Meanwhile, PayPal acquires mobile payments firm Paydient.
James E. Thorne will be responsible for merchandising for the retailer’s stores, catalog and e-commerce site. Thorne’s previous position of vice president of planning and allocation has been taken by Robert Sears.
Multi-channel apparel retailer Jos. A. Bank Clothiers Inc. has promoted James E. Thorne to senior vice president for merchandising, making him responsible for all aspects of merchandising for the retailer’s stores, catalog and e-commerce site.
Thorne, who has been with Jos. A. Bank since 1986, most recently was vice president of planning and allocation. To fill that spot, the retailer has promoted Robert R. Sears, who joined the company last month after 30 years in men’s apparel retailing with Bon-Ton Department Stores and Saks Department Store Group.
Thorne will report to company president R. Neal Black and Sears will report to Thorne. "Jim and Bob are seasoned and trusted executives whose work will be integral to the continued growth of the company,” Black says. “I am pleased to be able to fill two such important positions through internal promotions, a testament to the strength of the merchandising department here at Jos. A. Bank."
The changes are part of a leadership transition at Jos. A. Bank. The company announced in December that current CEO Robert Wildrick will become chairman of the board and that Black will become CEO of Jos. A. Bank, No. 190 in the Internet Retailer Top 500 Guide.