Salvatore Ferragamo named Ugo Giorcelli as its new CFO, effective March 15. Giorcelli joins Salvatore Ferragamo from Amplifon, where he served as the company’s CFO since 2007. He will succeed current CFO Ernesto Greco as part of Salvatore Ferragamo’s succession plan.
Hologenix named two new officers to its board of directors, former president of The North Face Bill Werlin and Hologenix co-founder David Horinek. As an apparel industry veteran, Werlin has held previous leadership roles at many retailers, including Burton and Patagonia. Horinek also has many years of retail experience and invented Hologenix’s parent company Celliant. He currently manages development and research for Celliant, which provides performance technology solutions for apparel.
J. Daniel Plants resigned from Destination Maternity’s Board of Directors. Plants is the founder and CIO of Voce Capital Management LLC and has served on the company’s board of directors since November 2014. The board of directors has not yet determined a replacement.
Coach tapped former AlixPartners CFO Kevin G. Wills as its new CFO, effective no later than March 2017. In his previous role, Wills managed AlixPartners’ acquisitions, capital restructuring, financial management and mergers. Wills also held previous leadership positions at many other companies, including Saks Incorporated. His predecessor, Jane Nielsen, left Coach in August 2016 and interim CFO Andrea Shaw Resnick will serve as the company’s global head of investor relations and corporate communications.
Nordstrom CTO Kumar Srinivasan is leaving the company. In his role, Srinivasan optimized Nordstrom’s engineering and software productivity, which advanced the retailer in the e-commerce sector. Srinivasan is the fourth digital leader to depart from the company. Last year, Nordstrom axed approximately 120 technology jobs in March to streamline its business. Nordstrom said that will start 2017 without a CTO and has not confirmed a replacement yet.
Abercrombie & Fitch
Abercrombie & Fitch EVP of sourcing Diane Chang will retire from her position in June 2017. Chang joined Abercrombie & Fitch in 2008 and has been the company’s EVP of sourcing for 13 years. Abercrombie & Fitch is currently searching for Chang’s successor.
Jeffrey Drees was named the new president of Herff Jones, effective Jan.9. Drees joins Herff Jones from Flowserve Corporation, where he served as the company’s Industrial Product Division president. His predecessor, John Newby, will manage Varsity Brands’ cross-division IMPACT program.
Teen retailer Rue21 promoted two executives as part of its customer-centric mission. Dirk Armstrong was appointed as the company’s new COO. Armstrong’s resume includes previous stints at Ann Taylor and Gap. Brett Trent, who previously served as the company’s chief digital officer and SVP of digital retail, was named as Rue21’s new CMO.
Dollar Tree recently changed its management team. Gary Philbin was promoted to enterprise president of Dollar Tree. In his new role, Philbin will manage the company’s merchandising, real estate and store operations. Philbin has held previous leadership positions with the company, including president and COO of Family Dollar and Dollar Tree SVP of stores. Duncan Mac Naughton was named as Family Dollar’s new COO and president. Naughton joins Dollar Tree from Mills Fleet Farm, where he served as the company’s CEO.
It seems the Indian government is stuck between a rock–complying with global trade rules and its overall tax structure –and a hard place–supporting its apparel and textile industry.Read more
Retail executives looking to boost sales need to re-evaluate every aspect of their businesses with women, new wealth and the web in mind.Read more
Macy's Inc.'s group VP and creative director Nicole Fischelis is leaving, plus Under Armour named Ryan Drew as its new head of footwear.Read more
Companies sourcing in Mexico will very soon be facing labor costs that are 10 percent higher.Read more
The North American Free Trade Negotiations have turned into a blame game about which party is doing the most to damage the deal. Needless to say, little progress seems to have been made at the fifth round of negotiations that wrapped in Mexico City Tuesday.Read more