BoF compiles the most important professional moves of the week.
NEW YORK, Aug 1 (Reuters) - Macy's Inc told a judge on Thursday that J.C. Penney Co should be barred from selling certain home goods designed by celebrity trendsetter Martha Stewart, and Penney and Martha Stewart Living Omnimedia also delivered closin...
WASHINGTON DC, United States — Nearly 20 North American retailers including Wal-Mart Stores Inc and Gap Inc unveiled a 5-year safety plan for Bangladesh garment factories on Wednesday that would include inspecting every factory within a year.
PLANO, United States — J.C. Penney Co., the department-store chain looking to rebound from its worst sales year in more than two decades, will get a boost from the opening of renovated housewares sections this month, chief executive officer Mike Ullman said.
Tory Burch has good reason to party after a billion-dollar brainwave (Telegraph) “Tory Burch may well just have made a $1 billion faster than any other woman in history; faster, possibly, than even that alpha male of fashion, Ralph Lauren. After a fair amount of hoo-ing and haa-ing, Burch, who owns 28.3 per cent of her label, quietly settled a dispute with her former second husband Chris Burch on New Year’s Eve, which
Mulberry looks to have its future sewn up (FT) “Bruno Guillon says that what he likes best about British design is its ‘relaxed confidence’. In the coming months, the Mulberry chief executive will need plenty of that himself as the UK-based maker of upmarket handbags grapples with the effects on the fashion industry of global economic weakness.” J.C. Penney ‘Backtracking’ With Discounts, Deutsche Says
NEW YORK, United States — He has been ordained “the alpha male of American street style” by GQ and called “Woost God” by some of his most rabid fans. But Nickelson ‘Nick’ Wooster, known for his sharply tailored blazers, handlebar moustache and armsleeve tattoos, is more than an arbiter of good taste. A menswear authority who has spent over 25 years working with leading luxury department stores like Barneys New York,
Why JC Penney Will Come Back (The Motley Fool) “Rome wasn’t built in a day, and no one said JC Penney’s turnaround would happen overnight either. Since Ron Johnson took the helm back in January, shares have been sliced in half and currently sit near 52-week lows.” It’s Karl’s world, we just live in it (The Independent) “Lagerfeld’s output is more diverse than any other
São Paulo Fashion Week: One of the biggest fashion weeks in the world (Exec) “For many years, quality fashion in Brazil came from the European market. Brazilian magazines used to maketheir fashion editorials based on the international aesthetic. The designers of the time were required to follow trends dictated by the international textile industry. However, there was a need to explore the fashionable Brazilian cultural
Diane von Furstenberg on ‘the China Century’ (WSJ) “Virtually every luxury marketer has China in its sights, and while Ms. von Furstenberg is no different, she says she is taking a more personalized approach to the country’s rising middle class. They appear to be responding: She now has more followers on Weibo than on its American equivalent, Twitter.” J.C. Penney’s pressure cooker (MarketWatch) “The chief
Is Fashion Ready for a New Aesthetic? (Intelligence) “Over the past year, a loose group of creatives in London’s East End have given birth to a counter-narrative to the growing tide of heritage and nostalgia, examining the reality of our increasingly artificial and technology-mediated world head-on.” Commerce That’s Curated Just for You (Fashion 2.0) “Ambitious start-ups are aiming to offer consumers more sophisticated personalised
J. C. Penney Posts Big Loss as 3 Retailers Gain (NY Times) “While retailers including Home Depot, Saks Fifth Avenue and TJX Companies reported solid profits on Tuesday, J. C. Penney, in the midst of an ambitious turnaround plan, posted a big loss and said its quarterly sales had dropped 20 percent.” Strong Asia demand keeps Richemont optimistic (Reuters) “Richemont, the world’s second-largest luxury goods
All Aboard the LV Express (IHT) “The clock struck 10 a.m. Wednesday and in a puff of smoke a Louis Vuitton steam train, smartly painted, chugged onto the platform. Out stepped women with hats held high, their A-line camel coats layered over skirts and pants fit for travel.” Groups struggle to meet demand (FT) “If 2011 was the year of euphoria for the watch and jewellery industry, gathered this month for its annual