On paper, a clever appointment. Now two CEO's in waiting (Karp the other), both with solid credentials. Perlstein and board appear to be readying CEO transition.
Either of the two needs to focus on ripping $50m out of the cost base, Perlstein has a poor record on costs, and on better product differentiation. Online progress quite good, new warehousing facility great move as well.
Ann: Appointment of Chief Financial Officer, page-2
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