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.

Barnes & Noble Cuts Jobs To Save $40 Million, Hires New Chief Merchandising Officer

Barnes & Noble is laying off an unspecified number of employees to save approximately $40 million in annual costs. In a regulatory filing, the bookseller said it would pay $11 million in severance and other costs related to the layoff. "The new model will allow stores to adjust staff up or down based on the needs of the business, increase store productivity and streamline store operations," the filing revealed.

BJ’s Wholesale Club Names First Digital Commerce And Experience VP

BJ’s Wholesale Club has appointed Naveen Seshadri to the newly created position of VP of Digital Commerce and Experience. Seshadri will focus on the continued expansion of BJ's omnichannel capabilities, overseeing the company’s digital customer experience strategy, e-Commerce merchandising, digital marketing, and digital insights and analytics.

Karen Katz Officially Retires As Neiman Marcus CEO

Karen Katz, President and CEO of Neiman Marcus since 2010, officially stepped aside on Feb. 12, clearing the way for luxury fashion and retail veteran Geoffroy van Raemdonck to fill the role. Katz started at the Dallas-based retailer in 1985 and moved up the ranks through various executive positions, including EVP of Store Operations, President of catalog division Neiman Marcus Direct and President of NM stores, before taking over as CEO.

Boardriders Names New CEO After Leader Is Lost At Sea

Boardriders Inc., parent company of the action sports brands Quiksilver, Roxy and DC Shoes, named Dave Tanner CEO on Feb. 6, four days after announcing the cessation of efforts to locate the previous CEO Pierre Agnes. The search had been taking place off the southwestern coast of France after Agnes’ boat washed up on shore. Tanner was scheduled to become CEO of Boardriders later this year upon the closing of the pending acquisition of Billabong International Ltd., an agreement that was finalized in January. In the statement announcing Tanner’s appointment, Boardriders reaffirmed its commitment to the $155 million Billabong purchase, which is subject to customary closing conditions and expected to be completed in the first half of 2018. The combined company will operate more than 600 stores around the world.

GameStop Names Long-Time Exec As CEO

A 16-year veteran at GameStop, Michael Mauler, has been named CEO of the 7,400-store retailer, effective immediately. Mauler was most recently EVP and President of International, which consists of nearly 2,000 stores operating under the GameStop, EB Games, Micromania and Zing Pop Culture brands. Mauler also will join the retailer’s board of directors. Mauler led the international division’s business and diversification initiatives since being appointed to the role in January 2010, including launching the company’s global Collectibles business in 2014.

Christopher & Banks Appoints Former DICK’S, Target Exec As CEO

Christopher & Banks Corp., a specialty women’s apparel retailer, has appointed Keri Jones as CEO effective March 12, 2018. Jones will succeed interim CEO and President Joel Waller in the role. Waller, who started after then-CEO and President LuAnn Via resigned in January 2017, will continue as a Board member and in a consulting capacity for the near future, according to a company statement.

Lululemon CEO Resigns Amid Unspecified Conduct Violation

  • Published in News Briefs
Laurent Potdevin has resigned as CEO of lululemon athletica and as a member of the company’s Board of Directors, effective Feb. 6, 2018. In a statement, the athletic apparel retailer noted that it “expects all employees to exemplify the highest levels of integrity and respect for one another” and that…

Hudson’s Bay Picks CVS Exec As New CEO

HBC, parent company of iconic retail brands including Hudson’s Bay, Lord & Taylor and Saks Fifth Avenue, has appointed CVS executive Helena Foulkes as its new CEO, effective Feb. 19, 2018. Richard Baker, who has been acting as interim CEO, will continue as Governor and Executive Chairman of HBC.  Foulkes joined CVS in 1992 and rose to become EVP of CVS Health and President of CVS Pharmacy in January 2014. During her time at the company, she helped lead the retailer’s decision to discontinue sales of tobacco products, and the creation of the pharmacy’s digital prescription program, which is now used by 48 million consumers to fill prescriptions.

C-Store Retailer MAPCO Appoints New CEO

MAPCO, a convenience store chain that operates 348 locations throughout the Southeast U.S., has appointed Charles (Hal) Adams as CEO, effective Feb. 5. He will succeed Frederic Chaveyriat, who had served as interim CEO and now remains as EVP of the MAPCO Board of Directors.

Mattress Firm CEO Resigns, Chairman Takes Over

Mattress Firm CEO and President Ken Murphy is stepping down from his position, with Executive Chairman and Chairman of the Board Steve Stagner assuming chief executive responsibilities, effective March 1. The joint decision “reflects the need for a singular voice of leadership for the company as it navigates the next phase of its growth story,” according to a company statement.

Staples CEO Departs Less Than Five Months After Private Buyout

Staples CEO Shira Goodman is leaving the company just five months after private equity firm Sycamore Partners bought the retailer for $6.9 billion. Alexander “Sandy” Douglas, most recently the President of Coca-Cola North America, will replace Goodman as CEO on April 2, 2018. Goodman previously served as President of Staples’ North American operations and has held various leadership roles at the company since 1992.

Ralph Lauren Appoints New Executives To Lead E-Commerce, Digital

Ralph Lauren Corporation has appointed Alice Delahunt as Chief Digital Officer, a newly created role in which she will be responsible for elevating the company’s global digital platforms. Delahunt also will be tasked with enhancing the digital experience for consumers across all channels to drive consumer acquisition, retention, value and revenue. She will report to Ralph Lauren’s CEO Patrice Louvet.

A.C. Moore Names Piperno President

Anthony Piperno, formerly Chief Marketing and Merchandising Officer, has taken the reins as president of A.C. Moore Arts and Crafts. Piperno began his career in the arts-and-crafts business in Nov. 2005 in sales and merchandising at wholesale distributor Sbar’s. He rose to the position of president by October 2011 when Sbar’s acquired A.C. Moore. Since that time, Piperno has held merchandising posts of increasing responsibility at A.C. Moore, which operates 135 locations along the East Coast. Piperno succeeds his father Pepe Piperno in the role of president. Pepe Piperno will continue to be actively involved in the business as Chairman and CEO. “I am thrilled to pass the torch and watch Anthony drive the company we love to the next level,” said Pepe Piperno in a statement. “He brings a dynamic mix of leadership, operational excellence and passion to his new role. This, combined with Anthony's industry knowledge and acumen, make him uniquely qualified to lead A.C. Moore into the future.”

Walmart Promotes U.S. COO To International CEO

Walmart has promoted Judith McKenna to President and CEO of Walmart International, the company’s second-largest operating segment. McKenna, currently serving as EVP and COO for Walmart U.S., will assume her new role on Feb. 1, 2018, and report to Walmart President and CEO Doug McMillon. McKenna will succeed David Cheesewright, who has been in the role since 2014. Cheesewright will remain with Walmart full time through March and then serve the company on a limited basis with specific projects for an unspecified period of time.
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