A couple of U.S. veteran retail executives are trying to shake up the Canadian scene with the launch of The Cut.Taking a page from Macy’s and its recent addition of the Backstage off-price concept inside of several of its largest stores, Mark Shulman and Heywood Wilansky are working with Sears Canada chief executive officer Brandon Stranzl to spearhead a similar move within Sears Canada.The first of The Cut shops had a soft opening last week with a grand opening scheduled for April 1, Shulman said. The new division will eventually be rolled out to all 94 Sears Canada stores as well as online.“We’re experiencing the same thing in Canada as we are in the U.S.,” said Shulman, whose background includes Filene’s Basement, Brooks Brothers, Annie Sez and several other American chains. “The stores are just too big.”So with the blessing of Stranzl, who is overseeing the new initiative, and working with Wilansky, the former chief executive officer of DSW, Bon-Ton, Foley’s and others, who is senior advisor for merchandising, marketing and retail for the Toronto-based retailer, they created The Cut.Sears Canada is carving out about 20,000 square feet for the off-price division, which will be evenly split between apparel and home.Shulman said Sears Canada has added buyers and a divisional in New York as well as in Montreal and Toronto to “take advantage” of the off-price goods in the market. The planning, marketing and back-office operations remain in Toronto.The Cut will offer an assortment of well-known brands for men and women in apparel, accessories, intimate apparel and shoes. Among the labels that will be offered in apparel are Jessica Simpson, Tahara, Juicy Couture, Report Collection and others, he said. Prices are advertised as 30 to 60 percent below regular retail.Shulman said the time is right for Sears Canada to make a play for the off-price market in Canada. Saks Off 5th and Nordstrom Rack are both planning to expand or enter the market, joining Winners and Marshalls, both divisions of The TJX Cos. Inc. And off-price has been one of the bright spots in the struggling American retail landscape.Like many U.S. retail stores, Sears Canada is struggling under the weight of declining sales and has been closing stores. In the third quarter of fiscal 2016, the company reported a loss of $77.7 million Canadian, or $58 million at average exchange, in adjusted earnings before interest, taxes, depreciation and amortization on a comparable-store sales decline of 7.1 percent. Total sales fell 21.1 percent to $625.2 million Canadian dollars, or $468 million, in the period.Originally a joint venture between Sears in the U.S. and the Simpsons retail chain in Canada, the department store is now a separate publicly traded company. In 2014, Sears Holding Corp. sold most of its stake in the chain to ESL Investments Inc., the investing arm of its chairman Edward Lambert, for $340 million.
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews