Lovisa appoints new CEO
The retailer has recorded same store sales growth above the annual 3-5 per cent anticipated, following retail price increases in the second half of FY16. The chain has also seen its store network increase to 262 stores.
Doyle’s appointment comes as the retailer also confirmed its four stores trading in the UK are trading well, with an additional three stores to be opened before Christmas.
“Steve is a proven, passionate and dedicated leader in the retail sector,” said Shane Fallscheer, who will continue as managing director of Lovisa.
“This new structure is a positive as it enables me to further focus on merchandising and continuing to build our Lovisa store network around the world while continuing to grow our core business and drive improved performance.”
Michael Kay, chair of Lovisa said by putting the new structure in place, the retailer is positioned to deliver profitable growth in its core Australian business and develop in the UK.
As part of the new structure at the jewellery chain, Doyle will report to Fallscheer, tasked with managing the operations of the current store network and improving operational efficiencies.
Doyle has over 29 years of retail experience both locally and abroad, and most recently served as MD of BCF at Super Retail Group for 12 years.
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