Excess inventory e-commerce firm Inturn named Tony D’Annibale senior vice president and head of marketplace.
D’Annibale, who is a veteran off-price merchandiser with three decades of experience, “will be responsible for building out and overseeing the company’s global off-price marketplace,” the company said.
David Solomon, chief revenue officer of Inturn, said D’Annibale “brings a strong network of industry relationships that will broaden our pool of buyers and sellers, and enhance our ability to help brands optimize the value of their excess inventory.” D’Annibale reports to Solomon.
Ronen Lazar, cofounder and chief executive officer of the company, said D’Annibale’s experience, which includes “both traditional and digital retail, will be extremely valuable in the continued growth and innovation of our global excess inventory platform.”
D’Annibale previously served as president of L.A.-based off-price wholesaler Jessica’s Brands. Prior to that he was the chief merchandising officer at Rue La La and was executive vice president of merchandising at Loehmann’s Inc.
D’Annibale said having been on the “merchandising side of the equation, I have seen firsthand the inefficiencies in the historically manual process of buying and selling off-price inventory.” Inturn’s platform, by contrast, is automated, which allows for “speeding and enhancing the value recovered for brands and retailers,” D’Annibale said.