US: Robert Dennis to become Genesco CEO
US footwear retailer Genesco has announced that Robert J Dennis will take over as chief executive at the company from 1 August.
Current Genesco chairman and chief executive officer Hal N Pennington will continue as executive chairman of the company.
Dennis was named president and chief operating officer of Genesco in October 2006, after a year as executive vice president and chief operating officer.
"Bob's assumption of the CEO role is a further step forward in our internal succession plan that began with his appointment as chief operating officer in 2005," said Pennington.
"The board's agreement with my recommendation to move ahead with the succession plan reflects our confidence that Genesco is well-positioned to continue the transition process at this time and that Bob is the right person to lead the company through the next phase of its strategic development."
Dennis had previously served as CEO of Hat World Corporation since 2001 before Genesco's acquisition it in 2004, and he was named a senior vice president of Genesco.
He said: "Since becoming a part of the Genesco management team four years ago, I have grown to appreciate the company's heritage, and have been impressed with the strategic strength of its businesses, its great potential as a platform for growth, and the tremendous talent and commitment of my fellow employees.
"I look forward to continuing to work with Hal and the rest of the management team to make the most of that strength and talent. I am honoured and excited to lead this company at this time."
The Black Friday shopping bonanza sets a precedent for holiday season sales in the US. But rarely has it been more important to fashion retailers as many try to manoeuvre their way out of the red afte...
Genesco has reported earnings from continuing operations of US$9.5m for the third quarter, compared to earnings from continuing operations of $5.6m last year....
- How apparel retailers should react to Brexit
- Big data helps Crystal Group sustainability gains
- Britain votes for Brexit – what happens next?
- Brexit and the apparel industry – what lies ahead?
- Brexit uncertainty over pending EU trade deals
- Under Armour opens manufacturing innovation hub
- Brexit to halt deflation in UK clothing sector
- Walmart's 'Made in USA' pledge misleading
- Nike faces domestic and future order headwinds
- Uniqlo said to be scaling back US expansion
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Primark Stores Limited: Retailing - Company Profile & SWOT Analysis
- Clothing & Footwear Retailing in Denmark
- Clothing & Footwear Retailing in Indonesia– Market Summary & Forecasts
- Luxury Goods Retailing in Europe, 2014-2019 ; Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape