US' Tailored Brands confirms go-forward leadership team

Since that time, they have solidified a strong and united leadership team, refocused key departments and led the company to outperform its revenue and profit targets for each quarter. Hull and Sachse are seasoned leaders with experience leading large-scale organisational transformations and building high-performing teams. Both have served as active directors for a number of public and private companies as well. Hull has three decades of retail experience, including 17 years at Lowe’s companies with the last 14 years as chief financial officer. Sachse previously spent 34 years in various positions at Macy’s, including chief stores officer, chief marketing officer and chairman and chief executive officer of Macy’s, the company said in a press release.

In conjunction with this decision, John Tighe will be promoted to president of Tailored Brands. In this new role, Tighe will continue to have end-to-end accountability for merchandising, marketing, e-commerce, rental, planning and allocation across the Men’s Wearhouse, Jos. A. Bank and Moores banners and will now oversee product development, design, global sourcing as well as the Joseph Abboud Manufacturing Corporation.

Before joining Tailored Brands, Tighe served as president of Peerless Clothing, the largest manufacturer of men’s and boys’ tailored clothing in North America. Prior to Peerless, he served as the chief merchant and EVP at JCPenney.

“While we had launched a search for a CEO successor last year, we ultimately determined there was more to be gained by maintaining continuity in the leadership team and allowing this team to realise the full value of the careful planning and reorganisation they completed over the past year. Hull and Sachse are exceptionally qualified leaders with the deep expertise needed to continue advancing the Company’s progress. We are confident Tailored Brands has the right plan—and the right team—in place and look forward to seeing the results they will deliver,” board chairman, Paul Soldatos, said in a statement.

“I’m thrilled to have this opportunity to work with an even broader group of colleagues to integrate and improve our end-to-end customer journey, accelerate progress and unlock even more value. I have been immensely impressed by the talent and creativity of this entire team and look forward to this next chapter,” Tighe said.

ALCHEMPro News Desk (GK)