NEW YORK — Edward Tomechko has been appointed executive vice president, chief financial officer, secretary and treasurer of Elder-Beerman Stores Corp., effective June 17.Tomechko, 53, was cfo and later chief executive officer of NetRadio Corp., a...
NEW YORK — Edward Tomechko has been appointed executive vice president, chief financial officer, secretary and treasurer of Elder-Beerman Stores Corp., effective June 17.Tomechko, 53, was cfo and later chief executive officer of NetRadio Corp., a start-up company specializing in streaming media technology. Prior to that, he was senior vice president and cfo of David’s Bridal, which is now a unit of May Department Stores Co., and held the same post at County Seat Stores and Pickwick International.Tomechko will succeed Scott Davido, 40, who joined Dayton, Ohio-based E-B as general counsel in 1997 and was promoted to his most recent post in 1999. Davido was a key player as Elder-Beerman battled dissident shareholders who wanted the company to be sold or its management overhauled in 1999 and 2000. Davido had been the sole survivor of a management troika that previously included Frederick Mershad as chairman, president and ceo and John Muskovich as president and chief operating officer. Muskovich left in July 2000 and Mershad this past January. Davido’s plans aren’t known but E-B said in a statement he’d left “to pursue other opportunities.”“We conducted a national search for a new cfo and Ed was our first choice,” said Byron Bergren, president and ceo of E-B, in a statement. “He has a significant track record with more than 30 years of experience in retail finance.”Tomechko will report to Bergren.Pummeled by a $14 million charge for a change in accounting, E-B lost $17.5 million, or $1.54 a share, in the first quarter ended May 4 as revenues grew 1.1 percent, to $149 million, and comparable-store sales dropped 2.8 percent. However, the company, which operates 66 stores in eight states, did manage to post a 14 percent increase in net income, to $10 million, despite a sales decrease of 4 percent, to $228 million, during the fourth quarter of last year.
“I grew up in New York but I hadn’t really experienced the city in any type of touristy way…This was probably the first museum I really explored and took the time to see,” said @haileybaldwin of the @whitneymuseum. On Tuesday night, Baldwin was joined by Jemima Kirke and more at the annual Whitney Museum Gala and Studio Party, which honored Lorna Simpson, Joanne Leonhardt Cassullo and Beth Rudin DeWoody. See more photos on WWD.com. #wwdeye (📷: @lexieblacklock)
Displayed starting this week at the @fashiontextilemuseum: An exhibition on designer @orlakiely titled “Orla Kiely: A Life in Pattern,” which spans two decades and contains more than 150 pieces. “I want people to come away loving pattern and print. It’s something that makes you feel so good,” said the designer during a preview of the exhibit. Also on show are mood boards, samples, sketches and more. Head to WWD.com to see more photos. #wwdfashion
Exclusive: @dsquared2 signs fragrance licensing agreement with Euroitalia, with the first effort of the new partnership being unveiled in September. The brand will launch two scents – one for men and one for women – in Italy. Read our interview with designer Dean and Dan Caten on WWD.com. #wwdbeauty #wwdnews (📷: @zefashioninsider)
@louisvuitton has officially renewed Nicolas Ghesquière’s contract as artistic director of women's collections. "I am very pleased to open the next chapter of the story I started with Louis Vuitton almost 5 years ago," said Ghesquière, who first signed on to design the French luxury brand's women's line in 2013. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @giovanni_giannoni_photo)
“I learned then and there that I had to figure out a way in life to maintain and preserve my sense of pride when I felt good about what I did or what I represented or created,” said @saintrecords on how being bullied for wearing capri pants inspired her to be the artist she is today. Knowles was at the 70th Parsons Benefit last night where she outbid the room for a Dapper Dan customized @gucci experience. #wwdeye (📷: @lexieblacklock)
“There’s this amazing braintrust of people who know the whole universe so well. So we talked to them and they gave us more input,” said actor Alden Ehrenreich on playing the young Han Solo in “Solo: A Star Wars Story.” The cast was at NYC’s SVA Theatre last night for an advanced screening of the film, which hits theaters this week. #wwdeye #starwars #hansolo (📷: @aurorarosedecrosta)
@asaprocky spent nearly two hours in a Plexiglas box Sunday night at @sothebys putting himself through a series of “tests” to demonstrate the process of completing his new album called “Testing.” Get all the details and see all the pictures on WWD.com. #wwdeye
“I’ve struggled my whole life to find a bathing suit that fits me that doesn’t look like a maternity bra. I’m proud of the line because it’s an accurate representation of me rather than me putting on someone else’s clothes,” says @atlantabean of her swimwear collaboration with @piaarrobio, LPA X ATL. The two decided on a swimwear collab and increased the industry standard size for the pieces. Read more about the line — and our interview with de Cadenet Taylor and Arrobio — on WWD.com #wwdfashion (📷: Dan Doperalski)