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.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"