Julie Rosen and Sheryl Clark Named Exec VPs at Gap Inc.
LOS ANGELES — Gap Inc. announced on Thursday the promotion of senior merchants Julie Rosen and Sheryl Clark to the new positions of executive vice president merchandising for Gap Brand and executive vice president of merchandising for Old Navy,...
LOS ANGELES — Gap Inc. announced on Thursday the promotion of senior merchants Julie Rosen and Sheryl Clark to the new positions of executive vice president merchandising for Gap Brand and executive vice president of merchandising for Old Navy, respectively.
The effort to streamline the merchandising divisions comes after a report last week from Merrill Lynch analyst Mark Friedman downgrading the Gap’s rating to neutral from buy amid concerns about recent lackluster fall sales trends and what he described as an “uninspiring product assortment for fall.’’
Rosen, 39, a 13-year veteran of Gap Inc., had been senior vice president for Gap Adult, Gap Accessories and Gap Body, and will oversee merchandising for all Gap brand concepts for its U.S. division. Clark, 38, who has been with the company 11 years, was named senior vice president of merchandising for Old Navy in 2002 and will be responsible for merchandising for all aspects of Old Navy’s business.
“Now we’ve got one central merchandising executive to help align merchandising with market and design, which have a similar organizational structure,” said Gap spokeswoman Jordan Benjamin.
“Everything is now being put through the filter of how can we better serve our customers,” Benjamin said. But there are no plans to change any of the merchandising strategies.
Gap shares were the most heavily traded on the New York Stock Exchange on Thursday after the company reported a narrower-than-expected decline in August same-store sales.
The San-Francisco-based retailer generated $15.9 billion in revenue in fiscal 2003 and has made healthy strides in its performance the past 22 months under chief executive officer Paul Pressler.
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye