Tag: avowed-search
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Weak sales at Kohl’s, Ralph Lauren spark selloff in retailers
Ralph Lauren's stock fell 18 percent, touching a more than five year-low of $94.02. Kohl's said it discounted heavily in the quarter, hurting margins, as it worked to clear inventories, after a slow start to the winter season led people to spend less on sweaters, gloves and coats. Ralph Lauren said it would aggressively try…
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Succession issue looms large at world’s top glasses maker
Positions are not being filled, two of the sources said, complicating Del Vecchio's avowed search for a second-line manager from within to step up to the plate. Del Vecchio has pledged to develop e-commerce, where the company lags, investment that could hit profitability. Luxottica has ambitious growth plans and a reputation for top-notch managers.