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Marketing

  • Mickey Drexler out as CEO of J.Crew Group

    It is the end of an era in retail. One of the most prominent — and legendary — chief executives in retail is stepping down.   Millard “Mickey” Drexler will step down after almost 15 years as J. Crew’s CEO as of July. He will continue in his role as chairman. Drexler is the former CEO of Gap Inc., which he built into a retail powerhouse. He was abruptly fired in 2002 by Gap founder Donald Fisher amid slumping sales and the chain's falling stock. (Prior to Gap, Drexler oversaw a turnaround of Ann Taylor.)
  • Billabong taps former Nordstrom exec as finance head

    Billabong has a new finance chief.   The board sports apparel retailer has named Jim Howell as CFO, effective June 12. He will replace Peter Myers, who has served in the role since January 2013. Howell has spent the last 10 years leading the finance and treasury division at luxury retailer Nordstrom. In this role, he oversaw significant cost management improvements, capital management and growth initiatives.  
  • Online baby brand puts down anchor in Manhattan

    A digitally native organic baby and toddler's clothing brand has opened its second brick-and-mortar location.    Monica + Andy has opened its first store in New York City, on the Upper West Side of Manhattan. The brand was launched online in 2014 by new mom Monica Royer, sister of Andy Dunn, co-founder of Bonobos, the online menswear brand that is rapidly growing its physical store footprint. It features clothing made of kid-friendly fabrics that are free of lead, phthalates and flame-retardants.  
  • Walmart shareholders approve directors, compensation

    Walmart shared the results of its 47th annual shareholders meeting held June 2.  
  • Casual clothing and workwear retailer on the hunt for a new CFO

    Duluth Holdings is losing its finance chief.    Mark DeOrio, the company’s CFO, will retire at the end of 2017. DeOrio will remain in his role until the next finance chief is appointed, and he will then assist with his successor’s transition until his retirement. DeOrio has held the role since August 2010. He also served as senior VP of operations from 2010 to January 2015.   
  • Sur La Table plots localization and expansion strategy

    High-end kitchenware retailer Sur La Table is on a mission to optimize its individual market and expansion strategies.   “Now, more than ever, being able to localize is the key to success,” said Ben Rosenfeld, senior VP of stores at Sur La Table.  
  • Boot Barn sales rise in fiscal Q4, still misses Street

    Even with a jump in sales, unanticipated operating expenses and e-commerce snafus took a toll on Boot Barn’s fourth quarter for fiscal 2017.   
  • H&M firms up plans for Arket brand

    As H&M braces for the opening of its first Arket store, it is already putting a plan in motion for its second location.   The fast-fashion chain announced in March that is plans to launch its new brand, Arket, in early fall. Arket, H&M’s first new brand in three years, will feature merchandise men, women and children, and a smaller, curated assortment of home goods.  
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