Amazon Fashion President Cathy Beaudoin is set to leave after
8 years of stay at the company amid the current business momentum of Amazon and
the present strength of the team.
The e-commerce giant released a confirmation that a key
executive in the persona of Beaudoin decided to resign from the post. However,
Amazon refused to disclose who will be replacing Beaudoin at the moment. The
company had ended its statement in gratitude of all Cathy’s hard work and
tremendous contributions.
Beaudoin joined the company back in 2008 and was tasked to
handle relationship building with other brands to build Amazon’s fashion
section. Since then, the company’s fashion sector unceasingly blossomed
overtaking several apparel brands. Under Beaudoin’s management, AMZN has
successfully penetrated the fashion world. It has victoriously acquired other
sites like East Dane, MyHabit and Shopbop. With such efforts, it even ranked
second to Walmart from a survey conducted by Morgan Stanley last year.
While it is indeed a surprising time to find a key executive
leave the company because Amazon is set to carry out its plans in expanding its
fashion business. There had been recent reports narrating that the e-commerce
titan is really serious in dominating the market as it had explicitly written
in a job advertisement that it aims to become the number one online shopping site
for Fashion clients. It even plans to introduce its own bras as well as its
very own athletic clothing line (to be called as “athleisure”).
Plus, just before the announcement about Beaudoin’s exit, the
company had freshly launched its Alexa-powered device called as the Amazon Echo
Look to help you look your best. This device is voice controlled and hands-free,
which can take full body pictures or videos of you and then giving you a second
opinion about your outfit using Style Check.
Amazon stock traded today by -37% to $937.53, which declined
by 3.5 compared yesterday. Investors are on the lookout for Beaudoin’s
replacement.
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Amazon’s Fashion Boss Steps Down from Office
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