Dolce & Gabbana Play with the Tuxedo for Womenswear at Milan Fashion

A model presents a creation from the Dolce & Gabbana Fall/Winter 2024 collection during Fashion Week in Milan, Italy, February 24, 2024. (Reuters)
A model presents a creation from the Dolce & Gabbana Fall/Winter 2024 collection during Fashion Week in Milan, Italy, February 24, 2024. (Reuters)
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Dolce & Gabbana Play with the Tuxedo for Womenswear at Milan Fashion

A model presents a creation from the Dolce & Gabbana Fall/Winter 2024 collection during Fashion Week in Milan, Italy, February 24, 2024. (Reuters)
A model presents a creation from the Dolce & Gabbana Fall/Winter 2024 collection during Fashion Week in Milan, Italy, February 24, 2024. (Reuters)

Dolce & Gabbana offered an array of looks inspired by the tuxedo at Milan Fashion Week on Saturday, where the Italian luxury label presented a mainly black womenswear collection for next fall.

The autumn/winter 2024 show, called "Tuxedo", opened with cropped jackets and tied skirts slit at the front, followed by outfits and coats inspired by the formal wear.

Models wore sashes with knee-length shorts or cigarette trousers, halternecks and waistcoats inspired by tuxedo jackets and embroidered lace dresses.

Designers Domenico Dolce and Stefano Gabbana put bows on black sheer blouses as well as shoes, sometimes sparkling.

The looks were mainly all in black, with dabs of leopard print, a few shimmering silver creations and a chiffon blouse and dress adorned in large gold polka dot prints.

Models, including Naomi Campbell, wore black hats with netted veils.

Earlier at Ferragamo, designer Maximilian Davis looked to the 1920s for inspiration, presenting dresses with dropped waistlines, feather embellishments or sequins.

Wool jackets and coats with broad shoulders were contrasted with organdie dresses and sheer skirts in the collection called "Spirit", and which featured autumnal hues, bright red, mustard and black. Footwear consisted of thigh-high boots, stilettos and shoes adorned with feathers.

"The 1920s used clothing as a way to celebrate freedom,” Davis said in show notes.

“And that expression of freedom is something which resonates with me, with my heritage, and with Ferragamo.”

Milan Fashion Week runs until Monday.



Abercrombie & Fitch Lifts Sales Forecast on Trendy Apparel Demand; Lofty Expectations Hit Shares

A hiring sign is displayed in front of Abercrombie & Fitch at the Tysons Corner Center mall on August 22, 2024 in Tysons, Virginia. (Getty Images via AFP)
A hiring sign is displayed in front of Abercrombie & Fitch at the Tysons Corner Center mall on August 22, 2024 in Tysons, Virginia. (Getty Images via AFP)
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Abercrombie & Fitch Lifts Sales Forecast on Trendy Apparel Demand; Lofty Expectations Hit Shares

A hiring sign is displayed in front of Abercrombie & Fitch at the Tysons Corner Center mall on August 22, 2024 in Tysons, Virginia. (Getty Images via AFP)
A hiring sign is displayed in front of Abercrombie & Fitch at the Tysons Corner Center mall on August 22, 2024 in Tysons, Virginia. (Getty Images via AFP)

Abercrombie & Fitch raised its annual sales target on Wednesday after reporting better-than-expected quarterly revenue, but shares of the company fell 14% as investors expected a bigger forecast bump from the high-flying retailer.

The stock has surged about 89% so far this year after nearly quadrupling in 2023.

"While the market may have been looking for a stronger guidance lift for the year, given momentum across the business, we see a beat and raise as impressive given a moderating top line outlook in response to a choppy macro environment across many of Abercrombie's specialty retail peers," said Dana Telsey, analyst at Telsey Advisory Group.

Abercrombie has been revamping its merchandise with new styles, featuring dressier apparel and cargo pants while tapping into growing demand for wide-legged jeans, helping it draw in fashion-savvy shoppers.

Retailers ranging from department store chains Macy's to home improvement chain Home Depot struck a cautious note and trimmed their annual sales forecasts, blaming weak discretionary demand. Strong results from Target and Walmart showed shoppers were looking for bargains amid budget constraints.

Sales at the Abercrombie brand jumped 26% in the quarter ended Aug. 3, while its Hollister division reported a 17% rise due to better-than-expected back-to-school selling.

The company now expects net sales to rise between 12% and 13% in fiscal 2024, compared with its prior forecast of around 10% growth.

Abercrombie CEO Fran Horowitz said the forecast raise came despite "an increasingly uncertain environment".

The company saw benefits from lower promotions and lower cotton costs, which helped it improve its gross profit rate by 240 basis points to 64.9%. However, it expects pressure from freight costs in the back half of the year.

In the second quarter, it reported profit of $2.50 per share, beating an estimate of $2.22, according to LSEG data.

Net sales rose 21% to $1.13 billion in the second quarter, compared with analysts' estimate of $1.10 billion.