The apparel cfo’s role has moved far beyond sales, profits, assets and liabilities. today’s job description includes information and integrity, too.
The role of the chief financial officer in a retail organization has changed dramatically over the past few years. Once upon a time, the retail business was fairly straightforward. You bought things in bulk and sold them in smaller quantities for more money. The cfo managed the cash receipts and held the reins on inventory levels, payroll and operating expenses. As a result of the relative simplicity, the cfo wasn’t considered vital to the ultimate success of a company. In such an operating environment, the best and brightest financial executives weren’t necessarily drawn to this industry.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"