Brookstone Brings in New CEO

Share this content:
Brookstone Inc. announced this week that CEO Michael Anthony has left the company and will be replaced by Lou Mancini, previously the president/CEO of Murray's Discount Auto Stores Inc.


Mancini "brings management strength and a new perspective on retail store management to Brookstone," said Ron Sim, chairman of Brookstone and CEO of OSIM International, which acquired Brookstone, Merrimack, N.H., as part of a new ownership group in October. "We believe that we already have the infrastructure and product culture necessary to take it to the next level. At this point, the primary need -- as well as opportunity -- is to increase productivity in the retail stores. That will be [Mancini's] mandate," Sim continued.


Mancini, who was also president/CEO of GNC, will have his work cut out for him. In February, Brookstone reported that same-store sales for the 48 weeks ended Dec. 31 2005 fell 8 percent. The company's net sales for the year dropped 4.4 percent totaling $440.6 million.


This article is part of the DMNPolitics site, in partnership with Fluent. Click on the footer to see all of our content about the 2016 Election

Loading links....
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Latest Jobs:

Featured Listings