Quick: When was the last time a top retail or apparel executive was recruited to run a major company outside the industry?
Stumped? Perhaps it's a sign of what many observers believe could be the industry's growing crisis: a dearth of executive talent. According to headhunters, educators and almost any industry veteran, successful recruitment and well-rounded training programs are key to the success of an industry, and tell-tale signs that retail and apparel are missing them include an increasing number of high-level outside hires, not to mention disappointing comps and earnings.
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)