NEW YORK — Stephen I. Sadove, the former chairman and chief executive officer of Saks Inc., has joined Marvin Traub Associates as cofounder and head of Traub Accelerator, a new division focused on technology and innovation.
A big part of the mission will be to link brands, designers, retailers, restaurants and other sectors with new technologies, some critical to operations such as those that elevate sales, strengthen data security and advance omnichannel initiatives, and some less critical but still important, such as those that streamline the transaction process or help shoppers find their right fit. “I have always felt the need and the drive to amplify our activities in technology as it pertains to consumerism,” Mortimer Singer, president and ceo of Marvin Traub Associates, told WWD. “In some cases, we’ll play as advisers; in some cases we’ll invest.”
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