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.
@fearofgod and @maxfieldla have teamed up on a pop-up installation. The store, located in the gallery space across from Maxfield’s Melrose Ave location, is the site of the brand’s House of God pop-up in which Fear of God founder @jerrylorenzo has created a church-inspired installation. A dozen vintage church pews sit in front of an LED screen playing 90s gospel singers in an effort to re-create an environment akin to a Southern Baptist Church, Lorenzo explained. Read more about the pop-up on WWD.com #wwdfashion (📷: Jennifer Johnson)
Known for his sleek, sophisticated American glamour, Norman Norell is the subject of an upcoming exhibition at @fitnyc. “Norell: Dean of American Fashion,” which runs from February 9 through April 14, will feature approximately 100 ensembles and accessories. His best work is exemplified by the designer’s glittering “mermaid” gowns frosted with thousands of hand-sewn sequins – like the one pictured. (📷: William Helburn) #wwdfashion
For pre-fall 2018, @balmain didn’t let go of the glitz. A crystal embroidered baseball jacket priced at around $40,000 hangs in the “couture” section of the brand’s first men’s pre-collection. Sporting the words “Balmain Army” across the back, the item took around two months to make. “When it was completed, it was like Christmas, it was like, ‘It’s done, it’s exactly what I wanted,’” said Balmain’s creative director @olivier_rousteing during a tour of the collection in a Paris showroom on Monday. #wwdfashion
Eighty degree temperatures and outdoor installations at the annual Art Basel Miami Beach called for bright, elevated beachwear. See more street style pictures on WWD.com. #theyarewearing #ABMB (📷: @lifeinreverie)
Following September’s emotional tribute to her brother Gianni, Donatella Versace wanted to bring the spring show’s deep sense of intimacy to her @versace_official pre-fall collection. Donatella found inspiration in Versace Palazzo in Milan and from Gianni’s opulent apartment. Archival patterns and new motifs were splashed on silk shirtdresses and fitted jersey frocks. See the rest of the photos on WWD.com. #wwdfashion
Demna Gvasalia continues to shake up the Paris fashion calendar — and experiment with new runway timetables for his @vetements_official brand. WWD has learned that Vetements plans to stage its next coed show for the fall 2018 season on January 19 during Men’s Fashion Week in the French capital. Details about the timing and venue have not been confirmed — stay tuned on WWD.com to catch the latest. #wwdnews (📷: @giovanni_giannoni_photo)
@zacposen's go-to holiday gift? Cookies! "I'll usually bake cookies and send them as a gift," said the designer, who recently released his cookbook "Cooking With Zac: Recipes from Rustic to Refined." Get the recipe for his Brown Butter-Chocolate Chip Cookies via link in bio 🍪🍪🍪 #wwdeye #cookingwithzac
For @monsemaison’s pre-fall 2018 collection, Fernando Garcia and Laura Kim honed in on the brand’s many signatures — men’s wear, which was tweaked and feminized through deconstruction, proportion play and lots of bare shoulders. See the rest of the photos on WWD.com #wwdfashion (📷: George Chinese)
On Friday night, @yohjiyamamotoofficial received the Design for Asia Lifetime Achievement Award in Hong Kong. The 75-year-old designer has been celebrated for many years and is best known for his dark and avant-garde tailoring. “In my long career, in design, architecture, [I’ve been to] so many parties, this is the very first time that I have such a warm feeling, I really appreciate this,” Yamamoto said. #wwdfashion (📷: @dominiquemaitre)