Shuffle Board: Kering, Tailored Brands, Pendleton Name CEOs
Omnichannel specialty retailer Tailored Brands announced John Tighe as chief executive officer and board member, effective Aug. 5. Tighe, who served most recently as president of the parent company to Men's Wearhouse and Jos. A. Bank Clothiers, succeeds Peter Sachse, who will transition to executive chairman next month. Tighe joined Tailored Brands in May 2021 as executive vice president and chief customer officer and became president in March 2022. He previously served as president of Peerless Clothing and held leadership positions at J.C. Penney, including chief merchant and executive vice president, as well.
Portland-based brand Pendleton Woolen Mills has appointed Jennifer Ingraffea as CEO. She succeeds John Bishop as the first female to hold the top position at the 162-year-old company. Bishop, who retired in February, will remain as CEO through July to work with the former Nike exec before transitioning to chairman of the board.
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Luxury conglomerate Kering's board of directors, chaired by François-Henri Pinault, approved the appointment of Luca de Meo as chief executive officer of the group, as recommended by the appointments and governance committee. As part of a renewed governance structure, the role of chairman of the board of directors, held by Pinault, will be separated from that of CEO.
OTB Group-owned label Marni confirmed the exit of creative director Francesco Risso after a decade with the brand, according to a press statement. The statement did not say when a new creative director would be announced.
The Advanced Functional Fabrics of America (AFFOA), a public-private partnership led by the Massachusetts Institute of Technology, announced that Dr. Eric Evans has been appointed as the new chair of the AFFOA board of directors. As chair, Evans will help lead the organization in its mission to accelerate the development and commercialization of textile technologies that integrate electronics and sensors, among other functionalities.
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CBS News
an hour ago
- CBS News
Grass fire shuts off power at Sacramento's Riverbank Marina, impacting businesses
On a red flag warning day, a brush fire caused several businesses to shut down at the Riverbank Marina in Sacramento after losing power. Hungry customers were greeted by signs that read "Closed due to outage." "I got a front row [parking] spot and I was like, how did that happen? And now I know why, right," said sacramento resident Lori Organ. A grass fire broke out across the street from the marina Saturday morning. Sacramento Fire said they were able to contain it at one acre, but some power lines were damaged, causing outages at nearby restaurants and businesses. We were really excited about this weekend. Obviously, 80-degree weather. We only have about 12 or 14 Saturday's for the summer, so it's a huge impact," said Trevor Shults, owner of Crawdads on the River. Crawdads on the River, one of the several restaurants closed due to no power, had to cancel their saturday live music event. The owner of the restaurant is also thinking about his employees during peak season. Everyone was hoping to make money. We are a seasonal business, we're open year-round, but these summer months are where we make our bread and butter," said Shults. Sac Fire said the fire initially broke out near a power pole. It's unclear at this time what the cause of the fire was, but SMUD was on scene making repairs to the power lines for hours. "Fires start by accident all the time, it's just that time of year to be extra careful," said Archambeault. One company being extra careful is PG&E. They've had power shutoffs in place since Thursday. More than 11,000 customers across 16 counties have been impacted across Northern California. The reason for the shutoffs is so the wind doesn't knock trees into power lines or take power lines down altogether, potentially sparking a fire. PG&E said they understand it's hot out and people want their a/c but the shutoffs are for safety. "We know that for some customers it's an inconvenience. We know for others it's actually more than that because they rely on life-saving medical devices and other things that require electricity. So we certainly don't take decisions like this lightly, but the idea is to prevent catastrophic wildfires that can cause even more significant damage," said PG&E spokesperson Jeff Smith. "Sometimes we have to shut off power and hopefully it's not for a long time. And again the wind has died down," said Archambeault. Crawdads on the River said they will be open for business as usual on Sunday. PG&E said as high-risk fire conditions begin to dwindle into Sunday evening, they are hoping to get everyone's power fully restored.
Motor 1
an hour ago
- Motor 1
Dealership Worker Is Oh-So-Close To Closing Car Sale. Then a Receptionist Ruins It In 1 Minute
After a potential deal was purportedly ruined by a coworker, a car salesman shared what he describes as 'the number one golden rule' for all dealership employees: 'Zip it and go on about your business' when it comes to other salespeople's customers. Salesman Costa (@costacreatescardeals) is clearly peeved in his TikTok. He starts the video by saying, 'When someone is working a deal with a customer, do not ever, and I mean ever, go talk to that customer.' Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Costa says that a receptionist essentially snatched a sale from the dealership at the last minute. 'We had a receptionist today go up to a customer—after they signed at the desk, ready to go into finance—telling the customer that she was able to lower her payment when trading out of her vehicle with $12,000 of negative equity,' he alleges. Anyone who's rolled a car loan with negative equity into another car loan knows that the outcome of that is usually, but not always, a higher monthly payment. This was apparently the case with Costa's customer. 'Her payment went up,' he says. 'Not down. And then the customer decided not to do the deal and left while waiting for finance.' He notes that the new payment after trading in a car with negative equity will be determined by multiple factors. 'Every case is different,' he says. 'And it also depends on credit. It depends on many factors.' His bottom line is that if it isn't your sale, you need to butt out. 'Don't ever go and talk to another customer while another salesperson is working a deal with that customer,' Costa says. His advice has people coming for him specifically and car salespersons generally. America's Most Loathed Profession? It's no secret that car salespeople—perhaps especially used car salesmen —are widely reviled. A list of the most hated professions describes used car salesmen as ' fast-talking liars who do it all with smiles on their faces.' While this is just a stereotype and, as with any profession, there are good and bad actors throughout, Costa's TikTok put the taste of scummy car salesmen in many viewers' mouths. Trending Now 'I'm Not [an] Expert:' Man Gets in a Honda Civic. Then It Starts Making This Mystery Noise When He Puts It in Reverse Man Fills Up His Truck. Then He Pulls Out a Trick for When the Handle Clicks and Stops Pumping "Seems like the receptionist was honest with the customer," wrote one user. "Who in their right mind is going to roll $12k negative equity into another loan at probably 10-12%. She did them a favor." "Man, car sales people really do get on here and tell the world how shady they are," wrote a second user. "Wow, an ethical employee working at a dealership! Good for her! She is probably too good to work there," a third user said. Why Would a Newer Model Have Negative Equity? In response to the commenter who claimed that the receptionist was simply being honest with his customer, Costa explained why his colleague may have led the potential buyer astray. It's actually inflation. As he explains in a follow-up TikTok , the increased cost of living due to inflation is making it harder for people to make ends meet on one income. This, he alleges in a text overlay on the post, is 'indirectly' wrecking the car market. Many people, he explains, are using their vehicles for a second source of income, often in the gig economy. While gigging for a rideshare or delivery service can be a flexible way to make ends meet, it also typically puts a lot of miles on your car. This often translates into negative equity. 'They're stacking over 200,000 miles on a car that they bought in 2020,' he explains. 'And now we're in 2025, the depreciation is through the roof.' This is why he cautions, 'you should never use a personal vehicle as a commercial vehicle.' He says that the customer the receptionist talked out of the sale was trading in their vehicle for just this reason. Their vehicle, Costa claims, had become utterly unreliable due to high mileage and the wear and tear this causes. 'It was costing them way too much money,' he says. Costa frames the role of people in his line of work as helping people like his lost customer get a reliable vehicle, 'rather than screwing them.' 'What we're doing is actually losing money on some deals just to trade a customer out of the vehicle so we maintain a long-term relationship with them,' he says. If the business maintains that relationship, he says dealerships realize that the customer is likely to keep coming back for maintenance and repairs. So ultimately, taking a loss on a sale can translate into a profit in the long term. 'It's actually a very smart decision to sell them a car,' he says. "And if you can make money, hey, that's what we're in it for. But sometimes you'll actually lose money and sell them a car." Motor1 reached out to Costa via TikTok comment and direct message for comment. We'll be sure to update this if he responds. More From Motor1 Toyota Salesman Finds Thousands of Dollars of 'Missing' Keys. Now He's Exposing Dealerships for Failing to Give Buyers the Spare 'We Get It Fixed': Woman Says Her 2020 Ram's Steering Wheel 'Randomly' Locks Up. The Dealership Says It's Fine 'Lawyer Up': Woman Drops Off Mercedes At Dealership For Oil Change. Then She's Told It's Totaled, Costs $27K To 'Fix 5 Wires' Woman Visits Toyota Dealership. Then a Salesman Refuses to Give Her a Pricing Breakdown When She's Quoted $27,500 Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Yahoo
an hour ago
- Yahoo
JetBlue is pulling out of the Miami airport, but will remain at FLL. See details
JetBlue Airways will halt service at Miami International Airport, the airline said on Saturday. The Long Island City-based carrier cited poor financial performance. JetBlue has a small footprint at MIA, with one or two daily flights between MIA and Boston. But 'to free aircraft for new routes, we've recently made the decision to end a small number of unprofitable flights including between Boston and Miami,' Derek Dombrowski, director of corporate communications, said in an email statement sent to the Miami Herald. The changes are effective Sept. 3, he said. Travelers booked on cancelled flights 'will have the option to fly via Fort Lauderdale or receive a full refund to their original form of payment,' Dombrowski said. The move was a business decision. 'We continually evaluate how our network is performing and make changes as needed,' Dombrowski said. JetBlue informed MIA of the changes on Friday, Greg Chin, communications director for Miami-Dade Aviation Department, said in a phone call with the Miami Herald on Saturday. He didn't elaborate on other details. JetBlue will continue to fly to Boston from nearby Fort Lauderdale-Hollywood International Airport as well as West Palm Beach, Dombrowski said. The airline has a strong presence at FLL. In 2024, JetBlue served about 6.8 million passengers at FLL, down 2.1% from 2023 but still the second largest carrier at that airport, only behind Spirit. It carried 19% of all travelers to and from the Broward County airport. This year, JetBlue remains FLL's second largest carrier. Through April 30, the airline had 2.2 million passengers, even though that's down 6% from the same period in 2024. In 2021, to make a larger bet on South Florida as the COVID-19 pandemic was still in full force, JetBlue expanded at MIA, adding as many as 14 daily flights, including as many as four times a day to Boston. The airline also added direct flights between MIA and New York-JFK, Newark, Los Angeles and Hartford. Since then, JetBlue has scaled back service in Miami due to falling demand. It was also slowed down by the 2024 ruling of a federal judge in Massachusetts that blocked an attempted merger with Broward-based Spirit, citing anti-competitive laws. On Saturday, JetBlue had a total of two arrivals at MIA, each one from Boston, according to the airport's flight tracker. And it had one departure, also to Boston.
