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.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)