Nordstrom has promoted Alexis DePree to chief operating officer, the department store announced on Friday.
DePree joined Nordstrom four years ago as executive vice president and chief supply chain officer, after stints at Amazon and Target.
She “will continue to support supply chain operations, transportation, inventory operations, enterprise operations, and store operations,” the company said in a press release.
The announcement comes the same day that Nordstrom reported levels of theft in its transportation network and supply chain that drove a 225 basis-point hit to gross margins.
Evercore ISI analysts led by Michael Binetti flagged the problem, warning that “there is little room for error on margins” and warned that the shrink-related risk could continue.
Nordstrom said that DePree has overseen “meaningful progress in several different areas: we’ve strengthened our supply chain network, dramatically improved our speed to customer, and reduced costs.”
Ongoing priorities include leveraging RFID tech and improving operational efficiency and consistency, the company also said.
