Yesterday Howard Socol resigned from his job as CEO of Barneys. Now the retailer has the enormous task of replacing him, which they’ll do with the help of a search firm. His successor has veritably clown-size shoes to fill: Socol brought the company from bankruptcy to profitability and opened 21 stores in his roughly seven-year tenure. Also, running a luxury company like Barneys is a toughie not made easier by These Economic Times. Though everyone speculates Socol is departing because he disagrees with Barneys’ new owner Istithmar’s plans for global expansion, he told WWD that really, he just wants a little “me” time. Though it sounds like he will miss this very special job:
No wonder everyone loves shopping there so much.