Ashley Stewart names a Wal-Mart retail veteran as CEO
August 12, 2011 10:09 AM
Ashley Stewart, a multichannel retailer of plus-size women’s apparel, this week said it had appointed Celia Clancy as president and CEO. She replaces Laura Weil, whom the company says resigned to focus on other pursuits.
AshleyStewart.com is No. 629 in Internet Retailer’s Second 500 Guide with an Internet Retailer-estimated $7.4 million in web sales last year. It began selling online in 2008. Clancy says she intends to develop Ashley Stewart’s e-commerce channel and expand the company’s retail footprint.
Since 2007, Clancy had served as president of AJWright, a discount retail chain owned by TJX Cos. Inc. TJX closed all AJWright stores in February. AJWright had no e-commerce presence.
“Celia is known for being a decisive leader and team builder,” says James Rhee, managing director of GB Merchant Partners, the private equity firm that bought Ashley Stewart last October. “She is known for building high-performing teams and cultures and she has grown major retail brands by significantly improving the merchandise mix and in-store experience.”
Prior to TJX, Clancy worked as a senior operations consultant at private equity firm Cerberus and from 1997 to 2005 worked for Wal-Mart as senior vice president and general merchandise manager.
“I am very excited to join the team at Ashley Stewart. From my days at both Wal-Mart and AJWright, I have always been a strong admirer of the store and the brand,” Clancy says.