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Retail Movers & Shakers

A week does not go by without a significant promotion or appointment within retail companies — including merchants, industry associations as well as solution providers. Retail TouchPoints presents these updates via the Retail Movers & Shakers section, spotlighting the individuals and companies announcing important new executive developments.

TechStyle Promotes Inglis To GM, CMO Of Fast Fashion

TechStyle Fashion Group has promoted Traci Inglis to General Manager and CMO of its Fast Fashion division, which operates the JustFab and ShoeDazzle brands. In this position Inglis will oversee all business operations for the two brands, including design, production, distribution, sales, membership services and marketing. She already served as the branch’s CMO prior to the promotion, where she executed a data-driven marketing strategy that increased membership, sales and Net Promoter Scores.

INDOCHINO Fills Two VP Roles To Enhance Omnichannel Model

Vancouver-based INDOCHINO has appointed two new Vice Presidents to continue enhancing its omnichannel model through innovative products and customer experience. Randy Binning has been appointed as VP of Retail Operations, while Dean Handspiker was promoted to VP of Design - Product and Showroom Development.

Bon-Ton To Replace CEO In August

Bon-Ton Stores is undergoing a C-level shakeup as it struggles to turn its financial fortunes around. Kathryn Bufano, current President and CEO at Bon-Ton, will step down from her role when her contract expires on August 25, 2017. William Tracy, the retailer’s current COO, will succeed to those positions after a transition period. The department store, which has been unprofitable for the past six years, posted a $63.4 million loss in 2016, an increase over the $57 million loss sustained the previous year.

Schnucks Markets Names New President And COO

Schnucks Markets, Inc. has named David A. Peacock, former President of Anheuser-Busch, as President and COO. Peacock will be responsible for managing procurement/merchandising, operations, marketing/communications and supply chain for the company’s 100 stores.

HSN CEO Steps Down To Lead Weight Watchers

HSN announced that the retailer’s CEO Mindy Grossman will step down from her position after 11 years in the job. Shortly after the announcement, Weight Watchers International Inc. said Grossman will become its new CEO, effective July 2017.

DSW Names Nordstrom Exec To COO Spot

Longtime Nordstrom executive Michele Love has been named EVP and COO at DSW Inc. With responsibility for marketing and digital, Love will oversee all aspects of customer engagement, with the goal of driving impactful and consistent messaging across all touch points. Love also will be responsible for delivering DSW’s unique warehouse experience in more than 500 Designer Shoe Warehouses nationwide. She will report directly to CEO Roger Rawlins.

Sears Continues Store Closures, Replaces CFO

Sears Holdings began this year with an announcement that it would close 150 stores in 2017,  and things have not improved in the months since. The retailer is shuttering 92 underperforming pharmacy operations in certain Kmart stores and 50 Sears Auto Center locations. The company has updated its strategic restructuring…
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Albertsons Promotes Denningham To President And COO

Albertsons Companies has promoted long-time executive Wayne Denningham to President and COO. Bob Miller remains chairman and CEO, titles he has held since April 2015. In this new combined role, Denningham will continue to lead store operations for the supermarket chain, with added oversight of marketing and merchandising, supply chain, manufacturing and integration. “I asked Wayne to join Albertsons LLC in 2006 to lead our Rocky Mountain Division,” said Miller in a statement. “Since that time, he’s led three different divisions, helped to negotiate and manage some of our most significant acquisitions, and successfully turned around some of our toughest assets.”

Touch Of Modern Names First President/COO

Touch of Modern has named Egon Smola to the newly created position of President and Chief Operating Officer. Smola will report to CEO and Co-Founder Jerry Hum and will be responsible for day-to-day operations, including developing existing internal talent and promoting company culture. In the role, Smola will partner with Hum to determine strategic direction for the company, manage interaction with the Board of Directors, and explore fundraising and strategic partnership opportunities.

Crate & Barrel, Benetton CEOs Call It Quits

The CEOs at Crate & Barrel and Benetton Group have decided to step down from their positions. The situations at each company are different, although both announcements come as something of a surprise. In the case of Crate & Barrel, chief exec Doug Diemoz resigned on April 14 in the…
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Kohl’s Names First CMO Since 2012

Kohl’s has named former Best Buy exec Greg Revelle as its CMO, filling this position for the first time in five years. The CMO spot has been vacant since Julie Gardner stepped down in November 2012. In the role, Revelle will be responsible for Kohl’s marketing organization and overall marketing strategy, including the company’s focus on driving customer engagement through analytics, enhancing the loyalty platform, accelerating customer traffic and continuing to build Kohl’s overall brand position. Revelle will report directly to Chief Merchandising and Customer Officer Michelle Gass.

Coach Creates CEO Position For Namesake Brand

Coach Inc. has named Joshua Schulman President and CEO of its namesake brand, effective June 5, 2017. In this newly created role, Schulman will report directly to Victor Luis, CEO of Coach, Inc. Schulman is currently president of Bergdorf Goodman and NMG International. He served CEO of Jimmy Choo from 2007 to 2012, and has previously held executive roles at Gap, Yves Saint Laurent and Gucci.
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