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 ...
A former senior executive vice president who oversaw e-commerce at Kohl’s Corp. is the new CEO of Burlington Coat Factory Warehouse Corp. As the new CEO, Thomas A. Kingsbury will be paid a minimum annual base salary of $850,000, the company says.
A former senior executive vice president who oversaw e-commerce at Kohl’s Corp. is the new CEO of Burlington Coat Factory Warehouse Corp.
Burlington, No. 465 in the Internet Retailer Top 500 Guide, has hired Thomas A. Kingsbury as president and chief executive. Previously, at Kohl’s, Kingsbury was employed as the senior executive vice president in charge of information services, e-commerce, marketing and business development.
Prior to joining Kohl’s, Kingsbury worked in various management positions within The May Department Stores Co. and served as president and CEO of the Filene’s division.
At Burlington Kingsbury will replace outgoing CEO Mark Nesci, who is retiring. As the new CEO, Kingsbury will be paid a minimum annual base salary of $850,000, Burlington says in a regulatory filing. Specific figures for an annual bonus and stock options weren’t included in the filing, but Kingsbury will receive a one-time payment of $300,000 for reimbursement of various expenses and up to a $50,000 car allowance.