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Overstock.com bolsters merchandising leadership
Overstock.com promoted Seth Marks to SVP of merchandising and strategic sourcing. The promotion was in conjunction with the online shopping site’s first-quarter results for the period ended March 31.
Marks has been with the company since 2013, serving as VP of sales and special acquisitions.
"Seth brings a wealth of experience to this position from his previous work in liquidation and retail channel markets. He continually makes great contributions in securing the best deals for our customers," CEO Patrick M. Byrne said.
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Destination Maternity net income drops in Q2 on adverse weather
Philadelphia -- Destination Maternity Corp. reported that net income for the quarter ended March 31, 2014 dipped to $3.2 million, compared to $5.9 million in the same period last year.
Revenue fell 6.5% to $126.1 million from $134.9 million, and same-store sales decreased 5.1%. CEO Ed Krell blamed the disappointing results on inclement weather.