- KOHL'S STOCK BUYBACK: Kohl's Corp. said Thursday that its board has authorized a $2.5 billion share repurchase program. The retailer expects to complete the program over the next three years. Funding will be from operating cash flow as well as incremental debt financing. "The share repurchase program reflects our strong balance sheet, confidence in our long-term growth and our commitment to returning value to shareholders," Larry Montgomery, chairman and chief executive officer, said in a statement.
- A.B.S. JEWELRY PACT: A.B.S. by Allen Schwartz, the Los Angeles-based sportswear firm, has licensed fashion jewelry company Carolee to develop a jewelry collection to complement the A.B.S. dress and sportswear lines. The first collection of A.B.S. by Allen Schwartz Jewelry, which will retail from $55 to $350, will make its debut in stores next spring.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)