Fossil Group Inc.’s stock shot nearly straight up Wednesday as better sales and some smartwatch traction brought some investors back into the fold (and had others who bet against the firm scrambling to cover their “short” positions).
But chairman and chief executive officer Kosta Kartsotis still has plenty of hearts and minds to win over in the world of wearable tech. In addition, Fossil has giant smartwatch competition from Apple to contend with, as well as all the ills of retailing — the company is closing about 60 stores this year, giving up $60 million in sales, but also offloading roughly $10 million in losses.
The iconic Tiffany & Co. Fifth Avenue flagship will have a whole new look come 2021, reports @mistywhitesidell . The 10-story store is being expanded and renovated under the vision of chief artistic officer, Reed Krakoff. #wwdnews
“I feel like the [Emmy] nomination is this absurdly generous bonus to something that I’ve already been excited by for quite some time now,” Darren Criss tells @ktauer about his nomination for his role as Andrew Cunanan in The Assassination of Gianni Versace: American Crime Story, “My general attitude toward life is I hope for everything but expect nothing. But when you’re playing for the Warriors, there’s a good chance you’ll make it to the championships. And I’m not saying I’m Steph Curry, but when you’re on [showrunner] Ryan Murphy’s team, it seems more palpable than ever,” he continues. (Criss previously starred on “Glee,” another Murphy creation, although they didn’t directly work together.) “I feel like I’ve already won the lottery.” Read more in WWD.com (📸: @lexieblacklock ) #wwdeye #darrencriss #americancrimestory #emmys2018