Cache Taps Burberry Exec for Chief Merchandising Role

Cache Inc. reports that Daphne Pappas has joined the company as executive vice president, chief merchandise officer.

Pappas brings over 30 years of retail industry experience to Cache. For the past 10 years, she served as vice president, general merchandising manager for Burberry America where she led the company's women's business. Under her direction, Burberry America's recorded strong sales and profitability growth through her ability to collaborate across all business areas and develop a focused assortment that met with increased consumer demand. Prior to this, Pappas was the divisional merchandise manager of Juniors sportswear at Macy's East, a $150-million business in 82 stores. During her career at Macy's East she developed and implemented a strategic vision for Juniors, worked closely with marketing, Federated merchandising and store operations to create a differentiated statement and to achieve corporate goals. In addition, she identified growth opportunities through a strategy that resulted in significant overall growth and profitability.

Before Macy's East, Pappas spent 13 years at Saks Fifth Avenue in various roles with increasing responsibility. In her most senior role at Saks she held the title of vice president/director, merchandise manager of bridge sportswear,coats, suits, dresses, and evening, which generated $162 million in 62 stores. In this role, she redirected and refocused the contemporary business in order to establish Saks as a leading contemporary retailer that appealed to a new and younger customer with great success. She also developed trend shops to set seasonal direction, and created and grew a new line of business, which offered higher levels of fashion that would differentiate Saks from its peers. Pappas grew the bridge business more than 20 percent in four years and repositioned the "Real Clothes" brand to satisfy lifestyle needs while successfully increasing gross margin.

Jay Margolis, chairman and chief executive officer, says, "We are excited to attract Daphne to our leadership team as chief merchandising officer given her strong understanding of the Cache brand and business model, as well as her unique perspective to deliver a balanced mix of price points and promotions, and her history of creating a vision to substantially grow retail businesses.

Daphne's proven ability to interpret a brand vision and work collaboratively across all aspects of the business to deliver consistently strong selling assortments will be highly valuable to us as we position Cache to become a top destination for all of our customers lifestyle needs and to expand our consumer reach."

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