Dive Transient:
- Genesco introduced Tuesday that Sandra Harris has been named CFO and senior vp of finance, efficient Monday, per an organization press launch.
- Harris will report on to Mimi Vaughn, Genesco’s CEO, president and board chair. She is going to oversee the corporate’s accounting, monetary planning and evaluation, investor relations, treasury, procurement and tax features.
- Harris succeeds Thomas George, who’s retiring on Dec. 12. Harris most not too long ago was CFO for Artisan Design Group and earlier than that CFO and COO for Tupperware Manufacturers. She additionally spent near 10 years with VF Company, together with as CFO for direct-to-consumer, international provide chain and shared companies.
Dive Perception:
Genesco has tapped a seasoned retail veteran to tackle the chief finance function. In her decade at VF Corp., Harris drove international enterprise and monetary methods throughout the corporate’s portfolio of manufacturers.
“Sandra is a confirmed government chief with a constant file of driving strategic progress and worth throughout advanced organizations,” Vaughn stated in a press release. “She brings invaluable experience from quite a few multi-channel, multi-brand shopper companies.”
Harris joins Genesco as the corporate is experiencing challenges inside its divisions, most notably Journeys, which closed 94 shops in fiscal 2024. As of September, the corporate closed a further 29 shops within the present fiscal yr and is contemplating closing as much as 50 shops this fiscal yr.
Journeys gross sales picked up throughout Q2, rising 4%. That improve was partially offset by a lower of 9% at sister model Johnston & Murphy and a 13% lower at Genesco Manufacturers.
In its September earnings report, Vaughn stated, “I’m happy with the momentum constructing at Journeys and the progress we’re making to fulfill the evolving wants of our customers. That stated, the working setting stays uneven, and our outlook displays this, in addition to a extra conservative near-term view for our different companies.”
Harris’ appointment at Genesco additionally comes amid CFO modifications at a spread of outlets. Goal final month named PepsiCo government Jim Lee to the CFO place. Pacsun in August introduced on former BowFlex CFO Aina Konold. And Sephora North America tapped Delphine Herve in September to exchange Christophe le Boterff, who is ready to retire as CFO in April.
