Siriano Marks 15 Years in Business with Sia Singing and a Sparkling Ballet Fantasy

The Christian Siriano collection is modeled during Fashion Week, Friday, Sept. 8, 2023, in New York. (AP)
The Christian Siriano collection is modeled during Fashion Week, Friday, Sept. 8, 2023, in New York. (AP)
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Siriano Marks 15 Years in Business with Sia Singing and a Sparkling Ballet Fantasy

The Christian Siriano collection is modeled during Fashion Week, Friday, Sept. 8, 2023, in New York. (AP)
The Christian Siriano collection is modeled during Fashion Week, Friday, Sept. 8, 2023, in New York. (AP)

Christian Siriano marked 15 years in business Friday with Sia performing on his runway and a nostalgic, ballet-inspired fantasy on his models during New York Fashion Week.

“I feel really proud of everything we’ve done,” he told The Associated Press backstage. “All the amazing people we’ve dressed and helped feel confident about themselves.”

It wouldn’t be a Siriano milestone without longtime muse Coco Rocha sashaying down the runway in something dramatic. This time, it was at a luxury New York landmark hotel, The Pierre, and this time, she wore a frothy pink ballet gown adorned with multicolored paillettes as her hair swung freely and Sia peeked out from behind a huge white wig topped with a pink bow.

And it wouldn’t be a Siriano show without a starry front row. Janet Jackson, Quinta Brunson, Kesha, Rosie Perez, Laura Linney and Avril Lavigne were among his guests.

In a way, Siriano went back to his roots. Among his earliest inspirations was his sister, who was a ballet dancer. He rolled out leotard- and tutu-inspired touches and a dose of strong black to go with a range of sparklers, from gold-and-copper ombre in ballgowns and suits to huge champagne-colored sleeves and necks on sleek and mini party frocks.

“It’s a very ballet, ballerina-inspired collection, kind of like where I grew up,” Siriano said. “Me and my sister backstage in costumes, hair and makeup, seeing all the black warm ups and then into this sugar plum fairy dream world. That’s what I wanted to show, the restrictive dark side of ballet into the really magical fantasy world, which is kind of what I fell in love with in clothes, actually.”

He also wanted something for everyone, including his plus-size customers represented by the plus-size models he has embraced for years.

“I still love the fantasy,” Siriano said, “which I think is why I love doing a show. Maybe I wouldn’t do a show if it wasn’t exciting and fantasy for me. It’s a lot of money to just put some jeans and a T-shirt down the runway.”



Uniqlo Owner Seen Posting 24% Annual Profit Surge on Brand’s Overseas Push

Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)
Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)
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Uniqlo Owner Seen Posting 24% Annual Profit Surge on Brand’s Overseas Push

Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)
Fast Retailing's Uniqlo sign boards are displayed at a casual clothing store in Tokyo, Japan January 11, 2023. (Reuters)

The Japanese owner of casual wear giant Uniqlo is projected to beat its own forecast in what would be a third straight year of record profits as its brand makes inroads in western markets and its business in China recovers.

Fast Retailing's operating profit in the 12 months through August likely rose 24% from a year earlier to 478.3 billion yen, based on the average of 15 analyst estimates compiled by LSEG ahead of the company's earnings on Thursday.

That's marginally higher than the company's 475 billion yen forecast, which it lifted in July citing a strong performance in the second half.

Fast Retailing's shares have been on a tear, reaching a record high this week. Key factors going forward will be sales of fall and winter items in Japan and whether the company can reinvigorate its business in China, according to independent analyst Mark Chadwick.

"Investor attention will turn to whether Fast Retailing's measures in Greater China successfully reverse the earnings decline caused by weak consumer sentiment and increased competition," Chadwick wrote on the Smartkarma platform.

With more than 900 stores in China, Fast Retailing has long been seen as a bellwether for the retail sector in the world's second-biggest economy. COVID restrictions weighed on results there for years, but now the challenge is a sluggish economy that has weighed on consumer confidence.

Greater China CEO Pan Ning acknowledged in July that the market is maturing, with the company scaling back store openings and adopting a scrap and build strategy for underperforming locations.

When COVID lockdowns depressed sales in China, the company focused more on expansions in North America and Europe. Both sectors delivered strong sales and profits through the first nine months of fiscal 2024.

Company founder Tadashi Yanai aims to make Fast Retailing the world's biggest fashion retailer, with the operators of Zara and H&M standing in the way. He believes consumers are more focused on value than luxury in a post-COVID world, a trend that works in Uniqlo's favor.

Yanai, Japan's richest man, is scheduled to speak at the company's earnings briefing on Thursday, as well as Uniqlo president Daisuke Tsukagoshi, whom Yanai has spoken of as a possible successor.

Fast Retailing's shares have climbed 43% so far in 2024, outperforming a 16% advance in the benchmark Nikkei index.