francesca's(R) Appoints Laurie Hummel Executive Vice President and Chief Merchandising Officer
October 29 2015 - 6:59AM
Francesca's Holdings Corporation (Nasdaq:FRAN) today announced the
appointment of Laurie Hummel as Executive Vice President and
Chief Merchandising Officer. Ms. Hummel will assume her
responsibilities on November 30, 2015 and will report to
Michael W. Barnes, the Chairman, President, and Chief Executive
Officer. Ms. Hummel will lead all merchandising, product
development and vendor related supply chain functions.
Ms. Hummel brings more than 25 years of retail experience to
francesca's having held a variety of leadership roles in the
merchandising, and planning & allocation functions at retailers
such as Kohl's, Stage Stores and Macy's. Most recently, Ms.
Hummel served as SVP Divisional Merchandise Manager at Kohl's,
responsible for the jewelry and watch business. Prior to joining
Kohl's, Ms. Hummel held leadership positions leading many important
merchandising functions related to junior sportswear, intimate
apparel, dresses, denim and fashion tops.
Mr. Barnes said, "I could not be more thrilled to have
Laurie on the francesca's leadership team. She is a world-class
merchant and retail executive who brings a wealth of experience
with a strong track record of driving profitable growth. Laurie's
background is a great match for the qualities we were searching for
in a Chief Merchant with proven capabilities in merchandising,
product development, and financial planning. She has demonstrated
strong leadership skills having led large teams responsible for
driving many successful initiatives throughout her career. Laurie's
background, as well as her deep understanding of our customer,
makes her an ideal partner as we continue to build on our unique
merchandising strategies. I look forward to working with her as we
drive our business forward."
About Francesca's Holdings
Corporation:
francesca's® is a growing specialty retailer with retail
locations designed and merchandised to feel like unique, upscale
boutiques providing customers a fun and differentiated shopping
experience. The merchandise assortment is a diverse and balanced
mix of apparel, jewelry, accessories and gifts. Today francesca's®
operates 618 boutiques in 47 states and the District of Columbia
and also serves its customers through francescas.com. For
additional information on francesca's®, please visit
www.francescas.com.
Forward-Looking Statements
Certain statements in this release are "forward-looking
statements" made pursuant to the safe-harbor provisions of the
Private Securities Litigation Reform Act of 1995, as amended. Such
forward-looking statements reflect our current expectations or
beliefs concerning future events and are subject to various risks
and uncertainties that may cause actual results to differ
materially from those that we expected. These risks and
uncertainties include, but are not limited to, the following: the
risk that we cannot anticipate, identify and respond quickly to
changing fashion trends and customer preferences; our ability to
attract a sufficient number of customers to our boutiques or sell
sufficient quantities of our merchandise through our
direct-to-consumer business; our ability to successfully open and
operate new boutiques each year; our ability to efficiently source
and distribute additional merchandise quantities necessary to
support our growth; and our ability to attract and integrate a new
Chief Merchandising Officer. For additional information regarding
these and other risks and uncertainties that could cause actual
results to differ materially from those contained in our
forward-looking statements, please refer to "Risk Factors" in our
Annual Report on Form 10-K for the year ended January 31, 2015
filed with the Securities and Exchange Commission on March 27, 2015
and any risk factors contained in subsequent quarterly and annual
reports we file with the SEC. We undertake no obligation to
publicly update or revise any forward-looking statement.
CONTACT: ICR, Inc.
Jean Fontana
646-277-1214
Company
Mark Vendetti
832-494-2315
Mark.Vendetti@francescas.com /
IR@francescas.com
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