Glenwillow, OH — As part of its plan to grow to 1,000 stores, Dots has hired Lisa Rhodes, former senior vice president of Wal-Mart’s U.S. apparel merchandising division, as CEO.
Glenwillow, OH — As part of its plan to grow into a 1,000-store, national fashion retailer, Dots has hired Lisa Rhodes, former senior vice president of Wal-Mart’s U.S. apparel merchandising division, as CEO. The retailer also announced plans to create a Dots merchandise center in New York City.
“I am thrilled to have the opportunity to lead the Dots team into the future. The brand has amazing potential as Dots serves a dynamic, underserved and fast-growing customer base,” says Rhodes.
Rhodes brings to Dots more than 30 years of experience in retail. Prior to her role at Wal-Mart, she spent 11 years as executive vice president/chief merchandising officer for Maurice’s. Rhodes also previously worked at Charming Shoppes, Marshall’s and Macy’s.
“Lisa is a transformational leader,” says John Howard, CEO of Irving Place Capital, Dots’ private equity partner. “Her ability to focus on a clearly articulated strategy and the target customer has proven successful in driving both top and bottom line results.”
Rick Bunka will remain president at Dots, overseeing the balance of the corporate support functions in Glenwillow, Ohio, where the company’s store operations, distribution, financial, human resources and information technology segments will stay.
“The entire Dots organization will benefit from Lisa’s retail expertise and from a real merchandising presence in New York City,” says Howard. “With Lisa’s and Rick’s stewardship, I am confident that the company is going to accelerate its growth trajectory.”
Dots currently has more than 400 stores in 28 states. Irving Place Capital made an investment in the company in January 2011.