SHULMAN LEAVING YOUNKERS, SAID TO BE HEADED FOR TALBOTS

Byline: David Moin

NEW YORK — After just four months on the job, Mark Shulman has resigned as president and chief executive officer of Younkers, and is reportedly taking the chief merchandising slot at Talbots.
Shulman is expected to start at Talbots next month, succeeding Clark J. Hinkley, former executive vice president and chief operating officer, who had been responsible for merchandising. Hinkley relinquished those posts in July and became executive vice president, manufacturing and special services, following weak results at the chain.
Since July, the merchandising organization has been reporting directly to Arnold B. Zetcher, president and chief executive officer. The post Shulman is reportedly taking is considered the number-two slot at Talbots, reporting to Zetcher.
Talbots officials and Shulman could not be reached for comment Wednesday. Recently, Shulman denied he was headed to Talbots, but his career has been marked by many job switches.
Before Younkers, Shulman had been executive vice president and chief merchandising officer of Stage Stores since 1994. Prior to that, he was president of the dress division of Leslie Fay Inc. Before joining Leslie Fay, Shulman was president and chief operating officer of Bonjour. Prior to Bonjour, he held the posts of president and chief executive officer at Henri Bendel and Ann Taylor, and was a merchant at Bloomingdale’s.
Sources said that he wanted to move back to the East Coast.
Talbots, a women’s and children’ specialty chain, is based in Hingham, Mass., while Younkers is based in Des Moines, Iowa. Shulman’s family has been residing in the Houston area, where Stage is based.
Succeeding Shulman at Younkers is Frank E. Kulp 3rd, who since March 1997 has been president and ceo of the Herberger’s division of Proffitt’s Inc., which is also the parent company of Younkers.
Previously, he was senior vice president and general merchandise manager of Younkers. Prior to joining Younkers, he was the president and chief operating officer of Lamonts, a department store chain based in Bellevue, Wash.
Kulp will also continue to oversee Herberger’s until a successor is named.

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