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Gap names former Billabong, Eddie Bauer chief to head up namesake brand

BY Marianne Wilson

A three-time retail executive has joined the senior ranks at Gap Inc.

The apparel giant appointed Neil Fiske as president and chief executive of its Gap brand, effective June 20, replacing Jeff Kerwin, who left in February. He will also serve on the company’s senior leadership team.

Most recently, Fiske served as CEO of Billabong International, where he led the brand’s return to a multi-year share growth. He left in April amid a management shuffle following the company’s acquisition by Boardriders.

Prior to joining Billabong in 2013, Fiske spent five years as president and CEO at Eddie Bauer. He was also chief executive of Bath and Body Works.

“Neil brings significant retail and apparel experience to Gap Inc. and a track record of transforming and repositioning brands,” stated Gap CEO Art Peck. “He is an experienced leader who deeply understands the mechanics of this business, the value of an omnichannel strategy, and the need to build a progressive and relevant brand. I believe Neil is the right leader to strengthen Gap brand.”

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D.Markham says:
Jun-14-2018 12:53 pm

That's great HOWEVER, GAP will not be a relevant brand until it changes from being a basic - like socks and underwear - and includes a new brand that is relevant to today and some major trends of today and the future. If they really want to grow as a company, I have the answer. They can contact me at [email protected] Dan

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Macy’s snags Home Depot exec to head up technology

BY Deena M. Amato-McCoy

Macy’s has a new technology chief who brings more than 20 years of experience to the position.

Naveen Krishna will take on the role of chief technology officer, effective June 16. He will be responsible for driving Macy’s technology strategy and direction, and will also oversee the teams that build the end-to-end e-commerce experience, enterprise-shared services, infrastructure, field services and functional IT support.

Krishna joins Macy’s from The Home Depot, where he was VP of technology, responsible for all digital platforms, user experience design, marketing technologies, and customer care. Prior to joining Home Depot in 2010, Krishna was a director at Target where he oversaw all web site technology and operations. He also spent 13 years in leadership roles with FedEx Kinko’s and Deloitte Consulting.

Krishna will report to Hal Lawton, president of Macy’s. He will be based in John’s Creek, Georgia, one of the Macy’s technology hubs.

“I’m thrilled to have Naveen Krishna join the Macy’s team as we enhance our focus on technology,” said Lawton. “We are investing in technology to improve digital and mobile experiences, site stability, store technology and fulfillment and logistics improvements. Naveen’s track record in omnichannel retail makes him the perfect fit to lead the Macy’s technology organization at this critical time.”

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Co-founder of Guess resigns amid $500,000 sexual harassment settlements

BY Marianne Wilson

The #MeToo movement and allegations of misbehavior has cost a legendary figure in fashion retailing his job.

Paul Marciano, the co-founder and chief creative officer of Guess ? Inc. and the subject of a probe into misconduct, resigned as executive chairman following the completion of the investigation, according to the company’s filing with the Securities and Exchange Commission. Guess said his resignation was voluntary.

Marciano will transition his chief creative officer duties and other responsibilities to Guess CEO Victor Herrero by Jan. 30, when his contract expires. Guess appointed co-founder Maurice Marciano, the older brother of Paul, as chairman, effective immediately.

The filing revealed that Guess and Marciano entered into settlement agreements totaling $500,000 to resolve claims by five individuals (who were not named) arising out of allegations of inappropriate conduct. Guess said the company and Marciano agreed to the settlements, which are not confidential, “to avoid the cost of litigation and without admitting liability or fault.”

According to the filing, “allegations against Mr. Marciano included claims of inappropriate comments and texts, and unwanted advances including kissing and groping.”

“The investigation found that on certain occasions Mr. Marciano exercised poor judgment in his communications with models and photographers and in placing himself in situations in which plausible allegations of improper conduct could, and did, arise,” the filing said.

The accusations against Marciano started in late January, when supermodel Kate Upton, via social media, accused Marciano of sexually and emotionally harassing women. In February, she told Time magazine that Marciano had sexually harassed and assaulted her during her first professional modeling campaign, when she was 18. Other women consequently stepped forward with allegations of improper conduct.

Guess went on to form a special committee comprised of two independent directors to oversee an investigation into the allegations, which were denied by Marciano. Investigators hired by the board interviewed more than 40 people and reviewed approximately 1.5 million pages of documents, according to the filing.

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