Nordstrom Rack announces the retirement of its president Karen McKibbin; Geevy Thomas to succeed

Geevy Thomas named successor

SEATTLE, 2018-Jan-10 — /EPR Retail News/ — After three decades marked by expansion and success, Karen McKibbin, president of Nordstrom Rack, will be retiring from Nordstrom in March. Karen joined Nordstrom in 1985 and has held many leadership roles within the company, including president of Nordstrom Canada, where she led the first-ever international expansion of Nordstrom’s full line stores.

“We are indebted to Karen for the many contributions she’s made over her more than 30-year career with Nordstrom,” said Blake Nordstrom, co-president of Nordstrom, Inc. “During her long tenure, Karen brought great depth of experience to her various roles including president of Canada, president of Nordstrom Rack, and a member of the Executive Team. Her leadership will be missed across the company and we wish her all the best in her next endeavor.”

“I feel fortunate to be part of this company and to have built a career from which I garnered so much personal and professional fulfillment. I have a great passion for the team and the business,” said Karen McKibbin. “Nordstrom has a strong legacy that I’ve been honored to be part of. It is an incredible brand that will continue to evolve— fueled by the best talent in the business.”

Geevy Thomas, chief innovation officer, will succeed Karen. Geevy, who joined Nordstrom in 1983, has held numerous senior leadership positions throughout the organization and served as president of Nordstrom Rack from 2010 to January 2017.

“Over the last year, Geevy and the Innovation team have established an approach to leveraging our local assets of people, product, and place – and evolve our physical stores. With this foundation in place, we will begin integrating the team, learnings and processes across various aspects of our business,” said Blake Nordstrom.  “We’re fortunate to be able to leverage Geevy’s knowledge of our Nordstrom Rackbusiness, which continues to be one of our most productive channels, a driver of innovation and our biggest source of new customers to Nordstrom. Geevy will continue to support innovation as we make that transition.”

About Nordstrom
Nordstrom, Inc. is a leading fashion retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 366 stores in 40 states, including 122 full-line stores in the United States, Canada and Puerto Rico; 232 Nordstrom Rack stores; two Jeffrey boutiques; two clearance stores; seven Trunk Club clubhouses; and its Nordstrom Local service concept. Additionally, customers are served online through Nordstrom.comNordstromrack.com, HauteLook and TrunkClub.com. Nordstrom, Inc.’scommon stock is publicly traded on the NYSE under the symbol JWN.

MEDIA CONTACTS: 
Gigi Ganatra Duff
Nordstrom, Inc.
877-746-6228
nordstrompr@nordstrom.com

SOURCE: Nordstrom, Inc.

Neiman Marcus Group announces the retirement of President and CEO Karen Katz; Geoffroy van Raemdonck to succeed

LUXURY FASHION AND RETAIL VETERAN GEOFFROY VAN RAEMDONCK APPOINTED NEW CEO OF NEIMAN MARCUS GROUP; KAREN KATZ TO RETIRE AND REMAIN ON BOARD OF DIRECTORS

DALLAS, Texas, 2018-Jan-10 — /EPR Retail News/ — Neiman Marcus Group (Neiman Marcus), the leading luxury fashion retailer, today ( January 5, 2018) announced the retirement of Karen Katz from the role of President and Chief Executive Officer, effective February 12, 2018. Luxury fashion and retail veteran Geoffroy van Raemdonck has been appointed to succeed Katz as the Company’s new Chief Executive Officer. Katz will continue to serve on the Company’s Board of Directors and will work closely with van Raemdonck to facilitate a seamless transition process. The appointment is part of a long-term leadership succession planning process to ensure continued growth and evolution of the Company.

“As CEO, Karen helped establish Neiman Marcus as a digital leader in luxury fashion and retail and put the Company on a path for long-term growth. We are extremely grateful for her vision and significant contributions, which have spanned over 30 years at the Company, including the last seven as CEO, and look forward to continuing our work together on the Board,” said David Kaplan, Chairman of the Board.

Kaplan continued: “We are thrilled to welcome Geoffroy to Neiman Marcus and look forward to extending the Company’s positive momentum under his leadership. He is a global industry leader and business builder with exceptional vision and energy. The entire board is confident that Geoffroy’s
leadership will add significant value to the Company, our partners and our customers.”

Katz introduced Neiman Marcus to new customers and deepened relationships with the Company’s core shopper, while establishing Neiman Marcus as the leader in luxury online retail. She led the implementation of the Company’s Digital First strategy, which continues to drive growth. Currently, the Company’s online business represents more than 30% of total revenues. Most recently, investments made in new technologies and marketing tools drove a marked improvement in the first fiscal quarter of 2018, with comparable sales rising for the first time in more than two years.

“It has been a unique privilege serving as CEO, and I am proud of the substantial progress and success our team has achieved,” Katz said. “Geoffroy has an impressive track record of success at luxury brands, and he is the right person to lead the Company through this next phase of growth.”

“Neiman Marcus manages one of the most iconic brand portfolios in fashion retailing, and I am excited to build on the great foundation Karen created during her tenure,” said van Raemdonck. “I look forward to working closely with the leadership team, the Company’s 14,000 employees globally and our luxury brand partners as we continue to innovate and engage our loyal customers in new ways.”

Prior to Neiman Marcus, van Raemdonck served as Group President for EMEA and Global Travel Retail at Ralph Lauren, where he led the transformation of all Ralph Lauren brands across full and off-price stores, wholesale and digital. His accomplishments include delivering strong double-digit profit growth over multiple years, expanding gross margin and increasing distribution quality. Previously, van Raemdonck served as CEO at St. John Knits International, Inc., where he launched a turnaround of the American luxury house leading to significant performance improvements. Prior to that, he held a variety of global leadership roles at Louis Vuitton from 2008 to 2013 and was most recently President South Europe where he elevated brand perception and consumer experience in 22 countries and led a team of 1,200 employees across retail, marketing, PR, merchandising, supply chain, finance and HR. Earlier in his career, van Raemdonck held executive leadership positions at L Brands, Inc. He began his career at Boston Consulting Group, where he spent nearly a decade developing and implementing growth strategies on behalf of consumer and brand-driven clients. He holds an MBA from the University of Chicago, and a Master of Business and Sciences from the Université catholique de Louvain in Belgium.

About Neiman Marcus Group:
Neiman Marcus Group LTD LLC is a luxury, multi-branded, omni-channel fashion retailer conducting integrated store and online operations under the Neiman Marcus, Bergdorf Goodman, Last Call, Horchow, CUSP, and mytheresa brand names.

For more information, visit www.neimanmarcusgroup.com.

Contact:
Mimi Crume Sterling
Vice President, Corporate Communications & Public Relations
Neiman Marcus
mimi_sterling@neimanmarcus.com

Source: Neiman Marcus Group

The National Retail Federation announces the retirement of SVP and General Counsel Mallory Duncan

WASHINGTON, 2017-Jun-22 — /EPR Retail News/ — The National Retail Federation today (June 21, 2017) announced the retirement of Senior Vice President and General Counsel Mallory Duncan, a veteran lawyer and lobbyist who has guided the retail industry through legal, legislative and regulatory battles over credit card fees, bankruptcy law, privacy issues and other topics for more than two decades.

“Whether you’re appealing to the Supreme Court, testifying before Congress or meeting at the White House, Mallory is the lawyer you want by your side,” NRF President and CEO Matthew Shay said. “There is no brighter legal mind in the retail industry, and nobody understands the complexities and nuances of the issues he follows better than he does. He has been indispensable to me as a trusted advisor and I am sorry to see him go.”

“Working in the retail industry has given me the opportunity to play an exciting part in some of the most interesting issues of our day,” Duncan said. “Retail isn’t just stores and shopping. It’s about the economy, jobs and public policy issues that run the gamut from taxes to trade. I’ve spent the biggest part of my career representing retailers, but a large part of that is improving retailers’ ability to serve everyday consumers. I’d like to think I’ve helped restore the alignment of Main Street retailers and their customers against unfair practices that threaten them both.”

Duncan will leave NRF at the end of August but will continue to provide counsel on payments and other issues as a consultant.

“Mallory informed me earlier this year of his intention to retire at the end of the summer, and we have been actively engaged in searching for his successor,” Shay said. “We expect to make an announcement soon.”

Duncan joined NRF as general counsel in 1994. As such, he is responsible for all of NRF’s legal affairs, both directly and through coordination of outside counsel. As a member of the NRF executive team, he helps execute the federation’s strategic mission of advocacy, communications and education on behalf of the industry. He also manages the NRF General Counsels Forum, which is made up of chief legal officers at many of the nation’s best-known retail companies.

Duncan is best known as one of the retail industry’s leading voices for reform of credit card industry fees, rules and practices to make the card industry more transparent and competitive, an area where he has played a significant role since the mid-1990s. The announcement of his retirement comes after NRF’s recent victory in convincing the House to drop efforts to repeal reform of debit card swipe fees. In recent years, Duncan headed NRF’s legal challenge of the Federal Reserve’s 2011 cap on debit card swipe fees as too high and another legal action that said a record-setting $7.25 billion settlement with banks over credit card swipe fees in 2012 was too low. Both cases went to the U.S. Supreme Court, which let the debit swipe cap stand but returned the credit card case to the trial court for additional proceedings.

Prior to joining NRF, Duncan served as senior counsel in the Washington office of J.C. Penney, where he advised the company on state and federal legislative and regulatory issues. He was previously a senior attorney in the Office of Policy Planning at the Federal Trade Commission, where he wrote the commission’s Policy Guidance on Civil Penalties, and was an associate at the law firm of Sutherland, Asbill and Brennan. The Los Angeles native is a graduate of Pomona College and Yale Law School.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

Contact:
J. Craig Shearman
(202) 626-8134
press@nrf.com
(855) NRF-Press

Source: NRF

The Save Mart Companies announces retirement of Steve Junqueiro

Modesto, CA, 2017-Jun-02 — /EPR Retail News/ — After a remarkable 43 years of dedicated service with The Save Mart Companies, Steve Junqueiro has announced that he will retire on June 1. As he steps away from his day-to-day role, Steve will remain actively involved in the company by maintaining his position on The Save Mart Companies board of directors and joining The Save Mart Companies C.A.R.E.S. Foundation board of directors.

“I’m so grateful to The Save Mart Companies for the challenging and fulfilling career it has provided me over the years. I’ve sustained lifelong friendships here and have been fortunate to witness, participate in and lead many of the company’s defining moments. As we move through this new phase of The Save Mart Companies, I feel confident that the momentum, vision and energy we have today will carry the company to new heights. This is the right time for me to step aside, enjoy retirement with my family and smile knowing all that we have accomplished together here at The Save Mart Companies,” Steve explained.

Steve’s career with Save Mart began in 1974 as a produce clerk in Tracy #15 and Manteca #12. With his keen eye for merchandising and operational leadership, Steve quickly worked his way up through the business. In June 1994, Steve was promoted to Director of Produce and Floral to replace the retiring Frank Siciliani, the company’s first Produce Director. In June 2004, Bob asked Steve to join the Executive Committee and elevated him to Vice President of Operations. To oversee the huge acquisition in 2007, Steve became Executive Vice President. Since then, Steve has remained in executive roles including President and Chief Operating Officer.

“I’m so thankful for the many years of dedication and service that Steve has given to The Save Mart Companies and to my family. He’s been an integral part of the company’s success. I’m looking forward to working with Steve in this new capacity and wish him all the best during this exciting time in his life,” said Nicole Pesco.

Throughout his career, Steve has served on many industry and charitable boards including the Food Marketing Institute, California Grocers Association, Produce Marketing Association, Western Association of Food Chains, and the City of Hope. In 2011 Steve was inducted into the California Grocer’s Hall of fame. He has also received several industry and leadership accolades, including: 2000 Produce Merchandising’s 2000 Retailer of the Year, 2002 The Packer’s 2002 Produce Marketer of the Year, and the 2010 Boy Scouts of America Distinguished Citizen Award.

Steve and his wife, Theresa, have been married for 42 years. Their son Steven lives in Modesto with his wife Noemi and Steve’s four grandchildren: Sophia, Mia, Steven III and Michael. Their daughter Natalie and husband Randy, live in Southern California.

Operations & Supply Chain will report to the CEO

The office of the president will be absorbed by Nicole Pesco as the Chief Executive Officer. Frank Capps, Mike Haaf and Randy Slentz, the banner General Managers, as well as James Orr, Sr. Vice President and Chief Supply Chain Officer, will now report to Nicole.

Greg Hill continues in role as Chief Financial Officer

With this strategic realignment, Greg Hill will continue in his role as Chief Financial Officer with responsibility for Finance, IT, Real Estate and Engineering. Greg joined TSMC in 2012 with extensive experience in corporate leadership, serving on executive teams for both private and public companies as chief financial officer, general manager, and chief executive officer.

Chris McGarry named Chief Administrative Officer

Chris McGarry has been named The Save Mart Companies Chief Administrative Officer, assuming responsibility for the Strategy Office and Strategic Execution, Human Resources, Legal and Labor Relations. Chris has served as the Strategy Office Lead with accountability for driving the work of the Strategy Reset. Before joining TSMC, Chris was with The Great Atlantic & Pacific Tea Company (A&P) for 12 years with his most recent role as the Chief Administrative Officer. Chris is a seasoned strategic advisor of boards of directors and senior executives with solid results in managing financial, legal, risk, real estate, human resources and other functional areas.

Source: Foodmaxx

Dollar General Corporation announces the retirement of its EVP and CMO James “Jim” W. Thorpe

GOODLETTSVILLE, Tenn., 2017-Mar-22 — /EPR Retail News/ — Dollar General Corporation (NYSE: DG) today ( March 16, 2017) announced James “Jim” W. Thorpe , executive vice president and chief merchandising officer (CMO), will retire from Dollar General effective April 15, 2017.

“Jim’s strong understanding of our core customer and passion for our business have been instrumental in driving innovation in our merchandising initiatives,” said Todd Vasos, Dollar General’s chief executive officer. “When Jim rejoined the company in 2015, we agreed upon a clear set of objectives for his tenure as CMO. As I knew he would, Jim has delivered on the merchandising strategies we identified as our highest priorities. I’m grateful for his contributions and wish Jim and his family the best in the future.”

“Being at Dollar General has been the highlight of my career. I have been very fortunate to work with talented executives and an exceptional merchandising group. While I’m excited for the next chapter, I will miss being part of such a great team and I have no doubt Dollar General will continue to grow and lead the way in the small-box discount retail business,” said Thorpe.

Thorpe joined Dollar General in 2006 and served as its Senior Vice President and General Merchandise Manager until July 2012. He returned to Dollar General as Executive Vice President and CMO in August 2015. Prior to Dollar General, Thorpe served in merchandising leadership positions with Sears Holdings Corporation and in marketing roles with Zenith Data Systems and MAXIMA Corporation.

Dollar General has started a search for a successor and will consider both internal and external candidates for the job.

About Dollar General Corporation

Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. With 13,320 stores in 43 states as of February 3, 2017, Dollar General is among the largest discount retailers in the United States. In addition to high quality private brands, Dollar General sells products from America’s most-trusted brands such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg’s, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola. Learn more about Dollar General at www.dollargeneral.com.

Contact(s):
Investor Contacts:
Mary Winn Pilkington
615-855-5536

Matt Hancock
615-855-4811

Media Contacts:
Dan MacDonald
615-855-5209

Crystal Ghassemi
615-855-5210

Source: Dollar General Corporation

Defense Commissary Agency announces retirement of its Director and CEO Joseph H. Jeu

FORT LEE, Va., 2017-Feb-10 — /EPR Retail News/ — Defense Commissary Agency Director and CEO Joseph H. Jeu announced today (Feb. 2, 2017) that he will retire June 3 after more than 38 years of federal service. Jeu has served as DeCA’s director since January 2011.

Over the course of his six and a half years as DeCA director, Jeu has guided the agency through an enormous and challenging transformation; set an aggressive strategic direction to ensure the relevance of the commissary benefit for generations to come; and provided direction and oversight for the modernization of DeCA’s supply chain management systems.

His plan for transforming the commissary business model set in motion actions to transition the commissary benefit from an “at cost” benefit to a “variable-price” business model, intended to preserve the future of the benefit while reducing the agency’s reliance on appropriated funds.

Under his direction, the agency also acquired, developed and began deploying its Enterprise Business Solution (EBS), one of the most impactful business initiatives the agency had ever undertaken, which would modernize DeCA’s legacy business systems and revitalize the way it does business.

In announcing his retirement, Jeu noted, “The transformation is well on its way and the right people are in place to see it through. It’s time for me to leave it in their capable hands.”

About DeCA:

The Defense Commissary Agency operates a worldwide chain of commissaries providing groceries to military personnel, retirees and their families in a safe and secure shopping environment. Commissaries provide a military benefit and make no profit on the sale of merchandise. Authorized patrons purchase items at cost plus a 5-percent surcharge, which covers the costs of building new commissaries and modernizing existing ones. By shopping regularly in the commissary, patrons save thousands of dollars annually. A core military family support element, and a valued part of military pay and benefits, commissaries contribute to family readiness, enhance the quality of life for America’s military and their families, and help recruit and retain the best and brightest men and women to serve their country.

Media Contact:
Kevin L. Robinson
(804) 734-8000, Ext. 4-8773
kevin.robinson@deca.mil

Source:  Defense Commissary Agency (DeCA)

Abercrombie & Fitch Co. announces retirement of its EVP of Sourcing Diane Chang

New Albany, Ohio, 2016-Nov-08 — /EPR Retail News/ — Abercrombie & Fitch Co. (NYSE: ANF) (the “Company”) announced today ( November 3, 2016) that Diane Chang will retire from her position as Executive Vice President of Sourcing effective June 24, 2017.  She will remain with the Company in a full-time capacity through the end of the Company’s 2016 fiscal year, January 28, 2017, and will then provide transition support on a part-time basis until her retirement date. A search will begin immediately for Ms. Chang’s successor.

Commenting on the announcement, Arthur Martinez, Executive Chairman, said: “The Board and I are grateful for Diane’s contributions during her long tenure with the Company. We invite everyone in the A&F family, including our external vendor partners, to join us in congratulating Diane on an outstanding career.”

“Diane has been a great partner to me in my time at A&F.  Diane’s love for our brands and her commitment to success will be missed. We wish her the best in her retirement,” said Fran Horowitz, President and Chief Merchandising Officer.

“I am extremely fortunate to have grown with Abercrombie & Fitch over many successful years, and I look forward to helping ensure a smooth transition.  I will truly miss my wonderful colleagues and the unique culture that defines A&F and our brands, and I am confident about the Company’s future path,” said Ms. Chang.

Ms. Chang, 60, joined Abercrombie & Fitch in 1998, and has been the Company’s Executive Vice President of Sourcing since 2004.

About Abercrombie & Fitch
Abercrombie & Fitch Co. is a leading global specialty retailer of high-quality, casual apparel for Men, Women and kids with an active, youthful lifestyle under its Abercrombie & Fitch, abercrombie kids and Hollister Co. brands.  At the end of the second quarter, the company operated 744 stores in the United States and 182 stores across Canada, Europe, Asia and the Middle East. The company also operates e-commerce websites at www.abercrombie.com and hollisterco.com.

Media Contact:
Michael Scheiner
Abercrombie & Fitch
(614) 283-6192
Public_Relations@abercrombie.com

Investor Contact:
Brian Logan
Abercrombie & Fitch
(614) 283-6877
Investor_Relations@abercrombie.com

Source: Abercrombie & Fitch Co.

McDonald’s Corporation announces the retirement of Chief Administrative Officer Pete Bensen

OAK BROOK, IL, 2016-Aug-03 — /EPR Retail News/ — McDonald’s Corporation (NYSE:MCD) today announces the retirement of Chief Administrative Officer Pete Bensen after 20 years with the company on September 2, 2016.

“Throughout his career with McDonald’s, Pete has been a strategic partner, a tireless advocate and an influential contributor to our brand’s success,” McDonald’s President and CEO Steve Easterbrook said. “We thank him for his steadfast leadership and his valuable expertise. We know Pete has looked forward to spending more time with his family, and we wish them all the best.”

As a result of Mr. Bensen’s retirement, McDonald’s will announce additional organizational changes in the coming weeks.

“After two decades with McDonald’s, few things mean more to me than this brand, but one of those things is family. I’m proud of the work we’ve done here at McDonald’s and, in particular, over the past 20 months,” Mr. Bensen said. “I look forward to seeing the System go even further and becoming the modern and progressive burger company we all know McDonald’s will be.”

About McDonald’s
McDonald’s is the world’s leading global foodservice retailer with over 36,000 locations in over 100 countries. More than 80% of McDonald’s restaurants worldwide are owned and operated by independent local business men and women.

CONTACT:

Investors:
Chris Stent
630-623-3801

Media:
Terri Hickey
630-623-5593

Source: McDonald’s Corporation

Hudson’s Bay Company announces the retirement of its Vice Chair Bonnie Brooks on December 31, 2016

TORONTO & NEW YORK, 2016-Jul-07 — /EPR Retail News/ — Hudson’s Bay Company (“HBC”) today announced that Bonnie Brooks, Vice Chair, HBC will retire on December 31, 2016. Brooks’s retirement culminates an illustrious 40-year career in fashion retail and marketing, including more than eight years at HBC. From 2008-2012 she was the first female CEO and President of Hudson’s Bay during the transformation of the banner in Canada.

“It has been a privilege to work with the team at Hudson’s Bay Company, a true Company of Adventurers. We have seen tremendous change since I joined the Company, and I am incredibly proud of what we accomplished together. I look forward to watching the continued success of HBC,” stated Brooks.

Brooks’s career included 12 years at Holt Renfrew where she led the retailer’s merchandising and marketing functions, followed by 11 years in Hong Kong and the reinvention of the Lane Crawford department stores in Asia. In 2008, Brooks returned to Canada to join HBC as CEO and President of Hudson’s Bay, later becoming President of the Department Store Group in 2012 with the integration of Lord & Taylor. Publicly and professionally recognized for her many roles in fashion retail, she was the Parsons School of Design Honouree in 2013 in NYC and was awarded the Ivey Business Leader of the Year in Canada in 2014.

“Bonnie has been a very strong leader who, from day one, was integral to the reinvention of Hudson’s Bay,” stated Richard Baker, Governor and Executive Chairman, HBC. “We are extremely grateful for her contributions to the company and wish her well in her retirement.”

About Hudson’s Bay Company

Hudson’s Bay Company is one of the fastest-growing department store retailers in the world, based on its successful formula of driving the performance of high quality stores and their all-channel offerings, unlocking the value of real estate holdings and growing through acquisitions. Founded in 1670, HBC is the oldest company in North America. HBC’s portfolio today includes ten banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with more than 460 stores and 66,000 employees around the world. In North America, HBC’s leading banners include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, and Saks OFF 5TH, along with Find @ Lord & Taylor and Home Outfitters. In Europe, its banners include GALERIA Kaufhof, the largest department store group in Germany, Belgium’s only department store group Galeria INNO, as well as Sportarena. HBC has significant investments in real estate joint ventures. It has partnered with Simon Property Group Inc. in the HBS Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.

Contact:

Hudson’s Bay Company
Tiffany Bourré
Director, External Communications
905-595-7184
tiffany.bourre@hbc.com

Source: Hudson’s Bay Company