The e-retailer reports a $126 million net loss, stemming from a $640 million year-over-year increase in spending in the quarter on technology and content ...
Peter Horvath has left his position as president of footwear retailer DSW to rejoin his former employer, Limited Brands, as executive vice president of business integration. DSW is searching for a CEO.
Peter Horvath has left his position as president of footwear retailer DSW Inc. to rejoin his former employer, Limited Brands Inc., as executive vice president of business integration. DSW is searching for a CEO.
Horvath, who worked at apparel and accessories retailer Limited from 1985 to 2004 before joining DSW, will report to Martyn Redgrave, Limited’s executive vice president and chief administrative officer. Horvath will work with Redgrave and Les Wexner, chairman and CEO, on operational strategies, including e-commerce, Limited says.
"Peter`s depth of experience with us, his knowledge of retail operations, merchandise planning and allocation, and his functional operating experience will serve us well as we look to build bench strength for the enterprise," Wexner says. During his prior work at Limited, Horvath served in a several senior management positions, including senior vice president of merchandise planning and allocation for all of Limited Brands and chief financial officer for the apparel group.
Limited, No. 20 in the Internet Retailer Top 500 Guide, operates online and store retail organizations under the brands Victoria’s Secret, Bath & Body Works, La Senza and Henri Bendel. It operates nearly 3,000 stores as well as four retail e-commerce sites.
DSW, which operates about 270 stores and sells through another 384 retail store locations, launched DSW.com as a retail e-commerce site in April. Jay Schottenstein, chairman and CEO, and the company’s board of directors have initiated a national search for a CEO. Schottenstein will retain the role of chairman when a new CEO joins the company, DSW says.