- FISHERS SELL SHARES: Donald G. Fisher, founder and chairman emeritus of Gap Inc., and his wife Doris, a director at the company, sold off 13.9 million shares of the retailer over the last year, leaving them with 51.8 million shares, or a 7.1 percent stake in the firm, as of Monday.
- DFS APPOINTMENT: DFS Group Ltd. named Michael Schriver as president, worldwide store operations, overseeing the daily operations of all DFS retail locations around the world. Schriver succeeds Mark Daley, who joined Dean & Deluca after 22 years with DFS. Schriver also continues as president, merchandising until a successor for that role is named. DFS has commenced a search and expects to fill the position in the first half of 2008. Schriver joined DFS in 1998 and earlier spent 20 years at Macy's. He will be relocating to Hong Kong later this year.
- AMAZON FIGHTS TAX PROPOSAL: Gov. Eliot Spitzer's budget proposal to tax e-commerce sales in New York state would be a "unique burden to New York state consumers," according to Paul Misener, Amazon.com's vice president for global public policy. Misener, in Albany Tuesday to protest the increased tax on online sales tax, noted that Michigan and California have proposed and rejected the same measure, and, in some instances, it has been declared unconstitutional. "We're not in the state, and federal law prohibits out-of-state vendors from being required to collect this kind of sales tax," said Misener. "This is not the only way to get at remote taxation, if that is a major interest." Misener said he thinks it's very unlikely the proposal will pass the state legislature.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)