- OLD NAVY CFO: A Gap Inc. spokeswoman confirmed that John Luttrell will join Old Navy as chief financial officer effective Oct. 1, assuming responsibility for the finance and real estate divisions. Patti Johnson, who preceded Luttrell as cfo and executive vice president, has left the company. Old Navy operates 1,034 stores in North America, which generated $1.6 billion in net sales in the second quarter of this year, according to company reports. In his new capacity, Luttrell will report to both Dawn Robertson, president, Old Navy, and Sabrina Simmons, executive vice president and acting cfo of Gap Inc. The dual reporting structure is normal for Gap Inc.'s brands. Luttrell most recently served as executive vice president and cfo of The Wet Seal Inc. Prior to that, he held finance and operations positions with Cost Plus Inc., where he also was cfo, Bugle Boy Industries Inc. and Midway Airlines Inc. "I'm delighted that John is joining Old Navy. His strong retailing background and financial acumen will prove invaluable to Old Navy's leadership team as we continue to focus on stabilizing Old Navy's business and improving the brand's performance," said Robertson.
- NEXCEN AND LI & FUNG PARTNER: NexCen Brands Inc. is partnering with Li & Fung USA to manufacture and distribute The Athlete's Foot apparel, which NexCen said in June it would launch. The first two Athlete's Foot collections in the line are performance athletic attire, Taftec and Track & Field, set to hit stores in the spring. Li & Fung will manage the supply chain from the development stage through distribution. Financial terms of the agreement were not disclosed.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"