Neiman Marcus Group has taken a significant step forward in its transformation journey by appointing Lana Todorovich as the new Chief Merchandising Officer. With an impressive background in the fashion industry, including leadership roles at Ralph Lauren, Global Brands Group, Perry Ellis International, and Calvin Klein, Todorovich brings a wealth of experience to her new position.
In her previous role as President for North America wholesale at Ralph Lauren, Todorovich managed a diverse portfolio of brands and over $1 billion in sales. Her appointment at Neiman Marcus signals a strategic move by the company to focus on a customer-centric model and enhance the overall shopping experience for its customers.
Geoffroy van Raemdonck, CEO of Neiman Marcus Group, expressed his optimism about Todorovich’s addition to the leadership team, highlighting her exceptional leadership and partnership skills. He believes that Todorovich will play a vital role in elevating the Neiman Marcus brand and delivering seamless, personal, and magical experiences to customers.
As Neiman Marcus continues to navigate challenges in the retail landscape, including competition from online retailers, Todorovich’s appointment comes at a crucial time. The company is also exploring options for its Munich-based fashion e-tailer, MyTheresa, as part of efforts to improve financial performance.
With Todorovich leading the merchandising efforts, Neiman Marcus aims to position itself as a more relevant and compelling destination for luxury shoppers. Her appointment underscores the company’s commitment to ongoing transformation and customer-focused initiatives.
To learn more about Neiman Marcus Group and its recent developments, visit their official website here. For insights into the latest trends in luxury retail and fashion, check out industry resources like Retail Dive here.
