Daily Shade – Week 50: Layoffs at Abercrombie, Gucci, Walgreens, American Apparel

Hype This!

For most of us, its the last few weeks of the year – except for those that start their fiscal year in February (weirdos). The year ended with some big news and notable “retirements.”

Abercrombie & Fitch First store In Ireland  Image by William Murphy via Flickr

Abercrombie & Fitch First store In Ireland Image by William Murphy via Flickr

Mike Jeffries of Abercrombie announced his immediate retirement after his “no-logo” strategy failed to lift sales – WSJ

At Gucci both Frida Giannini (Creative Director) and Patrizio di Marco (CEO) announced their “retirements” – Business of Fashion. The luxury retail market faces challenging times, and, let’s face it, they weren’t war-time executives

Walgreens announced Greg Wasson’s retirement for him. Those Walgreens cards are really getting creepy good. Crains

Update (12/17/2014): Dov Charney is out at American Apparel LA Times

In a widely expected move, style.com will shut down its print magazine – Fashionista Paper magazine has no plans to shutter its website.

 

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