fashion-scoops
fashion-scoops

Lisa Rhodes Out at Dots

The chief executive officer of the bankrupt chain left the company this week.

fashion-scoops/news
Most Recent Articles In Fashion Scoops
Latest Fashion Scoops Articles

More Articles By

OUT AT DOTS: Lisa Rhodes, chief executive officer of the bankrupt Dots chain, left the company this week. To fill the management void, two insiders — David Minnix, head of stores, and Lisa Surella, chief merchant — have been pumped up to copresidents.

Owner Irving Place Capital is actively seeking to sell the $325 million Dots chain, which went bankrupt. One source said a deal could happen within 30 to 60 days. Irving Place Capital declined to comment Thursday. Weeks ago, The Wet Seal Inc. showed interest, but it is currently not seen as a bidder, two sources said.

Dots filed bankruptcy last month. At the time, Rhodes blamed it on past management practices but some market sources pegged the difficulties on an overly ambitious volume buildup and weak sell-throughs resulting in stale merchandising. Rhodes joined Dots in August 2012. Previously, she headed up Wal-Mart’s New York fashion office, which shut down in February 2012. Before that, she was executive vice president and chief merchandising officer for Maurice’s.

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

LatestPublications
getIsArchiveOnly= hasAccess=false hasArchiveAccess=false