GREG SCOTT JOINS WET SEAL
NEW YORK — Just two months after joining Laundry by Shelli Segal as president of merchandising, Greg Scott has left to go to junior retailer Wet Seal as president of its new Arden B. retail division.
Executives at Laundry, a division of Liz Claiborne Inc., said they had no comment on Scott’s departure. A company spokeswoman said a successor had not yet been named.
Prior to joining the contemporary company in February, Scott had been the head merchant at Bebe Stores; he has also held merchandising positions at Ann Taylor Stores, Henri Bendel and Macy’s West. He left Bebe in January after four years, where we has widely praised for his strong management skills and merchandising flair.
Wet Seal, which operates Contempo Casual, Wet Seal, Arden B. and Limbo Lounge stores, has had some rough times lately due to merchandise miscues and significant margin erosion. In a conference call with analysts in March, Wet Seal executives said Arden B., which carries contemporary apparel, failed to meet plan in the fourth quarter.
Arden B. was launched in November 1998 and has 82 units, many of which were formerly Britches locations that Wet Seal purchased last February.
“We are confident that under Greg’s vision and leadership, Arden B. will emerge as a prominent force among contemporary women’s retailers,” said Kathy Bronstein, Wet Seal’s vice chairman and chief executive officer.