NEW YORK — AnnTaylor Stores Corp. said on Tuesday that Anthony M. Romano, chief supply chain officer, has resigned and the company expects to name a replacement soon.
The job is an important one for Ann Taylor and its more moderately priced sibling, Loft. Successful supply chain initiatives can improve profitability during even the most challenging times. Both brands have had supply problems in recent years. Ann Taylor and Loft have taken turns missing key fashion trends by not offering enough dresses one season and scrimping on color the next.
Romano, who joined Ann Taylor in 1997 as senior vice president of logistics, was focused on building a global transportation network to support the company’s new sourcing division. The area of information technologies was added to Romano’s sourcing duties in 2006.
In a separate development, the company on Tuesday said two senior executives, Brian E. Lynch and Michael J. Nicholson, have assumed expanded responsibilities, effective immediately. Lynch, president of Ann Taylor’s factory division with oversight over corporate store operations, takes responsibility for the company’s e-commerce business and corporate real estate and construction, under the new title of president of corporate operations.
Nicholson, executive vice president and chief financial officer, adds responsibility for information technology and global procurement to his portfolio.
AnnTaylor Stores said reported first-quarter income fell 17.7 percent because of the softness and uncertainty weighing on the retail sector.
For the three months ended May 3, income dropped to $25.9 million, or 43 cents a diluted share, compared with $31.5 million, or 46 cents, in the year-ago quarter. Sales gained 2 percent to $591.7 million from $580.3 million. Same-store sales declined 4.3 percent. By division, comps fell 11.5 percent at Ann Taylor, but inched up 0.7 percent at Loft.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast