The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Macy’s Inc., the parent company of Bloomingdale’s, has appointed Olivier Bron as the new chief executive of the New York-based department store chain. In addition to leading business strategy, Bron will be responsible for curating the Bloomingdale’s selection of brand stocks and private brands.
Bron joins the company with more than 20 years of retail experience. Most recently, he was the CEO of Thai retailers Central and Robinson Department Stores under Central Group. Prior to that, Bron was the chief operating officer and director of strategy for Galeries Lafayette in Paris.
Bron will fill the top role vacated by Tony Spring earlier this year when he was promoted to president and CEO of Macy’s Inc. Bron will resume the position in November and report to Spring.
“[Bron’s] extensive international retail career and deep knowledge of the luxury market will be invaluable as we pursue additional opportunities for growth,” Spring said in a statement.
ADVERTISEMENT
Learn more:
Macy’s Falls as Markdowns to Clear Inventory Cut Into Sales
Macy’s Inc. comparable sales beat analyst expectations, but a significant drop from a year ago shows that department store customers are pulling back on purchases.
The British musician will collaborate with the Swiss brand on a collection of training apparel, and will serve as the face of their first collection to be released in August.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.