Amazon Fashion President Exits
Amazon Fashion's current president, Cathy Beaudoin, is leaving the company. Business of Fashion reports after eight years with the Seattle-based e-commerce giant, Beaudoin resigned last week. “Cathy Beaudoin has decided to step down from her position as president of Amazon Fashion,” said a spokesperson for Amazon Fashion. “Given the momentum of the business and strength of the team, she’s decided now is the right time to pass the baton. We thank Cathy for her tremendous contributions to Amazon Fashion and wish her all the best.”
Total Retail's Take: Just as Amazon Fashion was poised to be the top e-tailer in the space, one of its key players has left. Amazon CEO Jeff Bezos hired Beaudoin in 2008 from Gap's Piperlime brand to catapult Amazon into the fashion space. Fast-forward a few years and Amazon is now expected this year to surpass Macy's to become the biggest apparel seller in the U.S.. While Beaudoin's exit is surprising news, I think this will just be a blip on the radar for Amazon Fashion as it continues to gain market share.