OPERATIONS

Abercrombie & Fitch promotes CFO Ramsden to COO

BY Dan Berthiaume

New Albany, Ohio — Abercrombie & Fitch Co. has promoted Jonathan E. Ramsden, currently the company’s executive VP and CFO, to the position of COO, a new role at the company. Ramsden will continue to serve as CFO, in addition to his COO role, until a new CFO is appointed.

Ramsden, 49, has been with Abercrombie & Fitch since December 2008. He previously served as CFO of TBWA Worldwide, a global advertising and marketing services company. Ramsden will work closely with CEO Michael S. Jeffries, as well as the new brand presidents, who will report to Jeffries and oversee the Abercrombie & Fitch and Abercrombie Kids brands, and the Hollister brand, respectively. The company is making progress in its search for brand presidents and will provide additional information when appropriate.

"Jonathan’s responsibilities have progressively expanded well beyond the CFO role, and this new position will enable Jonathan to work closely with me in managing the overall execution of our long-range strategic plans,” said Jeffries. “Along with the new brand president positions, the creation of the new COO role will ensure we are organized for renewed growth and success going forward."

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Anna’s Linens names Gladstone CEO

BY Dan Berthiaume

Costa Mesa, Calif. – Anna’s Linens has named company president Scott Gladstone CEO. Founder and former CEO Alan Gladstone will remain as chairman of the board.

Gladstone, 44, joined Anna’s Linens in 2005 and was named president of the company in 2012. Prior to joining Anna’s, Gladstone spent 10 years as president of the U.S. division of Sparco, a global manufacturer of automotive performance products and safety equipment.

“Scott has spent the last eight years at Anna’s bringing innovation and business improvements to many different areas of the company,” said Gladstone. “I am proud of what we have done together and have absolute confidence that he is the person who can lead us in writing the next chapter of Anna’s history.”

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Report: Amazon plans in-store Kindle checkout

BY Dan Berthiaume

Seattle – Amazon.com reportedly plans to provide Kindle-based checkout for brick-and-mortar retailers, possibly as soon as summer 2014. According to the Wall Street Journal, sources who have been briefed said Amazon is considering offering retailers free Kindle hardware, as well as providing data analysis and site development services.

Amazon.com did purchase technology and hire some engineers from GoPago, a San Francisco-based startup that developed a smartphone-based checkout system for in-store retailers, in 2013. Sources indicated this project is not definite and may be canceled.

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