As if it weren’t already obvious, several recent moves by Wal-Mart Inc. further underscore the retail giant’s focus on e-commerce and digital, where sales in the second and third quarters, jumped 50 and 60 percent, respectively.
Wal-Mart on Jan. 11 said it will close 63 Sam’s Club stores, which is about 10 percent of the fleet, an announcement that almost got lost in the news that same day about the retailer’s plans to raise the hourly wage of full-time sales associates to $11.
Exclusive: @tommyhilfiger has tapped 22-year-old actress @zendaya to be his newest collaborator and together they will launch a see-now-buy-now collection in February. Speaking to WWD about the project, the Spider-Man actress said: “Fashion is more than just wearing cool clothes. It’s a way to celebrate self-expression and individuality, which is extremely empowering. This is why I am proud to partner with Tommy Hilfiger.” Tap the link in bio for the full scoop. #TommyXZendaya #wwdfashion
Fashion is facing a blistering pace of technology, a complex economic backdrop, and shifting social mores, priorities, and lifestyles. WWD's annual CEO summit on Oct. 30 and 31, will be the meeting place for some of the sharpest minds in the business who will address how these forces affect a consumer. Speakers this year include Antoine Arnault, Virgil Abloh, Gabriela Hearst, and Olivier Rousteing. Tap the link in our bio to find out more. #wwdceosummit