Mervyns seeks new president as Leto departs     

Hayward, Calif. – Less than a year after taking on the top executive duties at Mervyns, Rick Leto has resigned from the 189-unit promotional department store chain, effective Friday, Dec. 14.

A former evp and gmm at Kohl’s, he was president and chief merchandising officer at sporting goods specialty retailer Gaylan’s prior to joining Mervyns in January 2005. Leto took the reins at Mervyns upon the Feb. 1, 2007 departure of Vanessa Castagna. While Castagna’s title was executive chairwoman of the board of directors, she had directed day-to-day operations, the role Leto stepped into without gaining the title (he was already president and cmo at the time).

Ranked at No.25 on the HTT Top 50 Retailing Giants list, Mervyns had 2006 home textiles sales of $193 million. The chain was acquired from Target Corp. in 2004 by a private investment group led by New York-based Cerberus Capital Management.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!