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Chico’s FAS, Inc. Appoints SVP of Merchandising & Design at Soma®

by Katie Lee

Fort Myers, Fla. — Chico’s FAS, Inc. has named Christine Munnelly as the senior vice president of merchandising & design at Soma®. She will be responsible for the product, design and overall strategy for Soma and will report directly to Molly Langenstein, CEO and president of Chico’s FAS. With over 35 years of experience in the corporate retail landscape working for an accomplished portfolio of vertical specialty and department stores, Munnelly is a veteran in leading talented and diverse teams in merchandise lifecycle strategy, product development, e-commerce and building consumer-centric …

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Crayola Experience to Open 5 New Locations Through 2027

by Katie Lee

Forks Township, Pa. — Crayola has entered into an agreement with BrightColors LLC to open at least five new Crayola Experience venues, doubling Crayola’s presence in the U.S. The company’s portfolio currently includes five locations in Easton, Pa.; Orlando, Fla.; Bloomington, Minn.; Plano, Texas; and Chandler, Ariz. Last November, Crayola began actively seeking partners to extend its footprint domestically and internationally. The Forks Township, Pa.-based company’s first multi-venue licensing agreement will be with BrightColors, which is working with partner Kingsmen Xperience Inc. to open the new locations over the next …

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Sparc Group Appoints New CEO of Reebok

by Katie Lee

New York City — Sparc Group, a full-service lifestyle brand operating company, has appointed Todd Krinsky as the new CEO of Reebok. Krinsky succeeds Matt O’Toole, who has been leading Reebok for over 15 years and will be joining Authentic Brands Group, owner of the Reebok brand, in 2023. Krinsky, a 30-year veteran at Reebok, has been a member of the brand’s senior leadership team for more than a decade. In his new role, Krinsky will lead the team in implementing Reebok’s growth strategy, which leans into the brand’s authentic …

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Cantaloupe Inc. Names New CEO and CTO

by Katie Lee

Malvern, Pa. — Cantaloupe, Inc., a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market, has named Ravi Venkatesan as chief executive officer, effective October 1, 2022. Venkatesan, who currently serves as Cantaloupe’s COO, will succeed Sean Feeney, who will retire from Cantaloupe on September 30, 2022. Feeney will step down from the board of directors and Venkatesan will join the board of directors, effective October 1, 2022. “On behalf of the board of directors, I would like to congratulate Ravi on this …

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Nordstrom Rack Expanding Footprint in the Northwest with 3 New Stores

by Katie Lee

Seattle — Seattle-based fashion retailer Nordstrom, Inc. plans to open three new Nordstrom Rack stores this fall. The new stores will open in Union Gap, Wash.; Olympia, Wash.; and Salem, Ore. “We look forward to opening these new Nordstrom Rack locations in Union Gap, Olympia and Salem communities, strengthening our network of stores, and introducing new customers to the Rack’s unique product offering,” says Carl Jenkins, senior vice president of Nordstrom Rack Stores. With the addition of these three new locations, Nordstrom will operate 12 Nordstrom Rack stores and six …

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Ballard Designs Debuts Design Studio Store Concept

by Katie Lee

West Palm Beach, Fla. — Ballard Designs has chosen West Palm Beach, Fla., as the location of its inaugural Interior Design Studio concept store, and this month opened a newly renovated 2,500-square-foot space to become Ballard’s 17th retail location nationwide. “We’re so excited to launch our first ever Design Studio in this area because our 40+ years of client buying trends and business data tell us that the people of West Palm Beach love Ballard Designs,” says Dominic Milanese, vice president of retail for Ballard Designs. The new retail studio …

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Regal Cinemas’ Parent Company Cineworld Group Files for Chapter 11 Bankruptcy Protection

by Katie Lee

Brentford, UK — Cineworld Group, parent company to Regal Cinemas among other international theater brands, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. While a specific plan regarding the company’s real estate was not announced, Cineworld expects to pursue an “optimization strategy” regarding its locations across the U.S. as part of its bankruptcy proceedings. The company is engaging in discussions with its landlords on improving cinema lease terms in hopes of further positioning Cineworld for long term growth in the …

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ABG Appoints Executive Vice Chairman

by Katie Lee

New York City — Authentic Brands Group (ABG), a global brand development, marketing and entertainment platform, has appointed Matt O’Toole as executive vice chairman. In his new role, O’Toole will work in tandem with ABG’s leadership team on new brand acquisitions, driving strategic initiatives, as well as supporting the global expansion of Reebok. “We are thrilled to welcome Matt O’Toole to ABG’s leadership team,” says Jamie Salter, founder, chairman and CEO, ABG. “Matt brings over 30 years of leadership experience in the footwear, apparel, equipment and sports marketing business. For …

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Target Announces Leadership Updates

by Katie Lee

Minneapolis — Target Corporation has announced that Brian Cornell has committed to remain as CEO and lead the company for approximately 3 more years. Additionally, Arthur Valdez, executive vice president and chief supply chain and logistics officer, will retire from Target. He will be succeeded by Gretchen McCarthy, senior vice president, global inventory management, effective immediately. “In discussions about the company’s longer term plans, it was important to us as a board to assure our stakeholders that Brian intends to stay in his role beyond the traditional retirement age of …

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Bed Bath & Beyond Inc. Mourns the Loss of EVP and CFO

by Katie Lee

Union, N.J. — According to Bed Bath & Beyond Inc., Gustavo Arnal, executive vice president and chief financial officer of the company, passed away on September 2, 2022. The entire Bed Bath & Beyond Inc. organization is profoundly saddened by this shocking loss. “I wish to extend our sincerest condolences to Gustavo’s family. Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our company. I am proud to have been his colleague, and he will be truly missed by all of us at …

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