Karen Katz, former president and CEO of Neiman Marcus Group, has joined the board of Intermix, a fashion clothing retailer centered in New York with 29 outlets and an e-commerce enterprise.
Just after 33 yrs at Neiman Marcus, the last eight as CEO, Katz retired from the Dallas retailer in 2018 and stayed on the board for two additional decades. Among her board seats so far, Intermix is the most direct competitor to Neiman Marcus. Katz is also a director at Beneath Armour, The Authentic True and Humana Healthcare. She has worked with many startups and personal organizations as an adviser.
She also chairs the board of the Perot Museum of Character and Science in Dallas.
“Intermix is very well-positioned to be an sector leader, and I’m looking ahead to assistance construct the up coming technology of a client-focused, multi-brand name fashion retailer,” Katz reported. Intermix had a retail outlet at NorthPark Center for 10 years and closed it in 2016. The store’s technique to vogue retailing is to blend founded and rising designer brands on the similar rack to give consumers personalised appears to be like.
Intermix CEO Jyothi Rao reported the retailer can leverage Katz’s “product- and purchaser-centric approach” to improve its position in the current market.
Intermix was owned by Gap Inc. for a couple of many years right up until final May well when it was offered to non-public equity agency Altamont Cash Partners. Hole obtained Intermix in 2012 but afterwards shifted its concentrate to its biggest brand names, and at the very same time sold its quality children’s attire retailer, Janie and Jack.
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