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Cache names Jay Margolis as new CEO
New York -- Cache announced that it has appointed Jay Margolis as chairman and CEO of Cache. Concurrent with the appointment, Thomas Reinckens will step down as chairman and CEO.
Margolis most recently served as president and CEO of Limited Brands’ Apparel Group (Express and Limited Stores), where he was responsible for revamping the product line and leading the successful operational turnaround of the businesses. Prior to Limited Brands, he was president, COO & director of Reebok International.
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Kroger names president of its Central Division
Cincinnati -- The Kroger Co. announced the promotion of Jeff Burt as president of the company's Central division. Kroger's Central Division operates 136 food stores primarily in Indiana and Illinois.
Burt, 50, has been group VP of perishables merchandising and procurement since 2010. He succeeds Bob Moeder, who recently announced his plans to retire this spring.