Cache names Jay Margolis as new CEO
New York — Cache announced that it has appointed Jay Margolis as chairman and CEO of Cache. Concurrent with the appointment, Thomas Reinckens will step down as chairman and CEO.
Margolis most recently served as president and CEO of Limited Brands’ Apparel Group (Express and Limited Stores), where he was responsible for revamping the product line and leading the successful operational turnaround of the businesses. Prior to Limited Brands, he was president, COO & director of Reebok International.
Outgoing chairman and CEO Reinckens commented: “We are excited to attract a leader of Jay’s caliber to the position of chairman and CEO of Cache. Jay is a highly accomplished merchant with proven success in strengthening assortments, growing revenues, increasing store productivity and driving product sales in new channels, all of which is expected to position our Company for sustained long term profitability and growth.”
Mood Media to retire Muzak brand name
Toronto — Mood Media announced that it is consolidating its portfolio companies — Muzak, DMX and Mood Media — into a single global brand under the Mood banner. Mood acquired Muzak, which was founded in 1934, in 2011.
“It’s the end of an iconic American brand,” said Lorne Abony, chairman and CEO Mood Media, in a New York Times report.
Mood provides a full range of solutions — music, digital signage, messaging, social/mobile applications, location-based services, scent marketing, and A/V systems design and implementation — to retail stores, hotels, restaurants and businesses of all sizes, across the globe.
“Integrating each of our component companies under the Mood brand reaffirms our steadfast commitment to deliver services driven by creative purpose and designed with intent to help clients differentiate and grow their business,” said Abony.
Banana Republic’s new ‘Love’ campaign includes partnership with Match.com
New York — Banana Republic is partnering with Match.com to host in-store meet and greet events for the online dating site’s subscribers in key markets, including San Francisco, New York, and Chicago. The partnership is part of the retailer’s newly announced “Love” global marketing campaign.
To further engage consumers, Banana Republic will ask their Instagram and Twitter followers to share photos of hearts for a chance to be featured in a special Valentine’s Day album posted on the brand’s Facebook page.