US: The Wet Seal appoints Davey as chairman
Teen retailer The Wet Seal has appointed Lynda Davey as chairman following the resignation of Hal Kahn and three other directors.
Davey joins Dorrit Bern, Mindy Meads and John Mills, who were appointed directors last week, replacing Jonathan Duskin, Sidney Horn and Henry Winterstern and Kahn.
Davey said the team have the "qualifications necessary to put Wet Seal on the path to recovery".
She has previously served as chairman and CEO of investment bank Avalon Group and worked at merchant bank Tribeca Corp and Salomon Brothers.
Most recently, Bern served as CEO and president of plus-size apparel specialist Charming Shoppes, which was acquired by women's wear retailer Ascena Retail Group earlier this year. Meads and Mills have both worked at teen retailer Aeropostale. Meads has also held positions at Lands' End and children's clothing business Gymboree.
Meads has been appointed chairman of the Nominating and Governance Committee while Bern has been named chairman of the Compensation Committee. Ken Reiss, who was among the continuing Wet Seal directors, will serve as chairman of the Audit Committee.
2013 got off to a strong start for US clothing and footwear retailers in January, with many reporting their best performance since September 2011....
The following is a general roundup of US apparel and shoe retailers' January 2013 sales results....
Speciality retailer The Wet Seal posted substantial losses for the fourth quarter and full year, impacted by falling sales and restructuring charges....
US value apparel retailer Body Central has announced a series of executive appointments across its merchandising and e-commerce departments....
Ascena Retail Group has named Linda Heasley as president and CEO of plus sized clothing retailer Lane Bryant, which it acquired last year. ...
US teen apparel retailer The Wet Seal has announced the resignation of Barbara Cook, its senior vice president of store operations, after less than two years in the post....
The Wet Seal has parted company with its president and chief operating officer Ken Seipel and 35 other employees as the teen apparel retailer implements a number of cost-saving initiatives. ...
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