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GameStop is on the hunt for a new CEO

BY Deena M. Amato-McCoy

After only three months on the job, GameStop’s CEO is stepping down.

Michael Mauler is resigning from his role as CEO, effective immediately. He is leaving for personal reasons, according to the company.

Board member and GameStop co-founder Daniel DeMatteo will serve as interim CEO during the search for a new chief executive. DeMatteo previously served as CEO from August 2008 to June 2010.

Mauler was appointed as CEO in February. He succeeded Paul Raines, who resigned from all duties at the company in late January in order to focus on his health and family, according to reports. Raines had temporary stepped down as CEO in November 2017, to deal with the reoccurrence of a brain tumor. He was replaced on an interim basis by DeMatteo.

Mauler has been with the company for more than 16 years, previously serving as executive VP and president of international, which consists of nearly 2,000 stores operating under the GameStop, EB Games, Micromania and Zing Pop Culture brands.

Mauler is not the first chief executive to leave abruptly. Just days after appointing Mauler to his post, the company terminated COO Tony Bartel, and executive VP of strategic business and brand development, Michael Hogan. According to a regulatory filing, the company said the terminations were without cause, and both executives received payment and benefits as provided in their contracts.

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Columbia Sportswear taps former Gap vet to lead merchandising

BY Deena M. Amato-McCoy

Columbia Sportswear’s namesake brand has a new global merchandising chief.

The company named Michael Richardson as VP of global merchandising for the Columbia brand, effective April 23. He will report to executive VP and Columbia brand president Joe Boyle.

In his new role, Richardson will be responsible for developing and executing the strategic vision for Columbia’s global apparel product assortment. His efforts will help the company “transform Columbia into a multichannel consumer brand,” said Boyle.

Richardson brings 30 years of retail industry experience to the position, most of it gained at Gap Inc. He spent nine years in merchandising roles at Gap, most recently, serving as VP of franchise product. In this role, he managed the product teams in merchandising, planning and buying for the Gap, Banana Republic and Old Navy franchise businesses across approximately 40 countries.

Richardson joined Gap in 1993, as a divisional merchandise manager — a position he held for 15 years. Richardson was also president and principle for Coopers Gourmet Foods. He started his career as VP and general manager for sporting goods retailer Sports Country Ltd.

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Footwear retailer taps Disney vet as president

BY Deena M. Amato-McCoy

Famous Footwear has ended its search for a new president.

Molly Adams has been named president of Famous Footwear, which is owned by Caleres. She will take the helm as of May 29.

Adams will be tasked with focusing on consumer engagement, store productivity and omnichannel initiatives. In 2017, Famous Footwear made $1.6 billion in revenue, which accounted for 59% of the revenue in the Caleres portfolio.

Most recently, Adams was executive VP, global merchandising and product development at The Walt Disney Company, a position she has held since 2008. During her tenure, she led two multibillion-dollar business areas, and a combined global merchandising and product development team.

Prior to Disney, Adams held positions with private equity-owned and smaller companies in retail and entertainment. Adams spent eight years at specialty fashion retail chain Anchor Blue Retail group as a senior VP and general merchandise manager and divisional merchandise manager.

She also served as president of Stony Apparel Corporation, a designer and manufacturer of juniors’ and kids’ fashion apparel. Adams also held a variety of retail positions early in her career including merchandising, buying, sales and management positions at major department stores and specialty retail stores.

Caleres operates more than 1,200 retail stores and also sells its product in hundreds of major department and specialty stores, on its branded e-commerce sites, and on many additional third-party retail websites. Its brand include Famous Footwear, Sam Edelman, Allen Edmonds, Franco Sarto, Vince, Via Spiga, George Brown Bilt, Diane von Furstenberg, Fergie Footwear and Carlos Santana and others.

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