Bealls names new president
Kevin McQuaid / Sarasota Herald-Tribune
Bealls Inc. on Thursday announced it had tapped a retail apparel veteran with experience leading chains ranging from Lane Bryant to Christopher & Banks to be president of its department stores.
Lorna E. Nagler, 53, began work Wednesday at the Bradenton-based chain, which operates 530 stores in 14 states.
Prior to joining Bealls, Nagler had been president and chief executive at Christopher & Banks, a struggling, publicly held, Plymouth, Minn., specialty retailer catering to baby boomer women that operates 800 stores in 46 states, according to the chain’s website.
Nagler was named president of the Minnesota company in 2007, but unexpectedly “resigned all positions with the Company to pursue other interests” in October, according to company filings with the U.S. Securities and Exchange Commission.
For the company’s fiscal years that encompassed 2009 and 2010, Nagler received roughly $5 million in salary, bonuses, stock options and other compensation, SEC filings show.
“I’m excited to be part of Bealls,” Nagler said in a statement released by Bealls late Thursday afternoon. “It has a long history, a unique Florida identity and a deep, enviable loyalty from its customers. I look forward to our next phase of growth and success.”
Nagler replaces Lana Cain Krauter as president of Bealls’ department store division, which has 80 stores. Krauter, 57, joined Bealls in spring 2008.
She left the local chain in October, and earlier this week was named president of Sears’ apparel division, overseeing the retailer’s clothing business in 3,900 Sears and Kmart stores and online.
The Sears’ job marked a bit of a homecoming for Krauter, who had been with the nation’s largest department store chain in the 1990s and had a strong hand in creating the “Softer Side of Sears” advertising campaign.
Krauter will be based in San Francisco.
In addition to her experience with Christopher & Banks, Nagler was president of Charming Shoppes Inc.’s Lane Bryant division from 2004 to 2007, and led its Catherines Stores line from 2002 to 2004.
“It sounds like she has a really good background for Bealls core competencies,” said Jeff Green, an Arizona retail consultant. “She’s done discount retailing and speciality retailing, which is an interesting combination for somebody like Bealls.”
From 1996 to 2002, Nagler held various management positions with Kmart Corp. and worked at Toys R Us as a vice president from 1994 to 1996, according to profile information she submitted to be a director of Ulta Salon Cosmetics & Fragrances Inc., a Bolingbrook, Ill., company.
“The breadth of her experience, her track record of accomplishments and her values-based approach to leadership makes her a perfect fit for the Bealls Department Stores presidency,” said Steve Knopik, Bealls’ chief executive, in a statement.