Jennifer Ehrhardt, chief financial officer of specialty retailer Tilly’s Inc., intends to resign her post.
The company has begun a search for a successor. Ehrhardt will stay with the company to help with the transition process but is expected to depart the firm by the end of June to pursue other professional opportunities closer to her family.
Ehrhardt was named cfo of the company in August 2013 after serving as vice president and corporate controller of The Wet Seal Inc., which has since filed for Chapter 11 bankruptcy protection. Earlier in her career, she was senior audit manager for Deloitte.
“Jennifer has been a talented leader for Tilly’s, playing an important role in further developing our finance and accounting team,” said Daniel Griesemer, president and chief executive officer. “Jennifer has also been a strong business partner helping to formulate and execute our growth strategies.”
Based in Irvine, Calif., Tilly’s operates 212 specialty stores and focuses its merchandising on West Coast-inspired apparel, footwear and accessories.
In the fourth quarter ended Jan. 31, net income increased 31.2 percent to $7.1 million, or 25 cents a diluted share, from the year-ago mark of $5.4 million, or 19 cents. Net sales were up 9.2 percent, to $152.8 million from $140 million, while comparable sales, including e-commerce, rose 2.9 percent.