Tillys Announces Leadership Transition
22 Janeiro 2024 - 8:30AM
Business Wire
Tilly’s, Inc. (NYSE: TLYS) (the “Company”) today announced that,
effective today, Ed Thomas has retired from his position as
President and Chief Executive Officer and as a Director of the
Company.
“On behalf of the Board of Directors and everyone at Tillys, I
sincerely thank Ed for his many valuable contributions and
leadership during his tenure at Tillys, and wish him continued
success in his future endeavors,” said Hezy Shaked, Co-Founder and
Executive Chairman of the Board of Directors.
Mr. Shaked has been appointed to serve as the Company’s interim
President and Chief Executive Officer until a successor is in
place. As the Company’s Co-Founder and former President and Chief
Executive Officer, Mr. Shaked has an in-depth knowledge and
understanding of all facets of the Company’s business and has
developed extensive professional relationships during his over 40
years of experience in the retail industry.
About Tillys
Tillys is a leading, destination specialty retailer of casual
apparel, footwear and accessories for young men, young women, boys
and girls with an extensive selection of iconic global, emerging,
and proprietary brands rooted in an active, outdoor and social
lifestyle. Tillys is headquartered in Irvine, California and
currently operates 251 total stores across 33 states as well as its
website, www.tillys.com.
Forward Looking Statements
Certain statements in this press release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. In particular, statements regarding the
Company’s future financial performance or prospects, the expected
leadership and board changes and the potential success of the
Company’s new leadership team, and any other statements about the
Company’s future cash position, financial flexibility,
expectations, plans, intentions, beliefs or prospects expressed by
management are forward-looking statements. These forward-looking
statements are based on management’s current expectations and
beliefs, but they involve a number of risks and uncertainties that
could cause actual results or events to differ materially from
those indicated by such forward-looking statements, including, but
not limited to the impact of inflation on consumer behavior and the
Company’s business and operations, supply chain difficulties, and
the Company’s ability to respond thereto, the Company’s ability to
respond to changing customer preferences and trends, attract
customer traffic at the Company’s stores and online, execute the
Company’s growth and long-term strategies, expand into new markets,
grow the Company’s e-commerce business, effectively manage the
Company’s inventory and costs, effectively compete with other
retailers, attract talented employees, or enhance awareness of the
Company’s brand and brand image, general consumer spending patterns
and levels, including changes in historical spending patterns, the
markets generally, the Company’s ability to satisfy the Company’s
financial obligations, including under the Company’s credit
facility and the Company’s leases, and other factors that are
detailed in the Company’s Annual Report on Form 10-K, filed with
the Securities and Exchange Commission (“SEC”), including those
detailed in the section titled “Risk Factors” and in the Company’s
other filings with the SEC, which are available on the SEC’s
website at www.sec.gov and on the Company’s website at
www.tillys.com under the heading “Investor Relations”. Readers are
urged not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company does not undertake any obligation to update or alter
any forward-looking statements, whether as a result of new
information, future events or otherwise. This release should be
read in conjunction with the Company’s financial statements and
notes thereto contained in the Company’s Form 10-K.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240122260045/en/
Investor Relations: Michael L.
Henry Executive Vice President, Chief Financial Officer
949-609-5599 x.17000 irelations@tillys.com
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