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...Although the First Lady has sparked retail sales for her chosen brands, it's too early to anoint her a savior. "Michelle Obama hasn't done enough to significantly change the financial performance of J. Crew and Talbots," says Betty Chen, retail analyst at Wedbush Morgan Securities. J. Crew's same-store sales fell 13% in the fourth quarter of 2008. The company lost $13.5 million, compared with a $25 million profit in the fourth quarter of 2007. Talbots has updated its merchandise to fit its repositioning as a younger company. According to Chen, however, the company is too indebted...
...retailer owes more to the First Lady than J. Crew. In October, amid the Sarah Palin $150,000 wardrobe scandal, Obama wore a $340 J. Crew set on the Tonight Show. "Ladies, we know J. Crew," she said to the studio audience. J. Crew's Web traffic shot up 64% the next day, and the yellow blouse, cardigan and skirt she wore on the show sold out immediately. Later she wore a J. Crew camisole, cardigan and pencil skirt in the March 2009 issue of Vogue. A hefty wait-list immediately started for all three fall items...
...Then, in early April, she wore a $298 J. Crew cream hand-beaded cardigan, with a $158 "dazzling dots" pencil skirt, on a visit to a London cancer center with Sarah Brown, wife of British Prime Minister Gordon Brown. The photos shot around the globe. The cardigan sold out on J. Crew's website by 10 a.m. E.T. the same day. Two days later, it was selling for $600 on eBay. The wait-list for the cardigan at J. Crew exceeds 200. "I feel like I'm getting a present every day," says Jenna Lyons, creative director for J. Crew...
...federal bench. President Ronald Reagan already had more than 200 conservative judges confirmed when he nominated Sessions, then the young U.S. Attorney for the Southern District of Alabama, to the U.S. District Court in Alabama. At his confirmation hearing, Democrats tracked down a Justice Department employee named J. Gerald Hebert who had worked with Sessions on civil rights cases. Hebert told the committee that Sessions had once complained to him that the American Civil Liberties Union and the National Association for the Advancement of Colored People were "un-American," "communist-inspired" and, worse, that they "forced civil rights down...
While a deal has yet to be made, the FCL has expressed the desire to retain the top two floors of the building for their own use, according to Joshua J. Nuni ’10, a UC representative who consulted an architect...