NEW YORK — Industry odds are on Ann Taylor Stores Corp. picking an insider to run the Ann Taylor Stores division — and soon. That’s because outsiders just don’t seem to work out there, no search firm has been retained and there’s a sense of urgency at the troubled chain.
According to sources, Kay Krill, president of the smoother-running Loft division, could be reassigned to oversee both divisions, continuing to report to J. Patrick Spainhour, chairman and chief executive officer of the $1.4 billion corporation. The company doesn’t want to lose her at Loft, considering that chain has been on a growth track, but they need a strong merchant at Ann Taylor Stores as well.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)