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Jones Group names senior Coach exec as divisional president
New York -- The Jones Group Inc. said Wednesday it has appointed Kathy Nedorostek to the newly created position of group president, global footwear and accessories, effective mid-October.
In her new position, Nedorostek will oversee footwear, handbags and jewelry for Jones Group.
Nedorostek arrives at Jones Group from Coach, where she was president of North America Wholesale and Global Licensing.
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Walmart tweaks layaway fees to match rival
Walmart this week modified a layaway program that had yet to begin after Toys "R" Us said it wouldn’t charge a service fee and lifted minimum purchase requirements for its program.
The layaway saga began in late August when Walmart said the start date of its layaway program would begin on September 16, a month earlier than the prior year. Curiously, Walmart also said at that time the fee to open a layaway account would increase to $15 from $5 the prior year.