Retail
Nordstrom
Nordstrom Inc. announced Teri Bariquit as chief merchandising officer.
In this newly created role, Bariquit will serve as a member of the company’s executive team, leading the full-price and off-price merchandising areas. She will report to co-president Pete Nordstrom.
Bariquit has spent a significant part of her career at Nordstrom supporting the evolution and continuous improvement of all aspects of the merchandising organization. Most recently, she served as executive vice president of merchandise planning and solutions, a position she held since 2012.
Overstock.com
Allison Abraham, the chair of Overstock.com Inc.’s board of directors, announced the appointment of Jonathan E. Johnson III as its interim CEO and Dr. Kamelia Aryafar as member of the board in the wake of the resignation of Dr. Patrick M. Byrne as CEO and member of the board.
Byrne resigned after news of his romantic involvement with alleged Russian agent Maria Butina and controversial comments about the “Deep State.”
Johnson has been with the company for nearly 17 years and serves on the board and as the president of Medici Ventures, the company’s wholly owned subsidiary focusing on blockchain innovation. Aryafar has been with the company since 2017 and serves as the chief algorithms officer.
Aryafar is also being promoted to executive vice president of Overstock’s retail business, overseeing the continued implementation of a data-driven and machine learning strategy across the customer, marketing and sourcing departments, and will continue to serve in her role as chief algorithms officer of Overstock’s retail business.
Overstock.com is an online retailer and technology company based in Salt Lake City, Utah. It sells a broad range of new products at low prices.
Related Stories
Manufacturing
Reshoring Initiative
The U.S. Department of Commerce named Harry Moser, founder and president of the Reshoring Initiative, as a member of its new Investment Advisory Council.
The council will advise the Secretary of Commerce on how government policies and programs affect the U.S.’s ability to attract and facilitate business investment. The Commerce Department’s SelectUSA has been successful in attracting foreign direct investment (FDI) to the U.S. and is now also responsible for reshoring by U.S. companies.
The Reshoring Initiative tracks and drives trends that brought 145,000 manufacturing jobs to the U.S. in 2018 and 757,000 since 2010.
Trade
USITC
Randolph J. Stayin, a Republican of Virginia, was sworn in as a commissioner of the U.S. International Trade Commission (USITC). Stayin was confirmed by the Senate on Aug. 1 for a term expiring on June 16, 2026.
Stayin brings to the USITC more than 40 years of litigation, legislative and regulatory advocacy experience in international trade policy, trade law and regulatory compliance. As an attorney in private practice, he represented clients in antidumping and countervailing duty proceedings, including investigations, sunset reviews, administrative reviews, scope reviews and anti-circumvention investigations.
Stayin is a former chief of staff and director of legislation to Sen. Robert Taft Jr., (R, Ohio). Prior to his confirmation, Stayin also maintained a nonprofit trade association consulting practice, advising clients on a range of nonprofit issues, including legislation, policy, trade, contracts, corporation, employment, technical standards, and antitrust matters.
The USITC is an independent, nonpartisan, fact-finding federal agency that investigates and makes determinations in proceedings involving imports claimed to injure a domestic industry or violate U.S. intellectual property rights. It also provides independent analysis and information on tariffs, trade and competitiveness to the President and to Congress, and maintains the U.S. Harmonized Tariff Schedule.