Women's Wear Daily

Kimberly Evans Paige Joins Sundial

Kimberly Evans Paige  Unilever-owned Sundial Brands has named Kimberly Evans Paige to the newly created position of chief operating officer and brand-building officer. Paige, who was most recently chief marketing officer for Coty Inc., brings more than 20 years of experience to her new role, including positions with The Coca-Cola Co. and Procter & Gamble. She will report to Sundial founder, chief executive officer and executive chairman Richelieu Dennis. The company said she will partner with Dennis and the executive team to craft the overall strategic direction of the company and develop a plan for continued growth, including the existing product portfolio, innovative products and line extensions, and building the business. She will be responsible for operations, including end-to-end supply chain, marketing and sales, and will continually assess and build out the organization and infrastructure for company growth. Sundial has been posting gains across its portfolio, including SheaMoisture, Nubian Heritage, Madam C.J. Walker Beauty Culture and Nyakio. Shea Moisture, in particular, has consistently posted double-digit sales increases, according to IRI, in hair and body lotions. “As we continue to experience and plan for future robust growth, it became clear that we needed to create a role that would help ensure that we are appropriately positioned

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New Tech at NMG Geared to Enhance Sell-Through Data

The Neiman Marcus Group, seeking to enhance its communications with suppliers and improve its performance, has partnered with the Sky IT Group, an online vendor-selling reporting platform. The companies said Neiman Marcus will use the SaaS application Skypad to track, create and distribute weekly sales and inventory data and share with their suppliers, and that the program is aimed to improve buyer and supplier collaboration, strengthen business analysis, and target product allocation and reorder opportunities. The idea is to increase sales and reduce markdowns. “Our industry structure and dynamics continue to change at an accelerating pace. We believe strongly that with the use of tools like Skypad we can enable greater collaboration between our teams and our brands, with better insights and faster execution,” said Nathan Johnson, senior vice president of merchandise planning at the Neiman Marcus Group. Jay Hakami, president and chief executive officer of the Sky IT Group, added: “The partnership with Neiman Marcus provides for significant benefits for NMG teams and its suppliers/brands community by utilizing Skypad as a single SaaS platform for insights, trends, reorder analysis and collaboration based on one version of the truth.” Sky IT Group was founded in 2000 to provide innovative data collection, integration and reporting

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GTCR, Sycamore Close $1.1B Deal for CommerceHub

CommerceHub is officially under new ownership via two private equity firms, GTCR and Sycamore Partners. Affiliates of the two private equity firms acquired the platform for $1.1 billion, or $22.75 a share in cash. The technology platform is a commerce network that connects retailers and brands with supply, demand and delivery chains that help the companies increase sales. According to CommerceHub, its platform helped over 11,500 retailers, brands and distributors manage their inventory and achieve about $16 billion in gross merchandise value in 2017. The platform helps retailers compete against Amazon through drop shipping by having distributors ship directly to consumers who place orders on a retailer’s site, without the retailer having to invest in building its own warehouses and distribution centers. Frank Poore, founder, president and chief executive officer, will continue with the company in the same roles. “GTCR and Sycamore Partners each bring deep industry expertise to help us to execute our vision for the future of retail. Together, we look forward to accelerating the development of CommerceHub’s platform to transform how retailers and brands drive growth through e-commerce.” CommerceHub was spun off from Liberty Interactive Corp. and became a public company in 2016. Its Series A and Series C common stock

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Tanger Makes Two Key Promotions

Tanger Factory Outlet Centers Inc. promoted two of its senior officials, Lisa Morrison and James F. Williams, each to the position of executive vice president. Morrison, a 20-year veteran of Tanger, will continue to lead the leasing strategy across the Tanger portfolio, which consists of 44 upscale outlet centers that the company operates and owns, or has an ownership interest in. Williams, who has been at Tanger for nearly 25 years, will continue to serve as chief financial officer, responsible for the financial reporting processes, and also have responsibility over the senior officers for accounting, finance, investor relations and information systems. Lisa Morrison  Tanger Factory Outlet Centers, James F. Williams  Tanger Factory Outlet Centers,

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