President of Aeropostale to retire
New York — Aeropostale announced the retirement of president Michael Cunningham, effective March 29. He will remain on the board of directors.
"Over the past 12 years, Michael has been an incredible partner and friend, and a highly respected leader within our organization,” said CEO Thomas P. Johnson. “Michael has been a key contributor to the evolution of our business as a multi-brand and multi-national specialty retailer. In particular, he has been instrumental in building Aeropostale’s best in class financial and business operations.”
Cunningham’s responsibilities will be taken over by existing staff. Johnson will assume responsibilities over information technology, Marc D. Miller, executive VP and CFO, will assume responsibilities over planning and allocation, and Mary Jo Pile, EVP customer engagement will assume responsibilities over construction, logistics and real estate.
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.