Target and Toys R Us posted overall sales declines during the holidays.
James Speltz takes over both those jobs from Stephen Bebis.
Multichannel home goods and gifts retailer Brookstone Inc. has a new president and CEO. James Speltz takes over from Stephen Bebis, whose resignation took effect on Thursday.
Brookstone hired Bebis in May 2012. Bebis came to Brookstone from Golf Town, a Canada-based multichannel retailer that had hired him as president and CEO.
Speltz joined Brookstone in 1998, and since January 2012 was its vice president, chief operating officer. He previously worked in the company’s information technology department. He also was vice president, business development and supply chain, and operational vice president of inventory management.
“For more than 15 years, Jim has been intimately involved in many critical aspects of the company’s operations,” says Jackson Tai, Brookstone’s chairman. “He has been a key driver of the company's new revenue initiatives in our retail, e-commerce and wholesale channels.”
Brookstone, which sells household products and gift items, is No. 180 in the Internet Retailer Top 500 Guide.
Bebis resigned shortly after the retailer in late March reported that in 2012, e-commerce net revenue increased 9.3% year over year to $105.4 million. Total net sales, though, decreased 8.0% to $232.8 million. Brookstone declines to give a specific reason for Bebis' departure. “We accepted Stephen Bebis’ resignation on April 4, and wish him well in his future endeavors," the retailer says.