Bigger, Badder Black Friday
Retailers are trying their best to top all other retail promotions this year with the biggest Black Friday yet. New store hours and online mobile tactics are being added to the traditional package of holiday coupons, discounts and doorbusters. Growing worries over the global economy, continued high unemployment, higher prices at retail and now oil prices that have again breached $100 a barrel are all contributing to an uncertain environment as the holiday shopping season approaches.
“Stores have been increasing their hours steadily each year. It just spreads the business,” said managing director of retail strategies at Kurt Salmon Associates Arnold Aronson. “I don’t think the extra hours everybody is doing is that incremental. People have pretty much decided how much they are going to spend in advance of shopping.” Aronson suggested that “By spreading the traffic across more operating hours, it gives retailers a chance to provide better service on the selling floor.”
Tom Casey Leaves America Apparel
And another person jumps the sinking ship. Tom Casey has resigned as acting president of American Apparel, effective Nov. 18. His exit is two months shy of his original 15-month employment agreement that he signed when he joined the Los Angeles-based retailer in October 2010, and comes on the heels of two other high-profile departures from the company since last month.
Dov Charney, chairman and chief executive officer of American Apparel, declined to elaborate on Casey’s departure when reached by phone. He also declined to say whether the president position would be refilled. “We have a large management team,” he noted. “I wish Tom Casey the best.”
Valentino’s Online Museum
Valentino and his long-term business partner Giancarlo Giammetti have mapped out their next career — Internet pioneers. The duo is getting ready to launch the Valentino Garavani Virtual Museum, a downloadable desktop application and the first of its kind from a designer of that caliber. Today, valentino-garavani-archives.org will go live, offering a short video teaser of the extensive, multitiered project. It will officially launch on Dec. 5 and give access to the world of the designer.
The site will focus on 50 years of Valentino’s work. It will feature three-dimensional technology that makes the experience seem almost like a real museum visit, with rooms structured to resemble a museum and its various wings and galleries that if physically real, would cover more than 107,500 square feet of exhibition space. The virtual museum will feature more than 300 dresses. It is realized with the support of Valentino SpA, which owns the actual archive though the dresses are at the designer’s disposal. The selection on display includes many of Valentino’s most iconic fashion moments.
– Taneisha Jordan
Source & Photo: WWDSee the Top Ten Summer 2016 Trends for Women Over 40