RTW Retailwinds, Inc. Announces Leadership Succession Plan That Accelerates Digital Transformation & Positions the Company fo...
19 Marzo 2020 - 2:06PM
Business Wire
Appoints Traci Inglis to Chief Executive
Officer Effective April 17, 2020 Gregory Scott to Step Down
as Chief Executive Officer Following a Transition Period
RTW Retailwinds, Inc. (NYSE:RTW), an omni-channel specialty
apparel retail platform for powerful celebrity and consumer brands,
today announced a leadership succession plan thereby positioning
the Company to accelerate its digital transformation. Traci Inglis,
current President and Chief Marketing and Customer Officer will
become Chief Executive Officer and a member of the Company’s Board
of Directors, effective April 17, 2020. Gregory Scott, who has
directed the Company’s strategy for almost a decade has decided to
relocate to California for personal reasons and therefore will step
down from his role as Chief Executive Officer and a member of the
Company’s Board of Directors, following a transition period.
Grace Nichols, Non-Executive Chair of the Board stated: “On
behalf of the Board, I would like to thank Greg for his leadership
and contributions to RTW Retailwinds. Under Greg’s leadership, the
Company has developed exclusive brands with national appeal,
increased its digital presence to reach 30% of total sales and
diversified its customers served with the acquisition of Fashion to
Figure. Most importantly, Greg has developed a strong management
team, including the addition of Traci Inglis.
“While we are sad to see Greg leave, we believe that Traci is
the perfect choice to direct and execute the vision for the Company
as we work with a heightened sense of urgency to accelerate the
Company’s digital and customer first marketing initiatives to
position RTW for long term success.”
Gregory Scott, Chief Executive Office of RTW Retailwinds,
commented: “I have been honored to serve as CEO for the past nine
years and as a member of the Board of Directors and the Company for
nearly a decade. During this time, we have transitioned our Company
from a Brick-and-Mortar retailer operating solely as New York and
Company, to RTW - operating a multi-brand platform for omni-channel
and digitally native brands that have strong style, quality, and
above all, are affordable.
“It is the passion of our associates and our customers for the
New York and Company Brand that have always inspired me. I believe
the time is right to transition the CEO role to Traci – as her
experience is aligned with where RTW is going in the future. I
believe that her digital, marketing and fashion background combined
with her strong business acumen will not only allow for a seamless
transition of the CEO role, but will also accelerate RTW’s path to
a more preeminent position in the industry. I look forward to
watching RTW’s progress after I depart in April.”
Traci Inglis, said: “I am honored and excited to lead
Retailwinds as we accelerate our digital transformation and
position the Company for long term growth. I want to thank Greg for
his leadership over the last decade, his passion for our brands and
our customers is a testament to his strength as a leader and he
will be missed.
“The time to transition to a digitally-dominant retail brand is
here. We are facing many headwinds in today’s retail environment,
but I am confident that Retailwinds possesses the right ingredients
for success, including a flexible real estate portfolio, a loyal
customer base, and above all a capable and passionate team. Over
the next few months, you will see announcements detailing a
strategy of decisive actions that will capitalize on our strengths
to deliver long term sustained profit growth and increased value
for all of our stakeholders.”
Traci Inglis was named President, Chief Marketing and Customer
Officer, effective June 10, 2019. Ms. Inglis joined the Company
from TechStyle Fashion Group, where she most recently served as
President of Global Fashion Brands since March 2017. She joined
TechStyle Fashion Group in 2013, where she held various marketing
positions prior to her appointment as President of JustFab,
Fabkids, and Shoedazzle. Prior to joining TechStyle Fashion Group,
she spent nearly two years as the Director of Digital Marketing and
CRM at Hot Topic Inc. From 2007 to 2012, Ms. Inglis was a Director
and Senior Director of Strategy and Market Research at Westfield.
Prior to joining Westfield, she held various Marketing management
roles at Express and Alliance Data Systems. Ms. Inglis holds a BSBA
from Ohio State University — The Max M. Fisher College of
Business.
About RTW Retailwinds
RTW Retailwinds, Inc. (together with its subsidiaries, the
"Company") is a specialty women's omni-channel retailer with a
powerful multi-brand lifestyle platform providing curated fashion
solutions that are versatile, on-trend, and stylish at a great
value. The specialty retailer, first incorporated in 1918, has
grown to now operate 387 retail and outlet locations in 33 states
while also growing a substantial eCommerce business. The Company's
portfolio includes branded merchandise from New York & Company,
Fashion to Figure, Happy x Nature, and collaborations with Eva
Mendes, Gabrielle Union and Kate Hudson. The Company's branded
merchandise is sold exclusively at its retail locations and online
at www.nyandcompany.com, www.fashiontofigure.com, and
www.happyxnature.com, and through its rental subscriptions
businesses www.nyandcompanycloset.com and
www.fashiontofigurecloset.com. Additionally, certain product, press
releases and SEC filing information concerning the Company are
available at the Company's website: www.nyandcompany.com.
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Investor Contact: ICR, Inc. (203) 682-8200 Allison
Malkin
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