The impending departure of Wal-Mart U.S. chief merchant John Fleminggives Wal-Mart Stores Inc. a chance to remake the country’s largestapparel business — and Wall Street hopes the world’s largest retailertakes advantage of it.
Fleming, a former Target Corp. departmentstore executive who has spent the last decade at Wal-Mart, will stepdown as executive vice president and chief merchandising officer of theretail giant’s namesake division on Aug. 1. His resignation is thesecond departure of a top executive at the U.S. stores unit, perhaps anindication top management is becoming impatient with the division’sperformance.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)