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financial

NMG Seeking Growth: Taps Strategy Exec, Is Barneys Up Next?

Neiman’s named former Sears executive Steven Dennis as senior vice president of strategy, business development and multichannel marketing.

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In a conference call Tuesday, Tansky expressed some caution about the months ahead. “Beginning this year, sales growth will be more challenging,” he said, predicting a 7 to 9 percent comp gain in the first quarter, against 10.7 percent gain in the first quarter of the previous year. Still, the first-quarter guidance was an increase from a prior estimate for positive 5 to 7 percent first-quarter comps.

Dennis is a 12-year veteran of Sears and last held the post of vice president of corporate strategy. During his tenure with Sears, Dennis led multichannel efforts and was also instrumental in developing the new “Sears Grand” off-the-mall concept and the acquisition of Lands’ End.

Prior to Sears, he spent five years with The NutraSweet Company in a variety of business development and new product marketing roles, and two years with Booz, Allen & Hamilton Inc. as a strategy consultant.

With contributions from Vicki M. Young
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