Women's Wear Daily

Stephane Jaspar Exits Stella McCartney as Chief Marketing Officer

LONDON — One very familiar face will be missing from the Stella McCartney fall 2019 show in Paris on Monday, that of Stephane Jaspar, who has left his role as chief marketing officer of the brand. “We all wish Stephane a bright and brilliant future, and feel so grateful for all he contributed over the years. We wish him much love and success,” said McCartney. The Manhattan-based Frenchman joined Stella McCartney in 2003, two years after the designer launched her eponymous fashion house as a 50-50 partnership with the group now known as Kering. Over the years, Jaspar worked closely with McCartney and with the chief executives who ran her business, including Marco Bizzarri, who is now leading Gucci, and Frederick Lukoff, the current president and ceo. With his sharp wit and business sense, Jaspar promoted the brand through years of growth and expansion, including the launch of myriad product categories, fragrances, men’s wear, a deal with Adidas and store openings across the globe. He was by McCartney’s side on the sustainability front, too, helping to support the designer’s eco-friendly, leather- and fur-free sourcing and supply-chain strategies and the creation of an environmental profit-and-loss account. He also worked closely with McCartney as she announced her decision

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Fall in Full Swing at New York Women’s Trade Shows

DESIGNERS AND AGENTS BRAND: AVN DESIGNERS AND OWNERS: Husband-and-wife duo Caterina Serena and Gianfilippo Gherardi. BACKSTORY: The two partners launched AVN five years ago in Bologna, Italy. Everything is made in Italy and the idea behind the brand is streetwear, that’s cool for young people. Gherardi’s family has been in the fashion business for 40 years with the brands Ter et Bantine and Hache, designed by Gherardi’s mother, Manuela Arcari. During their summer vacation at their St. Barts villa, called Avalon, they decided to come up with a new brand. AVN is an acronym for Avalon. KEY PIECES: The pink puffy coat, used scarves featured on tops and pants, and several patchwork looks. WHOLESALE PRICES: Prices range from $200 for pants and skirts up to $400 for the puffer coat.   DESIGNER AND AGENTS BRAND: Hansel from Basel DESIGNER and OWNER: Hannah Byun BACKSTORY: “I grew up loving ‘The Sound of Music,’ and I always called myself Hansel from Basel. I like things that are charming and quirky,” she said. She started the business in 2007 with women’s legwear and added kids and men’s wear. Her father had a sock factory in California and she grew up around sock machines. “I loved to see how they were made. Eventually he

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Nordstrom Reports Challenging Fourth Quarter With Softness in Women’s

Nordstrom, getting a lift from lower corporate taxes, reported that its fourth-quarter net earnings rose to $248 million compared with $151 million during the same period in fiscal 2017. Nevertheless, executives were disappointed by the outcome in earnings before interest and taxes, which slipped to $333 million in the period ended Feb. 2, 2019, compared with $350 million for the same period in fiscal 2017. They were also disappointed by trends in the full-line business and in particular most of the women’s, which slowed abruptly in the fourth quarter, but said they were able to manage expenses and inventories well to deal with the issues and planning incremental savings of $150 million to $200 million this year. Nordstrom is also promising better profits in 2019, projecting per-share earnings of between $3.65 and $3.90, compared to the $3.32 reported for 2018. Nordstrom expects modest sales growth this year of 1 to 2 percent. Net revenues came to $4.48 billion versus $4.7 billion in the year-ago quarter. Full-price comparable sales decreased 1.6 percent, primarily driven by softer traffic trends in full-line stores, while off-price sales showed continued momentum with a comp-sales increase of 4 percent. Comparable sales overall increased 0.1 percent. Gross profit as a percentage of

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