Ann Inc. promoted Brian Lynch to brand president of the Ann Taylor division, replacing Christine Beauchamp just as the company warned that weakness at the brand’s stores caused it to miss fourth-quarter expectations.
Comparable sales at the Ann Taylor stores fell 11 percent in the fourth quarter as comps at the brand’s Web site rose 28 percent and the factory outlet’s comps increased 6 percent.
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)