Pacific Sunwear today announced that former Vans President Gary Schoenfeld is their new CEO effective June 29, according to a story on the Wall Street Journal.
The leadership change at the teen retailer follows calls earlier this year from a shareholder group for the resignation of former CEO Sally Frame Kasaks, who will also step down as chairman. . . Many teen-apparel chains, once considered fairly resilient during economic downturns, have suffered in the recession as mall traffic has thinned.”We have a lot of work ahead to get our business turned around, yet I am very enthusiastic about our long-term prospects to be a favorite with our customers and create value for our shareholders,” Schoenfeld said.
Maybe Adrenalina was right?
[Link: Wall Street Journal via ShopEatSurf]
