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.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
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@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 (📷: Dominique Maître)
@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)