OPERATIONS

Cache appoints Burberry exec as chief merchandise officer

BY Staff Writer

New York — Cache announced that Daphne Pappas has joined the company as EVP, chief merchandise officer. For the past 10 years, she served as VP general merchandising manager for Burberry America’s where she led the company’s women’s business.

Prior to Burberry, Pappas was the divisional merchandise manager of juniors sportswear at Macy’s East.

Jay Margolis, chairman and CEO, commented: “We are excited to attract Daphne to our leadership team as chief merchandising officer given her strong understanding of the Cache brand and business model, as well as her unique perspective to deliver a balanced mix of price points and promotions, and her history of creating a vision to substantially grow retail businesses.”

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H.Linh says:
Apr-03-2013 09:27 am

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Apr-03-2013 09:27 am

Here is a useful blog, thank you for your share.if you go to Vietnam, you go Hanoi Tours. Recent, I go to Du lịch Thái Lan, quite interesting or traveling to China is also impressive Du lịch Trung Quốc. but my favorite travel

News

Specialty apparel chain, Cache, names chief merchant

BY CSA STAFF

Cache Inc., a specialty chain of women’s apparel stores, has announced that Daphne Pappas has joined the company as EVP, chief merchandise officer.

Pappas brings more than 30 years of retail industry experience to Cache. For the past ten years, she served as VP general merchandising manager for Burberry America’s where she led the company’s women’s business. Prior to this, Pappas was the divisional merchandise manager of Juniors Sportswear at Macy’s East, a $150 million business in 82 stores.

Before Macy’s East, Daphne spent 13 years at Saks Fifth Avenue in various roles with increasing responsibility. In her most senior role at Saks she held the title of VP/director, merchandise manager of Bridge sportswear, coats, suits, dresses, and evening, which generated $162 million in 62 stores. In this role, she redirected and refocused the contemporary business in order to establish Saks as a leading contemporary retailer that appealed to a new and younger customer with great success. She also developed trend shops to set seasonal direction, and created and grew a new line of business, which offered higher levels of fashion that would differentiate Saks from its peers. Daphne grew the Bridge business over 20% in four years and repositioned the “Real Clothes” brand to satisfy lifestyle needs while successfully increasing gross margin.

Jay Margolis, chairman and CEO, commented, “We are excited to attract Daphne to our leadership team as chief merchandising officer given her strong understanding of the Cache brand and business model, as well as her unique perspective to deliver a balanced mix of price points and promotions, and her history of creating a vision to substantially grow retail businesses.

Daphne’s proven ability to interpret a brand vision and work collaboratively across all aspects of the business to deliver consistently strong selling assortments will be highly valuable to us as we position Cache to become a top destination for all of our customers lifestyle needs and to expand our consumer reach.”

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OPERATIONS

SEC: Companies can use social media to put out information

BY Marianne Wilson

New York — The Securities and Exchange Commission on Tuesday said that companies can social media platforms such as Twitter and Facebook to make significant announcements as long as they alert investors about which sites they plan to use for the disclosures.

"Most social media are perfectly suitable methods for communicating with investors, but not if the access is restricted or if investors don’t know that’s where they need to turn to get the latest news," said George Canellos, acting director of the SEC’s division of enforcement, in a statement.

The announcement was triggered by a probe stemming from a post last summer on the personal Facebook page of Netflex CEO Reed Hastings that stated Netflix’s monthly online viewing had exceeded one billion hours for the first time. The SEC said the information had not been revealed through more traditional means. The SEC said it did not initiate an enforcement action or allege wrongdoing in that case.

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