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NEW YORK — Bloomingdale’s president and chief operating officer, Edwin J. Holman, stepped down from his post at the retailer on Monday. Holman has taken a position as president and chief operating officer at the active lifestyle retailer Galyan’s Trading Co. Holman will remain with Bloomingdale’s until the end of August.
According to Michael Gould, chairman and chief executive of Bloomingdale’s, the company does not plan to hire a successor for the position.
“We’ve restructured…Each of the executive main members will just report to me,” said Gould. “I think that there are opportunities to have a number of people assume a number of areas that Ed was focused on….That it all reports to me is fine, but it’s all about a team, and I think I have a special team.”
Sources close to the company said that the decision reflected a belief that a streamlined top management structure would be more effective for the 32-store division of Federated Department Stores.
“Ed Holman has been a true partner to me during his time at Bloomingdale’s,” said Gould.
At the Indianapolis-based Galyan’s, Holman will oversee finance, operations, systems, planning and allocation, stores and culture, according to a statement.
Holman will report to Robert Mang, chairman and ceo. “Galyan’s has a unique position in the specialty retail sector with a concept that clearly differentiates it from the competition. I look forward to the opportunity to further identify and execute those strategies,” said Holman in the statement.
Holman assumed the Bloomingdale’s position in June 2000, succeeding Jeffrey Sherman, who went on to become chairman and chief executive of Federated Direct and who joined Limited Inc. as ceo of Limited Stores in March 2002. Holman served as president and chief operating officer at Federated-owned Rich’s/Lazarus/Goldsmith’s. Additionally, Holman held executive positions at Petrie Retail Inc., Woodward & Lothrop, Carter Hawley Hale, Neiman Marcus and Macy’s Midwest.
This story first appeared in the July 22, 2003 issue of WWD. Subscribe Today.