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.
Breaking: @cushnieetochs’ co-founders @carlycushnie and @ochsmichelle are parting ways. After a 10-year run, Ochs is leaving the brand. Get the full story on WWD.com – link in bio. #wwdnews #wwdfashion
@maybelline’s Kanako Takase had snow bunnies in mind when creating the beauty look for @philipppleininternational. Playing off of the bedazzled snowboards in the collection, Takase mixed two highlighters together for a luminous sheen. #wwdbeauty #nyfw (📷: @jilliansollazzo)
“There’s a huge gap between the old way of doing things and today. It takes the youth to help evolve that. You have to count on the kids today to help lead you into the future. A lot of these retailers are stuck in the past. Communication is the biggest thing,” said @ronniefieg of @kith on the youth’s role in retail. On Monday night, Jeff Staple moderated a keynote session with Fieg and @syresmith at Assembly - a series of workshops, talks and keynotes addressing topics or issues in the apparel industry. Head to WWD.com to read more advice from Fieg and what Smith thinks of his dad @willsmith’s Instagram account and sustainability (📷: @weston.wells)
@joansmalls closed the @michaelkors fall 2018 show in black sequined pants and a varsity T printed with 19 on the front and 81 on the back. 1981 – the year Kors went into business. #wwdfashion #nfyw (📷: @giovanni_giannoni_photo)
“You think your life is going to be a certain way, and nothing you thought would happen ends up happening. Never in my wildest dreams did I think I’d be designing clothes and working with Mickey Drexler, and building something I’m deeply proud of,” said Jenna Lyons. Nine months after leaving @jcrew, Lyons is exploring the meaning of happiness. Read the interview, where Lyons talks about reinvention and more on WWD.com – link in bio. #wwdfashion (📷: Farrell) #jennalyons #jcrew