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Week in Review: Must-Know News

In Industry News, What's New by Accessories Staff

New York—Some Wall Street analysts referred to it as a “frat boy fight” this week when William Ackman, the hedge fund founder and largest shareholder in JCPenney, resigned from the board of directors after a very public dispute. Now JCPenney—which reports its second quarter next week—can devote energies to the …

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Commerce Dept: July Retail Increases The Largest Since December 2012

In Industry News, What's New by Jeff Prine

Washington—Retail sales edged up in July helped by increases in clothing and general merchandise stores, the U.S. Department of Commerce reported today. The rise was the biggest since December 2012. Sales in the so-called “core” retail sales—excluding automobiles, gas and building supplies—rose 0.5%, exceeding economists’ estimate for a 0.3% rise. …

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Emma Hill, Mulberry Creative Director, to Depart

In People, What's New by Jeff Prine

People

London—While rumors abound that designer Marc Jacob may leave his 16-year stint at Louis Vuitton and his namesake collections to become creative director at Coach, another prominent designer’s name is also being floated as a possibility for the job—Emma Hill, creative director at Mulberry. Earlier today Mulberry Group confirmed that …