints....</summary>
    <author>
        <name>Evan Clark- Deputy Editor, Business</name>
        
    </author>
    
        <category term="Business" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[I am a complete and absolute sucker for Thin Mints.<br /> ]]>
        <![CDATA[<br />
It is a near-religious belief in my life that there is no finer way to get 25 percent of one's daily allotment of saturated fat than by eating four of the little marvels. <br /><br />
And although that is an immutable truth in my heart of hearts (and taste buds), my retail mind knows better. Intellectually, at least, I can acknowledge that my love of the Girl Scouts' Thin Mints is a product not of a magical bakery somewhere, but of ritual and the very successful marketing of scarcity.<br /><br />
On one level, the whole thing is totally insane. There are tons of really good cookies available all over the place and at fair prices. No other cookie brand demands that I know someone with a daughter in the Scouts, that I sign up for my purchase and then wait untold weeks until they appear on my desk one morning (as they did today).<br /><br />
Then again, there are no other cookies I look forward to for months. There are no other cookies I think about more than five minutes in advance.<br /><br />
Sometimes I wish Thin Mints were readily available in stores, but I know that would ruin them. I like the process, the sign-up, the anticipation and the knowledge that once I have my four boxes, that's all I'm likely to get for the year.<br /><br />
This is a trick that high-end handbag makers discovered years ago when wait lists made their wares all the more delectable. <br /><br />
I'm not looking for total reversal of the modern age. I like that so much is available all the time and at the press of a button, that I don't have to go hunting for the right kinds of T-shirts or pine away for jackets that I can't find in my size.<br /><br />
But I also love that some things -- even simple, little things -- just aren't available all the time. If brands and fashion companies and consumer products people could figure out a way to create more things that are less available, our lives would have just a tiny bit more special in them. And that would be a very good and delicious thing.]]>
    </content>
</entry>

<entry>
    <title>The Passionate Reader: March 19, 2013</title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/the_passionate_reader_march_19-13-03" />
    <id>tag:blog.wwd.com,2013:/wwd//1.6854841</id>

    <published>2013-03-19T20:28:00Z</published>
    <updated>2013-03-19T20:36:52Z</updated>

    <summary>Patricia Volk&apos;s new book, &quot;Shocked: My Mother, Schiaparelli and Me&quot; (Alfred A. Knopf), is a memoir about what she considers two of her biggest influences, her mother, Audrey Morgen Volk, and designer Elsa Schiaparelli, whose fragrance, Shocking de Schiaparelli, her...</summary>
    <author>
        <name>Lorna Koski</name>
        
    </author>
    
        <category term="Eye" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[Patricia Volk's new book, "Shocked: My Mother, Schiaparelli and Me" (Alfred A. Knopf), is a memoir about what she considers two of her biggest influences, her mother, Audrey Morgen Volk, and designer Elsa Schiaparelli, whose fragrance, Shocking de Schiaparelli, her mother wore. <br /><br /><br />]]>
        <![CDATA[<a href="http://blog.wwd.com/wwd/shocked.jpg"><img alt="shocked.jpg" src="http://blog.wwd.com/wwd/assets_c/2013/03/shocked-thumb-200x283-8963.jpg" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;" height="283" width="200" /></a>At 10, Volk read the designer's autobiography, "Shocking Life," and 
considered it what she calls a "transformative" experience. Volk weaves 
together stories about her mother (a great beauty who worked as a 
hostess at her husband's Garment District restaurant Morgen's West) and 
Schiaparelli. The designer was thought of as a belle laide, which 
translates literally as "pretty ugly" but means a woman who is striking,
 rather than beautiful. Elsa's older sister, Beatrice, was the beauty of
 the family, as was Volk's sister, Jo Ann. Volk's mother Audrey took her
 beauty very seriously and considered her face her fortune. The 
Surrealist-influenced Schiaparelli compensated for her 
less-than-classically-lovely appearance by becoming a designer whose 
extreme personal chic and original designs made her a style leader. 
There are many photographs in the book that depict Volk's family and 
Schiaparelli's friends and pivotal designs. Other belles laides 
mentioned in the book: Diana Vreeland and Wallis Warfield Simpson, who 
became the Duchess of Windsor. This is Volk's second memoir; she has 
also written "Stuffed: Adventures of a Restaurant Family," along with 
two short-story collections and a novel. The new book, of course, is 
encased in a jacket of shocking pink (Schiap's signature color).<br /><br />
<a href="http://blog.wwd.com/wwd/the-entertainer.jpg"><img alt="the-entertainer.jpg" src="http://blog.wwd.com/wwd/assets_c/2013/03/the-entertainer-thumb-200x302-8984.jpg" class="mt-image-right" style="float: right; margin: 0 0 20px 20px;" height="302" width="200" /></a>Margaret Talbot's touching, affectionate book "The Entertainer: Movies, 
Magic and My Father's 20th Century" (Riverhead Books) brings her father,
 actor Lyle Talbot, to life. She also gives us a history of 
entertainment in the 20th century, since his career spanned many of its 
forms: vaudeville, theater, movies and TV. He began as a magician's 
assistant and always felt that when things looked dicey, something would
 turn up. It did. When he got a telegram to go to Hollywood to test for 
the movies, for instance, the owner of his latest theater company had 
absconded, and he had only $5 in his pocket, so he had to ask the agent 
who had contacted him for funds to travel. Lyle made the transition from
 potential star to reliable character actor, and even in his personal 
life, which was characterized by short-lived marriages, something turned
 up. His much-younger, later-in-life bride, Margaret's mother Paula, 
whom she calls his "personal jar of sunlight," brought him happiness and
 a family he had wanted but thought that he would never have. Among his 
children was Margaret, a writer at The New Yorker and now his 
biographer.<br /><br />
<a href="http://blog.wwd.com/wwd/Beginning%2Bwith%2Bthe%2BEnd.jpg"><img alt="Beginning+with+the+End.jpg" src="http://blog.wwd.com/wwd/assets_c/2013/03/Beginning+with+the+End-thumb-200x300-8985.jpg" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;" height="300" width="200" /></a>Mary R. Morgan's book, "Beginning With the End: A Memoir of Twin Loss 
and Healing" (Vantage Point Books), tells a story that's familiar to 
many but not previously told from her point of view. The R. in Morgan's 
name stands for Rockefeller, and she's a therapist and the twin sister 
of Michael Rockefeller, who disappeared in November 1961 while on an 
ethnographic and art-collecting trip to visit the Asmat tribe in what 
was then Netherlands New Guinea. The boat in which he and Dutch 
anthropologist René Wassing were travelling at the time overturned; 
their local guides swam the river and went for help. Rockefeller got 
tired of waiting for aid to arrive and decided to swim for it, at a 
place about 12 miles from shore. Wassing stayed with the overturned boat
 in the river and was eventually rescued, but Rockefeller was never seen
 again and his body never found. This was worldwide news at the time. <br /><br />
<a href="http://blog.wwd.com/wwd/Beginning%2Bwith%2Bthe%2BEnd.jpg"></a>Michael was declared dead three years later. By then their father, 
Nelson Rockefeller, then the four-term (!) governor of New York, who had
 left the twins' mother -- also named Mary -- two months before Michael 
vanished, had married his second wife, Happy. But the book is really 
about Mary's extended recovery from the loss of her twin, and she makes a
 good case for the idea that it's more difficult to cope with such a 
loss than that of any other type of sibling. After 9/11, Morgan did 
grief counseling, specializing in twin loss; 46 twins died in the 
disaster.<br /><br />
<a href="http://blog.wwd.com/wwd/the-fun-parts.jpg"><img alt="the-fun-parts.jpg" src="http://blog.wwd.com/wwd/assets_c/2013/03/the-fun-parts-thumb-200x292-8987.jpg" class="mt-image-right" style="float: right; margin: 0 0 20px 20px;" height="292" width="200" /></a>Short stories have become more popular of late, possibly because they're
 bite-size and somewhat easier to read on handheld devices than longer 
forms of fiction and nonfiction. That said, Sam Lipsyte's short stories 
are in a class by themselves, with their mordant wit and unexpected 
twists, as those in his second and latest short-story collection, "The 
Fun Parts" (Farrar, Straus &amp; Giroux), illustrate. Lipsyte himself is
 a former performer in a noise band who has held onto his sense of black
 humor through the adult rites of passage that often seem to force 
attitude adjustments for others -- i.e., marrying and having children. He
 manages to retain his wicked, wasted point of view about everything, 
committing it to transactions that take place in relationships, 
friendships and marriages and even -- sacré bleu! -- parenthood.<br /><br />
<a href="http://blog.wwd.com/wwd/Indiscretion%2Bhc%2Bc.JPG"><img alt="Indiscretion+hc+c.JPG" src="http://blog.wwd.com/wwd/assets_c/2013/03/Indiscretion+hc+c-thumb-100x151-8966.jpg" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;" height="151" width="100" /></a>But there's still room for a good novel, such as Charles Dubow's 
"Indiscretion" (William Morrow/HarperCollins), which concerns a 
glamorous couple in their forties, noted writer Harry Winslow and his 
wife, Madeline, who are introduced to the charming young twentysomething
 Claire. They take her up, and she becomes the third person in their 
relationship when she falls in love with Harry. Of course, any golden 
couple in a modern novel must come to dust, and the plot here is no 
exception to that brass-bound rule. It's to Dubow's credit that the 
story plays out in a believable manner.<br /><br />
<a href="http://blog.wwd.com/wwd/inventor-tycoon.jpg"><img alt="inventor-tycoon.jpg" src="http://blog.wwd.com/wwd/assets_c/2013/03/inventor-tycoon-thumb-200x296-8988.jpg" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;" height="296" width="200" /></a>The jacket copy of Edward Ball's latest book, "The Inventor and the 
Tycoon: A Gilded Age Murder and the Birth of Moving Pictures" 
(Doubleday), describes its theme as the "true story of the partnership 
between the murderer who invented the movies and the robber baron who 
built the railroads." Ball also wrote "Slaves in the Family" (1998), 
which won the National Book Award. Eadweard Muybridge, a pioneering 
photographer, originally from England, who changed his name several 
times throughout his life, teamed up with railway magnate Leland 
Stanford, later the founder of Stanford University. The reason: The 
latter wanted to know the answer to the question of what happened to a 
horse's hooves when the equine galloped. Was there ever a period of time
 when all four hooves were off the ground? And if so, in which direction
 were the hooves facing at the time?<br /><br />
Stanford also helped pay for his defense when Muybridge unexpectedly 
learned that his wife Flora had been unfaithful to him with a San 
Francisco con artist, Harry Larkyns. The photographer tracked Larkyns 
down and shot him to death in front of witnesses, but when the case went
 to court, the verdict that came back was "justifiable homicide." Even 
in those freewheeling days, the letter of the law didn't really jibe 
with this verdict, but no jury would convict Muybridge after learning 
that his spouse had been in the habit of seeing another man while he was
 away on his standard long photography trips. Flora often went to the 
theater with Larkyns -- which Muybridge had told her not to do -- and was 
with him at the birth of her son, a child that was probably not his. <br /><br />
After his acquittal, Muybridge created many of the thousands of 
photographs for which he is known, among them the celebrated trotting 
horse sequence. At one point he got the University of Pennsylvania to 
back his photography for several years. He had complete freedom to 
choose his subjects, and many of his shots depicted models -- men, women 
and even himself -- in the nude. Not surprisingly, the university found 
this all a bit worrying. Their solution was to fire painter Thomas 
Eakins, who had been one of his principal backers.]]>
    </content>
</entry>

<entry>
    <title>Judge Oing&apos;s Battle Against Public Opinion in the Macy&apos;s Trial</title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/judge_oings_battle_against_pub-13-03" />
    <id>tag:blog.wwd.com,2013:/wwd//1.6838512</id>

    <published>2013-03-08T23:49:16Z</published>
    <updated>2013-03-08T23:50:15Z</updated>

    <summary>Three weeks of slogging down to 60 Centre Street to cover the Macy&apos;s versus Martha Stewart and J.C. Penney trial has got to make one think. It certainly has me thinking -- about the case, no doubt -- but also...</summary>
    <author>
        <name>Alexandra Steigrad- Accessories News Editor / Legal Reporter</name>
        
    </author>
    
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[Three weeks of slogging down to 60 Centre Street to cover the Macy's versus Martha Stewart and J.C. Penney trial has got to make one think. It certainly has me thinking -- about the case, no doubt -- but also about the fanfare I've witnessed both in the courtroom and outside of it.<div><br /></div>]]>
        <![CDATA[The media circus that came to town when Terry Lundgren, Ron Johnson and Martha Stewart showed up to testify closed up shop as quickly as it arrived on the scene once the trio of high-profile executives took their company cars back uptown.&nbsp;<div><br /></div><div>Television crews, photographers and reporters clamored to one-up each other (myself included), as newspapers and blogs published eye-grabbing headlines and usually very unflattering photos of the high-profile trio. Even Stewart herself got caught up in the frenzy when she pulled out her camera to take pictures of the mob of photographers surrounding her on the courthouse steps after her testimony Tuesday. The following day, Stewart appeared on the "Today" show, during which she said it was improper that Macy's chief executive Terry Lundgren hung up on "a woman, business person."&nbsp;</div><div><br /></div><div>But once the big names left, along with the cameras, I found myself sitting in Judge Jeffrey Oing's half-empty courtroom with just a handful of reporters and lawyers, feeling the energy that had been sucked out of the room and thinking about the influence that the spotlight would eventually have on the judge's final decision.&nbsp;</div><div><br /></div><div>In his comments Thursday, Oing addressed the media frenzy and the stories that followed, cautioning Macy's from believing it would win the case even though it was "prevailing on some proverbial battles," or arguments it had made during the trial. Citing press reports that seemed to lean toward Macy's, the judge essentially said that the court of public opinion is not where the case would be won -- it would be won in his courtroom.&nbsp;</div><div><br /></div><div>Having covered other big legal fashion cases -- Yves Saint Laurent vs. Christian Louboutin; Gucci vs. Guess; the child-support case of PPR chief François-Henri Pinault vs. his old flame, model Linda Evangelista, and Chris Burch's lawsuit against his ex-wife Tory Burch -- I'm not so sure anyone, judge or not, is completely immune to all the hoopla.&nbsp;</div><div><br /></div><div>&nbsp;Let's hope Judge Oing proves me wrong.</div>]]>
    </content>
</entry>

<entry>
    <title>The Big-Time Buyout Rumor Is Back</title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/the_big-time_buyout_rumor_is_b-13-03" />
    <id>tag:blog.wwd.com,2013:/wwd//1.6838402</id>

    <published>2013-03-08T22:30:41Z</published>
    <updated>2013-03-08T22:32:37Z</updated>

    <summary>Investors are ready to believe again -- if only for a moment -- in the big-time buyout rumor....</summary>
    <author>
        <name>Evan Clark- Deputy Editor, Business</name>
        
    </author>
    
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[Investors are ready to believe again -- if only for a moment -- in the big-time buyout rumor.<div><br /></div>]]>
        <![CDATA[The scene is set, perhaps not as perfectly as it was in the heyday of 2005 but as well is it probably could be today. Stocks are strong. Wall Street is at its all-time high. There have been a number of big deals, including Warren Buffett's $23 billion deal with 3G Capital to buy H.J. Heinz.&nbsp;<div><br /></div><div>And, importantly, it's relatively easy right now for big players to borrow tons of money on the cheap. (Never mind that that's so because the economy is still very weak and the Federal Reserve is worried higher interest rates could hobble or cripple the delicate recovery. People are ready to believe.)&nbsp;</div><div><br /></div><div>There's big money both in big-time deals and big-time rumors -- especially if you happen to start the rumor, which is sleazy if you know it's not true.&nbsp;</div><div><br /></div><div>For whatever reason, it's a trend that's found its way to fashion.&nbsp;</div><div><br /></div><div>Bloomberg recently reported that LVMH Moët Hennessy Louis Vuitton was "poised to pursue a takeover," with analysts suggesting the luxe giant could go after Burberry Group or Tiffany &amp; Co.&nbsp;</div><div><br /></div><div>And Coach Inc. was said to consider selling itself, according to reports citing DealReporter. That rumor was enough to push shares of the company up 5.4 percent and to illicit one of the best comments hidden in a noncomment in years: A Coach spokeswoman said, "We do not comment on speculation or rumors, particularly unsubstantiated ones."&nbsp;</div><div><br /></div><div>Gap Inc. caused some hearts to pause this week when trading in its stock was halted, pending news. Oftentimes that means a new owner, a new ceo or something similarly dramatic. When I heard Gap stock had been halted, I had a sinking feeling: Was that rumor that Fast Retailing was looking at the company real after all?&nbsp;</div><div><br /></div><div>No, it wasn't, or at least it probably wasn't. A vendor let Gap's February sales results slip early, and trading was stopped until the company could issue an official release.&nbsp;</div><div><br /></div><div>People like the big rumors, if only because it's an opportunity to pick apart prominent companies and wonder aloud, What would this company look like under the control of this billionaire or that billionaire? What could Bernard Arnault do with this brand?&nbsp;</div><div><br /></div><div>&nbsp;Most of the chitter-chatter surrounding big brands is idle or hopeful speculation, but it sure is fun. </div>]]>
    </content>
</entry>

<entry>
    <title>Companies Need to Talk Like People</title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/companies_need_to_talk_like_pe-13-02" />
    <id>tag:blog.wwd.com,2013:/wwd//1.6735633</id>

    <published>2013-02-11T20:32:10Z</published>
    <updated>2013-02-11T20:38:13Z</updated>

    <summary>I was waiting at a restaurant recently and following the up-to-the-second fashion week news on Twitter when my incoming tweets slowed to a crawl and then stopped....</summary>
    <author>
        <name>Evan Clark- Deputy Editor, Business</name>
        
    </author>
    
        <category term="Business" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[I was waiting at a restaurant recently and following the up-to-the-second fashion week news on Twitter when my incoming tweets slowed to a crawl and then stopped.<br /> <br>]]>
        <![CDATA[My phone -- maybe my TweetDeck app -- did something totally unexpected. Not only did it tell me that I'd lost my network connection, but the machine empathized. Specifically, the button you had to hit to dismiss the message about the network outage said, "That sucks."<br /><br />
What?<br /><br />
I double-checked, but no, that's what it said. <br /><br />
Yes, I had become unplugged and it at least kind of sucked, or messed up my rhythm. But what really threw me was that this device or whoever programed it -- someone at the other end of an incredibly long string of ones and zeros -- was trying to talk to me as a person would.<br /><br />
That's kind of cool, right?<br /><br />
It's not entirely new, of course, but it is part of a larger movement away from corporate speak and nonsensical jargon.<br /><br />
That shift can't happen soon enough, and of course, the tech world is leading the way or seems to be. But why should that be the case?<br /><br />
It's an important trend for retailers and fashion brands because consumers are learning they can communicate with companies and brands on their own terms.<br /><br />
People are tweeting to brands or engaging them on Facebook, and corporations are learning they have to answer back, and in terms that are understandable. <br /><br />
Still, on many levels consumer companies are waiting for the consumers to come around to their way of talking.<br /><br />
I went to a marketing conference years ago where one of the speakers railed against BOGO -- or the retail practice of advertising a BOGO sale without explaining that it meant "buy one, get one." And they were right; people shouldn't have to learn that BOGO means buy one, get one. But it happens all the time.<br /><br />
On my way back from lunch, with my phone there in my hand so ready to understand me, or try, or pretend to, I saw a shoe store offering a BOGO sale. <br /><br />
And I thought, "That sucks."]]>
    </content>
</entry>

<entry>
    <title>Retailers Are Losing the Consumer&apos;s Time</title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/retailers_are_losing_the_consu-13-02" />
    <id>tag:blog.wwd.com,2013:/wwd//1.6686920</id>

    <published>2013-02-01T20:23:34Z</published>
    <updated>2013-02-11T16:19:41Z</updated>

    <summary>Brands spend millions trying to win consumer&apos;s hearts, minds and pocket books, but they&apos;re losing the battle for their time -- her time in particular....</summary>
    <author>
        <name>Evan Clark- Deputy Editor, Business</name>
        
    </author>
    
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[Brands spend millions trying to win consumer's hearts, minds and pocket books, but they're losing the battle for their time -- her time in particular.

<div><br /></div>]]>
        <![CDATA[In 2011, Americans spent 28.8 minutes shopping per day on weekends and holidays, both in stores and online. That's a drop of 12.7 percent from the 33 minutes spent buying stuff during their off days in 2006, according to a new analysis of the Labor Department's American Time Use Survey by IHS Global Insight economists Chris Christopher and Leslie Levesque.&nbsp;<div><br /></div><div>Women are the biggest part of this retreat from shopping, having trimmed their weekend and holiday shopping to 31.9 minutes per day, down from almost 41 minutes, a decline of about 22.2 percent.&nbsp;</div><div><br /></div><div>Although it has become quicker to shop, thanks in part to the Web, Christopher and Levesque said the "overwhelming forces changing shopping behavior are economic -- income, job prospects, creditworthiness, wealth and consumer mood."&nbsp;</div><div><br /></div><div>The economic duo said there was anecdotal evidence that holiday shoppers are goal-oriented "hit-and-run" consumers who want to get in and get out of stores.&nbsp;</div><div><br /></div><div>"Time spent browsing is vanishing," they said.&nbsp;</div><div><br /></div><div>Christopher and Levesque expect the trend to reverse itself as the job market and wages improve.&nbsp;</div><div><br /></div><div>But retailers don't have to wait for the economy.&nbsp;</div><div><br /></div><div>Retailers have been talking about "retailtainment" or "experiential retailing" for years now, but there are still so many stores that offer so few real reasons to be there. And that's kind of surprising given how clear it is that retailers need to offer more if they want people to come into the stores, spend time and ultimately buy.&nbsp;</div><div><br /></div><div>I think of this as I wander out of our Midtown offices and past the packed library -- an institution hit by the Internet if there ever was one -- and on to often sleepy stores.&nbsp;</div><div><br /></div><div>People so often need somewhere to be, to hang out. Urban Outfitters is good at this, offering places to see and be seen and cool knickknacks to browse if you're looking for a bigger purchase.&nbsp;</div><div><br /></div><div>National Public Radio recently profiled a cafe chain with nine outposts, seven in Russia and two in the Ukraine.&nbsp;</div><div><br /></div><div>At Tsiferblat, which translates into Clockface Café, the coffee, tea and cookies are free, but you pay to be there -- slightly less than $4 an hour. People bring their own food, use the space for parties and lectures and to hang out.&nbsp;</div><div><br /></div><div>That's so contrary to the normal way of thinking and so smart and, just perhaps, a glimpse of the future now.</div>]]>
    </content>
</entry>

<entry>
    <title>A New Course for J.C. Penney?</title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/a_new_course_for_jc_penney-13-01" />
    <id>tag:blog.wwd.com,2013:/wwd//1.6667680</id>

    <published>2013-01-28T19:23:53Z</published>
    <updated>2013-01-28T19:25:59Z</updated>

    <summary> Just before William Ackman squared off with Carl Icahn on CNBC last week -- in which the two activist investors engaged in a surprisingly personal round of verbal fisticuffs, ostensibly over direct merchant Herbalife -- Ackman hinted at things...</summary>
    <author>
        <name>Evan Clark- Deputy Editor, Business</name>
        
    </author>
    
        <category term="Business" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[
Just before William Ackman squared off with Carl Icahn on CNBC last week -- in which the two activist investors engaged in a surprisingly personal round of verbal fisticuffs, ostensibly over direct merchant Herbalife -- Ackman hinted at things to come at one of his biggest investments, J.C. Penney Co. Inc.<br /><br />
]]>
        <![CDATA[First, he talked some about how his chosen chief executive officer, Ron Johnson, was attempting a transformation like no other over such a short period of time. Johnson, of course, is trying to remake one of the biggest old-line department stores into what he calls a specialty department store, a series of shops-in-shop.<br /><br />
"The vision appears to be working," Ackman said. "The problem with the vision is it's a small percentage of the store."<br /><br />
So sales at the shops-in-shop, which make up 10 or 11 percent of the chain, are promising. But the rest of the store is suffering, and overall comparable-store sales were down 22.3 percent over the first nine months of the Penney's transformation. And even with $900 million taken out of the retailer's cost base, it appears to many observers that the company will have trouble paying to switch the rest of its square footage over to shop-in-shops in the coming years.<br /><br />
"No company survives down 25 percent comps over three years," said Ackman, who controls about a quarter of Penney's stock and sits on its board. "Ron will work to solve the problem. I would not project the future based on the last 12 months. As some people have noticed, the company started to bring back sales....From the public information -- I'm not going to give you the future -- but it looks like [Penney's is headed toward] a balance between everyday low pricing and sales and other ways to drive traffic."<br /><br />
So after a year of transformation that would be a new, new J.C. Penney and, quite possibly, Johnson's last chance to truly reinvent the world of department store retailing. 
If this were an epic adventure story, this would be the all-or-nothing moment, the perilous turn when the whole venture hangs by a thread with danger everywhere.<br /><br />
Some seem to think the greatest threat is that the whole effort will run out of money, that Penney's will have to tap into its credit line. I'm betting they could and would sell off some stores or something to keep the transformation alive, if they choose to stick with it.<br /><br />
I wonder more about this balancing act between everyday low pricing and sales. If the sales drive traffic, it will be the promotion-oriented shopper who will come. Will there be enough in the store to bring that shopper back when there's not a sale?]]>
    </content>
</entry>

<entry>
    <title>Goodbye to Managers and Saint Midnight?</title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/goodbye_to_managers_and_saint-13-01" />
    <id>tag:blog.wwd.com,2013:/wwd//1.6604995</id>

    <published>2013-01-14T15:51:02Z</published>
    <updated>2013-01-14T15:54:06Z</updated>

    <summary>There was a subtly delicious moment at the WWD CEO Summit this week when business professor Gary Hamel told a room full of high-powered managers that, in the future, managers wouldn&apos;t be needed....</summary>
    <author>
        <name>Evan Clark- Deputy Editor, Business</name>
        
    </author>
    
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[There was a subtly delicious moment at the WWD CEO Summit this week when business professor Gary Hamel told a room full of high-powered managers that, in the future, managers wouldn't be needed.
<div><br /></div><div><br /></div>]]>
        <![CDATA[Alas, I was the only peon in the room to appreciate it.&nbsp;<div><br /></div><div>Hamel said business needed to evolve, to grow into something that had more of the structure of the Web, where employees would have more freedom and perhaps the option to choose their own bosses, set corporate strategy and sign off on their own capital expenditures.&nbsp;
</div><div><br /></div><div>"We've been kicking bureaucracy in the shins, but we haven't delivered a knockout blow yet," Hamel said. "We have to put a stake through the heart of bureaucracy."&nbsp;</div><div><br /></div><div>Amen, I thought. But then again, who could really love bureaucracy? It's such an easy thing to hate, for both line employees and managers.&nbsp;</div><div><br /></div><div>Hamel had lots of examples of companies that were making the changes he described, but it all seemed so, foreign, so far into the future, almost business management sci-fi.&nbsp;</div><div><br /></div><div>Choosing your own boss? Becoming a boss simply by convincing your peers to go along with one of your projects?&nbsp;</div><div><br /></div><div>How could such a change ever really come to pass? It's such a big jump.&nbsp;</div><div><br /></div><div>The question conjured up for me the thought of something I learned in a college history class once: Saint Monday.&nbsp;</div><div><br /></div><div>Monday kind of sort of used to be part of the weekend. At the dawn of the industrial revolution, people had all sorts of trouble adjusting to the structured life of the factory. They were used to substance farming or the natural rhythms of their prior lives and tended to work when they needed to.&nbsp;</div><div><br /></div><div>So when they got paid on Friday, they didn't show up on Monday because they hadn't run out of money yet. The day after Sunday was a day of rest, Saint Monday.&nbsp;</div><div><br /></div><div>Factory owners had to struggle to establish the workweek.&nbsp;</div><div><br /></div><div>There, I thought, is a pretty dramatic shift in how people worked and thought out their lives. 
Could changes like this really be happening now?&nbsp;</div><div><br /></div><div>Hmm, I wondered as I checked my e-mail at midnight, just before going to bed. When did I start to feel it was somehow wrong to go to bed without being up to the second on work?&nbsp;</div><div><br /></div><div>You know, maybe these types of managerial changes aren't so far-fetched, maybe they're just hard to envision through all of the other changes.</div>]]>
    </content>
</entry>

<entry>
    <title>A Clean Slate, but the Same Story?</title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/a_clean_slate_but_the_same_sto-13-01" />
    <id>tag:blog.wwd.com,2013:/wwd//1.6568680</id>

    <published>2013-01-07T05:01:01Z</published>
    <updated>2013-01-07T17:23:03Z</updated>

    <summary>The New Year arrives with a relatively clean slate for fashion.The Burches have buried the hatchet, fresh faces are in place and finding their footing at Saint Laurent and Christian Dior and changes to the U.S. tax code helped push...</summary>
    <author>
        <name>Evan Clark- Deputy Editor, Business</name>
        
    </author>
    
        <category term="Business" scheme="http://www.sixapart.com/ns/types#category" />
    
    <category term="2013" label="2013" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="economy" label="economy" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="outlook" label="outlook" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[The New Year arrives with a relatively clean slate for fashion.<br /><br /><a href="http://www.wwd.com/business-news/legal/battle-of-the-burches-over-6557982">The Burches have buried the hatchet</a>, fresh faces are in place and finding their footing at <a href="http://www.wwd.com/fashion-news/fashion-scoops/finally-done-6556656">Saint Laurent and Christian Dior</a> and changes to the U.S. tax code helped push through a number of deals that had been lingering.<br /><br />]]>
        <![CDATA[BDT Capital Partners and General Atlantic bought a stake in Tory Burch, 
Irving Place Capital i<a href="http://www.wwd.com/business-news/mergers-acquisitions/irving-place-takes-interest-in-rag-bone-6558362">nvested in Rag &amp; Bone</a>, Fast Retailing Co. 
<a href="http://www.wwd.com/business-news/mergers-acquisitions/fast-retailing-to-buy-majority-stake-in-jbrand-6513372">acquired J Brand</a>, Gap Inc. <a href="http://www.wwd.com/business-news/mergers-acquisitions/gap-acquires-intermix-for-130-million-6561784">scooped up Intermix</a>, TJX Cos. Inc. <a href="http://www.wwd.com/business-news/mergers-acquisitions/tjx-acquires-sierra-trading-post-6553060">took on 
Sierra Trading Post</a> to ready its e-commerce business, Diesel chief Renzo
 Rosso <a href="http://www.wwd.com/fashion-news/designer-luxury/renzo-rosso-talks-growth-strategies-6551826">took a majority stake in Marni</a> and on and on.<br />
<br />
And even though the pressure continues to bear down on J.C. Penney Co. 
Inc.'s Ron Johnson, there might be some light at the end of the tunnel. 
Penney's has just about completed a year under its new layout. At the 
very least, year-ago comparisons will begin to get a lot easier.<br />
<br />
It looks like there'll be a holiday hangover since so many chains cut 
prices to clear goods, but even that shouldn't be too bad. Retailers 
have gotten good at doing more with less since the recession and are 
generally working with leaner inventories.<br />
<br />
So what to think about 2013?<br />
<br />
All of the same stuff is going to be important. The Web will continue to
 take market share, outlets will continue to outperform, strong 
retailers will get stronger and young brands will pedal furiously as 
they dream of hitting it big like Michael Kors.<br />
<br />
The problem with 2013 is that it might be a rerun of 2012 and just be kind of blah.<br />
<br />
The economy really isn't moving ahead, and there are plenty of things -- 
budget talks in Washington, the recession in Europe, the slowdown in 
China -- that could trip it up.<br /><br />
Retail is about hope, though, and spring is right around the corner.<br />
<br />
The last two years we've seen big bumps in spring sales. And the first 
quarter last year was a blowout for retail stocks, enough to basically 
keep the sector ahead for the rest of the year.<br />
<br />
I wouldn't be surprised if that sales bump came again as the weather 
grows warmer. It looks like it was a pretty lousy Christmas, so people 
might want to live a little.<br />
<br />
The question is, if a spring bounce comes this year, will consumers and 
retailers be able to hold onto the momentum, or will it peter away into 
another crisis somewhere in the world? <br /><br />]]>
    </content>
</entry>

<entry>
    <title>Tumbling Over the Cliff</title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/tumbling_over_the_cliff-12-12" />
    <id>tag:blog.wwd.com,2012:/wwd//1.6547878</id>

    <published>2012-12-18T19:50:44Z</published>
    <updated>2012-12-18T19:54:36Z</updated>

    <summary>The fiscal cliff is kind of a sham, and everyone should be tired and ashamed of it....</summary>
    <author>
        <name>Evan Clark- Deputy Editor, Business</name>
        
    </author>
    
    
    <content type="html" xml:lang="en-US" xml:base="http://blog.wwd.com/wwd/">
        <![CDATA[The fiscal cliff is kind of a sham, and everyone should be tired and ashamed of it.<div><br /></div>]]>
        <![CDATA[Don't get me wrong. It's definitely a real problem. There are automatic tax increases and cuts to government spending that will kick in next year. And if something's not done, there are good reasons to fear the U.S. will sink back into recession.&nbsp;<div><br /></div><div>I welcome the recent hints that the White House and Congress are moving talks ahead.&nbsp;</div><div><br /></div><div>But let's not forget that this is a problem of Washington's making -- as well as the voting public -- and we can't let ourselves off the hook too quickly.&nbsp;</div><div><br /></div><div>Let's recall how we got to this specific impasse.&nbsp;</div><div><br /></div><div>Last summer, when the federal government was about to run out of money, Congress put its foot down and said it wouldn't raise the debt ceiling. They were always going to raise the debt ceiling, but they felt the need to put their foot down. (If you'll recall, Standard &amp; Poor's caused a big hubbub by cutting the U.S. credit rating, in part because of the "prolonged controversy" over the debt ceiling.)&nbsp;</div><div><br /></div><div>The ultimate deal to raise the debt ceiling was a kick-the-can-down-the-road solution. There was as catch, though. If lawmakers didn't find a way to get the budget in order, a set of draconian budget measures would fall into place on their own. Those measures are what Federal Reserve Chairman Ben S. Bernanke dubbed the fiscal cliff.&nbsp;</div><div><br /></div><div>As the economy's barreled toward the cliff, Washington has been waiting for popular pressure to build, hoping to score points with their political base as the other side blinks first. Meanwhile, headlines about how much taxes might go up are sinking in just as consumers gear up for their last-minute holiday shopping.&nbsp;</div><div><br /></div><div>The whole thing is a mess. It's not making anybody look good, and it's simply not necessary.</div><div><br /></div><div>There are serious questions about how much we spend, and on what, and on where we get the money. The deficit needs to be cut, and the U.S. needs to get its spending and fiscal house in order. But the U.S. is also a rich country -- one that has both big needs but also lots of resources -- and its representatives should be able to figure out some sustainable path forward. And they should be able to do it without threatening to drive the economy over a cliff.&nbsp;</div><div><br /></div><div>Already, we've fallen down into a chasm of political nonsense. </div>]]>
    </content>
</entry>

<entry>
    <title>Rise of the Omni Sapiens</title>
    <link rel="alternate" type="text/html" href="http://wwd2.wwd.com/fashion-blogs/rise_of_the_omni_sapiens-12-11" />
    <id>tag:blog.wwd.com,2012:/wwd//1.6513965</id>

    <published>2012-11-30T16:59:20Z</published>
    <updated>2012-11-30T17:03:07Z</updated>

    <summary>I have been fostering in my heart of hearts a hatred for all things omni ever since people started using the term to refer to some magical combination of consumption that connects the Web with brick-and-mortar stores....</summary>
    <author>
        <name>Evan Clark- Deputy Editor, Business</name>
        
    </author>
    
    
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        <![CDATA[I have been fostering in my heart of hearts a hatred for all things omni ever since people started using the term to refer to some magical combination of consumption that connects the Web with brick-and-mortar stores.<div><br /></div>]]>
        <![CDATA[There's just never been an explanation of omnichannel that made sense to me, that said something other than, "We've got a Web site and stores so come buy from us, wherever, please."&nbsp;<div><br /></div><div>I always assumed that setting an omnichannel strategy was just a fancy way of trying to convince Wall Street that you're really not a mature, staid and slowly growing retail business, but a hot, young Web player that's infusing your bricks with the electricity of the high-growth 'Net.&nbsp;</div><div><br /></div><div>And although high-paid consultants and even higher paid ceo's over the course of these last two years were unable to convince me that omni anything was, well, anything, my pre-school son has changed my mind -- just a little.&nbsp;</div><div><br /></div><div>When I'm not loving and supporting him, I'm performing subtle consumer experiments as his brain and interest in material stuff -- especially superhero-oriented stuff -- increases.&nbsp;</div><div><br /></div><div>So the other day when I said he could get a new toy, he perked up.&nbsp;</div><div><br /></div><div>&nbsp;"We look on mommy's computer?"&nbsp;</div><div><br /></div><div>"Sure," I said. "Or do you want to go to the store?"&nbsp;</div><div><br /></div><div>"Yeah, I want to go to the place."&nbsp;</div><div><br /></div><div>"OK."&nbsp;</div><div><br /></div><div>And then, after a short pause, he said, "Now we look at mommy's computer?"&nbsp;</div><div><br /></div><div>I tried to get him to decide, but couldn't. Did he want to shop online or did he want to go to the store? The answer was very definitely both. He wanted to look at his options on the computer or phone and go to the store. (He actually wanted to dive into the Web for hours and obsess over what he might get, but we don't let him do that.)&nbsp;</div><div><br /></div><div>He is an omni sapien.&nbsp;</div><div><br /></div><div>He has probably never in his life been more than a couple hundred yards away from some Web-enabled device and even then only for brief instances. Older kids and young adults today have also grown up with the Internet all over, but the little ones now are truly and completely getting programed to think about buying online.&nbsp;</div><div><br /></div><div>And although I still don't see tons of evidence that being "omni" is different than having both a store and a Web site, there are good reasons to think deep thoughts about how new generations of consumers will shop, what they'll want and what they won't put up with.&nbsp;</div><div><br /></div><div>The shoppers of the future will have the same basic desires, but a whole different outlook.&nbsp;</div><div><br /></div><div>If talking about retail a little differently and coming up with a label actually leads to or is a sign of a new kind of thinking that will better prepare the industry not for just the next year, but the next decade, that's a very good thing.</div>]]>
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