Steve & Barry's appoints Kahn new ceo

PORT WASHINGTON, N.Y. Steve & Barry’s appointed Harold Kahn its ceo, effective immediately. Kahn has worked in the retail business for 35 years, including 10 years as chairman and ceo of Macy’s East division. In 2004, he left to launch a retail consulting business. Prior to that he served as ceo of Abraham and Straus, president of Montgomery Ward and ceo of Macy’s South and Macy’s West. He began his career in the training program at Macy’s in 1970.

"I am thrilled about the opportunity to help lead Steve & Barry's, a retailer I believe offers a value proposition that's second to none in the marketplace," said Kahn. "I've been watching the company closely since it began launching amazing celebrity collections with Sarah Jessica Parker, Venus Williams, Amanda Bynes, Laird Hamilton and others. I'm looking forward to helping guide the company to ensure it reaches its full potential."

Douglas Teitelbaum, managing principal of investment fund Bay Harbour Management, which together with York Capital Management purchased Steve & Barry’s out of bankruptcy this summer, said: "Hiring an extraordinary retail pro to lead Steve & Barry's was our top priority in the strategic business plan we put together for getting the company on track to meet our profitability goals over the long term. We’re very fortunate that we were able to persuade Hal Kahn, one of the genuine greats in the field, to join the team. I think that's testament to how big an impact Steve & Barry's can make in retail over the next several years."