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.
The Dallas-based retailer created the role of fashion and lifestyle director for Aiken, who will report to chief merchandising officer and president Lana Todorovich, Neiman Marcus announced Wednesday, June 16. Her post begins in August.
Aiken’s hire will strengthen Neiman Marcus’ merchandising division, which includes partnerships with 3,000 new and existing brand partners, the company said. The retailer emerged from bankruptcy last fall.
At Moda, Aiken was the fashion and buying director. Previously, she has worked for Net-a-Porter and MyTheresa. In her new position, Aiken will work to identify emerging brands, develop partnerships and help drive sales among Neiman Marcus’ “loyal luxury customer base,” the company said.
“We have been on a journey to find a global fashion leader who is a digital native and will help accelerate the growth of Neiman Marcus’ loyal brand portfolio with a fresh perspective,” Todorovich said in the release.
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.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.