Trans World Entertainment (NASDAQ: TWMC), owner of retail outlets such as the FYE music and video chain, made official the appointment of Michael Feurer as its new CEO in a Sept. 3 announcement.
According to the company statement, Feurer has an extensive retail background in strategic, branding, merchandising, marketing, Web, real estate, sourcing, production, planning and allocation capacities. Feurer most recently acted as CEO and president of Vanity Stores from 2012 to 2014.
His prior experience includes a nine-year stint with Coldwater Creek, where he acted as senior VP of merchandising and merchandise operations, as well as president of strategic new concepts. Before that, he spent 10 years at Gap, where he was responsible for planning their Japanese, European and Canadian markets.
Robert Higgins, the company's founder, will continue to act as chairman of the board.
"After spending considerable time with Mike, I am confident we have chosen the right candidate to lead our company," Higgins said. "He is passionate and driven and understands the opportunity Trans World has to be the destination for entertainment. I am confident that he will drive our operating results and increase shareholder value." Press Release