A Profitero study showed Target’s online prices were 25% more expensive than Wal-Mart’s, which were just slightly more expensive than prices on Amazon.
Mark Lee fills a job that was vacant since 2008.
Barneys New York Inc. has appointed Mark Lee as CEO. He takes over the job Sept. 1.
Lee fills a position that had been vacant since 2008, when previous CEO Howard Socol resigned. Barneys is No. 243 in the Internet Retailer Top 500 Guide.
Lee previously worked at Gucci as global president and CEO. Earlier he worked as CEO of Yves Saint Laurent.
“The appointment marks an exciting new era for Barneys as we look to build the brand and maximize its existing strong platform for growth,” says Andy Watson, chairman of Barneys and acting CEO of Istithmar World Capital, which owns the luxury retailer. “We continue to believe that Barneys is a great business that is well positioned to make the most of market opportunities.”
Istithmar bought Barneys in 2007 for $942 million.