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...Barack Obama's phenomenally poised, incredibly adorable daughters smiled and waved for the cameras at the Inauguration, J. Crew got a spot on the world's biggest showroom floor. The preppy, upscale retailer was quite happy to spread the word on Tuesday that Malia Obama, 10, and her sister Sasha, 7 (or Radiance and Rosebud in Secret Service parlance), were decked out in J. Crew's children's line, called Crewcuts, for the big event. Malia wore a deep periwinkle blue coat to her dad's swearing-in, while Sasha went for an orange-and-pink combo. Fashionistas raved about...
...fact, J. Crew scored a clothing coup throughout the Inaugural festivities. The girls also wore J. Crew coats to Sunday's star-studded "We Are One" concert, which was broadcast on HBO. The next night, at the Kids' Inaugural concert, where the Obama gals and military families rocked out to Miley Cyrus and the Jonas Brothers, Michelle donned an olive J. Crew cardigan over a blue J. Crew skirt and top. The First Lady also wore green J. Crew gloves to the Inauguration. The company says the pieces were designed specifically for the new First Family, though J. Crew...
What can Inaugural buzz do for J. Crew's bottom line? Compared with most retailers, the company has stayed strong since the economic downturn began. "J. Crew continues to be one of the few retailers offering differentiated and unique merchandise to customers," analyst Christine Chen wrote this month in a report for Needham and Co. CEO Mickey Drexler, ex-chief of the Gap, has jump-started the brand by revamping the quality of its merchandise. But the economic downturn has not left J. Crew unscathed - profits fell 6% through the first three quarters of fiscal 2008. "It's a huge...
...retailer Ikram Goldman, whose Chicago specialty store, Ikram, is a favorite shopping spot of the First Lady's. Goldman, who carries other Obama favorites like Thakoon and Narciso Rodriguez, is said to have helped Obama order her outfits from the designers. (Read "Can First Daughters Sasha and Malia Give J. Crew a Lift...
...billion corporate-accounting fraud at Satyam Computer Services, the scandal has been called India's Enron. There are many similarities: inflated assets, a disgraced but politically powerful chairman, an auditor under a cloud, even an attempted suicide. (Satyam's chief financial officer, Srinivas Vadlamani, was unsuccessful. Enron executive J. Clifford Baxter died.) There is one big difference. Enron imploded, and its employees were kicked to the curb. But Satyam's workers, who number about 50,000, may be spared sweeping layoffs...