Former AEO exec to take on CEO role at Wet Seal
Foothill Ranch, Calif. — Specialty apparel retailer Wet Seal announced that it has entered into an employment contract with Susan McGalla to serve as its new CEO through Aug. 8, 2014. McGalla will assume her position as CEO on Jan. 18. Ed Thomas will remain as interim CEO until Jan. 18, and thereafter will remain employed by the company until Feb. 8, to assist with transition.
McGalla joins Wet Seal after her 14-year tenure with American Eagle Outfitters. She most recently served as its president and chief merchandising officer, leading a portfolio of four brands reaching customers ranging across the children’s, teen and young contemporary demographic spaces.
McGalla stated, “I am very excited to assume the CEO helm at Wet Seal. The company has tremendous growth potential, and the financial strength to execute its growth and other business strategies. I look forward to partnering with management and the board of directors to build upon the success of this well recognized juniors and young contemporary retail franchise.”
Target names executive committee members
Minneapolis — Two leaders of Target have been appointed to the retailer’s executive committee.
Tina Schiel, senior VP enterprise strategy and new business development, was promoted to executive VP stores and will join the executive committee, while Laysha Ward, who will retain her position as Target’s community relations president and Target Foundation president, also will join the executive committee.
Schiel has been with Target for more than 23 years joining the organization as a stores team member in 1987. Ward, a 19-year company veteran, has held a number of leadership positions across Target’s community relations organization and was named president of community relations and Target’s Foundation in 2008.
“Tina and Laysha are proven leaders who have played a significant role in Target’s success over the years,” said Gregg Steinhafel, chairman, president and CEO of Target. “Both women have a keen understanding of Target’s business and will bring valuable experience and unique insight to their new positions.”
Navarro Discount Pharmacies broadens reach
Miami — Navarro Discount Pharmacies has signed a lease for a new 14,000-sq.-ft. store in North Miami, Fla. With a store opening planned for the summer, North Miami will be the company’s 29th store location and its first new store opening since the airport location opened in 2007.
The move is part of the company’s three-year growth plan, which includes adding as many as 22 new store locations in Miami-Dade, Broward and Palm Beach Counties over the next three years, as well as remodeling up to five existing locations annually. Three existing stores, including Hialeah Gardens, were remodeled in the last 12 months.
"Being in North Miami will allow us to reach out to introduce our successful community pharmacy and discount model to additional ethnic groups and expand our loyal customer base," stated Steve Kaczynski, CEO of Navarro Discount Pharmacies.
According to the retailer, new store and existing store renovations include new merchandise layout, new colors, enhanced signage and improved services for customers, such as a pediatric pharmacy for busy parents, free compounding pharmacy services, a free Diabetes Club for adults and children with diabetes and free prescription delivery for all customers.
Other parts of Navarro’s overall growth plan include identifying new wholesale partnerships and business development opportunities, as well as adding e-commerce capabilities to its website for the Hispanic population that lives outside of Southern Florida.