Steve & Barry’s appointed Harold “Hal” Kahn as chief executive
officer, effective immediately. Kahn has worked in the retail business
for 35 years, including 10 years as chairman and CEO of Macy’s East, a
division of Macy’s, before leaving in 2004 to launch a retail
consulting business. Prior to that, he was CEO of Abraham and Straus,
president of Montgomery Ward, and CEO of Macy’s South and Macy’s West.
He began his career in the training program at Macy’s in 1970.
“I am thrilled about the opportunity to help lead Steve &
Barry’s, a retailer I believe offers a value proposition that’s second
to none in the marketplace,” said Kahn. “Ive been watching the company
closely since it began launching amazing celebrity collections with
Sarah Jessica Parker, Venus Williams, Amanda Bynes, Laird Hamilton and
others. Im looking forward to helping guide the company to ensure it
reaches its full potential.”
Douglas Teitelbaum, managing principal of investment fund Bay Harbour
Management, which together with York Capital Management purchased Steve
& Barry’s out of bankruptcy this summer, said, “Hiring an
extraordinary retail pro to lead Steve & Barry’s was our top
priority in the strategic business plan we put together for getting the
company on track to meet our profitability goals over the long term.
Were very fortunate that we were able to persuade Hal Kahn, one of the
genuine greats in the field, to join the team. I think that’s testament
to how big an impact Steve & Barry’s can make in retail over the
next several years.”
