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The Gap comeback that might actually be working
  + stars: | 2024-10-02 | by ( Cathleen Chen | ) edition.cnn.com   time to read: +21 min
Designer Zac Posen — now creative director at Gap Inc., at the Vanity Fair Oscar party in March 2024. Danny Moloshok/ReutersSince 2014, the Gap brand has nearly halved its presence in North America, going from 968 stores in the market to 472 as of February. It makes up about 20% of overall Gap Inc. revenue, while Old Navy accounts for more than half. Before Gap, Posen was on track for a similar trajectory to Mizrahi’s. They started by redefining the positioning of each brand: Gap as a pop culture brand.
Persons: CNN — Zac Posen, Richard Dickson, Posen, Donald, Doris Fisher, Mickey Drexler, Drexler, Uniqlo, Zac Posen —, Danny Moloshok, Sonia Syngal, Dickson, Barbie, Troye Sivan, Da’vine Joy, Anne Hathaway, ” Posen, won’t, Zac, Isaac Mizrahi, , Gabriella Santaniello, Mizrahi, Zac Born, Saint Ann’s, Lola Schnabel, Julian Schnabel, Lena Dunham, Nicole Miller, Naomi Campbell, Grimm, , Da'Vine Joy Randolph —, Jamie McCarthy, Yucaipa, Ron Burkle, Sean Combs, Zac Posen, Neiman Marcus —, Zac Posen — that’s, Zac Posen’s, it’s, Paco Rabanne, Patrick Robinson, Ye, Julie Gilhart, Gilhart, ” Dickson, Bernadette Peters, , Harrison Ball, Ryan Murphy, ’ ”, TJ Maxx, Kennedy, Anne Hathway, Pietro S, Robert, William Fisher, didn’t, Mark Breitbard, Horacio Barbeito, Chris Blakeslee, Goodman, Stephanie Keith, Da’Vine Joy Randolph’s, Sivan, Hathaway, Julia Fox, influencer, Lee Peterson, hasn’t Organizations: The, Fashion, CNN, Old Navy, Inc, New Yorker, Gap Inc, Navy, Banana, Reuters, Mattel, Hollywood, Xcel Brands, QVC, Saint, Metropolitan Museum of Art, Central Saint Martins, New York Times, Centric Brands, Barneys, New York City Ballet, Swans, Disney, rockstar, Old, America ., Collins Group, Vogue, Bloomberg, Council of Fashion Designers of America, New York, Dôen Locations: Posen, San Francisco Bay, New, Banana Republic, Athleta, San Francisco, Oxford, Zara, North America, Asia, China, Republic, New York City, American, London, Bloomsbury, Balthazar, SoHo, Rome, Italy, New York, America, America . Banana
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe price of clothes has gotten out of hand, says Fmr. Crew CEO Mickey DrexlerMickey Drexler, Drexler Ventures founder, former J. Crew CEO, former Gap CEO, joins 'Closing Bell Overtime' to talk the state of the consumer, impact of inflation, and more.
Persons: Mickey Drexler Mickey Drexler Organizations: Drexler Ventures, Crew
CNN —For a brief moment, one German man achieved his dream: his artwork hanging in a famous museum. After security discovered the newest addition to the museum’s collections, they promptly took down the display and the man was fired. “The supervisors notice something like this immediately,” Tine Nehler told Süddeutsche Zeitung. This means that the public prosecutor’s office will now decide what happens,” Christian Drexler, chief superintendent of the Munich Police, told CNN. The man was banned from the museum as part of his termination agreement, Süddeutsche Zeitung reported.
Persons: , , ” Tine Nehler, , ” Christian Drexler, ” Drexler Organizations: CNN, Süddeutsche Zeitung, Munich Police, Security, Staff Locations: Munich, Germany, Bonn
Fran Horowitz, Abercrombie & Fitch CEO: The future of retail is small, efficient, omni stores, and they're located where the customer tells us. I get really, really excited about what this means in the operations of the business, using predictive analytics to help us forecast demand. They're worldwide, a zillion stores, and their operations and execution, aside from their merchandising, I think they're always on top of the game. I think you're going to see an interaction with someone in a setting that doesn't look like retail, but looks like a fantastic experience. Nicholas of Sam's Club: Another retail standard that is really going to be important beyond the customer is energy.
Persons: Christina Locopo, Fran Horowitz, Abercrombie, Patrick MacLeod, WWD, Michelle Gass, Levi Strauss, they're, Jens Grede, Geoffroy van Raemdonck, Neiman Marcus, there'll, Trina, Patrick T, Fallon, Chris Nicholas, Kara Trent, Levi's Gass, Tom Ward, Erin Black, CNBC Abercrombie's Horowitz, Marc Lore, Mickey Drexler, TikTok, Adam Jeffery, Dave Kimbell, It's, Scott Mlyn, CNBC Neiman's van, you've, Yael Cosset, , Ulta's, Arturo Holmes, Trent, That's, we've, Kroger's, Abercrombie's Horowitz, I've, Dia Dipasupil, Neiman's van, who's, Lulu, Drexler, Armour's, Dior, Louis Vuitton, Hermes, Armour Levi's Gass, Emma Grede, Kardashian, Kim, Geoffroy van Raemdonck Patrick Mckleod, Nicholas of Organizations: CNBC, Abercrombie, Fitch, Abercrombie & Fitch Co, Penske Media, Getty, Milken Institute Global Conference, AFP, Sam's, Technology, Walmart U.S, Walmart, New York Times, Navy, WWD, Young, Nike, TJX, Zara, Armour's Trent, Americas, Nicholas of Sam's, Sam's Club Locations: they're, Beverly Hills , California, New York City, America, New York, U.S, Skims, Inditex, Kara, Walmart's
But he was wrong, and on Tuesday night, Orlando retired O'Neal's No. “Shaq put the Orlando Magic on the map. 32 retired by the Miami Heat — is the third player to have his jersey retired by three franchises, joining Wilt Chamberlain and Pete Maravich. O’Neal left Orlando after the 1995-96 season for the Lakers, having played 295 regular-season games with the Magic. “This is where it all started,” O'Neal said.
Persons: — Shaquille O'Neal, Orlando's, O'Neal, Orlando, I’ve, They've, Alex Martins, “ Shaq, ” O’Neal —, Wilt Chamberlain, Pete Maravich, Maravich, ” O'Neal, , Kareem Abdul, Jabbar, Clyde Drexler, Julius Erving, Elvin Hayes, Bob Lanier, Moses Malone, Earl Monroe, Dikembe Mutombo, Oscar Robertson, Nate Thurmond, Charles Barkley —, Barkley, Bill Russell’s, Adam Silver, Michael Jordan, Kobe Bryant, O’Neal, Dennis Scott, — O'Neal, Orlando —, ___ Organizations: Star, O'Neal's, Orlando Magic, of Fame, Los Angeles Lakers, Miami Heat, Philadelphia 76ers, Golden State Warriors, Lakers, Atlanta Hawks, Utah Jazz, New Orleans Pelicans, Jazz, LSU, Turner Sports, NBA, Boston, Orlando Locations: ORLANDO, Fla, Orlando, New Orleans, Miami, Kobe
There is one question, in particular, you should "never" ask an employer, says Bert Bean, CEO of the staffing firm Insight Global: "What's the work-life balance for this role?" With this question, he explains, "You risk sending the wrong message about your career aspirations to a future employer." Asking hiring managers about the company's work-life balance can create an impression that you aren't engaged, reliable or committed to the role. "Your future employer shouldn't dictate to you what your boundaries should be." There are other ways to determine a company's approach to work-life balance outside of the interview.
Persons: Bert Bean, Bean, Barry Drexler, Mary Gleason, Drexler, you'll, Arthur C, Brooks Organizations: Insight, CNBC, Summit
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlack Friday 'is a race to the bottom', says Alex Mill chairman Mickey DrexlerMickey Drexler, Alex Mill chairman and former J.Crew CEO, joins 'Squawk Box' to discuss this year's Black Friday and Cyber Monday spending, strength of the American consumer, holiday shopping season preview, and more.
Persons: Alex Mill, Mickey Drexler Mickey Drexler
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEveryone seems 'nervous' about economy, says former J. Crew CEO Mickey DrexlerMickey Drexler, former J. Crew Group chairman and CEO, joins 'Squawk Box' to discuss the current state of the consumer, what's working in the retail sector, and Drexler's thoughts on LVMH.
Persons: Mickey Drexler Mickey Drexler Organizations: . Crew
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlex Mill chairman Mickey Drexler on state of the consumer, impact of inflationMickey Drexler, Alex Mill chairman and former J.Crew Group chairman and CEO, joins 'Squawk Box' to discuss the state of the consumer, the impact of inflation on consumer spending, retail outlook, and more.
Persons: Alex Mill, Mickey Drexler Organizations: J.Crew
New York CNN —Gap has named a new CEO, from toy giant Mattel, nearly a year after its previous leader departed. The retailer announced Wednesday that Richard Dickson, currently Mattel’s president and chief operating officer, will assume the position. First the president of the Gap division and later CEO of the company beginning in 1995, Drexler pushed Gap to expand beyond jeans into khakis and oversaw the creation of the budget-chain Old Navy in 1994. It doesn’t help that Old Navy and Banana Republic are also struggling, adding to Dickson’s challenges. In short, being CEO of Gap is not for the faint of heart,” Saunders said.
Persons: Richard Dickson, He’s, Dickson, ” Dickson, Barbie, Neil Saunders, GlobalData, , Chris Blakeslee, Alo Yoga, West, Sonia Syngal, Mickey Drexler, Drexler, Paul Pressler, Glenn Murphy, Peck, Syngal, ” Saunders Organizations: New, New York CNN, Mattel, Jones New, Warner Bros, CNN, Athleta, Republic, Kanye West, Navy, Disney, Gap, Banana Republic Locations: New York, Jones New York, Zara, North America, Peck
Haney founded the activewear brand in 2013 and stepped down as CEO in 2020. She founded Outdoor Voices in 2013 as a direct-to-consumer activewear apparel brand catering to everyday women who participate in recreational activities like jogging and leisure hikes. Outdoor Voices had raised $64 million in funding, reached a $110 million valuation, and gained a cult following of millennial women. Tyler Haney founded the activewear brand Outdoor Voices in 2013. Haney and Outdoor Voices did not immediately respond to Insider's request for comment.
Persons: Tyler Haney, Haney, , Guy Raz, Mickey Drexler, Rick Kern, Emily Weiss, Away's Jen Rubio, Gabrielle Conforti Organizations: Service, OG, Outdoor, Getty, New York Times, Outdoor Voices, Urban Outfitters, TechCrunch
Meet Insider's lineup of up-and-coming talent in the world of equity research. The group hails from JPMorgan, Morgan Stanley, Goldman Sachs, and other top Wall Street firms. Lizzul is one of Insider's equity-research rising stars for 2023, a group of 17 up-and-coming research analysts covering a range of sectors, including energy and cybersecurity. To qualify for the list, analysts had to be 35 or younger, based in the US, working in sell-side equity research at a Wall Street firm, and producing work that stood out from competitors. Here is Insider's 2023 list of the top up-and-coming stars of equity research on Wall Street:
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Crew CEO Mickey Drexler on Alex Mill outlook, retail competition and earningsMickey Drexler, Alex Mill chairman, joins 'Closing Bell' to discuss the state of retail, competition in the sector and gives his outlook on Alex Mill.
Opinion: Top secrets come spilling out
  + stars: | 2023-04-16 | by ( Richard Galant | ) edition.cnn.com   time to read: +16 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Writing for CNN Opinion, Rep. Justin Pearson noted, “This should be a chastening moment for revanchist forces in Tennessee’s legislature and across the country. Over the long haul, the undemocratic machinations employed to oust us from office are destined to fail. Dr. Martin Luther King, Jr. once famously said that the moral arc of the universe bends toward justice. “As a Jewish historian,” Perry wrote, “I worry about the tension between preserving the memory of past hardships while not locking our entire history into a tale of oppression.
Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. Others went through management-training programs operated by department stores. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.
Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. David Swanson/ReutersOf course, times have changed — in the past, many retail CEOs got their start at the store level. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlex Mill CEO Mickey Drexler on retail: I am not very optimistic about this holiday seasonMickey Drexler, chief executive officer of Alex Mill and former chairman and CEO of J. Crew, joins CNBC's 'Squawk Box' to discuss how this holiday shopping season compares to years prior.
NBA roundup: Thunder spoil Damian Lillard's record night
  + stars: | 2022-12-20 | by ( ) www.reuters.com   time to read: +7 min
No Thunder player other than Gilgeous-Alexander scored more than 13 points, but six other Oklahoma City players scored in double figures. He scored 11 points and nailed three 3-pointers in the first six minutes to help the Cavaliers establish control early. Jarrett Allen added 20 points and 11 rebounds, while Darius Garland contributed 17 points and eight assists. Trae Young led the Hawks with 37 points, and he added 13 assists for his 15th double-double of the season. Anunoby returned from a four-game absence to score 13 points and reserve Chris Boucher had 13 points and 10 rebounds for the Raptors, who lost their sixth straight game.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI think Black Friday's become a cliché, says retail legend Mickey DrexlerAlex Mill CEO Mickey Drexler joins Brian Sullivan and the 'CNBC Special: Taking stock' to discuss the retail market heading into the holiday season. He thinks Black Friday has become boring, and says a lot of people are looking at analytics over merchandise.
The 23rd Latin Grammys will be presented Thursday at the Michelob ULTRA Arena at the Mandalay Bay Casino and Resort in Las Vegas. His critically acclaimed album “Un Verano Sin Ti,” also a history-making Grammy nominee, is nominated for album of the year category at the Latin Grammys. That song is nominated in three categories: record of the year, song of the year, and best urban fusion/performance. HBO Max will also stream the ceremony in Spanish. (TNT and HBO Max, like CNN, are part of Warner Bros.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHoliday setback? Crew CEO Mickey Drexler delivers apparel retail warningAlex Mill CEO Mickey Drexler on what to expect from the rest of retail earnings. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Mike Khouw and Karen Finerman.
You can read a Spanish version of this story on CNNE.com. (CNN) The nominees for the 23rd Latin Grammy Awards were revealed Tuesday, and Bad Bunny capped off his hot summer. The Puerto Rican rapper and singer earned the most nominations of any artist with ten nominations, including album of the year. Aguilera last won a Latin Grammy Award in 2001 for best female pop vocal album for her first Spanish language record, "Mi Reflejo." Aguilera returned to the Latin Grammy stage last year after two decades to perform her single "Pa' mis muchachas," along with Becky G, Nicki Nicole, and Nathy Peluso.
FC Barcelona a uitat să câștige în La Liga, chiar dacă a jucat în superioritate numerică din minutul 62 în meciul cu Alaves. Pe finalul primei reprize, Messi și-a pierdut cumpătul și a șutat puternic în minge după o fază de atac, deși arbitrul fluierase pentru întreruperea jocului. Barcelona a atacat în valuri până la final, însă portarul Pacheco a făcut minuni în poarta lui Deportivo Alaves. S-a terminat 1-1, iar Barcelona se află pe locul 12 în La Liga după șase jocuri disputate, cu doar opt puncte la activ. Parma a condus cu 2-0 la Milano, însă s-a terminat 2-2 după ce Brozovic a punctat pentru Inter în minutul 64, iar Perisic a egalat în minutul 90+2.
Persons: Luis Rioja, Messi, Jota, Griezmann, Pacheco, Deportivo Alaves, Ronald Koeman ., Koeman, Benzema, Thomas Muller, Serge Gnabry, Gervinho, Perisic, Juve, Cristiano Ronaldo, Thomas Muller, Cristiano Ronaldo Organizations: FC Barcelona, Liga, Sputnik, Deportivo, Barcelona, Barcelonei, Barca, Manchester City, Inter, Real, Bayern Munchen, Borussia Dortmund, FC, Serie A, AC Parma, AC Milan, Juventus, Real Madrid Locations: Mendizorroza, CHIȘINĂU, Barcelona, PSG, Real Madrid, Huesca, Bundesliga, titre, Bayern, FC Koln, Bielefeld, Parma, Milano, Spezia, Bayern
FC Barcelona a uitat să câștige în La Liga, chiar dacă a jucat în superioritate numerică din minutul 62 în meciul cu Alaves. Pe finalul primei reprize, Messi și-a pierdut cumpătul și a șutat puternic în minge după o fază de atac, deși arbitrul fluierase pentru întreruperea jocului. Barcelona a atacat în valuri până la final, însă portarul Pacheco a făcut minuni în poarta lui Deportivo Alaves. S-a terminat 1-1, iar Barcelona se află pe locul 12 în La Liga după șase jocuri disputate, cu doar opt puncte la activ. Parma a condus cu 2-0 la Milano, însă s-a terminat 2-2 după ce Brozovic a punctat pentru Inter în minutul 64, iar Perisic a egalat în minutul 90+2.
Persons: Luis Rioja, Messi, Jota, Griezmann, Pacheco, Deportivo Alaves, Ronald Koeman ., Koeman, Benzema, Thomas Muller, Serge Gnabry, Gervinho, Perisic, Juve, Cristiano Ronaldo, Thomas Muller, Cristiano Ronaldo Organizations: FC Barcelona, Liga, Sputnik, Deportivo, Barcelona, Barcelonei, Barca, Manchester City, Inter, Real, Bayern Munchen, Borussia Dortmund, FC, Serie A, AC Parma, AC Milan, Juventus, Real Madrid Locations: Mendizorroza, CHIȘINĂU, Barcelona, PSG, Real Madrid, Huesca, Bundesliga, titre, Bayern, FC Koln, Bielefeld, Parma, Milano, Spezia, Bayern
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