SHIFT AT WAL-MART?: A week after naming John Fleming as chief merchant, Wal-Mart might be about to further shake up its top U.S. management team. Advertising Age said Tuesday that it obtained an internal memo suggesting that Eduardo Castro-Wright, president and chief executive officer of Wal-Mart U.S. and formerly ceo of Wal-Mart de Mexico, might be shifted to an international role. C. Douglas McMillon, now ceo of Sam's Club, would take the top operational role at Wal-Mart U.S. McMillon, 40, has a merchant's background and has overseen a period of improved same-store sales at Sam's Club. The published report also suggested that Pat Curran, now executive vice president of store operations, could become ceo of Sam's Club. The company did not return a call seeking comment. Wal-Mart is holding its annual meeting of all its store managers and senior executives in Kansas City, Mo.
YOOX EYES IPO: Italian retailer Yoox plans to go public next year, joining the ranks of other fashion IPO candidates Prada and Salvatore Ferragamo. Yoox has been mulling an initial offering for a few years, but the timing wasn't finalized. A spokeswoman said the firm hadn't decided which stock exchange it would choose for its listing. Yoox, which operates in 55 countries, sells a vast range of designer brands such as Giorgio Armani, Diesel, Jil Sander, Prada, Comme des Garçons and Marc Jacobs. Last year, it teamed with Marni to help the fashion house open its first online store. Yoox has yet to release 2006 figures, but sales in 2005 rose 47 percent, at constant exchange rates, to 53 million euros, or $63 million.
RALPH TO RUSSIA: Ralph Lauren Corp. disclosed more details on Tuesday about its two Moscow flagship openings this spring, which were first reported in WWD in October. The 8,000-square-foot flagship at 1 Tretyakovsky Passage will be housed in an historic building with features such as a brick facade, honed French limestone and vaulted and molded ceilings. The unit, which offers women's and men's wear, also boasts an iron and glass elevator and a French limestone staircase. Its first and second floors offer a mix of women's lines, with a focus on the designer's Collection, Black Label, Blue Label and accessories. The second, 6,000-square-foot store will open in the Barvikha Luxury Village, in an area that was once the hunting grounds of tsars and located about 30 minutes from central Moscow. The store resembles a ski lodge in its feel, and its assortment will focus on women's Black Label, Polo for men and RLX for both.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews