As the National Retail Federation’s 2013 Big Show on Monday swung into its second full day, Macy’s Inc. chairman, president and chief executive officer Terry J. Lundgren, the outgoing NRF chairman, passed the baton to Sadove, Saks Inc’s chairman and ceo. Like his predecessor, who championed job creation, Sadove said he’s committed to the cause and NRF’s Retail Means Jobs campaign. Sadove will also be pushing for the removal of trade barriers and corporate tax reform. Noting that retail accounts for 18 percent of the U.S. gross domestic product, he said, “Retail pays the highest effective tax rate. [Reducing] it would mean lower prices for consumers.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"