C. Douglas McMillon is picking up the reins at Wal-Mart Stores Inc., the world’s largest retailer. He takes the top job on Jan. 31, when Mike Duke steps down from his role as chief executive officer and president, according to a regulatory filing today. Duke, 63, will remain chairman of the board’s executive committee and will continue to be an employee of the company until Jan. 31, 2015. McMillon, 47, is currently president and ceo of the retailer’s international unit. He has been added to Wal-Mart’s board, effectively immediately. McMillon has led Wal-Mart International since January 2009 and will continue to serve in that capacity until he succeeds Duke as ceo. He served as president and ceo of Sam’s Club for four years before taking on his international duties. Earlier, he was executive vice president of Sam’s Club with responsibility of merchandising and replenishment for three years and senior vice president and general merchandise manager of Wal-Mart U.S. for three years. He joined the company in 1990. “Doug is uniquely positioned to lead our growing global company and to serve the changing customer, while remaining true to our culture and values,” said Rob Walton, chairman of Wal-Mart. “He has broad experience — with successful senior leadership roles in all of Wal-Mart’s business segments — and a deep understanding of the economic, social and technological trends shaping our world. “A merchant at heart, Doug has both a long history with our company and a keen sense of where our customers globally are heading next,” Walton added. Wal-Mart said it would name a successor to McMillon as ceo of Wal-Mart International by the end of its fiscal year. Duke has been president and ceo of Wal-Mart since 2009 and previously served as vice chairman with responsibility for international beginning in 2005 and as president and ceo of Wal-Mart U.S. beginning in 2003.
Mary J. Blige will be featured in ads for her friend, designer Dennis Basso. Of Blige, Basso tells WWD’s Rosemary Feitelberg, “She’s a modern day woman, extremely talented, very beautiful and she represents a powerful woman.” #wwdnews
Just In: In September, @bottegaveneta will be skipping a runway show. Instead, newly-appointed creative director Daniel Lee will make his debut for the brand in Milan next February. Lee succeeded former creative director Tomas Maier, who held the position for 17 years. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
The Gucci-Dapper Dan lineup, which launched today, reimagines archival pieces of the designer — especially tracksuits and jacket styles — in Gucci’s signature fabrics and decorative elements. Gucci leitmotifs, including embroidered dragons, bold letterings and the house’s signature green and red stripes, stand out on bomber jackets, T-shirts and tanks, in addition to tracksuits, which are offered in GG-printed nylon and velour. A new yellow Gucci logo also makes its appearance, inspired by the original sign of Dan’s Harlem store, reports @sandrasalibian. (📸: @ari_marcopoulos_official ) #wwdfashion
Candice Swanepoel’s line, Tropic of C is one of many modern, chic swimwear brands that use Econyl, a fabric made from regenerated nylon that is rescued from things like fishing nets, carpets and plastic landfills and remade into textiles for apparel and carpets. Other swim brands using Econyl include All Sisters, Mara Hoffman, Araks, Adidas and Volcom, to name a few, reports @jessiredale. Read more on sustainable swimwear on WWD.com. Styled by @elmercer (📸: @chrismiggs) #wwdnews
As the veil lifts on the topic of feminine care, modernized vagina-centric products such Queen V The Spritzer Rosewater Spray and vibrators from Smile Makers and Dame Products are growing in availability report @_a_collins and @ellenbthom. Read more on WWD.com #wwdbeauty (📸: @joshuascottphoto)
The Duke and Duchess of Sussex arrived at the Southbank Centre today for the opening day of a major exhibition examining the life of Nelson Mandela that marks the centenary of the anti-apartheid leader.
This is not the first show of royal support for the South African president. In 2015, Prince Harry visited Mandela’s Robben Island prison cell, where he was imprisoned for 18 years by the apartheid regime. Prince Harry also met with Mandela’s widow Graca Machel and toured his office. #wwdeye