NEW YORK — Given the various initiatives underfoot at Saks Inc., it was fitting that chairman and chief executive officer Stephen I. Sadove opted to stand and occasionally walk across the stage at CUNY’s Graduate Center while talking shop Friday morning.
As a leadoff speaker at “Initiatives in Art and Culture,” he didn’t dance around the retail fallout from the recession, e-commerce opportunities and international expansion plans. In “Saks Fifth Avenue: One-of-a-Kind Luxury in the 21st Century,” Sadove repeatedly demonstrated how product and service continue to be the bedrock of Saks 87 years after it was founded. “We are a $3.5 billion retailer, which sounds big but it’s really not in the world of retail. Macy’s is a $30 billion retailer. Within luxury, we are a big player but within totality of retail, we are not,” he said.
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
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"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.