Former CEO Mark Lee will move to the position of executive chairman.
While the recent tragedies in Bangladesh's garment factories are a reminder of how far the retail industry has to go in terms of reform, it's important to highlight those rare stories of fashion brands that do support the communities they work in. The latest project from Maiyet, the creation of a state-of-the-art weaving facility in Varanasi, India, to preserve the ancient silk-weaving tradition there, is one such story.
The Barneys New York bi-annual warehouse sale is the stuff of legends, and easily one of the most anticipated shopping events in NYC every August and February. But now you can get deals on designer duds all year round, minus the aggressive shoppers throwing elbows at you: Barneys just announced it's launching a full time off-price website.