OPERATIONS

Armani exec named CEO of Victoria’s Secret Direct

BY CSA STAFF

Columbus, Ohio — Victoria’s Secret Direct said Thursday that former Giorgio Armani Corp. CEO Bridget Ryan-Berman has been named CEO of the Internet and catalogue division of Victoria’s Secret and a subsidiary of Limited Brands.

Ryan-Berman replaces Pia Ferrario, who will remain as CEO through the holiday season and then transition into an advisory role with the company.

Ferrario joined Limited Brands in 1989 and was named CEO of Victoria’s Secret Direct in 2007.

Prior to her career at Armani, Ryan-Berman was COO of Apple’s retail division.

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OPERATIONS

Stein Mart extends credit card program with GE Capital

BY Staff Writer

Stamford, Conn. — Stein Mart and GE Capital’s Retail Finance business announced Friday the multi-year renewal of the Stein Mart co-branded credit card program.

Plans with the new agreement include launching a private label Stein Mart credit card in early 2012 that will be integrated into the customer loyalty program to drive sales and customer engagement.

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OPERATIONS

Target’s online president resigns

BY Katherine Boccaccio

Minneapolis — Target Corp. said Thursday that the president of Target.com, Steve Eastman, has departed the company to pursue other opportunities.

The retailer said the decision is unrelated to the performance of its online business. However, the crash of its website last month during the launch of its exclusive Missoni collection led to much criticism.

Eastman is the second major executive to leave Target this month.

Target’s top marketing chief, Michael Francis, recently resigned to join J.C. Penney Co. as its new president.



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