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Charles Chinni Named Chairman, CEO of Fortunoff
March 12, 2008
Purchase, N.Y.-based NRDC Equity Partners announced the appointment of Charles Chinni as the chairman and CEO of Fortunoff, which it recently acquired. According to NRDC, which is the parent company of Lord & Taylor, Chinni's breadth of experience in home and jewelry retailing position him as an ideal candidate to reinvigorate Fortunoff, currently a $439 million, 23-unit chain. Chinni joins Fortunoff with a 26-year history at Macy's/Bamberger's, where he was the president of merchandising responsible for home, cosmetics, lingerie and fine jewelry. He has also served as executive vice president of merchandising for Kmart Corp., as well as chairman and CEO of bed and bath retailer Stroud's. Most recently, Chinni served as executive vice president and general merchandise manager for home, family footwear and women's accessories for J.C. Penney Co. Inc. Additionally, Donald Watros has been named vice chairman of Fortunoff. Watros joined NRDC in August 2006, and currently serves as managing director of retail operations, a position he will maintain alongside the Fortunoff assignment.
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DDI visited the new JCPenney department store at Manhattan Mall in New York and spoke with store manager Joe Cardamone.Click here for a video of that conversation paired with a walk-through tour of the new store. For more on the JCPenney store, look out for DDI's November/December issue mailing out at the end of November.
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