KORS RETAIL POST: Michael Kors (USA) Inc. has tapped Jaryn Bloom as president of retail, a new post. Bloom was most recently at Elie Tahari, where she held the same title and oversaw the firm’s freestanding stores and e-commerce. Previously, Bloom spent 17 years at Kenneth Cole Productions, where she became senior vice president and a member of its executive committee. She worked on developing KCP into a multibranded business and oversaw its growth from two footwear units to some 90 freestanding stores. Kors operates three Collection stores and four outlet units in the U.S. Bloom starts at Kors today and reports to chief executive officer John Idol.
UNDER ARMOUR IPO: Under Armour plans to sell 12 million shares at $7.50 to $9.50 a share as part of its planned initial public offering. Under terms outlined in an amended prospectus with the Securities and Exchange Commission, the IPO could raise more than $110 million. The fast-growing Baltimore-based company, which sells performance sportswear, innerwear and accessories for women and men, has applied for a Nasdaq listing under the symbol UARM.
WORLD BANK WARNS: An influenza pandemic could cost the global economy $800 billion in losses in a year, with $100 billion to $200 billion in the U.S., the Geneva-based World Bank warned Monday. In addition to the health-care costs, tourism and business travel “would be severely affected,” as would retail sales, Milan Brahmbhatt, lead economist for East Asia, told an international conference. Last week, President Bush requested $7.1 billion in funding from Congress to purchase vaccines and drugs to protect against a flu pandemic.
This story first appeared in the November 8, 2005 issue of WWD. Subscribe Today.