OMNI Retail Enterprises Names Industry Leader Sharon M. Leite CEO

Rhea-AI Summary

OMNI Retail Enterprises has appointed Sharon M. Leite as its new CEO. Leite, a seasoned retail executive with over 25 years of experience, has previously led successful turnarounds at The Vitamin Shoppe and Ideal Image. She is tasked with revitalizing OMNI's portfolio, which includes brands such as Bodybuilding.com, Pier 1 Imports, Dress Barn, and Mentorbox.com, by expanding into new channels and categories while honoring their heritage. OMNI's goal is to support consumers through various life stages with unparalleled products and services, aiming for significant growth by leveraging Leite's expertise in consumer marketing and digital transformation.

Positive

• Appointment of Sharon M. Leite as CEO, bringing over 25 years of retail and consumer experience.
• Successful past turnarounds under Leite's leadership, notably at The Vitamin Shoppe.
• Expansion into new channels and categories for OMNI's iconic brands.

Negative

• None.

Former Vitamin Shoppe CEO and Pier 1 Imports exec to lead the revitalization of storied retail, educational and health & wellness brands.

NEW YORK--(BUSINESS WIRE)-- OMNI Retail Enterprises (OMNI), operator of a portfolio of lifestyle digital storefronts and communities covering home decor, apparel, health & wellness products, fitness & educational and more, named retail industry insider Sharon M. Leite CEO. Leite is charged with revitalizing OMNI’s iconic brands, which include Bodybuilding.com, Pier 1 Imports, Dress Barn, Mentorbox.com and others, into omni-channel powerhouses.

Sharon M. Leite , CEO of OMNI Retail Enterprises (Photo: Business Wire)

OMNI’s goal is to support consumers through various life stages by providing unparalleled products and services to millions of consumers around the globe. Through the process of developing best in class products, commerce, content and community efforts, OMNI plans to create solutions for customers while harnessing the power of connection.

“OMNI’s brands are trusted by millions of consumers and have an incredible legacy. I am honored to join OMNI at this pivotal time. We have a remarkable opportunity to accelerate growth by expanding into new channels and categories to make these iconic brands more accessible to consumers, while honoring their heritage.,” said Leite. “I’m excited to lead these brands into a new era. The leadership team, which we are in the process of building, and ownership are committed to providing the expertise and resources needed so each brand can reach its potential.”

“We are thrilled Sharon will bring her tremendous passion for the consumer, depth of digital and retail experience, commitment to building a winning team and a proven track record of developing consumer brands to the newly formed OMNI Retail Enterprises. Her unique background and experience make her the perfect choice as CEO for OMNI at this critical time,” said Raj Gupta, Executive Chair of OMNI Retail Enterprises.

Leite has over 25 years of leading consumer and retail businesses in a diverse range of industries, from apparel, consumer-packaged goods, health & wellness and home. She brings deep consumer marketing and digital transformational expertise, strong operational experience, a proven track record of shareholder value creation and a demonstrated commitment to leadership and organizational development.

Most recently, Leite was the CEO of Ideal Image, where she led a transformation and brand-growth strategy to the rapidly growing aesthetics, beauty and wellness categories. Prior to Ideal Image, she was CEO of The Vitamin Shoppe, where she led a successful turnaround, delivering the best performance in the company’s history. Earlier in her career, Leite held executive leader roles at Godiva Chocolatier, Pier 1 Imports, Bath & Body Works, Gap Inc., and The Walt Disney Company. She currently serves on the boards of Lovesac (NASDAQ: LOVE) and The M. J. Neeley School of Business at Texas Christian University. Leite received her MBA from The Jack Welch Management Institute.

About OMNI Retail Enterprises

OMNI Retail Enterprises is a global e-commerce company composed of lifestyle brands focused on elevating the shopping experience. OMNI is the parent company of Bodybuilding.com, Pier1.com, DressBarn.com, Mentorbox.com, and owns the intellectual property of Modell’s Sporting Goods, Franklin Mint, SteinMart, Linens-N-Things, and Ralph & Russo. More information can be found at https://omniretailenterprises.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240626837348/en/

Media:

Ronald Margulis

RAM Communications

908-272-3930

ron@rampr.com

Source: OMNI Retail Enterprises

FAQ

Who is the new CEO of OMNI Retail Enterprises?

Sharon M. Leite has been appointed as the new CEO of OMNI Retail Enterprises.

What brands does OMNI Retail Enterprises manage?

OMNI Retail Enterprises manages brands like Bodybuilding.com, Pier 1 Imports, Dress Barn, and Mentorbox.com.

What is Sharon M. Leite's experience prior to joining OMNI Retail Enterprises?

Sharon M. Leite has over 25 years of experience, including leading turnarounds at The Vitamin Shoppe and Ideal Image.

What is OMNI Retail Enterprises' strategy under the new CEO?

OMNI Retail Enterprises aims to revitalize its brands by expanding into new channels and categories while leveraging Sharon M. Leite's expertise in consumer marketing and digital transformation.

What is the stock symbol for Lovesac, where Sharon M. Leite serves on the board?

The stock symbol for Lovesac is LOVE.