Apparel retailer One Price Clothing Stores Inc has named Darrell Gold as senior vice-president of merchandise planning and allocation.

Gold was previously employed as the senior vice-president of merchandise planning and allocation for Ashley Stewart Ltd and Marianne's, both divisions of Urban Brands Inc.

"We are excited to have Darrell join our team to strengthen the all-important merchandise planning and allocation function," One Price CEO John Disa said.

"Darrell has an outstanding track record of shaping profitable merchandise assortments and we look forward to the positive impact we expect he will have on rebuilding One Price Clothing Stores Inc."

Meanwhile, the company has posted third quarter net sales of $61.94 million, down from $71.19m in the same period a year ago.

The company also recorded a net loss of $9.76m for the quarter, up on a loss of $8.02m in the three months to November 2, 2002.

One Price operates 550 stores across the United States, Puerto Rico and the Virgin Islands.