US: DSW names Michael MacDonald as president and CEO
Author: just-style.com | 26 March 2009
Branded footwear retailer DSW Inc has named Michael MacDonald as president and chief executive officer, taking over from Jay Schottenstein who is staying on as chairman.
MacDonald joins DSW in April from Shopko Stores, an affiliate of private investment firm Sun Capital Partners Inc, where he was chairman and CEO.
"Mike is a results-driven leader with a substantial breadth of experience in the retail industry," said Schottenstein.
"His strong background and leadership skills will serve us well in our continued growth of the DSW brand."
DSW, which operates 300 stores, yesterday (25 March) said it had swung to a fourth quarter loss of US$7.5m as same-store sales dipped 7.2%.
It also said it was almost halving capital expenditures in the year ahead.
Companies: DSW
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