Burberry Pre-Fall 2021

Financial

Burberry Sees Comp Sales Shrink in Q3 Due to COVID, Discounting Freeze

Retail and comparative store sales suffered single-digit declines in Q3 due to lockdown, store closures, and Burberry’s decision to ditch discounting and pursue full-price sales.

clock 3hSamantha Conti

Peter Nygard

Business Features

Peter Nygård Bail Hearing Kicks Off With Many Questions

The first day of what is expected to be a two-day hearing featured many challenges from both sides.

clock 11hRosemary Feitelberg

The Rotterdam sandal from the Rick Owens x Birkenstock collaboration

Mergers and Acquisitions

Birkenstock On the Block, CVC and Permira Circling: Sources

One of the private equity firms could pay 4 billion euros for the sandal maker as pandemic dealmaking heats up.

clock 12hEvan Clark

Walmart

Retail

Marc Lore’s Imprint on Walmart’s Digital Business

Walmart’s progress connecting a large physical footprint to its growing online infrastructure is often traced in part to the Jet.com deal.

clock 13hSindhu Sundar

Charis Márquez

Retail

EBay Has Tapped Charis Márquez as Vice President of Fashion

Most recently, she was vice president, sales effectiveness at Levi Strauss & Co.

clock 13hLisa Lockwood

xinjiang chinese flag

Government and Trade

Pompeo Declares Genocide in China’s Xinjiang Province

The Secretary of State called out China for its treatment of Uyghurs in the region, which accounts for 20 percent of global cotton supply.

clock 13hEvan Clark

Michele Ghee

Media

Michele Ghee Named New CEO of Ebony and Jet

Ghee plans to relaunch digital sites on March 1, but is yet to make a decision on if print will return.

clock 14hKathryn Hopkins

Some looks from the Lego Ninjago collection.

Markets

Lego Ninjago and Hype. Team Up With Global Brands Group for Streetwear Collection

The 28-piece collection features Ts, shorts, hoodies, joggers, caps and backpacks for adults and kids.

clock 14hLisa Lockwood

Retail

Ginny Hershey-Lambert, Leading Luxury Merchant, Dies in France at 60

The luxury merchant had a major impact on the designer businesses at Neiman Marcus and Bergdorf Goodman

clock 15hDavid Moin

Balenciaga’s videogame Afterworld: The Age of Tomorrow

Human Resources

Kering Appoints a Luxury Prospective Director

Lionel Vermeil has been global communications director at Kering-owned Balenciaga since 2007.

clock 17hMiles Socha

A look from the Lee x H&M collaboration.

Business Features

Lee and H&M Join Forces for Denim Rooted in Sustainability

The two global powerhouses are trying to make consumers more knowledgeable about sustainability.

clock 20hRosemary Feitelberg

PTC

Technology

PTC Launches Version of FlexPLM Platform

The company said the latest version “premieres a transformative user interface and unleashes visual line collaboration, 3D workflows and embedded AI.”

clock 20hWWD Staff

Amazon

Technology

Amazon to Add Two Logistics Plants to Italian Network

The new hubs starting operations next fall will employ 1,100 people.

clock 21hMartino Carrera

Streetwear offerings from Dafiti for Latin America.

Business Features

Global Fashion Group’s Bet on E-commerce in Emerging Markets Finally Pays Off

E-commerce umbrella, Global Fashion Group, sells the world’s fashion brands to Russia, Latin America, Australasia and Asia. Up until COVID-19, it had been an expensive and somewhat thankless task. But this year changed everything.

clock 22hCathrin Schaer

Emma Rosenblum

Media

Media People: Emma Rosenblum of Bustle Digital Group

BDG’s chief content officer opens up about how she got into journalism, her new role, potential health, food site acquisitions and a Nylon print return.

clock 22hKathryn Hopkins

Scandit

Retail

‘Scan and Go’ Technologies Play Key Role in Contactless Retail

Christian Floerkemeier, cofounder of Scandit, discusses the role of mobile devices in meeting consumer demands.

clock 22hArthur Zaczkiewicz

Screenshots of Hermès Tmall store

Retail

Hermès Has Joined Alibaba’s Tmall, Quietly

The brand is selling perfumes, body lotions and gift boxes on Alibaba’s b-to-c platform, with 2,250 followers at the moment.

clock 22hTianwei Zhang

Mytheresa x Bottega Veneta

Human Resources

Bottega Veneta Bankrolls BA Scholarship at Central Saint Martins

The Italian brand, whose designer Daniel Lee is a CSM graduate, is covering final-year fees for three students.

clock 23hSamantha Conti

The Washington Monument and the National Mall are visible as members of the U.S. Air Force Honor Guard walk along the West Front of the U.S. Capitol.

Business Features

Security Culture Is Changing After Civil Unrest

On-site security guards, first-aid instruction and alliances with local law enforcement are some of the precautions companies are taking.

clock January 19, 2021Rosemary Feitelberg

Gauthier Borsarello

Human Resources

De Fursac Names Gauthier Borsarello Creative Director

Borsarello replaces Alix Le Naour, who held the position for a decade.

clock January 19, 2021Mimosa Spencer

Goat

Financial

Goat Secures Strategic Investment From Groupe Artémis

The investment will be used to further expand Goat’s apparel offering and new categories.

clock January 19, 2021Obi Anyanwu

Charlotte Casiraghi in Chanel's spring 2021 advertising campaign.

Human Resources

Chanel Names Kate Wylie Sustainability Chief, President of Fondation

Wylie joins Chanel from Mars Inc., where she was global VP of sustainability, with a focus on sourcing, packaging and poverty alleviation.

clock January 18, 2021Samantha Conti

young woman talking with mobile phone in shopping mall and wearing face mask protective for spreading of coronavirus(covid-19) pandemic, new normal concept

Retail

As Pandemic Continues, Retailers Need to Meet Shopper Expectations

Nikki Baird, vice president of retail innovation at Aptos, says the longer the pandemic lasts, the harder it will be to change consumer preferences.

clock January 18, 2021Arthur Zaczkiewicz

A look from the Jil Sander RTW spring 2021 collection.

Mergers and Acquisitions

OTB Confirms Interest in Buying Jil Sander

The Italian fashion group OTB is conducting due diligence on Jil Sander, confirming a WWD report in December.

clock January 18, 2021Luisa Zargani

Close-up Of A Businesswoman's Hand Analyzing Graph On Laptop At Workplace

Retail

Adaptive Fashion: Apparel Retailers Must Embrace Change in 2021

Jill Standish, of Accenture, offers retail brands some priorities for setting success this year.

clock January 18, 2021Jill Standish

Sign advertising Contactless Curbside Pickup at retail store parking lot

Retail

Curbside Pickup, Contactless Pay, Expansion of QR Codes Will Continue This Year — And Beyond

Brian Dammeir, president of North America for Adyen, shares insights into trends that will impact retail this year.

clock January 18, 2021WWD Staff

Shanghai

Government and Trade

China Full Year GDP Rose 2.3%, Retail Sales Contract

Retail sales for the year decreased by 3.9 percent, although in the fourth quarter it grew by 4.6 percent.

clock January 18, 2021Tiffany Ap

SEMrush hoodie

Business Features

Semrush Explores the Purpose of Branded Products for Employees

The company found that branded products help reinforce a company’s culture.

clock January 17, 2021WWD Staff

The New York Times podcast The Daily has grown significantly.

Media

Host of NYT Podcast ‘The Daily’ Apologizes for Actions Around ‘Caliphate’

Michael Barbaro is seen to have pressured some reporters and radio stations covering issues with another NYT podcast, overseen by his fiancée.

clock January 16, 2021Kali Hays

Carrefour

Mergers and Acquisitions

Carrefour, Couche-Tard End Acquisition Talks and Mull Partnerships

The companies are considering sharing best practices on fuel, pooling purchasing and partnering on private labels.

clock January 16, 2021Mimosa Spencer

vietnam port container crain

Financial

Fashion Dodges New Tariffs on Vietnam After Currency Investigation

U.S. Trade Representative Robert Lighthizer gave a warning, but no new duties; results of the timber investigation are still pending.

clock January 15, 2021Evan Clark

Marc Lore

Retail

Walmart’s Marc Lore to Step Down From Retailer

The Jet.com founder Marc Lore is reportedly stepping down from Walmart, whose digital infrastructure benefited from their union.

clock January 15, 2021Sindhu Sundar

Members of the U.S. National Guard walk past the U.S. Capitol Building ahead of Inauguration in Washington, D.C., on January 15, 2021, amid the coronavirus pandemic. More than 20,000 members of the U.S. National Guard are stationed in Washington in the lead up to President-Elect Joe Biden's inauguration. (Graeme Sloan/Sipa USA)(Sipa via AP Images)

Retail

Stores and Cities Prepare for Potential Civil Unrest

Retailers and city officials across the U.S. are taking precautions in advance of Wednesday’s presidential inauguration.

clock January 15, 2021Rosemary Feitelberg and David Moin

the christopher and banks web site

Financial

Christopher & Banks Closing Its 449 Stores in Chapter 11

The Minneapolis-based retailer is closing its stores and working to sell its e-commerce business through bankruptcy court.

clock January 15, 2021Evan Clark

Manish Chandra, Poshmark

Financial

Poshmark Slumps After Big IPO Increase

The thrift site’s shares gave back some of the 140 percent increase seen during Thursday’s IPO on the Nasdaq.

clock January 15, 2021Evan Clark

Retailers' ventures into financial services could test regulations that have traditionally sought to separate banking from commerce.

Retail

Walmart’s Financial Services Expansion Hits Hazy Regulatory Space

Walmart’s move gets to a regulatory space that traditionally puts barriers between banking and commerce in order to safeguard consumers.

clock January 15, 2021Sindhu Sundar

Leslie Wexner

Legal

L Brands Founder Leslie Wexner Faces New Complaints About ‘Culture of Misogyny’ at Victoria’s Secret

Shareholder complaints say Wexner knew about abuse at the hands of disgraced sex offender Jeffrey Epstein — and that it cost the company money.

clock January 15, 2021Kellie Ell

Mannequin chic store window

Financial

Christmas Retail Sales Spike for Some, But Not Fashion

Department stores and specialty retailers posted continued sales declines in December, the end of a very tough year.

clock January 15, 2021Evan Clark

Barneys at Saks, inside the Saks Fifth Avenue Manhattan flagship.

Retail

Inside Barneys at Saks: A First Look

Next on Saks Fifth Avenue’s agenda for Barneys is a freestanding Barneys at Saks store in Greenwich, Conn.

clock January 15, 2021David Moin

A look at the "Barneys at Saks" department at Saks Fifth Ave. in New York.

Retail

“Barneys at Saks” Department Unveiled at Saks Fifth Avenue in New York

clock January 15, 2021WWD Staff

Guram Gvasalia on the Cover of Forbes Georgia.

Media

Guram Gvasalia Looks Presidential on Cover of Forbes Georgia

The CEO of Vetements talks about faith, family and what he would likely have done had he remained in his birth country.

clock January 15, 2021Miles Socha

Woman in a safety mask looking at clothes in a shop. New post covid-19 normality

Business Features

Lululemon, Sephora and Gap Ranked Among Best Retailers Meeting New Consumer Expectations

The study tapped secret shoppers to evaluate almost 90 retailers and reveals common themes among top-ranking stores.

clock January 15, 2021Alexandra Pastore

online shopping

Business Features

SAP Consumer Study Forecasts Staying Shopping Behaviors Amid Recovery

The Influential Shopper report examined global consumers to determine spending with a generational lens.

clock January 15, 2021Alexandra Pastore

Portrait of a young woman doing shopping online and holding credit card in her mouth while sitting in the living room at home

Business Features

New Data Reveals U.S. Credit Card Habits, Financial Fitness

A newly released report by GigaPoints outlines U.S.-based credit card habits and emerging trends.

clock January 15, 2021Tracey Meyers

Nordstrom in New York City on Black Friday, 2020.

Financial

Retail Sales Declines Continued in December

December retail and food service sales fell a seasonally adjusted 0.7 percent from November — a sharper decline than the 0.1 percent drop economists projected.  But that official reading from the Census Bureau showed some improvement from November, when sales declined by 1.4 percent. There was also year-over-year improvement, with December sales up 2.9 percent […]

clock January 15, 2021Evan Clark

Alayo Akinkugbe's collage  for "Pioneers of the Past".

Business Features

A Vibe Called Tech Unveils Project With The North Face, Gucci Collab

“Pioneers of the Past,” a self-portrait series of global Black artists, features The North Face x Gucci collection.

clock January 15, 2021Obi Anyanwu

Chanel Connects is a new podcast series that will form part of 3.55 by Chanel.

Media

‘Chanel Connects,’ a New Podcast Series, Looks at the Arts, Pop Culture

The lineup features interviews with the National Portrait Gallery’s Nicholas Cullinan and artist Jennifer Packer, and forms part of the long-running 3.55 by Chanel podcast series.

clock January 14, 2021Samantha Conti

Poshmark

Financial

Poshmark’s Mega Market Cap

The company is giving much more established names a run for their money already.

clock January 14, 2021Evan Clark

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Essentialist

Today's Must Read

Looks from the Rapha + Outdoor Voices collaboration.

Fashion

Outdoor Voices' Ashley Merrill Says Company Is Profitable

clock 15hJean E. Palmieri

Social Studies

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