Wal-Mart's experimental Store No. 8 has landed a major player in the world of e-commerce.Jennifer Fleiss, cofounder of Rent the Runway, is joining Store No. 8 to lead its first portfolio brand, Code Eight, as cofounder and chief executive officer, Wal-Mart said on Monday.Fleiss exited Rent the Runway, which in 2009 she started with Jennifer Hyman after graduating from business school. She will remain on the company's board of directors. Rent the Runway reportedly turned a profit last year when it exceeded $100 million in revenues and is said to be moving toward an initial public offering.Marc Lore, president and ceo of Wal-Mart global commerce, revealed the Store No. 8 concept at Shoptalk in March.He described Store No. 8 as an innovation hub intended to "be the force driving commerce at a time when emerging technologies are influencing all aspects of consumers' lives." Code Eight will develop one-on-one personalized shopping experiences, as the first portfolio company to be launched by Store No. 8, which has been charged with identifying technology start-ups and giving them room to grow. With Code Eight, Store No. 8 is taking the first step toward creating an innovation ecosystem where, according to the company, "new ideas can thrive outside the constraints of short-term process and profitability." It will incubate, invest in and partner with early-stage start-ups, venture capitalists and academics to innovate in areas such as virtual and augmented reality, robotics, machine learning and articulate intelligence."Jenny is a trailblazer in her field and has spent her career advancing ideas that have shaped retail as we know it," Wal-Mart said, adding that Fleiss helped Rent the Runway expand into a globally recognized brand and pioneered a new business model."Our team has a powerful vision for what retail can look like today and what it will be in the future," said Store No. 8 principals Seth Beal and Katie Finnegan. "By empowering top-level talent to lead teams and work with autonomy, were able to attract industry innovators like Jenny."Wal-Mart has a road map that will help guide the innovations it brings to market to scale over the next 18 months. Store No. 8, however, has a much longer outlook, the company has said.Since its August acquisition of Jet.com, which was founded by Lore, Wal-Mart has been amassing a portfolio of e-commerce sites, including Shoebuy, Moosejaw and Modcloth, and the retailer is said to be in advanced negotiations to buy Bonobos."With the support of Wal-Mart, Store No. 8 will play a role in the continued evolution of e-commerce," the retail giant said.
La Double J made a name for itself with its vintage-inspired prints, but for resort, designer JJ Martin has ventured into new territory: enter rich jewel toned solids and decadent embellishment, in the form of appliqués, crystals and sequins. #wwdfashion #resort19 #ladoublej
This Just In: J. Crew Group has named Johanna Uurasjarvi as its chief design officer.
Uurasjarvi succeeds Somsack Sikhounmuong, who left the company last September. Tap the link in bio for the full report. #wwdnews
“She came into my hotel room and she was like, ‘I have Chanel and Christian Dior.’ She was like, ‘Chanel likes you.’ And I was like, ‘I’m going to start crying,’” breakout star Maddie Hasson tells WWD of her styling sessions Molly Dickson. “I really like classic, elegant things. I love the way Anna Wintour dresses.” Read more about Hasson’s role in @impulseseries on wwd.com. (📸: @jgreenery ) #wwdeye
@virgilabloh revealed he's working with Australian stylist and
Vogue Australia fashion director @christinecentenera for his debut @louisvuitton men's collection, which will be presented in Paris on June 21. Centenera met Abloh while both working with Kanye West, where she consulted on his all his runway collections since his debut spring 2012 women's wear show. Read the full story on WWD.com. #wwdfashion #wwdnews (📷: @asussmanphoto)
"In order for Shudu to wear garments, she needs to be able to put them on, just like you would in the real world. You have to digitize the outfits," said Cameron-James Wilson on dressing 3-D model @shudu.gram for her WWD photoshoot with @itsclo3d. #wwdfashion (📸: @cjw.photo)
“Shudu is a digital supermodel, a very glamour and amazing woman. But she’s 3-D,” says Cameron-James Wilson, a fashion photographer and the creature of @shudu.gram. Here, Shudu wears @cushnieetochs for her debut fashion editorial. #wwdfashion (📷: @cjw.photo)
“It is the fierce female performances that came before me that made be able to clearly identify for myself what it was that I wanted to do, what kind of artist I wanted to be, what kind of films I wanted to make,” said @brielarson at the Women in Film Crystal + Lucy Awards. See more pictures from the event on WWD.com. #wwdeye (📷: Matt Baron)