Burton M. Tansky will retire as president/CEO of luxury retailer The Neiman Marcus Group effective Oct. 6, and will be succeeded by Neiman Marcus Stores division president/CEO Karen W. Katz.
Tansky, who has been president/CEO since 2001, joined the company in 1989 as chairman/CEO of Bergdorf Goodman. Upon his retirement, Tansky will assume the role of non-executive chairman of the board, the merchant announced on Monday.
Katz has been with The Neiman Marcus Group for 25 years and has served as president of Neiman Marcus Direct, executive vice president of Neiman Marcus Stores and senior vice president/director of stores.
In addition to those moves, James E. Skinner, the company’s executive vice president/chief financial officer, will also become chief operating officer.
James J. Gold, president/CEO of its Bergdorf Goodman division, will become president of specialty retail, which is a new position. Gold will be responsible for merchandising and store operations for the 41 Neiman Marcus full-line stores and for Bergdorf Goodman.
Neiman Marcus two weeks ago announced strong sales for March. Its total revenue for the five weeks ended April 3 were $341 million, up 11% from last year. Comparable revenue for Neiman Marcus Direct were up 11.1%.