NEW CEO AT SHOPKO: Shopko Stores chief executive officer Michael MacDonald is leaving the company to become president and ceo of DSW Inc. W. Paul Jones, currently Shopko’s president and chief merchandising officer, will succeed MacDonald as ceo of Shopko. Jones joined the Green Bay, Wis.-based Shopko in November 2007 after a 20-year career at companies including May Department Stores, Kohl’s and Sears. Since joining Shopko, Jones has implemented a new merchandising strategy based on differentiated brands and strong promotional values. At DSW, MacDonald succeeds Jay Schottenstein as ceo. Schottenstein continues as chairman.
COUNTERFEITS COSTLY FOR N.Y.C.: New York City Police Commissioner Raymond Kelly said last week that the national domestic counterfeit industry costs the city about $1 billion in lost tax revenue annually. Speaking at an anticounterfeiting summit hosted by Harper’s Bazaar, Kelly called the manufacturers and distributors of knockoffs, responsible for about $600 billion in sales nationally, “a shadow industry that continues to lengthen its reach.” The commissioner said in 2008 the New York Police Department seizures related to counterfeit goods came to $25 million, about $2 million taken from personal bank accounts held by those suspected of counterfeiting, and made more than 2,000 arrests for trademark counterfeiting. Still, Kelly called for stricter punishments for the crime. “True counterfeiting is a threat to democracy and a threat to the rule of law,” he said.
“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)