Headlines of Today： 

• The CEO of Moncler, Remo Ruffini, emphasised that even in today’s increasingly digitalised world, brick-and-mortar stores will always play a key role for the luxury industry.

• After only five months, Laurie Van Brunt has stepped down from her role as CEO of R21 Holdings, the Pennsylvania-based operator of casual apparel retailer Rue21, leading the company to appoint former interim CEO Michael C. Appel to the position on a permanent basis.

• Shares in Nordstrom Inc slumped 9 percent on Thursday after the U.S. department store operator reported disappointing same-store sales and said it had been forced to refund some of its credit card customers after overcharging them.

• Thomas Pink, the heritage shirtmaker which traces its roots back to 1984, has unveiled a new brand identity and name as part of a major overhaul designed to ensure it remains relevant in the ever-changing retail landscape.

• Champion Athleticwear has opened its fourth brick-and-mortar store in Boston, Massachusetts.