Entries in Michelle Obama (5)


Michelle Obama Wears a Jason Wu for Target Dress

Alex Wong/Getty Images/Target(OCOEE, Fla.) -- Designer Jason Wu’s line for Target sold out hours after it went on sale online, but it looks as if Michelle Obama managed to snag one of the coveted dresses from the collection.

The first lady sported the Sleeveless Chiffon Dress in Navy Floral, which retails for $39.99, over the weekend during a tour for her “Let’s Move” campaign in Florida.

The first lady wore the dress to dinner at the Halls family’s Ocoee, Fla., home, accessorizing it with a bright blue cardigan and trading the gold belt for a red one of her own.

The first lady has been known to mix high-priced designer items from designers such as Wu, Lanvin and Isabela Toledo, with pieces from retailers like J. Crew.

Wu’s Capsule Collection for Target includes delicate dresses and tops, pleated skirts, scarves, handbags and clutches, all for $60 or less. Items from Wu’s regular line can cost $5,000 in luxury department stores.

The young designer has Michelle Obama to thank for putting him on the map. The first lady famously wore Wu’s white, one-shoulder silk chiffon dress to President Obama’s 2009 inaugural ball, catapulting the designer into the national spotlight. That dress is now on display at the Smithsonian’s National Museum of American History in Washington, D.C.

Since then, the first lady has continued to wear Wu’s designs, notably a magenta dress on the March 2009 cover of Vogue, and a Wu dress and cardigan to an event with the G20 spouses in April 2009.

The first lady is also a fan of Target. She was seen at suburban Virginia Target in September, where she reportedly bought food and toys for first pooch Bo.

Copyright 2012 ABC News Radio


First Lady Announces Pledge to Hire 100K Veterans and Military Spouses by 2014

SAUL LOEB/AFP/Getty Images(WASHINGTON) -- First lady Michelle Obama announced Thursday that U.S. business has pledged to hire 100,000 veterans and military spouses by 2014, and she made a personal vow not to rest until all of the country’s 859,000 unemployed veterans have gainful employment.

The pledge supports the “Joining Forces” initiative that Obama and Jill Biden, the vice president’s wife, launched earlier this year.

“That’s 100,000 jobs, that’s 100,000 veterans and spouses who will have the security of a paycheck and a good career,” the first lady said. “That’s thousands of families that can rest just a little bit easier every night.”

Obama said the hiring pledge, including 5,000 positions for wounded warriors, came from two organizations: the International Franchising Association and the Military Spouse Employment Partnership. Companies such as UPS, Microsoft, Home Depot and Citi are examples of businesses participating in the pledge.

She pointed out that the announcement Thursday,  part of the Chamber’s “Hiring Our Heroes” event, is intended to be complimentary to steps that her husband, President Barack Obama, is taking to aid unemployed veterans, including a measure that passed in the Senate Thursday afternoon but has yet to pass the House of Representatives.

The first lady said the pledge “isn’t about making headlines” but rather ”upholding our sacred duty to our veterans and their families.”

“This is about who we are as individuals and as a country. This is about making sure that every person who wears our uniform knows that their fellow citizens have their backs,” she said. “We all know that there are thousands more veterans and military spouses out there looking for jobs, folks who just need a little help to connect with a hiring fair, to find a career that suits their skills.”

About 859,000 veterans are  unemployed, and the jobless rate for post-9/11 veterans is an estimated 12.1 percent, according to the Bureau of Labor Statistics.

“That just doesn’t seem right, and hearing something like that, it drives me to want to do more,” Obama said. “I won’t stop, and all of the people joining me here today won’t stop. We will keep working until this wave of support reaches every single veteran and every single military family in this nation. That is my solemn promise as first lady.”

Copyright 2011 ABC News Radio


Walmart to Introduce Healthier Packaged Food at Stores

Photo Courtesy - Getty Images(WASHINGTON) -- Walmart is expected to announce a plan Thursday that will reduce the amount of fat, sugar and salt in its packaged foods, according to The Washington Post.

The retailer's proposal stemmed from discussions it had with first lady Michelle Obama, a known advocate of eating healthy and reducing childhood obesity.  The first lady, who backs the company's initiative, will be in attendance when the announcement is made in Washington, D.C.

Under the plan, thousands of foods will have to reduce sodium, added sugars and trans fats.

"No family should have to choose between food that is healthier for them and food they can afford," Walmart President and CEO Bill Simon said in a statement posted on the company's website.

As part of the healthy iniative, Walmart is also planning to drop prices on fruits and vegetables. 

Copyright 2011 ABC News Radio


J. Crew Reaches Buyout Deal 

Photo Courtesy -- YORK) -- U.S. fashion retailer J. Crew has closed a deal to be acquired by TPG Capital and Leonard Green & Partners, according to The New York Times

The agreement would sell the company for roughly $2.8 billion, or $43.50 per share.

The deal comes amid weak sales and customer disapproval over J. Crew’s higher prices in relation to comparative retailers.

Revenue, however, showed signs of growth earlier this year. In August, second quarter income reached $34.9 million, up from $18.6 million during the same period of 2009.

Under the deal, TPG Capital would have a 75-percent stake in the company, with Leonard Green & Partners holding a 25-percent stake, sources tell the Times.
Copyright 2010 ABC News Radio


First Lady's Clothing Picks: Big Gains for Designers, Department Stores

Photo Courtesy - ABC News(WASHINGTON) -- First lady Michelle Obama is hailed as one of the world's best-dressed women. From couture creations to off-the-rack ensembles, the clothes she wears fly off the shelves.

The designers whose creations are picked by the first lady not only experience a surge in popularity, but, according to the results of a study published in the October issue of the Harvard Business Review, their stocks can get a significant boost.

The study's author, David Yermack, professor of finance and business at New York University's Leonard N. Stern School of Business, performed a year-long analysis of the economic impact of Obama's apparel selections.

He found that her choices had a major influence on clothing markets.

Obama's Choices Benefit Seventh Avenue and Wall Street

"Each single appearance of hers could move a stock price by $14 million," Yermack told "Good Morning America."

According to Yermack's results, Obama made 189 public appearances between November 2008 and December 2009. During that time, she wore items from 29 publicly traded companies, including J.Crew, the Gap, Saks Fifth Avenue and Target.

Those companies raked in an estimated $2.7 billion as a result of Obama's donning their apparel, Yermack calculated.

J.Crew has been one of the biggest beneficiaries of the first lady's sartorial selections. Obama has sported outfits from the popular mall chain on several high-profile occasions.

Copyright 2010 ABC News Radio

ABC News Radio