FROM H&M TO EB?: Fabian Mansson, former chief executive officer of Hennes & Mauritz, has emerged as the lead candidate to head up Eddie Bauer, sources said Wednesday. He would succeed Richard T. Fersch, who retired from the Seattle-based retail and...
FROM H&M TO EB?: Fabian Mansson, former chief executive officer of Hennes & Mauritz, has emerged as the lead candidate to head up Eddie Bauer, sources said Wednesday. He would succeed Richard T. Fersch, who retired from the Seattle-based retail and catalog firm last January, as president and ceo.
Bauer, a division of Spiegel, has been grappling with design directions and difficulties connecting with consumers for several seasons, and has recently been closing more stores than its been opening. Responding to the report, a Spiegel spokeswoman said: "We have not hired anyone yet. It’s premature to say that we’ve successfully filled the job."
While Bauer tends to be more classic and casual than trendy young H&M, Mansson’s broad experience at the Swedish chain is well suited for the troubled Bauer. He rose up the ranks of H&M in the Nineties, serving as a controller and a merchant, and became ceo in 1998. He left in 2000 following a drop in earnings.
Likewise, Fersch left Bauer just when that business was tumbling. But he is credited with growing the brand into an international, tri-channel retailer, with sales increasing from $900 million to more than $1.6 billion. Bauer officials could not be reached.
A BIGGER DROP: Rabid downtown shoppers have another stop: Big Drop, the SoHo boutique at 174 Spring Street and purveyor of hip brands like Seven, Joie and Rebecca Taylor, is opening a second outpost Friday, just around the corner at 425 West Broadway between Prince and Spring Streets. The new, larger location (1,500 square feet) features cutting-edge designers like Development, Ya-ya, Petrozillia and Martin, while the old store, which is 1,200 square feet,will continue to develop less-established labels.
Breaking: @cushnieetochs’ co-founders @carlycushnie and @ochsmichelle are parting ways. After a 10-year run, Ochs is leaving the brand. Get the full story on WWD.com – link in bio. #wwdnews #wwdfashion
@maybelline’s Kanako Takase had snow bunnies in mind when creating the beauty look for @philipppleininternational. Playing off of the bedazzled snowboards in the collection, Takase mixed two highlighters together for a luminous sheen. #wwdbeauty #nyfw (📷: @jilliansollazzo)
“There’s a huge gap between the old way of doing things and today. It takes the youth to help evolve that. You have to count on the kids today to help lead you into the future. A lot of these retailers are stuck in the past. Communication is the biggest thing,” said @ronniefieg of @kith on the youth’s role in retail. On Monday night, Jeff Staple moderated a keynote session with Fieg and @syresmith at Assembly - a series of workshops, talks and keynotes addressing topics or issues in the apparel industry. Head to WWD.com to read more advice from Fieg and what Smith thinks of his dad @willsmith’s Instagram account and sustainability (📷: @weston.wells)
@joansmalls closed the @michaelkors fall 2018 show in black sequined pants and a varsity T printed with 19 on the front and 81 on the back. 1981 – the year Kors went into business. #wwdfashion #nfyw (📷: @giovanni_giannoni_photo)
“You think your life is going to be a certain way, and nothing you thought would happen ends up happening. Never in my wildest dreams did I think I’d be designing clothes and working with Mickey Drexler, and building something I’m deeply proud of,” said Jenna Lyons. Nine months after leaving @jcrew, Lyons is exploring the meaning of happiness. Read the interview, where Lyons talks about reinvention and more on WWD.com – link in bio. #wwdfashion (📷: Farrell) #jennalyons #jcrew