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30 Mar

Pondering the Way forward for Macy’s Amid Leadership Changes

by Beauty Tips
Fashion, Featured
Pondering the Way forward for Macy’s Amid Leadership Changes
Can Macy’s be truly modernized for a greater future? As industry pundits and experienced retailers see it, Tony Spring, the brand new Macy’s Inc. president who is about to succeed Jeff Gennette in February 2024 as chief executive officer, has a formidable task ahead — getting it together on the Macy’s brand. RELATED: Macy’s Discloses Tony Spring and Adrian Mitchell Compensation Packages Under Gennette, Macy’s has already undergone major change. It’s develop into more agile post-pandemic; data-driven; less glutted by inventory; prepared to chase fashion trends, and has streamlined management and shed about 80 weak stores, restoring its relevancy. All good. However the standards at many stores have to be raised. The Market by Macy’s specialty stores and online marketplace formats, in addition to...
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22 Dec

Liu Jo, Blumarine Owner Still Pondering Group IPO

by Beauty Tips
Fashion, Featured
Liu Jo, Blumarine Owner Still Pondering Group IPO
MILAN — An IPO remains to be within the cards for the owner of Liu Jo and Blumarine, EIH Eccellenze Italiane, because the group, which also owns a minority stake in retailer Coin, keeps evaluating market conditions. In an interview with WWD, founder and president of the board Marco Marchi pointed to robust growth for the conglomerate, spurred by customer loyalty to the Liu Jo contemporary brand and the successful creative shift at Blumarine. Hiring Moncler SpA alum Paola Durante as general manager for Liu Jo last June suggested a renewed interest to go public for Marchi, who had originally planned an inventory of Liu Jo in 2018, a project that the entrepreneur has said was postponed due to unfavorable market conditions. The manager...
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