RadioShack beefs up executive team; new prototypes in works
Fort Worth, Texas — RadioShack Corp. formally announced that it has named two new leaders to its senior management team. Michael DeFazio has been named SVP – store concepts, and Jennifer Warren has been named SVP and chief marketing officer.
DeFazio’s responsibilities include the conceptualization, design, development and implementation of a new shopping experience for RadioShack consumers. He brings more than 36 years of retail experience to the company, including 30 years in store operations and merchandising. During the last six years, he led the transformation of store concepts for two retailers as both companies moved to become health and daily living destinations. During his tenure with Walgreens from 2011 to 2013, DeFazio established the Walgreens Well Experience store and all flagship stores for the company.
"I have worked with Mike since 2008, and know that he has a unique ability to reinvent the shopping experience from the outside in," said Magnacca. "He starts from the consumer perspective, and combines his experience as an operator and merchandiser with his talents as a visual and experiential designer to deliver an exciting, compelling and fun shopping experience to the store. Mike has been with the company only a few weeks, and he already has begun work on the transformation of our stores. We will be unveiling these new store prototypes over the next several months.”
Warren’s responsibilities will include leading all aspects of RadioShack’s marketing: brand strategy, advertising, corporate communications, social media, and online customer experience. Her experience includes leadership roles with agencies Razorfish, GSD&M and T-3.
"She joins us at an exciting and critical time in RadioShack’s history, as we set the stage for our stores’ and the brand’s evolution and growth,” Magnacca said. “Jennifer has a proven track record of transforming brands from the inside out, by aligning with its purpose to create a compelling, meaningful and fun experience for consumers. This fits exactly with what our near-term plans are for RadioShack."
Uniqlo to sponsor for MoMA’s free Friday night admission program
New York — Uniqlo will be the exclusive, multi-year, corporate sponsor of the Museum of Modern Art (MoMA) Museum’s Friday night free admission program, which provides free access to the public to the Museum and all exhibitions from 4 p.m. to 8 p.m., every Friday, throughout the year.
“Uniqlo Free Friday Nights” will launch on May 3. That evening, the first 1,000 visitors will receive a special Uniqlo tote bag. Also in May, the Museum will begin extending its public schedule to seven days per week.
“MoMA is my favorite museum in the world,” said Tadashi Yanai, chairman, president & CEO of Fast Retailing, parent of Uniqlo. “I am very pleased that we could open our Uniqlo flagship store on the same street as MoMA in New York City. It is an honor for us to be neighbors with MoMA on 53rd Street, such a prestigious and central location. I hope that together we can grow and deepen our relationships with the general public, and that the Uniqlo sponsorship can give even greater access to people from all around the world to visit such a leading international museum.”
Fomer Sports Authority president joins Hilco Trading division
New York — Dick Lynch has joined the SD Retail Consulting division of Hilco Trading as SVP merchandising and strategy.
In his new role, Lynch will be responsible for helping retailers create shareholder value through process, organization and technology enhancements in the key merchandising and inventory management functions. He will also play a key role in assisting management, owners and lenders in shareholder value creation assignments.
Most recently, Lynch served as a senior retail advisor for the past 10 year at Karabus Management. He also served as president and COO of The Sports Authority, interim CEO of Sur La Table, president of Paperchase U.S., and CEO at Hechinger following the company’s bankruptcy. Lynch will be rejoining Antony Karabus who serves as president of SD Retail Consulting.