Formalwear

San Francisco -- Gap Inc. is shutting down its Piperlime business. The company plans to close the brand’s online platform and single store in New York, by the end of the first quarter of fiscal year 2015.  

The decision comes as Abe Peck, who has led Gap’s growth, innovation and digital unit, gets ready to step into the CEO suite next month.

“We plan to keep on pushing new ideas and look forward to seeing how we can apply what we’ve learned to the rest of the company,” Peck said in a statement.

Los Angeles -- Millennial fashion authority and online retailer Nasty Gal has tapped Sheree Waterson has CEO, effective immediately. Waterson, promoted from her position as president and chief product officer, which she has held since early 2014, previously was lululemon athletica’s executive VP and chief product officer.

Founder Sophia Amoruso will continue as executive chairman to oversee creative and brand marketing functions.

Fremont, Calif. – Men's Wearhouse Inc.'s third-quarter profit plunged 82%, mainly on expenses related to its June 2014 acquisition of rival Jos. A. Bank Clothiers Inc.      The retailer reported a profit $6.8 million in the third quarter of fiscal 2014, from $38.2 million in the year-ago-period and below Wall Street projections.  

The acquisition of Jos. A. Bank in June weighed heavily on Men’s Warehouse in the third quarter, as the company reported a profit decline of 82% due to expenses related to the integration of the rival clothier’s operations.

Fremont, Calif. - Men's Wearhouse will open the first-ever Joseph Abboud retail store in midtown Manhattan in spring 2015. The store follows the launch of JosephAbboud.com in early November.   

Unless you are a grandstanding politician, the notion of American apparel production may feel like it was declared dead years ago. Our share of domestically manufactured apparel has dropped from 50% in 1994 to 2.5% in 2012, and this trend shows little sign of reversing on a macro level.  

Planning for a wedding will never be the same thanks to a new service Men’s Wearhouse is launching in 2015 to elevate its service-based value proposition.

The Bill Blass brand is in for a breath of fresh air with the arrival of celebrated designer Chris Benz as new creative director.

Reporting directly to Stuart Goldblatt,  Bill Blass’ newly appointed president and CEO,  Benz will be responsible for the overall creative direction of the company.

Benz brings to Bill Blass years of experience in the fashion industry, including designing for Mark Jacobs and J.Crew, as well as his own collection CHRIS BENZ, launched in 2007.

Paris -- LVMH announced the appointment of Caroline Brown as CEO of Donna Karan International, effective Jan. 15. She currently serves as president of Carolina Herrera.

Brown will replace Mark Weber, the incumbent CEO of Donna Karan International, who is becoming a consultant for LVMH.

Fremont, Calif. - Men's Wearhouse has named Scott Norris as Men's Wearhouse brand and Moores brand president, and Paul Fitzpatrick has been named Jos. A. Bank's brand president. In addition, Jim Thorne was named executive VP direct sourcing.

All three will report to Mary Beth Blake, the company's president and chief merchandising officer.