Stage Stores exec joins Fresh Market’s c-suite
The Fresh Market has named a 25-year retail veteran to head up finance.
The specialty grocer named Oded Shein as CFO.
He brings more than 25 years of financial experience from a variety of retail stores, most recently serving as executive VP and CFO at Stage Stores, which operates 764 specialty department stores and 59 off-price stores.
Prior to State, Shein held senior financial leadership positions at Belk, and Charming Shoppes, Inc. in Bensalem, PA.
“Oded will be an essential contributor to the strategic direction of the company and ensure that the organization is aligned with our business objectives,” says Larry Appel, CEO, The Fresh Market, which was acquired in 2016 by private equity firm Apollo Global Management. “The combination of Oded’s broad business experience and deep finance expertise will enable The Fresh Market to solidify our position in the marketplace as a unique, specialty retailer.”
TJX logistics exec jumps to Target
It’s a homecoming of sorts for a new hire by Target Corp.
Target announced that John Bauer will join the company as senior VP, global inventory management. He most recently served as chief logistics officer for The TJX Companies, and held prior supply chain leadership positions at Kohl’s and Starbucks. Bauer previously worked at Target from 1999 to 2007.
“We’re thrilled to have John rejoin the Target team,” said Arthur Valdez, Jr., executive VP and chief supply chain officer “Inventory management touches all aspects of the business, from merchandising and sourcing, to supply chain and stores. John has experience working across all aspects of retail and delivering results in transformational environments.”
Bauer will join Target on August 20. He will lead the teams responsible for ordering, inventory positioning, global trade and domestic transportation.
Target’s strategy to leverage its network of more than 1,800 stores includes completely transforming its supply chain and logistics capabilities, offering such services as free two-day shipping nationwide, same-day delivery shopped by Shipt in 150 markets and the rollout of Drive Up and Order Pick-up services.
Stage Stores on the hunt for a CFO
Stage Stores’ CFO is stepping down.
The specialty department store retailer said that Oded Shein, Stages’ executive VP, CFO and treasurer, resigned his position effective August 10, 2018 to pursue another opportunity. The company has appointed Jason Curtis, senior VP, finance and credit, as interim CFO and treasurer.
Curtis has been with Stage since 2011, most recently serving as its senior VP, finance and credit since March 2017. Prior to joining Stage, Curtis served in various financial roles at Belk and The May Department Stores Company.
“I am thrilled that we have the depth of talent at Stage to appoint Jason as our interim CFO,” said Michael Glazer, president and CEO. “Jason has been instrumental in growing our private label credit card program and managing our expense structure. While we expect to assess internal and external candidates for the CFO position, I am very confident in the strength of our existing team.”
As of August 8, 2018, Stage operates 764 specialty department stores in 42 states under the Bealls, Goody’s, Palais Royal, Peebles and Stage banners, along with 59 Gordmans off-price stores, as well as an e-commerce website.