ModCloth taps new CEO
ModCloth CEO Antonio Nieves announced Wednesday he is stepping down from the company, a spokesperson told Retail Dive. Nieves will "remain with the company for several weeks to ensure a smooth transition," per the spokesperson. Nieves was ModCloth's CEO for a little over a year and a half and previously served as ModCloth's CFO and the CFO of Bonobos, according to his LinkedIn page.
The company also announced its new CEO, Silvia Mazzucchelli, who most recently worked with American Apparel and led the relaunch of the brand. Mazzucchelli formerly acted as the chief merchandising officer at TOMS Shoes and at Guess as the vice president of global corporate strategy, according to ModCloth.
ModCloth also announced the appointment of Sabina Weber, who will serve as the vice president of marketing at the company. Weber previously worked with Mazzucchelli at American Apparel as vice president of brand marketing. Jahnavi Parekh will act as ModCloth's vice president of finance and was formerly the senior director of corporate financial planning and analysis at Walmart e-commerce.
ModCloth announced an influx of female leadership at the company. The overhaul of ModCloth's executive team comes about 19 months after Nieves took on the CEO role. Prior to that, Matt Kaness served as the company's CEO for a little over a year under Walmart and for two years prior to that.
"ModCloth is taking an important step forward in its mission to celebrate the spirit of women everywhere. Today the company announced that it is elevating three women in top executive roles which will continue ModCloth's brand momentum and market relevancy," a company spokesperson told Retail Dive.
The once digitally native brand has expanded to showroom style "Fitshops" — inventory-less physical locations where customers can try on apparel samples and receive styling advice. There are currently Fitshops located in New York City, San Francisco, Washington, D.C. and Austin, according to the company's website. The push into brick-and-mortar retail came after Jet.com, a subsidiary of Walmart, purchased the company in 2017.
This past March the vintage-inspired retailer launched the "Against the Current" campaign in celebration of International Women's Day, featuring starring singer-songwriter Halsey and actresses Awkwafina, Dascha Polanco and Hari Nef.
Follow Kaarin Vembar on Twitter