US: Loft chief Donna Noce leaves Ann Taylor
Donna Noce, president of the Loft division of Ann Taylor Stores Corp, is leaving the company for personal reasons.
Kay Krill, president and chief executive officer of the New York-based company, will succeed her on an interim basis while a successor is sought.
Noce last June was promoted to president of Loft from executive vice president of merchandise and design at the division. Earlier in her 10-year tenure with the firm, she was responsible for its factory division and for the launch of its online business.
Before joining Ann Taylor, she spent eight years with Lerner Stores and 10 years with Petrie Stores.
The company endured a difficult holiday season. In December, the 856-unit chain suffered a 5.3% decrease in same-store sales, with the Loft unit enduring an 8.1% decline.
By Arnold J Karr.
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