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OPERATIONS / SUPPLY CHAIN

  • American Apparel names new CFO

    Los Angeles -- American Apparel announced Friday that it has named John J. Luttrell as executive VP and CFO, and moved its current CFO Adrian Kowlewski into the position of executive VP corporate strategy, effective Feb. 7.

    Luttrell was previously CFO of Gap’s Old Navy brand.

  • Barneys CEO unveils renovation plans

    New York City -- Barneys New York CEO Mark Lee said Monday that he has plans to launch a renovation program for existing stores as well as an overhaul to the retailer’s website.

    According to a report by the Wall Street Journal, Lee said at a Monday morning breakfast that changes will be substantial, as the retailer has the largest renovation budget for existing stores that Barneys has seen in at least seven years.

  • Fast growth in service sector suggests increased hiring

    Washington, D.C. -- A report released Thursday by the Institute for Supply Management said that the U.S. service sector, which includes retailers, grew in January at the fastest pace in five years. The report, along with other data, suggests a growing economy and stronger hiring.

    The private trade group said its index of service sector activity rose to 59.4 last month. That was up sharply from December's reading of 57.1. It was the fourteenth straight month of growth and the highest reading since August 2005.

  • NRF announces reorganization

    Washington, D.C. -- The National Retail Federation said Thursday that it has made changes to its organizational structure, promoting Carleen Kohut from senior VP and CFO to the position of COO.

    Also Susan Newman, VP, conferences, has been promoted to senior VP conferences, and Mike Gatti, formerly senior VP communications, has been named senior VP member relations.

  • Gap looks to put namesake brand back on track with new management, other changes

    New York City -- Gap announced a series of changes to help revive its struggling namesake division, which hasn't posted a gain on an annual basis since 2004. The company has tapped the head of its outlet division, Art Peck, to replace Marka Hansen as leader of the Gap brand for North America, effective immediately. Peck is credited with growing the company’s highly-profitable Outlet business for the past three years. He also has been a primary architect of the company’s franchise business and international growth platform.

  • Gordon Brothers and WME in partnership to acquire brands

    Boston -- Gordon Brothers Group, a global investment, lending and advisory firm, and WME, a leading talent agency, jointly announced the formation of a strategic partnership to identify, acquire and often revitalize undervalued, distressed or orphaned consumer product and retail brands.

    Currently, Gordon Brothers Group and WME are evaluating a host of potential brands to acquire. Some of Gordon Brothers Group's current brand investments include Linens 'N Things and The Sharper Image.

  • Gap North America president departs

    San Francisco -- Gap announced Tuesday that Marka Hansen president of Gap North America, has resigned, effective Feb. 4.

    According to Glenn Murphy, Gap chairman and CEO, the decision to change leadership was mutual.

    “After several conversations, Marka and I agreed this was the right time for a change in the organization in order to take Gap brand to a new level,” he said.

    The apparel retailer said it has identified an internal successor to Hansen, who will be announced in the next day.

  • TJX Cos. restructures management, names new president

    Framingham, Mass. -- The TJX Cos. said Tuesday that it has restructured its executive management as part of the retailer’s ongoing leadership succession planning.  

    Carol Meyrowitz has inked another two-year employment agreement as CEO. Ernie Herrman has been promoted to president of TJX Cos. from his post of senior executive VP group president.

    Meyrowitz will now have Herrman and Jeffrey Naylor, senior executive VP CFO and chief administrative officer, reporting to her.

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