GRAMICCI NAMES SALES DIRECTOR: Gramicci has tapped Matthew Kaseta as director of national and global sales, a new post. Kaseta has more than two decades of sales and product management experience at outdoor brands, most recently as director of sales for Gravis Footwear at Burton Snowboards. Before that he was senior product manager at Reebok International Ltd., preceded by regional director of sales for Bell Sports and Eastern sales manager at Specialized Bicycles. Based in South Burlington, Vt., Kaseta reports to president Marty Weening.
SAINSBURY'S STRIKES BACK: J. Sainsbury plc, the British supermarket chain that rejected an 11.4 billion pound, or $22.6 billion, bid from CVC Capital Partners earlier this week, is widely expected to ramp up its clothing offer in an effort to expand. Now that CVC has been rejected, London retail analysts said Sainsbury's would need to expand to keep the share price at the bid level of 5.82 pounds, or $11.52. Future growth will likely come from a larger nonfood offer, mainly clothing. "Both clothing lines are doing well, and they will try to ramp them up," said Richard Ratner, chief retail analyst at Seymour Pierce. "But currently they're limited by size: The stores need to be at least 35,000 square feet — just for food — before they can begin thinking about clothing." Sainsbury's, which followed its larger rivals Asda and Tesco into the fashion clothing market, has two apparel lines: Tu, a men's, women's and children's trend-driven collection, and the new Fairtrade line launched earlier this year.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)