Opening Ceremony Takes 1st Outside Investment
Expansion plans are already underway and could see new stores dedicated to the in-house brand.
Expansion plans are already underway and could see new stores dedicated to the in-house brand.
After a short CEO stint at David Yurman and a longer one at Urban Outfitters, Glen Senk is on the hunt for innovation in retail.
Former Urban Outfitters CEO Took a Pile of Cash When He Left: Glen Senk left Urban Outfitters without collecting his bonus, but he definitely didn't walk away empty-handed. Along with his $942,000 salary, WWD reports that Senk received a "$5,000 bonus, $3,000 in other compensation and $1.6 million in option awards." {WWD subscription required} Franca Sozzani Talks Anorexia and Fashion at Harvard: The editrix talked to Harvard students about the unfortunate role fashion plays in promoting the ideal of extreme thinness, and how it contributes to the anorexia epidemic seen in young women (and men) in several first-world societies. She says, "Why the age of supermodels, who were beautiful and womanly, slowly started decreasing and we now have still undeveloped adolescents with no sign of curves? Why is this considered beautiful?" Franca failed, however, to comment on the fact that these same "undeveloped adolescents" are prominently featured in her magazine from month to month. {Vogue.it} Claire Danes, Sofia Vergara, Michelle Dockery and Julianna Margulies Are Naked in Bed on Vanity Fair: Vanity Fair features the first ladies of primetime television in May's "Special TV Issue." They look mighty comfy in those silk sheets. {TFS}
If 2011 was hard on Urban Outfitters, what with the Navajo-undies-lawsuit and falling stock price, then 2012 is shaping up to be an even bigger challenge: Yesterday, it was announced that the retailer's CEO Glen Senk had resigned, reports WWD. It's a huge blow for the retailer, who was already losing investors’ confidence fast in 2011. Senk is very well-respected in the industry, and is credited with much of Urban's success from 2008 on, and his sudden departure from the company does not bode well for Urban's future--nor it's stock price: When news broke about his resignation yesterday, Urban's stock fell $4.15, or 14.1 percent, to $25.26.
So many people who love fashion want to be designers, stylists or editors. Sure, those jobs are all glamorous. (Sometimes.) But they're rarely lucrat
Tory Burch is determined to dominate the accessible luxury category. The company's latest tactic? Bringing in a slew of key industry players to serv