Revenue increased 11.9% in Q1 of 2015, to $17.26 billion compared with $15.42 billion in the year-ago period.
Chuck Kurth, former top financial and administrative officer for the Mervyns regional department store chain, has been named chief financial officer of web-only retailer Art.com.
Chuck Kurth, former top financial and administrative officer for the Mervyns regional department store chain, has been named chief financial officer of web-only retailer Art.com Inc.
Kurth, who replaces David Cooper, will oversee Art.com’s finance, accounting and legal functions. “His extensive experience as a retail finance leader will be essential in helping Art.com Inc. achieve its long-term vision,” says Art.com chairman and CEO Michael Heinstein.
The online retailer, No. 93 in the Internet Retailer Top 500 Guide, operates three branded e-commerce sites-Art.com, AllPosters.com and ArtistRising.com, which sells works of new artists.
Kurth brings to the web-only retailer more than 20 years of experience in the retail industry. He most recently served as executive vice president and chief financial and administrative officer for Haywood, CA-based Mervyn’s LLC, which operates the Mervyns department store chain.
Mervyn’s, which is operating under Chapter 11 bankruptcy proceedings, announced that it plans to run going-out-of-business sales at its remaining 149 stores throughout the holiday shopping season as a way to liquidate its merchandise. It also plans to auction off its store leases.
Mervyn’s has not operated a retail e-commerce site, a spokeswoman says.