Ed Thomas, chief executive of Tilly’s Inc. (NYSE: TLYS), announced Monday his retirement from the Irvine-based apparel company, effective immediately.
Thomas has led Tilly’s since late 2015 and had held the CEO position previously from 2005 to 2007. His retail experience includes 12 years with The Wet Seal Inc.
Hezy Shaked, co-founder of the company and current executive chairman of the board, will act as interim president and CEO until a successor is named.
Tilly’s currently operates 251 total stores across 33 states. Shares of the retailer were up 3.2% to $7.68 apiece with a market cap of $230 million.
