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Children's Place CFO adds COO title
Secaucus, N.J. -- The Children's Place said Wednesday that current CFO Michael Scarpa has also been appointed COO, effective immediately.
Scarpa will continue to oversee finance, information technology, distribution, logistics and wholesale, and will add store operations, store development and international to his current responsibilities.
Prior to joining The Children's Place, Scarpa was COO and CFO of The Talbots. -
Jones Group to close 170 stores, cut workforce
New York -- The Jones Group Inc. announced Monday that it will put into action a series of events designed to shore up profitability, the most significant of which includes shuttering 170 underperforming stores in the U.S. by mid-2014.
The stores identified for closure include 50 units previously announced in the fourth quarter.