Dick’s Sporting Goods Cuts Annual Forecasts as Demand Weakens
The sports retailer cut its full-year sales and profit forecasts as a cautious consumer environment hit demand for athletic apparel and sporting goods.
leadership
Retail
Promising Signs for Macy’s Turnaround
Sales fell in the retailer’s first quarter, but were up at 50 stores where new ideas are being tested. CEO Tony Spring tells BoF he’s just getting started.
Promising Signs for Macy’s Turnaround
Sales fell in the retailer’s first quarter, but were up at 50 stores where new ideas are being tested. CEO Tony Spring tells BoF he’s just getting started.
Workplace & Talent
Why Fashion Needs to Step Up Support for Black Students
To cultivate Black talent in the industry, fashion schools must improve on recruiting and retaining minority students, diversity experts say. Brands too can show their support through mentorship initiatives with HBCUs.
Why Fashion Needs to Step Up Support for Black Students
To cultivate Black talent in the industry, fashion schools must improve on recruiting and retaining minority students, diversity experts say. Brands too can show their support through mentorship initiatives with HBCUs.
Retail
Bruce Nordstrom, Former Retail Chair, Has Died
Nordstrom was instrumental in the Seattle department store chain’s expansion and 1971 initial public offering.
Bruce Nordstrom, Former Retail Chair, Has Died
Nordstrom was instrumental in the Seattle department store chain’s expansion and 1971 initial public offering.
Beauty
Pattern Beauty Names Tiffani Carter Chief Marketing Officer
Carter joins the company from makeup artist Danessa Myricks’ namesake cosmetics label, where she was CMO.
Pattern Beauty Names Tiffani Carter Chief Marketing Officer
Carter joins the company from makeup artist Danessa Myricks’ namesake cosmetics label, where she was CMO.
Luxury
Richemont Names Van Cleef’s Nicolas Bos New Group CEO
The management shakeup was announced as the Cartier owner reported mixed sales results including an unexpected turnaround in the US.
Richemont Names Van Cleef’s Nicolas Bos New Group CEO
The management shakeup was announced as the Cartier owner reported mixed sales results including an unexpected turnaround in the US.
Luxury
LVMH Said to Shake Up Fashion Group Leadership
Former Louis Vuitton CEO Michael Burke is stepping back from overseeing LVMH’s sprawling Fashion Group just four months after he was named the unit’s chief executive, BoF has learned.
LVMH Said to Shake Up Fashion Group Leadership
Former Louis Vuitton CEO Michael Burke is stepping back from overseeing LVMH’s sprawling Fashion Group just four months after he was named the unit’s chief executive, BoF has learned.
Media
Condé Nast Chief Revenue Officer Steps Down
During her tenure, Drucker Mann was instrumental in ushering the business into the digital age, said Roger Lynch, Condé Nast’s chief executive.
Condé Nast Chief Revenue Officer Steps Down
During her tenure, Drucker Mann was instrumental in ushering the business into the digital age, said Roger Lynch, Condé Nast’s chief executive.
Retail
Retailer Zalando Shakes Up Management After Strategy Shift
The company, whose stock soared to a record during the pandemic, has languished as faster inflation and shoppers returning to stores pummelled sales in 2022 and 2023.
Retailer Zalando Shakes Up Management After Strategy Shift
The company, whose stock soared to a record during the pandemic, has languished as faster inflation and shoppers returning to stores pummelled sales in 2022 and 2023.
Workplace & Talent
Fixing Retail’s Sales Floor to C-Suite Pipeline
Fashion retailers are promoting fewer store employees into corporate roles, missing out on key expertise and diversity as a result.
Fixing Retail’s Sales Floor to C-Suite Pipeline
Fashion retailers are promoting fewer store employees into corporate roles, missing out on key expertise and diversity as a result.
Retail
Gap Names PepsiCo Exec as Global Chief Marketing Officer
Fabiola Torres, who has also held leadership roles at Nike and Apple, will oversee the group's marketing, merchandising and store experience functions.
Gap Names PepsiCo Exec as Global Chief Marketing Officer
Fabiola Torres, who has also held leadership roles at Nike and Apple, will oversee the group's marketing, merchandising and store experience functions.
Luxury
Prada Heir Says the Group Is Open to More M&A
‘We have been and will always be open to considering opportunities,’ Lorenzo Bertelli told reporters Tuesday at the opening of a knitwear factory in Torgiano, Italy.
Prada Heir Says the Group Is Open to More M&A
‘We have been and will always be open to considering opportunities,’ Lorenzo Bertelli told reporters Tuesday at the opening of a knitwear factory in Torgiano, Italy.
Media
Condé Nast and Union Strike Deal, Avoiding Met Gala Disruption
The new contract includes $3.6 million in wage increases, and eight weeks of severance for laid-off employees, according to a statement from the NewsGuild of New York, the union’s organising body.
Condé Nast and Union Strike Deal, Avoiding Met Gala Disruption
The new contract includes $3.6 million in wage increases, and eight weeks of severance for laid-off employees, according to a statement from the NewsGuild of New York, the union’s organising body.
The News in Brief
Essilorluxottica Founder’s Son Quits Management Roles After Reported Rift With CEO
Leonardo Maria Del Vecchio is stepping down as chairman of the Ray-Ban brand and as chief strategy officer, the company said, after reports of tensions with CEO Francesco Milleri.
Avon North America Acquired By Regent, Appoints New CEO
The legacy beauty brand's US and Canada divisions will join the investment firm's portfolio, which also includes Avon International.
Shein’s Purchase of Everlane Faces US National Security Review
A review by an interagency panel led by the US Treasury Department began after the $80 million transaction was completed in May, according to the people familiar with the matter.
Shein Sets IPO Date, Targets Up to $27 Billion Valuation
The company is set to debut on the Hong Kong stock exchange on Sept. 1 and is seeking to raise as much as $1.8 billion in its long-awaited IPO, according to a filing.
Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
UK Retail Sales Drop for the First Time in Three Months
Scorching weather and fewer discounts discouraged shoppers and ended a recent rebound in consumer spending as retail sales fell for the first time since April.
Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.