Maria Grazia Chiuri Draws on Origins of Dior’s Ready-to-Wear Line for Show

 A model presents a creation by Christian Dior for the Women Ready-to-wear Fall-Winter 2024/2025 collection as part of the Paris Fashion Week, in Paris on February 27, 2024. (AFP)
A model presents a creation by Christian Dior for the Women Ready-to-wear Fall-Winter 2024/2025 collection as part of the Paris Fashion Week, in Paris on February 27, 2024. (AFP)
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Maria Grazia Chiuri Draws on Origins of Dior’s Ready-to-Wear Line for Show

 A model presents a creation by Christian Dior for the Women Ready-to-wear Fall-Winter 2024/2025 collection as part of the Paris Fashion Week, in Paris on February 27, 2024. (AFP)
A model presents a creation by Christian Dior for the Women Ready-to-wear Fall-Winter 2024/2025 collection as part of the Paris Fashion Week, in Paris on February 27, 2024. (AFP)

For her fall-winter collection, Dior designer Maria Grazia Chiuri turned to the roots of the upscale fashion label's ready-to-wear line, drawing on the spirit of the late 60s with feminine, tailored looks sent down the runway on Tuesday.

Models marched around a room lined with thick bamboo canes, parading neatly belted trench coats, flared miniskirts, long mesh dresses sparkling with beadwork and trim jackets. Handbags came in all shapes and sizes, as did the shoes, which included tall riding boots, scrunched at the top.

The challenge for Dior, when its late designer Marc Bohan branched out from intricately-crafted haute couture styles into ready-to-wear designs, was to create a new silhouette, easier for women to slip on as they ventured into the work force, Chiuri told Reuters before the show.

"I think that Mr. Bohan understood very well this new generation," said Chiuri.

"At the time it was very unusual for a couture house to move into new territory," she added, also noting Bohan's foray into homewear designed by Italian artist Gabriella Crespi.

Graphics from the era, introducing the new line dubbed "Miss Dior", appeared on the clothing as starkly outlined paintstrokes on khaki-colored coats and split skirts.

Dominating the center of the space were elaborate armor-like sculptures made of cane, works by Indian artist Shakuntala Kulkarni evoking rounded, female shapes, their rigidity contrasting with the slightly loosened, polished looks shown on the catwalk.

Paris Fashion Week runs through March 5, with upcoming shows from Chanel, Hermes, Kering-owned Saint Laurent and Balenciaga and LVMH's Louis Vuitton.



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.