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Designer Brands Taps New CFO Following Layoffs
Yahoo Finance· 2026-02-11 16:27
Core Insights - Designer Brands has appointed Sheamus Toal as the new chief financial officer, effective February 16, replacing Jared Poff who stepped down after 10 years [1][2] Group 1: Leadership Changes - Sheamus Toal joins Designer Brands from The Children's Place, where he served as COO and CFO, and has extensive experience in senior leadership roles at New York & Company [3] - Mark Haley, who was the interim principal financial officer, will return to his previous role as senior vice president, controller, and principal accounting officer [2] Group 2: Strategic Vision - Toal expressed enthusiasm about joining Designer Brands and aims to strengthen financial and operational capabilities while supporting long-term growth strategies [4] - CEO Doug Howe highlighted Toal's financial expertise and operational leadership as crucial for executing strategic initiatives and driving long-term value [4] Group 3: Organizational Changes - The appointment of Toal follows recent layoffs at Designer Brands, which were conducted across operations and brands, although the exact number of affected employees was not disclosed [5] - A spokesperson indicated that the organizational changes aim to simplify structure, reduce complexity, and enhance speed and accountability, ultimately creating long-term value [6]
The Children's Place to Release Second Quarter Financial Results
Globenewswire· 2025-08-22 20:00
Core Insights - The Children's Place, Inc. is the largest pure-play children's specialty retailer in North America, emphasizing an omni-channel portfolio and a digital-first model [2] Financial Results Announcement - The company will release its second quarter fiscal 2025 financial results on September 5, 2025, at approximately 4:30 p.m. Eastern Time [1] Company Overview - The Children's Place operates a global retail and wholesale network that includes two digital storefronts and 495 stores in North America, along with distribution in 12 countries through seven international franchise partners [2] - The company designs and sells fashionable, high-quality outfits at value prices under proprietary brands such as "The Children's Place", "Gymboree", "Sugar & Jade", and "PJ Place" [2]