Francesca’s Holdings Corp. warned of an accelerated decline in sales, leading its stock to fall sharply.Shares of the trendy national mall boutique fell more than 11.9 percent to $7.03 in trading Monday, hitting an all-time low for the company, after president and chief executive officer Steve Lawrence said the back-to-school season “has been off to a very challenging start.”Lawrence added that preliminary comparable-store sales for the quarter ended July 29 fell 3 percent from the same quarter last year and said “comparable sales have further decelerated from July.”The company is set to release full financial results Sept. 6.Francesca's is also parting ways with its executive vice president and chief merchandising officer Laurie Hummel, who had been in the position since November 2015.The company declined to specify if Hummel is headed to another company, but said a search is underway for her replacement.Hummel held executive merchandising positions for Kohl’s, Stage stores and worked almost a decade for Macy’s before joining Francesca’s.In the interim, the remaining merchandising team will report to Lawrence.“We have a lot of talent on our merchandising team and are confident in their ability to execute our strategy as we search for a new chief merchant,” Lawrence said.Mall-based retailers have been heavily impacted by declines in foot traffic and rapid changes in shopping habits in recent years.BCBG Max Azria, The Limited, Rue 21 and True Religion all filed for bankruptcy in the first part of this year, while numerous other retailers have decided to collectively close hundreds of stores.Bebe is one retailer that managed to stay out of bankruptcy court by cutting deals with landlords, but the company is now operating only online.For More, See:L Brands Stock Dives on Continued Victoria’s Secret DeclineAmazon Stock Bruised After Trump Says It’s Harming RetailersUrban Outfitters CEO Says ‘Execution’ to Blame for Poor Q2 Performance
For its next men’s wear collection, @roberto_cavalli will show as a special guest at #PittiUomo, running from June 12-15. The brand, which has Florence in its roots, will relaunch its men’s wear collection, which will be presented separately from women’s wear for the first time since Paul Surridge was appointed creative director in May. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech at the @sxsw conference for @createcultivate, the online platform and conference series for women. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.