Co-founder of Tilly’s Inc., Hezy Shaked, has been reappointed as chief executive at the Irvine-based retailer (NYSE: TLYS) after serving in the interim role since January.
Shaked, who is also executive chairman of the board, returned to help lead the apparel company at the beginning of this year after former CEO Ed Thomas retired. He previously served as CEO from 2006 to 2011.
He was initially meant to lead Tilly’s until a successor was found.
“As the co-founder of this 42-year-old company, there is no one who cares about it more deeply than I do,” Shaked said in a statement. “I remain fully committed and enthusiastic about making every effort to work toward improving our business.”
Tilly’s currently counts 247 total stores across 33 states. The company reported fiscal second-quarter net sales of $163 million, an increase of 1.8% compared to a year ago.
The apparel firm currently has a market cap of $146 million with shares around $4.83 at the end of the trading day.
