N. Roderick “Rod” McGeachy 3rd, most recently vice president of strategy and business development at VF Corp.’s Jeanswear Americas subsidiary, has been named president and chief executive officer of Tandy Brands Accessories Inc.
McGeachy succeeds J.S.B. Jenkins, who continues as chairman. Jenkins said last month the company hoped to appoint his successor “in the very near future.”
McGeachy joined VF in 2005 and was named to his most recent post the following year.
McGeachy’s appointment comes on the heels of a year in which Tandy was driven into the red by difficult market conditions and restructuring initiatives. For the full year ended June 30, the company reported a net loss of $49.3 million, or $7.18 a diluted share, which included an $18.7 million inventory write-down and a $17.8 million impairment charge. In 2007, the Arlington, Tex.-based firm earned $1.9 million, or 28 cents. Net sales were off 23.8 percent to $149.3 million from $195.8 million. Gross margin declined to 21.9 percent of sales from 35.7 percent a year earlier.
“I promised the board that over the first 100 days I would start to put together a strategic game plan, but we have to stabilize the core business first,” he told WWD. “We’ll be looking to grow in channels we currently serve, in the mass and midtier markets, and in categories and with licenses that we have a real familiarity with. Over time, we could be more aggressive bringing new licenses into the fold and I would also hope that we would bring some proprietary brands into the mix. So it starts with stabilizing the core and then expanding into new channels, retailers, new brands and eventually new categories.”
Jenkins said, “Rod already has established strong working relationships with several of our key retail partners, and he has been involved in developing men’s and women’s product programs with these companies. In addition, he has spearheaded a number of successful product licensing programs, a key growth area for Tandy Brands.”
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia