Chief financial officer and executive vice president at Ross Stores, Travis Marquette, has stepped down from his role, effective immediately.
Marquette left his position to take another with Burlington, where he will serve as president and chief operating officer. He had been in the role with Ross Stores since 2019, according to Chain Store Age.
“Travis has made a number of contributions over the years in various leadership roles,” stated Barbara Rentler, CEO of Ross Stores. We thank him and wish him well in his future endeavors.
The sudden departure comes as Ross Stores is in expansion mode with 30 new stores in the pipeline. Ross’s senior finance executives will report to Ross President and CEO Michael Hartshorn until the CFO role is filled.
Fossil Group has added Holy Briedis as its new vice president and chief digital officer.
Briedis will be responsible for Fossil Group’s digital initiatives.
She previously served as a partner at McKinsey & Company, where she led the omnichannel and customer experience practice for retail in North America. She has more than 15 years of experience in digital marketing and retail.
"The digital footprint of consumers continues to grow, and brands leaning into this evolution are the ones driving growth," Kosta Kartsotis, chairman and CEO of Fossil Group, said in the announcement. "Holly's extensive leadership and expertise in driving customer-centered digital transformations for retail brands during her time with McKinsey & Company will help Fossil Group cement itself as a digital-first retailer."
Briedis’ appointment comes as Fossil Group has faced mounting financial challenges, and the retailer plans to shutter 65 to 75 stores in 2021. First quarter sales in 2021 were down 7%, to $363 million. However, digital sales were up 40% from a year prior and accounting for 41% of the company’s net sales.