US: Kohl's chief merchandiser resigns amid strategy shifts
The resignation of Donald Brennan, chief merchandising officer at Kohl's Corp, is seen by analysts as underscoring the shifting strategy currently underway at the department store operator.
Kohl's disclosed Brennan's departure in a filing today (25 March), noting that he will be leaving the company on 1 April.
The resignation is the latest in a line of management changes, and follows a 12% drop in fourth-quarter earnings to US$334m in the three months to 1 February, and a 3.8% slide in sales to $6.1bn.
It could also be positioning chief customer officer Michelle Gass "as front-runner for CEO in the future," according to UBS analyst Michael Binetti. Gass was hired from Starbucks in last year.
Binetti also notes that the CMO position is key at Kohl's as the company undergoes a merchandise strategy transition. But he points out that CEO Kevin Mansell was previously CMO, "so has a good working knowledge of the merchandising function to fill the gap during the search for a replacement."
In the interim, all merchants will report directly to CEO Kevin Mansell.
Inspection, testing and certification company SCS Global Services (SCS) has joined the Sustainable Apparel Coalition (SAC), and will promote its Higg Index sustainability measurement tool to help driv...
Lord Daniel Sportswear is implementing NGC's fashion ERP solution to help manage its growing apparel business....
- Global supply chain trends at Sourcing at MAGIC
- Why voters don’t want more global supply chains
- Denim and athleisure top picks for back-to-school
- What's 3D-printing doing for apparel and footwear?
- Labelling – The importance of the fine print
- H&M takes action over Myanmar child labour breach
- Vietnam garment industry calls for strategy update
- Li & Fung joins FTA in sustainable sourcing pledge
- US Q2 in brief - Express, The Buckle, Stein Mart
- Nike and Apollo create supply chain partnership
- Too Many Standards
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Under Armour, Inc. (UA) - Financial and Strategic SWOT Analysis Review
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- THE GAP, INC.: Retailing - Company Profile, SWOT & Financial Analysis