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Nasty Gal promotes president to CEO as founder Sophia Amoruso steps down
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.
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Men’s Wearhouse Q3 profit plunges 82% on Jos. A. Bank costs
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.

