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The Children’s Place names new CFO

BY Staff Writer

Secaucus, N.J. — The Children’s Place Retail Stores announced Wednesday it has named Steven Baginski to the position of CFO, reporting to COO Eric Bauer.

Baginski spent eight years with Limited Brands, most recently as senior VP corporate finance.

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Charming Shoppes selects Manhattan SCOPE to drive DC efficiencies

BY Staff Writer

Atlanta — Supply chain optimization provider Manhattan Associates said Wednesday that Charming Shoppes has selected solutions from the Manhattan SCOPE supply chain portfolio to optimize its distribution, transportation and distributed order processes in its Greencastle, Ind., distribution center.

Charming Shoppes, parent to Lane Bryant, Cacique, Fashion Bug and Catherines Plus Sizes, selected Manhattan’s Warehouse Management, Slotting Optimization and Labor Management solutions from the Distribution Management suite of the Manhattan SCOPE portfolio, along with the complete Transportation Lifecycle Management suite of solutions.

“Manhattan’s Warehouse Management System will be the focal point of the upgrade project in our distribution center, after which we will look to Manhattan to assist us in enabling other multichannel fulfillment strategies,” said Bryan Eshelman, executive VP and chief supply chain officer, Charming Shoppes.

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Search for Children’s Place CFO ends with former Limited exec

BY CSA STAFF

SECAUCUS, N.J. — More than a year after The Children’s Place Retail Stores began its search for a new chief financial officer, following the departure of EVP finance and adminstration, Susan Riley, the company has named Steven Baginski as CFO. He will report to Eric Bauer, COO. 

Baginski’s experience includes most recently serving as CFO of apparel manufacturer Kellwood Company and prior to that serving as chief adminstrative officer at Hercules Tire & Rubber Company.Previously, he spent eight years with Limited Brands, where he held several senior level finance positions, culminating in his role as SVP corporate finance. Prior to Limited Brands, he served in financial roles of increasing responsibility for American Airlines Company and Pepsico, and was CFO of FMC Gold Company, a publicly traded precious metals exploration and production company. Baginski earned his BS degree in operations research and industrial engineering, and his MBA from Cornell University.

"Steve is a seasoned financial executive with a deep knowledge of the retail apparel business," commented Jane Elfers, president and CEO. "In addition to his strong financial background, he has extensive experience in IT, logistics and procurement which makes him a great asset as we continue our focus on operational excellence."

For its most recent quarter, Children’s Place reported a comps decline of 2.7% and a drop in income from continuing operations after tax from $32.7 million, or $1.24 per diluted share, to $24.2 million, or 97 cents per diluted share.

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