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.
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.
The performance coach and Allbirds’ co-founder discuss the transformative power of togetherness in fostering a culture of excellence.