Karen Katz, former president and CEO of Neiman Marcus Team, has joined the board of Intermix, a fashion attire retailer based in New York with 29 stores and an e-commerce small business.
Soon after 33 several years at Neiman Marcus, the very last eight as CEO, Katz retired from the Dallas retailer in 2018 and stayed on the board for two additional years. Among the her board seats so much, Intermix is the most immediate competitor to Neiman Marcus. Katz is also a director at Under Armour, The Actual Authentic and Humana Healthcare. She has worked with various startups and personal organizations as an adviser.
She also chairs the board of the Perot Museum of Nature and Science in Dallas.
“Intermix is properly-positioned to be an business chief, and I’m looking forward to assistance establish the future generation of a customer-focused, multi-brand style retailer,” Katz stated. Intermix had a store at NorthPark Centre for 10 decades and closed it in 2016. The store’s tactic to fashion retailing is to combine recognized and rising designer brands on the very same rack to give shoppers personalised seems to be.
Intermix CEO Jyothi Rao reported the retailer can leverage Katz’s “product- and purchaser-centric approach” to fortify its placement in the sector.
Intermix was owned by Gap Inc. for a few years until final Could when it was marketed to personal equity agency Altamont Funds Partners. Gap acquired Intermix in 2012 but later on shifted its concentration to its biggest brand names, and at the exact same time bought its premium children’s attire retailer, Janie and Jack.
Twitter: @MariaHalkias
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