Kohl’s Turnaround Stalls as Sales Growth Stagnates
Kohl’s turnaround attempt showed some progress after the retailer raised its annual earnings outlook, but it still doesn’t see sales growth this year.
leadership
Workplace & Talent
UK Fashion Industry Isn’t Making Progress on Leadership Diversity, Report Finds
The first-ever UK Fashion DEI Report calls for more robust diversity targets and for leaders to acknowledge the connection between inclusion and profitability.
UK Fashion Industry Isn’t Making Progress on Leadership Diversity, Report Finds
The first-ever UK Fashion DEI Report calls for more robust diversity targets and for leaders to acknowledge the connection between inclusion and profitability.
Beauty
Sephora Greater China Head Steps Down
Maggie Chan leaves after five years with no immediate replacement named as Sephora overhauls its China strategy.
Sephora Greater China Head Steps Down
Maggie Chan leaves after five years with no immediate replacement named as Sephora overhauls its China strategy.
Marketing
How Fashion Brands Can Survive the 2024 US Election Minefield
Few companies see an upside in wading into what’s shaping up to be a long, toxic campaign. But after years of socially conscious messaging they can’t fully disengage either.
How Fashion Brands Can Survive the 2024 US Election Minefield
Few companies see an upside in wading into what’s shaping up to be a long, toxic campaign. But after years of socially conscious messaging they can’t fully disengage either.
Luxury
LVMH’s Sidney Toledano: Lessons From 40 Years in Luxury
From 20 years at Dior to luxury’s post-pandemic boom, Sidney Toledano has shaped the modern luxury business. ‘Desire is the most important thing,’ Toledano tells Laurence Benaïm.
LVMH’s Sidney Toledano: Lessons From 40 Years in Luxury
From 20 years at Dior to luxury’s post-pandemic boom, Sidney Toledano has shaped the modern luxury business. ‘Desire is the most important thing,’ Toledano tells Laurence Benaïm.
Luxury
Michael Burke to Succeed Sidney Toledano at LVMH’s Fashion Group
The former Louis Vuitton CEO will become chief executive and chairman of the unit that houses Celine, Loewe, Givenchy, Marc Jacobs, Pucci and Kenzo, effective February 1.
Michael Burke to Succeed Sidney Toledano at LVMH’s Fashion Group
The former Louis Vuitton CEO will become chief executive and chairman of the unit that houses Celine, Loewe, Givenchy, Marc Jacobs, Pucci and Kenzo, effective February 1.
Retail
Gildan Takes Aim at Ex-CEO’s Habits, Investments
Directors at the Canadian clothing manufacturer are trying to make the case they were justified in firing the longtime chief executive officer in December.
Gildan Takes Aim at Ex-CEO’s Habits, Investments
Directors at the Canadian clothing manufacturer are trying to make the case they were justified in firing the longtime chief executive officer in December.
Beauty
Gregg Renfrew Returns to Beautycounter as CEO
Gregg Renfrew, Beautycounter’s founder, will return to the brand and assume the top job beginning Feb. 1.
Gregg Renfrew Returns to Beautycounter as CEO
Gregg Renfrew, Beautycounter’s founder, will return to the brand and assume the top job beginning Feb. 1.
Retail
Gap Inc. Announces C-Suite Additions
The retailer has named Eric Chan as its new chief business and strategy officer and Amy Thompson as chief people officer.
Gap Inc. Announces C-Suite Additions
The retailer has named Eric Chan as its new chief business and strategy officer and Amy Thompson as chief people officer.
Luxury
Chanel’s Changing of the Guard Continues
The luxury megabrand’s former Japan head is the latest executive to leave two years into Leena Nair’s tenure as CEO.
Chanel’s Changing of the Guard Continues
The luxury megabrand’s former Japan head is the latest executive to leave two years into Leena Nair’s tenure as CEO.
Retail
John Lewis Brings Back Former Fashion Boss Peter Ruis to Lead Chain
The appointment of an experienced retailer with 30 years of industry experience comes amid falling sales and profits at the department store.
John Lewis Brings Back Former Fashion Boss Peter Ruis to Lead Chain
The appointment of an experienced retailer with 30 years of industry experience comes amid falling sales and profits at the department store.
Workplace & Talent
How AI Is Changing Fashion’s Recruiting Process
A growing number of fashion and beauty brands are looking to AI to solve age-old recruiting challenges, from wading through piles of résumés to writing job postings — but even with all their promise, these new technologies aren’t without shortcomings.
How AI Is Changing Fashion’s Recruiting Process
A growing number of fashion and beauty brands are looking to AI to solve age-old recruiting challenges, from wading through piles of résumés to writing job postings — but even with all their promise, these new technologies aren’t without shortcomings.
Direct-to-Consumer
Rothy’s Announces Executive Overhaul
Shoemaker Rothy’s on Tuesday announced a number of leadership changes. Co-founders Stephen Hawthornthwaite and Roth Martin have stepped down from their roles as chief executive and president, respectively. Hawthornthwaite will transition to Rothy’s chair of the board, and Martin will become chief creative and innovation officer.
Rothy’s Announces Executive Overhaul
Shoemaker Rothy’s on Tuesday announced a number of leadership changes. Co-founders Stephen Hawthornthwaite and Roth Martin have stepped down from their roles as chief executive and president, respectively. Hawthornthwaite will transition to Rothy’s chair of the board, and Martin will become chief creative and innovation officer.
The News in Brief
Abercrombie Sees Record Shares Jump After Guidance Lift
Abercrombie & Fitch Co. shares rallied after revenue topped estimates and the retailer raised its annual earnings guidance, suggesting the preppy apparel company is regaining momentum.
Dolce & Gabbana Seeks to Raise Cash in Exchange for Debt Waiver
Dolce & Gabbana is seeking to raise cash using transactions outside the Italian fashion house’s day-to-day business after banks agreed to waive terms governing its debt as demand for luxury goods stays weak.
Mexican Makeup Label Sarelly Raises $3 Million
The funding will be used to power the brand’s expansion into the US, including a nationwide rollout in Target’s Beauty Studio.
Bath & Body Works Lifts Annual Profit Forecast on Digital Demand
The US fragrance giant raised its full-year profit forecast and beat estimates for second-quarter results, benefiting from demand for its products on digital channels, despite a decline in store traffic.
Indian Fashion Retailer Purple Style Labs Plans IPO
The Bollywood star-backed company behind multi-brand retailer Pernia’s Pop-Up Shop will launch its share sale next week as it taps demand for luxury wedding and occasion wear.
India Investigates Fragrance Giants Over Price Collusion, Document Shows
Global fragrance makers Givaudan, Firmenich and International Flavors & Fragrances face a second antitrust investigation by Indian authorities, according to a regulatory document seen by Reuters.
Laopu Gold Growth Slows as Bullion Slide Hits Luxury Demand
The Chinese jewellery maker’s revenue increased 60 percent to $2.9 billion during the the six months ended June.