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.
As part of its efforts in improving digital customer service, the department store announced Wednesday, January 27 that it has also hired Apple veteran Bob Kupbens in a new role: executive vice president, chief product and technology.
The Dallas-based luxury retailer is creating another new role: general manager, brand partnerships & merchandising, a position that will be led by former Victoria Beckham chief executive Paolo Riva.
Kupbens, who last held a president position for home security firm ADT, will work with Neiman Marcus’ senior leadership team to “develop digital products and capabilities that enhance store, online and omnichannel experiences,” the company said. Riva will report to Lana Todorovich, president and chief merchandising officer.
The $85 million supply chain project entails implementing a new order management system and warehouse system, as well as improving Neiman Marcus Group’s distribution facility.
“As the demand for luxury products continues to grow, so does our supply chain network and infrastructure. These investments ensure that NMG can quickly deliver the luxury products our customers want,” Willis Weirich, chief supply chain officer, said in a statement.
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.