Collective Brands, Inc. (NYSE: PSS) recently announced that John D. Smith has been appointed Senior Vice President and General Manager of Retail for Collective Brands Performance + Lifestyle Group, reporting to Sharon John, the recently announced new President of the Stride Rite Children's Group. In his new role, Smith will be responsible for the Performance + Lifestyle Group retail effort, partnering with the Stride Rite Children's Group and the Performance + Lifestyle Group (PLG) leadership teams to develop and execute the vision, mission and overall strategy for the PLG's retail businesses including expanding the 360-store Stride Rite chain.
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Smith joined the company in 2005 as Vice President of Corporate Strategy, and in 2007 was named Division Senior Vice President of Store Development. In May 2009 he was promoted to his most recent role as Senior Vice President of Store Development and Procurement for Collective Brands. In this role, he managed all phases of the store life cycle -- from real estate analytics and site selection to store design, construction, lease administration and facilities. He also was responsible for directing strategic sourcing and managing spending for indirect goods and services for the corporation. “We have tremendous opportunities to grow and evolve PLG's retail business," said Gregg Ribatt, CEO of PLG. "John's background and leadership will be an immensely valuable asset to help us establish and execute retail strategies and the appropriate operational infrastructure for maximum long-term growth." "Applying John's extensive retail knowledge and strategic thinking directly to the PLG operation will enable us to take our retail businesses in this important and growing unit of our company to the next level," said Matt Rubel, CEO of Collective Brands. "This move not only demonstrates our company's philosophy of building our internal bench-strength by leveraging cross-functional talent throughout our organization, but also shows our commitment to the PLG retail business -- a critical initiative for Collective Brands' hybrid business model."
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