Can Hearts On Fire Appoint Former LVMH Executives To Be Viable For New CRO Bailout?

In early 2016, because the De Beers lowered the price of the global raw rock, the middle class favorite Tiffany was hit to a certain extent.

Hearts on Fire, a luxury diamond brand bought by Zhou Dafu, has also announced a new appointment.

It is reported that Hearts on Fire recently announced the former LVMH Group Executive Stephane Barraque as the global chief revenue officer.

Before LVMH,

He also served in the peak group until 2008 when he joined LVMH.

Meanwhile, Stephane Barraque, who has 25 years of management experience, will be responsible for the brand sales team.

The situation.

Just their parent company.

In the same way, we can not extricate ourselves from this weakness. Can we invite the retail veterans to return to the future? We can only see how the chief income officer, who is entrusted with the hope, saved the loss.

On the one hand, the reason why Hearts on Fire is so urgent is also due to the decrease in demand for diamond jewellery worldwide.

Therefore, it is understandable that Hearts on Fire wants to stimulate growth through this retail veteran.

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The trend of offline offline pfer has made many brands start to re layout their business, but layout is not easy.

Recently, Nordstrom announced another layoff.

This is another large-scale layoff after the more than 100 layoffs last month.

It is reported that the layoffs will result in about 400 vacancies.

The layoffs are expected to be completed before the end of July.

The group said it hopes to save the group's internal expenses through layoffs to make a more flexible response to changes in consumer shopping habits.

The reason for the group to express the above remarks is mainly due to the increase in investment spending in the past few years in order to increase market share and pformation.

In addition, the change from offline to online consumer habits has also prompted Nordstrom to start research and development of e-commerce business.

However, too high R & D expenses are beginning to leave the group.

Therefore, this is also the main reason for group layoffs.

During the whole year of 2015, group net profit continued to decrease, a decrease of 16.7% to 720 million US dollars.

But revenue grew by 6.9% to $14 billion 437 million.

In the past year, almost every US Department store retailer has released a restructuring plan involving layoffs.

The reason is mainly due to the downturn in the US retail market and the demand for consumers. Meanwhile, consumers' demand for fashion products is lower, resulting in a further downturn in the US retail market.

But in a remark, if JC Penney continues to lay off, it may trigger workers' dissatisfaction and act.

So how should Nordstrom solve this problem?