Hanover Direct Shakeup: Shull Out, Garten Back

Edgewater, NJ-based multititle cataloger Hanover Direct on May 6 announced the resignation of Thomas C. Shull as chairman of the board, president and CEO, and the election of William B. Wachtel as chairman of the board and Wayne P. Garten as president/CEO.

Wachtel, a managing partner of New York-based law firm Wachtel & Masyr, and Garten have both served as members of the Hanover’s board of directors since late 2003, each as a designee of the holder of the company’s Preferred Stock, Chelsey Direct. Garten has been president of Edison, NJ-based toiletries marketer Caswell-Massey since this past January; his resume also includes executive stints at Micro Warehouse and Popular Club Plan. But Garten is no stranger to the $457.6 million Hanover Direct: From 1983 to 1996, he held various financial positions at Hanover and its predecessor, Horn and Hardart Co., including executive vice president and chief financial officer from 1989 to 1996.

In November, Hanover officially put all its noncore assets—plus-size women’s apparel catalog Silhouettes, upscale home furnishings cataloger/retailer Gump’s, and men’s apparel book International Male—on the selling block. The marketer’s remaining catalogs will be bedding and home decor titles: Domestications, The Company Store, Company Kids, and Scandia Down.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.