Neiman Marcus loses another exec

Neiman Marcus Chief Marketing Officer Wanda Gierhart is leaving the luxury retailer; she is the third key executive to depart this year. 

        Wanda Gierhart

No departure date has been set and Gierhart will stay on until a replacement is named and the transition is complete, CEO Karen Katz said in an email to employees, The Dallas Morning News reported.

Gierhart plans to "focus on other interests and pursue different opportunities," Katz said. "She has committed to staying with Neiman Marcus Group as we work through the transition."

Gierhart spent seven years with Neiman Marcus, during which time the retailer invested in new technology and launched multiple mobile initiatives, including visual search, a shoppable Instagram feed and a mobile wallet.

But the fourth quarter was not a good one for Neiman Marcus, which posted its first decline in holiday sales since the Great Recession and the second quarter in a row of comparable store sales declines.

"During her tenure, our marketing and creative team has responded to ever-evolving technology and the growth of social media to ensure Neiman Marcus Group remains at the vanguard of how our customer shops today," Katz said.

Neiman Marcus has lost four top executives since December, when Stacie Shirley left as senior VP of finance to join Tuesday Morning. Ignaz Gorischek, a 25-year veteran responsible for in-store experience, departed in early March, and MyTheresa Fashion Director Justin O'Shea also resigned.

Neiman Marcus acquired Munich-based MyTheresa in September 2014 with an eye toward growing its online presence in Europe.

For more:
-See this Dallas Morning News story

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