Victoria’s Secret Tops Q4 Profit Estimates, but Signals Caution – WWD
Martin Waters said Victoria’s Secret & Co. is standing well on its own and is on the right path after its first full year as a public company.
But that doesn’t mean it was an...
Nordstrom Shows Q4 Declines, Plans to Close Canada Stores – WWD
Nordstrom Inc., impacted by steeper markdowns and macroeconomic headwinds, reported fourth-quarter declines on the both the top and bottom lines and announced that it was pulling out of Canada.
Fourth-quarter net earnings declined to $119...
Patrice Louvet on Ralph Lauren’s Ability to Create Magic – WWD
NEW YORK — What do Ralph Lauren and the Walt Disney Co. have in common? They’re both masters at creating worlds that people want to immerse themselves in.
That was the way Patrice Louvet, president...
Elizabeth Hilfiger’s Foo and Foo Label Opens a Pop-up at Fred Segal – WWD
It may not be warm in Los Angeles right now — think snow behind the Hollywood sign and record-setting frigid temperatures sending people reaching for their parkas and mittens — but Elizabeth Hilfiger has hot...
Ferragamo Reports Sales Growth in 2022 – WWD
MILAN — Ferragamo is “fully on track on all its strategic priorities,” as the company posted another year of growth in revenues.
This was achieved “amid a complex and volatile macroeconomic environment, in which...
400 Qurate Staffers, 12% of QVC, HSN Workers, to Be Laid Off – WWD
Qurate Retail is cutting 400 jobs this year as part of the Project Athens turnaround plan it revealed last summer.
Though Qurate president and chief executive officer David Rawlinson told investors the company is making progress in stabilizing the business,...
Luxury, High Quality Priorities at Lineapelle – WWD
MILAN — With its 1,161 exhibitors from 42 countries and more than 22,000 buyers, up 42 percent compared to a year ago, Lineapelle closed with pre-COVID-19 numbers and an upbeat mood.
The three-day leather trade...
Jeanne Damas Sets Expansion for Rouje – WWD
Digital native brand Rouje is taking on the physical world.
Cofounder Jeanne Damas has long dreamed of opening up stores for the label in New York and London, but had to put plans on hold...
AAFA And International Apparel Federation Team to Tackle Supply Chain – WWD
The American Apparel & Association has signed a new Memorandum of Understanding with the International Apparel Federation underlining a renewed commitment to bring industry players together across the supply chain and across the...
Trussardi Restructures, CEO Sebastian Suhl and Board Resign, Sources – WWD
MILAN — Trussardi is going through yet another reorganization, according to sources, and the first consequence is the resignation of the entire board of directors. Accordingly, chief executive officer Sebastian Suhl is no longer...
