Mr. Tritton has over 30 years of experience in the retail industry, including most recently as Executive Vice President and Chief Merchandising Officer at
"We are thrilled to announce a President and CEO with one of the most impressive resumes in the business," said
Mr. Gaston continued, "The Board and I would also like to thank
Ms. Winston has served as interim CEO since
When Mr. Tritton joins
Mr. Tritton stated, "There is immense opportunity ahead for
As Executive Vice President, Chief Merchandising Officer at
- Served as a key member of the executive leadership team that transformed the company, including building a new durable retail model that repositioned the retailer's long-term relevance with customers and positioned the business to grow profitably over time.
- Created and executed a vision for turning around
Target'sprivate-label strategy, reviving the company's existing brands and launching over 30 brands in two and a half years.
- Right-sized the company's price-value equation and brand positioning, resulting in higher regular price sales and profitability.
- During his tenure at
Target, the company achieved eight straight quarters of comparable sales increases, the best two-year stack performance in over a decade.
Additionally, while serving as EVP President of
- Oversaw merchandising, design, manufacturing, marketing and the omni-channel distribution of over 50 private-label brands across the company's full retail portfolio.
- Doubled the private-label business and created distinct brand assets. At approximately 10% of total
Nordstrommulti-channel sales volume, NPG exceeded $1.5 billionin annual revenue during his tenure.
Nordstromas a global benchmark for retailers, taking an integrated approach to the in-store experience and digital marketing.
Mr. Tritton has served in leadership roles with other retail brands, including
A native of
About the Company
The Company operates websites at bedbathandbeyond.com, bedbathandbeyond.ca, worldmarket.com, buybuybaby.com, buybuybaby.ca, christmastreeshops.com, andthat.com, harmondiscount.com, facevalues.com, ofakind.com, onekingslane.com, personalizationmall.com, decorist.com, harborlinen.com, and t-ygroup.com.
This press release contains forward-looking statements, including, but not limited to, the Company's outlook for its progress and anticipated progress towards its long-term objectives. Many of these forward-looking statements can be identified by use of words such as may, will, expect, anticipate, approximate, estimate, assume, continue, model, project, plan, goal, and similar words and phrases. The Company's actual results and future financial condition may differ materially from those expressed in any such forward-looking statements as a result of many factors. Such factors include, without limitation: general economic conditions including the housing market, a challenging overall macroeconomic environment and related changes in the retailing environment; consumer preferences, spending habits and adoption of new technologies; demographics and other macroeconomic factors that may impact the level of spending for the types of merchandise sold by the Company; civil disturbances and terrorist acts; unusual weather patterns and natural disasters; competition from existing and potential competitors across all channels; pricing pressures; liquidity; the ability to achieve anticipated cost savings, and to not exceed anticipated costs, associated with organizational changes and investments; the ability to attract and retain qualified employees in all areas of the organization, the cost of labor, merchandise and other costs and expenses; potential supply chain disruption due to trade restrictions, political instability, labor disturbances, product recalls, financial or operational instability of suppliers or carriers, and other items; the ability to find suitable locations at acceptable occupancy costs and other terms to support the Company's plans for new stores; the ability to establish and profitably maintain the appropriate mix of digital and physical presence in the markets it serves; the ability to assess and implement technologies in support of the Company's development of its omnichannel capabilities; uncertainty in financial markets; volatility in the price of the Company's common stock and its effect, and the effect of other factors, on the Company's capital allocation strategy; risks associated with the ability to achieve a successful outcome for its business concepts and to otherwise achieve its business strategies; the impact of intangible asset and other impairments; disruptions to the Company's information technology systems including but not limited to security breaches of systems protecting consumer and employee information or other types of cybercrimes or cybersecurity attacks; reputational risk arising from challenges to the Company's or a third party product or service supplier's compliance with various laws, regulations or standards, including those related to labor, health, safety, privacy or the environment; reputational risk arising from third-party merchandise or service vendor performance in direct home delivery or assembly of product for customers; changes to statutory, regulatory and legal requirements, including without limitation proposed changes affecting international trade; changes to, or new, tax laws or interpretation of existing tax laws; new, or developments in existing, litigation, claims or assessments; changes to, or new, accounting standards; foreign currency exchange rate fluctuations; and the integration of acquired businesses. The Company does not undertake any obligation to update its forward-looking statements.
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