US: Wet Seal appoints Goodman as CEO
Goodman has 25 years of apparel industry experience, at companies such as Gap, Levi's, Mervyn's and Bloomingdales.
"The committee conducted an extensive search since assuming control of the process after installation of the new board in October," said company chairman Lynda Davey.
"We found John's energy and passion for the fashion industry and, in particular, his understanding of the junior customer perfectly aligned with the attributes we were seeking in a chief executive officer.
"He is a team builder and has a proven record of success as a CEO; and expertise in the teen fashion apparel specialty business. As an active Wet Seal director, John has already developed a strong working relationship with the executive team. We feel certain that this will expedite the improvement in operating performance and the prospects for profitable growth."
The Wet Seal replaced three board members in October last year as it worked to settle a proxy battle with dissident shareholder Clinton Group.
The company recorded a third quarter loss in November, hit by legal costs, impairment charges and falling sales. It swung to a US$14.8m loss from a $3.7m profit a year earlier. Excluding the charges, net loss would have been $9.7m.
UK department store retailer John Lewis has appointed Paula Nickolds as its new buying and brand director, succeeding Peter Ruis, who has been named CEO of clothing chain Jigsaw....
Children's apparel retailer The Gymboree Corporation has appointed Levi Strauss & Co executive Joelle Maher as the company's new chief operating officer....
The Zero Discharge of Hazardous Chemicals (ZDHC) Group has launched version two of its Joint Roadmap, aimed at attaining a "new standard of environmental performance for the global apparel and footwea...
US retailer The Wet Seal has appointed Lesli Gilbert as EVP, stores and operations. ...
Denim giant Levi Strauss & Co has introduced its lower-priced Denizen jeans line to Canada as part of ongoing expansion efforts. ...
Improved merchandise margins have helped The Wet Seal return to profit during the first quarter, with the teen apparel retailer remaining optimistic in its outlook....
- M&S to launch supply chain human rights policy
- VF pushes ahead on chemicals management
- M&S project benefits garment worker health
- Can the Gap brand reclaim its iconic status?
- Key pieces of US trade agenda signed into law
- C&A to add "accurate fit" label to garments
- China cotton stockpile auction may shake up market
- Myanmar makers mull shut-downs over wage plans
- WEBINAR: Compliance: Why has it failed?
- US retail landscape "mediocre" over next 5 years