US: Talbots' new owner names executive team
Sycamore Partners has completed the acquisition of troubled women's wear chain The Talbots and appointed a new executive management team.
The company has named Michael Archbold as CEO and CFO. He joins the company from the Vitamin Shoppe, where he was COO. He has also held senior roles at Saks, and AutoZone.
He replaces former CEO and president Trudy Sullivan, who revealed plans to leave the company in December last year.
Lizanne Kindler, who was previously executive vice president of product development at Kohl's Department Stores, has been named president. A former executive vice president at Talbots, she will be responsible for product development, merchandising and marketing.
And Michele Mandell, a 26-year veteran of Talbots and formerly the executive vice president of stores at the company, has been appointed COO.
"Talbots is a classic, American fashion retail brand with a strong foundation and an iconic reputation in women's retail," said Archbold.
"By restoring the company's focus on Talbots' classic styling, we will be able to reconnect with the company's historical customer base.
"Lizanne, Michele and I look forward to working closely with the other members of the Talbots' leadership team and the Company's more than 8,000 committed and hard-working associates to re-establish the brand as the category leader."
He added that the team could not have a better partner than Sycamore. "Their knowledge of the retail sector is unparalleled."
Talbots headquarters will remain in Hingham, Massachuetts and the company expects to maintain all of its other offices.
Faced with continuing challenging trading conditions in 2012, retailers responded with a number of different strategies to try to grow their businesses. International expansion, new and larger format ...
Retailers posted mixed December sales results as many were forced to discount heavily to drive sales in the weekend prior to Christmas, in the hope of making up for weaker sales earlier in the month....
The following is a general roundup of US apparel and shoe retailers' December 2012 sales results....
Strong Black Friday week sales were no match for the disruption caused by Hurricane Sandy, as US retailers hope to make up lost sales in December....
The following is a general roundup of US apparel and shoe retailers' November 2012 sales results....
US department store operator Kohl's is to use Oracle Retail's merchandising and planning applications to help integrate its core retail operations and support its multi-channel growth....
Bangladesh's woven garment exports grew by nearly 12% in the first half of the current fiscal year, helped by a shift in orders from China, exporters said....
- How M&S plans to revamp its clothing business
- Yarn-forward rules weigh on Vietnam TPP potential
- The difference between compliance and safety?
- Footwear to see "significant" gains from TPP
- Is China really going through a slump?
- Gap accused of rights violations in supply chain
- US Q1 in brief – Guess, Burlington Stores, Sears
- M&S to see "departure" of sourcing chiefs?
- Adidas Speedfactory eyes large-scale production
- H&M, Inditex and Nike rated supply chain leaders