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Bonobos founder shifts to chairman, hires Coach exec as CEO
New York -- Andy Dunn, the founder of the hot online menswear retailer Bonobos, is transitioning from CEO to executive chairman. Dunn, who founded the company in 2007, has named retail veteran Francine Della Badia to serve as CEO starting June 1.
Della Badia most recently served as president of North American retail at Coach, leaving in February. She also held positions with Victoria’s Secret, J.Crew and Gap Inc.
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Old Navy sails ahead as other Gap brands sink
Surging sales at Old Navy helped Gap Inc. offset sales declines at its namesake division and its Banana Republic stores in the first quarter.
Gap Inc. reported that for the first quarter of fiscal 2015, Gap Inc.’s net sales decreased 3% to $3.66 billion compared with $3.77 billion for the first quarter last year.