Women may make up a majority of buyers of consumer goods, but they certainly don’t represent a majority of the decision makers at consumer goods companies. University of California, Davis’ annual study of women business leaders at the state’s largest 400 public companies has hammered that point home.
The study found that women hold 10.9 percent of the highest-paid executive posts and board seats at these companies, an increase of 1 percent from last year. More than a quarter of the companies have no women in either role. Wet Seal Inc., a Foothill Ranch, Calif.-based operator of 530 clothing stores, was a notable exception. Tied with natural foods company Annie’s Inc. at the top of the list of 25 California companies that are the most gender inclusive, four of the seven people who sit on Wet Seal’s board are women.
Other companies in the top 25 were Bebe Stores Inc., Deckers Outdoor Corp. and Williams-Sonoma Inc., which filled three out its five highest-paid executive positions with women.
On the flip side, Pacific Sunwear of California Inc., Skechers USA Inc., True Religion Apparel Inc. and Quiksilver Inc. are among those companies found to have no women on their boards. Big 5 Sporting Goods Corp., Guess Inc., Macerich Co., Quiksilver Inc. and Skechers USA Inc. were listed as companies with no women in the highest-paid executive positions.
Thirteen of the 400 California companies in the study had female chief executive officers, but Laura Alber, ceo of Williams-Sonoma, was the only woman ceo of a consumer goods firm.
In total, 14.6 percent of the board directors at leading California-based public companies in the consumer goods sector were women. Almost 70 percent of the consumer goods companies in California tracked for the study did have at least one woman board member. When it comes to highest-paid executives, 46 percent of the consumer goods companies had one or more women in those posts.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)