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Oracle awards top retail exec
And the winner is… Oracle selects technology executive at Chile’s top department store chain for ultimate honor.
The average American has never heard of the Falabella chain of department stores, but the company dominates its home market of Chile and is regarded as a leader in the use of technology. So much so that when Oracle held its annual Retail Excellence Awards recently, it named Falabella’s VP technology and development, Julius Odian, as its Retailer Executive of the Year.
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Wet Seal fires CEO
FOOTHILL RANCH, Calif. — Wet Seal has terminated the employment of its CEO, Susan McGalla, and has begun a search for a new executive to head the struggling young women's apparel retailer.
Until such a person is found, Wet Seal president and COO and Steve Benrubi, CFO, will serve as co-principal execuitve officers and members of the office of the chairman, led by Hal Kahn, until a new CEO is elected by the board of directors.
For the month-to-date, Wet Seal's comps have declined between 13% and 14%.