PACSUN CUTS UNIT PRESIDENT: Pacific Sunwear of California said Wednesday in a regulatory filing that it is eliminating the position of president at its D.e.m.o. subsidiary, which the skate- and surf-inspired apparel chain is in the process of shuttering. The Securities and Exchange Commission filing said Lou Ann Bett will leave the company on March 15. The company previously said it will close the remaining 154 D.e.m.o. stores as part of its restructuring process. Last May it closed 74 units of the underperforming urban-inspired division. The closing of the stores is expected to be completed this May. The filing also said Bett will be entitled to receive severance benefits under the company's executive severance plan.
EXPRESS APPOINTMENT: Express has named Lisa Gavales executive vice president and chief marketing officer, succeeding John Wendler, who departed in May. "As an independent business, we have established aggressive growth plans that will require strong marketing and visual leadership to ensure that we are clearly articulating our brand to our customers," Michael Weiss, chief executive officer of Express, said. Gavales was most recently Bloomingdale's senior vice president of marketing and was largely responsible for growing the store's e-commerce. Earlier, she worked at PricewaterhouseCoopers and Habberstad International.
JAFFERJEE TO RAFAELLA: Rafaella Apparel Group Inc. said it appointed Husein Jafferjee as chief operating officer. Jafferjee was previously at Elie Tahari as chief operating officer. Prior to that, Jafferjee served in a variety of roles at Urban Children's Stores, Henri Bendel and Mexx USA, as well as Bankers Trust Co., Cosmair Inc. and Touche Ross & Co.
VALUE CITY DEAL: Retail Ventures Inc. said it sold an 81 percent ownership stake in its Value City Department Stores business to VCHI Acquisition Co., which is described as a newly formed entity owned by VCDS Acquisition Holdings LLC, Emerald Capital Management LLC and Crystal Value LLC. "Retail Ventures Inc. will receive no net cash proceeds from the sale, will pay a fee of $500,000 to the purchaser and anticipates recognizing an aftertax loss on the transaction," the retailer said in a statement. "As part of the transaction, Retail Ventures Inc. issued warrants to VCHI Acquisition Co. to purchase 150,000 shares of common stock of Retail Ventures at an exercise price of $10 per share, and exercisable within 18 months of the date of the closing of the transaction."
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)