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Gavales named CEO at Things Remembered
Former Talbots and Bloomingdales executive Lisa Gavales was named president and CEO of personalized gift retailer Things Remembered where she plans to further evolve the retailer’s omnichannel offering.
Things Remembered operates 600 stores nationwide that are integrated with its Web site to allow for online ordering and same day pick up. Gavales will join the company November 10 to fill the position being vacated by Michael Anthony. He is relinquishing the CEO title after eight years but will remain as chairman of the board.
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Gap approves $500 million share buyback program
San Francisco –- Gap Inc. has approved a new $500 million share repurchase authorization for the company’s common stock, in an effort to return excess cash to shareholders. The new $500 million repurchase program for Gap’s stock follows the company’s previous $1 billion share repurchase program.
