LACY DEPARTING SEARS: Alan Lacy, vice chairman of Sears Holdings Corp., has decided to leave the company on July 29 and also resign from the boards of Sears Holdings and Sears Canada. "Under Alan's leadership, Sears, Roebuck took the steps necessary to create a more competitive company," Sears Holdings chairman Edward S. Lampert said in a statement. "Most importantly, he recognized that the merger of Sears and Kmart would be a powerful opportunity to significantly improve the strategic and financial position of both franchises." Lacy became vice chairman in September 2005, after serving as chief executive officer of Sears Holdings, which includes the Kmart chain, and before that ceo for Sears, Roebuck. Lacy joined Sears as senior vice president, finance, in 1994 and became executive vice president and chief financial officer the following year. He was appointed president, Sears Credit in 1997, helped sell off that division, and served as president, services, before becoming ceo.
LAUDER TALKS TURKEY: The Estée Lauder Cos. has established a wholly owned affiliate in Turkey. The Istanbul-based firm, called ELCA Kozmetik Ltd. Sti., was officially opened July 1. ELCA Kozmetik is headed by Ahmet Ramiz, general manager, and the company employs about 300 people. Ramiz was formerly general manager of Vepa Velar, which had been New York-based Lauder's exclusive distributor in Turkey.
TALBOTS OUTLOOK: Talbots updated its second-quarter outlook on Tuesday with an estimate that is ahead of Wall Street consensus. The company said its integration effort to combine the Talbots and J. Jill brands is ahead of schedule, with cost-saving synergies projected to be more than $30 million. The original estimate was $25 million. The company also said it expects a second-quarter, diluted-per-share loss of between 8 cents and 10 cents a share, including acquisition costs, compared with the Wall Street consensus of a 10 cent loss. The retailer previously said it expected a loss of between 5 cents and 15 cents.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty