NEW YORK — Barry Shapiro, James Frain and Linda Costello have been promoted to new posts at Chico’s FAS, the Fort Myers, Fla.-based specialty store group.
Shapiro has been named senior vice president of the new Pazo unit, the Chico’s spinoff for younger women announced in August. Frain has been promoted to senior vice president of marketing and Costello to vice president of product development.
Frain and Shapiro continue to report to Marvin?Gralnick,?chairman and chief executive, while Costello continues to report to Pat Murphy, senior vice president and general merchandise manager.
Shapiro joined Chico’s in February 2001 as vice president, outlet strategies, and will continue to manage the outlet group. Since the announcement of Pazo’s inception last summer, he has headed up the new concept, which is aimed at younger women with incomes of at least $40,000. Pazo will be launched with 10 units next March and up to another five in the second half of the year.
Before joining Chico’s, Shapiro served as senior vice president, stores and operations, for Off 5th, Saks Fifth Avenue’s outlet operation. He also worked at Ann Taylor stores, where he created and developed the Ann Taylor Loft division, and in various operating positions with Abraham & Straus and Lord & Taylor.
Frain joined Chico’s in June 1999 as director of marketing with responsibility for the Chico’s brand and the management of direct sales for Chico’s, including its Web site. He was promoted to vice president of marketing in April 2000. Prior to joining Chico’s, he held positions at Alfred Dunhill, Gucci, Laura Ashley, Easyriders, NBO, Conran’s and Paragon Sporting Goods.
Costello joined Chico’s in May 2000 as director of product development and has been responsible for creative product development and various merchandising strategies. Prior to joining Chico’s, she was director of product development at Lane Bryant and held positions with Sears, Roebuck & Co., Montgomery Ward, Leggoons and Samuel Miller & Co.
The retailer of misses’ casual clothing and accessories again delivered double-digit increases in profits and sales in the third quarter. For the three months ended Nov. 2, the operator of 372 specialty stores reported net income climbed 74.7 percent to $15.5 million, or 18 cents a diluted share, in line with consensus estimates. Sales swelled 46.1 percent overall, to $137.3 million, and were up 18.2 percent on a comparable-store basis. The momentum has continued into the current quarter as November comparable-store sales increased 11.3 percent.
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