Financial struggles continue to mount for the long-running retailer, as the company loses its second CFO in six months. At the same time, financial experts speculate Sears could default on its debt within the year.
Following the departure of Jenna Lyons, J.Crew announced four executive appointments that aim to leverage the positive momentum of its Madewell brand, and also that it would be cutting 250 positions at its headquarters.
Martin Schneider will step down from his position as Vice President & Chief Information Officer of VF Corporation at the end of 2017. Sandra Harris, Vice President of Global Business Technology, will succeed him.
The exchange of executives between luxury’s biggest online names continues with news that Paul Brennan is the new chief operating officer of Browns, the London luxury retailer that is now part of the Farfetch group.