C-SUITE

  • Mavericks CEO jumps to Under Armour

    Baltimore –  An executive from the sports world is moving into the retail arena.

    Terdema L. Ussery II has joined Under Armour Inc. as president, global sports categories, effective Sept. 14, 2015. Ussery previously served as the president and CEO of the Dallas Mavericks NBA team for the past 18 years.

    In his new position, Ussery will be responsible for spearheading category management across all key brand and business units around the world to drive authenticity and connectivity with consumers.

  • Aeropostale not replacing departing exec

    New York — Aeropostale is losing a key executive and not replacing her.

    The retailer announced that its chief merchandiser, Executive VP Emilia Fabricant, is leaving the company. Effective immediately, the company's senior merchandising team will report to CEO Julian R. Geiger.

    The retailer said there are no plans to seek a replacement for Fabricant at this time.

  • Abercrombie annual meeting: Changing of the guard

    New York — Less drama and fewer flipflops — those were some of the changes at Abercrombie & Fitch Co.’s annual meeting on Thursday, Columbus Business First reports. It was the first annual gathering since longtime, controversial CEO Michael Jefferies left the company. For the full story, click here. 

  • Pep Boys names Hertz veteran as CEO

    Philadelphia — The Pep Boys: Manny, Moe & Jack named Hertz Corp. veteran Scott P. Sider, 54, as its new CEO, effective June 15. He most recently served as group president of Hertz Corporation’s largest division, Rent A Car Americas, with over 3,200 locations.

    The announcement comes more than eight months after Pep Boys CEO Michael Odell resigned on the heels of disappointing second quarter earnings.

  • Lumber Liquidators promotes marketing head, cuts merchandising chief

    Toano, Va. – The executive shakeup continues at Lumber Liquidators as the company integrates the leadership of its merchandising and marketing departments. Marco Q. Pescara, the company's chief marketing officer since 2006, has been promoted to serve as chief merchandising and marketing officer effective June 19.

    Pescara will lead the company's marketing and merchandising functions. The employment of William K. Schlegel, current chief merchandising officer, will be terminated effective June 19.

  • Gordon Brothers Europe names veteran executive as president

    London, U.K. — Gordon Brothers Europe (GBE), a firm specializing in restructurings for the retail, commercial and industrial sectors, has named Heinz Weber as president, overseeing the European subsidiary of Gordon Brothers Group. Weber has more 10 years of leadership experience with GBE, including managing director, head of D-A-CH (Germany, Austria, Switzerland), in a 20-plus-year career.

  • HSN names Fruit of the Loom exec Cornerstone president
    St. Petersburg, Fla. - HSN Inc. has named Jeffrey Kuster as president of Cornerstone and executive officer of HSNi. Kuster, 48, has held various leadership positions in the apparel, fashion and retail industries, most recently as executive VP, chief marketing and strategy officer for Berkshire Hathaway's Fruit of the Loom.  

  • Chief merchandiser of Walmart out
    BENTONVILLE, Ark. — The merchandising organization at Walmart is being transformed again following the departure of executive VP and chief merchandising officer Duncan Mac Naughton. His departure, in turn, served as the linchpin for several other high level moves.  

  • Tuesday Morning taps interim CEO as permanent chief

    DALLAS — Closeout retailer Tuesday Morning announced the appointment of Michael Rouleau to CEO, effective immediately. Rouleau, who was appointed interim chief executive in March 2013, will also continue to serve on the company's board of directors, which he joined in November 2012.

  • Best Buy profit tops Street, helped by cost cutting

    MINNEAPOLIS — Best Buy said it earned $266 million in the second quarter, compared with a profit of $12 million in the year-ago period, amid cost cuts. Its results beat Wall Street expectations.

    Revenue for the quarter, ended Aug. 3, edged down to $9.3 billion, from $9.34 billion last year. Analysts expected $9.13 billion. Same-store sales fell 0.6%, including a 0.4% decline domestically. Online sales rose 10.5%.

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