NEW YORK — After nearly 20 years at Lanier, Dana Verrill, head of licensed brand for the suit maker, has resigned.
James Tuman, president of the Oxford Industries-owned division, told DNR that the resignation late last week came about after “ongoing conversations” between the two men. “He just ran out of gas and it was time for him to move on,” Tuman said.
“I’m not happy about it, but we have a strong management team” that will continue to move the brand forward, Tuman added.
He said the company is currently “engaged in a search—both internally and externally—for a replacement.”
Verrill could not immediately be reached for comment.
Tuman said Verrill will stay on for an unspecified period of time to aid in the transition. His exit date is undetermined but he will participate in this month’s sales meeting for the label, he noted.
Tuman said Verrill “is a person of high integrity and character” and has been a valuable addition to the company over the past two decades.
Lanier has come under pressure as of late as the department store segment of the tailored clothing market has deteriorated. Sales for the division fell 4 percent in the eight-month period ending February 2. Operating income dropped to $300,000 from $4.7 million during the same period.
Parent company Oxford Industries is currently switching its fiscal calendar to better coincide with the apparel industry.
Lanier’s licensed brand division makes tailored clothing for department stores under the Geoffrey Beene, Kenneth Cole, O Oscar and Nautica labels.