Thank you for sharing!

Your article was successfully shared with the contacts you provided.

REDMOND, WA-Neil Fiske, the chief executive officer of Limited Brands’ Bath & Body Works, is leaving the company to take up the president and chief executive officer role at Eddie Bauer, starting July 9. He replaces Howard Gross, who has served as interim chief executive officer since February.

Fiske was at Bath & Body Works for four years. During that period, the Columbus-based chain saw annual revenues grow from $1.8 billion to nearly $2.6 billion, and same-store sales reversed yearly declines.

Fiske is joining 367-store Eddie Bauer in a time of transition for the outdoor-apparel retailer. The company is in the midst of a turnaround, and earlier this year Eddie Bauer shareholders rejected a proposal by private-equity firms Sun Capital Partners Inc. and Golden Gate Capital to acquire the retailer for about $614 million. Eddie Bauer remains traded on the Nasdaq.

Sales-wise, locally based Eddie Bauer reported a strong first quarter last month, when same-store sales jumped 9.5% year over year and total revenues rose 10%, to $214 million. However, the company still posted a net loss of $44.8 million.

Prior to his Limited tenure, Fiske spent 14 years at Boston Consulting Group, analyzing the consumer goods and retail sectors. He is also author of the book “Trading Up: The New American Luxury.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.