US: Kurt Salmon appoints Cole as retail and consumer partner
Management consulting firm Kurt Salmon has appointed Macy's executive Tom Cole as a partner in its retail and consumer products group.
Cole, who spent more than 41 years at Macy's, most recently as its chief administrative officer, takes up the role with immediate effect.
"Tom's retail experience is, quite simply, unparalleled," said Madison Riley, heads of Kurt Salmon's North American retail and consumer products practice. "We plan to leverage his perspective on a whole range of client projects, from due diligence to operations transformation. He is going to add tremendous value to our team."
Former Macy's Vice-Chair and CAO Tom Cole Joins Kurt Salmon
NEW YORK (February 26, 2014) - Management consulting firm Kurt Salmon is pleased to welcome Tom Cole as a partner in its Retail and Consumer Products Group.
Mr. Cole spent more than 41 years at Macy's, Inc., most recently as the retailer's chief administrative officer. In addition to overseeing all of the company's administrative functions-from human resources to credit and customer service to store planning, design and construction-he helped transform Macy's structure and culture from one comprised of disparate divisions into a unified organization operating under a single banner anchored by three core strategic efforts: My Macy's localization, Omnichannel integration and MAGIC Selling customer engagement.
"The retail business has undergone many changes over the past 40 years," Mr. Cole said. "I am very excited to bring my experience as a retail executive during that time-and the unique view of the customer that it has yielded me-to the world-class team at Kurt Salmon."
Mr. Cole's retail career began in 1972, when he joined Polsky's, a division of the former Allied Stores, as a trainee, eventually rising to the position of assistant controller. He stayed with Allied until 1980, when he joined Federated Department Stores as vice president and controller of its I. Magnin division. Mr. Cole progressed through numerous roles at Federated, including president of Federated Merchandising Group and chairman and CEO of Macy's Logistics and Operations, Macy's Systems Group, and Macy's Credit and Customer Service Group, before being named a vice-chair of Federated in 2003, and then CAO of Macy's, Inc. in 2009. He was instrumental in Federated's acquisition of and merger with R. H. Macy in 1994, its acquisition of and merger with May Company in 2005, and the consolidation of the various Macy's regional brands into one unified corporate structure in 2009. He retired from Macy's, Inc. in June of 2013.
Mr. Cole has also served as the chair of numerous retail-related boards, including the policy board of the Center for Technology in Supply Chains and Merchandising at NYU Polytechnic; the board of the Voluntary Interindustry Commerce Solutions Association, which awarded him a lifetime achievement award in 2009; and the advisory board for the Deming Center at Columbia Business School, where he served from 2010 through 2013. He currently serves on the Fashion Advisory Board at Kent State University.
Madison Riley, who heads up Kurt Salmon's North American Retail and Consumer Products practice, praised Mr. Cole's operational expertise.
"Tom's retail experience is, quite simply, unparalleled," Mr. Riley said. "We plan to leverage his perspective on a whole range of client projects, from due diligence to operations transformation. He is going to add tremendous value to our team."
For more information or to arrange an interview with Tom Cole, please contact:
Original source: Kurt Salmon
Abstract About Children’s and Infant Wear Children's wear refers to clothing for children aged between 0 months to 10 years. It includes apparel such as outerwear, underwear, nightwear, socks and t...
This report provides information, analysis and valuable insight on developments relating to the home textile industry in the following categories: acquisitions, divestments and mergers; corporate soci...
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...
- How apparel retailers should react to Brexit
- US fashion firms share their sourcing strategies
- Britain votes for Brexit – what happens next?
- Retailers warned of high volatility in Brexit wake
- Lies and statistics – the sustainability version
- Columbia rain jacket a milestone in sustainability
- Myanmar factories prepare for compliance training
- ILO decent work in global supply chains criticised
- Alliance cuts ties with three more factories
- Online fabric platform to "revolutionise" buying
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing & Footwear Retailing in Indonesia– Market Summary & Forecasts
- Primark Stores Limited: Retailing - Company Profile & SWOT Analysis
- Clothing & Footwear Retailing in China – Market Summary & Forecasts
- Clothing & Footwear Retailing in Denmark