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Marvin Traub (May 14, 1925 – July 11, 2012) was an American businessman and writer. He was a prominent business executive in the retail sector known for his impact on merchandising and marketing. Traub was CEO and President of Bloomingdale's for twenty-two years leaving in 1992 to found his own consulting firm, Marvin Traub Associates. Between 1994 and 2000, Marvin Traub Associates participated in a joint venture with retail-focused investment banking firm, Financo, Inc..
Bloomingdale's Inc. is an American department store chain; it was founded by Joseph B. and Lyman G. Bloomingdale in 1861. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated with the Macy's department store chain; the holding company was renamed Macy's, Inc. in 2007. As of February, 2019, there are 35 full-line stores, 3 home, clearance and specialty stores and 17 outlet stores with the Bloomingdale's nameplate in operation throughout the United States. Its headquarters and flagship store are located at 59th Street and Lexington Avenue in the New York City borough of Manhattan.
Traub is the author of two books. In 1993, Traub wrote Like No Other Store...:: The Bloomingdale's Legend and the Revolution in American Marketing about his tenure at Bloomingdale's. In 2008, he wrote Marvin Traub: Like No Other Career, a coffee table book that also profiles his works since leaving Bloomingdale's.
A coffee table book is an oversized, usually hard-covered book whose purpose is for display on a table intended for use in an area in which one entertains guests and from which it can serve to inspire conversation. Subject matter is predominantly non-fiction and pictorial. Pages consist mainly of photographs and illustrations, accompanied by captions and small blocks of text, as opposed to long prose. Since they are aimed at anyone who might pick up the book for a light read, the analysis inside is often more basic and with less jargon than other books on the subject. Because of this, the term "coffee table book" can be used pejoratively to indicate a superficial approach to the subject.
Marvin Traub was born to a Jewish familyon April 14, 1925 in New York City. Traub's father Sam D. was an executive of a corset company and his mother Bea (née Bruckman), a saleswoman at Bonwit Teller. Traub graduated from Harvard University in 1947, although his studies were interrupted by service in Europe during World War II. He then attended Harvard Business School, from which he graduated in 1949.
American Jews, or Jewish Americans, are Americans who are Jews, whether by religion, ethnicity or nationality. The current Jewish community in the United States consists primarily of Ashkenazi Jews, who descend from diaspora Jewish populations of Central and Eastern Europe and comprise about 90-95% of the American Jewish population. Most American Ashkenazim are US-born, with a dwindling number of now elderly earlier immigrants, as well as some more recent foreign-born immigrants.
The City of New York, usually called either New York City (NYC) or simply New York (NY), is the most populous city in the United States. With an estimated 2017 population of 8,622,698 distributed over a land area of about 302.6 square miles (784 km2), New York is also the most densely populated major city in the United States. Located at the southern tip of the state of New York, the city is the center of the New York metropolitan area, the largest metropolitan area in the world by urban landmass and one of the world's most populous megacities, with an estimated 20,320,876 people in its 2017 Metropolitan Statistical Area and 23,876,155 residents in its Combined Statistical Area. A global power city, New York City has been described as the cultural, financial, and media capital of the world, and exerts a significant impact upon commerce, entertainment, research, technology, education, politics, tourism, art, fashion, and sports. The city's fast pace has inspired the term New York minute. Home to the headquarters of the United Nations, New York is an important center for international diplomacy.
Bonwit Teller & Co. was a luxury department store in New York City founded by Paul Bonwit in 1895 at Sixth Avenue and 18th Street, and later a chain of department stores. In 1897 Edmund D. Teller was admitted to the partnership and the store moved to 23rd Street, east of Sixth Avenue. Bonwit specialized in high-end women's apparel at a time when many of its competitors were diversifying their product lines, and Bonwit Teller became noted within the trade for the quality of its merchandise as well as the above-average salaries paid to both buyers and executives. The partnership was incorporated in 1907 and the store made another move, this time to the corner of Fifth Avenue and 38th Street.
In 1978, Traub was named CEO of U.S. based retailer, Bloomingdale's, where he remained through 1992. After leaving Bloomingdales in 1992, Traub founded his own consulting firm, Marvin Traub Associates. Between 1994 and 2000, Marvin Traub Associates participated in a joint venture with retail-focused investment banking firm, Financo, Inc..
Traub was a Trustee of the American Health Foundation (AHF) between August 1975 and February 1978. He was the President of Bloomingdale's from 1978 to 1992, and Vice Chairman of Federated Department Stores from 1988 to 1992. He served on the Visiting Committee of the Harvard School of Public Health. Traub was also the Chairman of SD Retail Consulting, which is a unit of The Hilco Organization.
Traub was the recipient of The Gold Medal of the National Retail Federation in 1991 as well as the Légion d’Honneur and Ordre national du Mérite from France and was awarded the Commendatore de la Republic by Italy.
While at Harvard, he married Lee Laufer on September 2, 1948. Traub's wife had studied dance under Martha Graham in 1942and is the chair emerita of the Martha Graham Center of Contemporary Dance.
Traub had three children; Andrew (formerly an executive at Macy's), James (a journalist) and Margaret (who founded and runs the lighting company Adesso).
The book Kindred Spirits: Harvard Business School's Extraordinary Class of 1949 and How they Transformed American Business by David Callahan profiles the Harvard MBA class of 1949 and its impact on business in America. Traub is profiled in the book for his role in the development of Bloomingdale's from the late 1970s through the early 1990s.
Columbia Business School (CBS) is the business school of Columbia University in the City of New York in Manhattan, New York City. Established in 1916, Columbia Business School is one of the oldest business schools in the world. It is one of six Ivy League business schools, and has been referred to as among the most selective of top business schools.
Dean Witter Reynolds was an American stock brokerage and securities firm catering to retail clients. Prior to the company's acquisition, it was among the largest retail firms in the securities industry with over 9,000 account executives and was among the largest members of the New York Stock Exchange. The company served over 3.2 million clients primarily in the U.S. Dean Witter provided debt and equity underwriting and brokerage as mutual funds and other saving and investment products for individual investors. The company's asset management arm, Dean Witter InterCapital, with total assets of $90.0 billion prior to acquisition, was one of the largest asset management operations in the U.S.
Analysis Group, Inc. (AG), founded in 1981 by economists Bruce E. Stangle and Michael F. Koehn, is an economic consulting firm based in North America. The firm provides economic, financial, and strategic analysis and expert testimony to law firms, corporations, and government agencies.
Terrence James Lundgren is an American business executive who retired on January 31, 2018 as executive chairman of Macy's, Inc. the parent company of fashion retailers Macy's, Bloomingdale's and Bluemercury. He had served for 14 years as Chairman and Chief Executive Officer of Macy' s, Inc., becoming the company's Executive Chairman in 2017. He was named an Executive in Residence at Columbia Business School in 2017.
Michael Gould was the Chairman and CEO of Bloomingdale's, a division of Macy's Inc. for 23 years.
Gerald L. Storch is a business executive who is the former CEO of the Hudson's Bay Company. He is the Founder and CEO of Storch Advisors, a global business and management advisory firm. Prior to Storch Advisors, he was Chairman and CEO of Toys "R" Us, Inc. He also served as Vice Chairman of Target Corporation. Storch, a graduate of Harvard College, Harvard Law School, and Harvard Business School, is a member of the Board of Directors of Bristol Myers Squibb and Fanatics, an online retailer of officially licensed sports merchandise.
Financo, Inc. is a New York-based boutique investment bank focused on the merchandising and retail sector, with offices also in Los Angeles and London. It was founded in 1971 by Wharton School graduate Gilbert Harrison, whose experience in deals involving American Eagle, BCBG Max Azria, and Bear Stearns Merchant Banking, among others, has made him a sought-after source of expertise, which he was contributed at events such as the Financial Times Business of Luxury Summit. Financo is also known for hosting a summit every year during the National Retail Federation Convention, at which Financo gathers a CEO Panel covering a major topic relevant to the retail and fashion industries and at which senior executives in the consumer sector network extensively. Their 2011 Annual CEO Panel was hosted by CNBC's Nicole Lapin. Panelists included Dan Schock (Google), Ben Fischman, Chip Wilson (lululemon), and Stephen Zangre (Facebook).
James Traub, born in 1954, is a contributing writer for The New York Times Magazine, where he has worked since 1998. From 1994 to 1997, he was a staff writer for The New Yorker. He has also written for The New York Review of Books, The Atlantic Monthly, National Review and Foreign Affairs. He is a member of the Council on Foreign Relations.
Andy Hornby is an English businessman, currently chief executive of the bookmakers Coral and Chairman of the online pharmacy retailer Pharmacy2U.
Manoel Luiz Ferrao de Amorim is currently a partner with Peak Capital Partners, a large real estate investment firm based in Provo, UT. He is also a partner of K2-A partners, a Telecommunications Consulting firm based in Sao Paulo, Brazil. He serves in the National Advisory Council of the Marriott School of Business, of Brigham Young University. He lives in Park City, UT.
Harvard Business School (HBS) is the graduate business school of Harvard University in Boston, Massachusetts. The school offers a large full-time MBA program, doctoral programs, HBS Online and many executive education programs. It owns Harvard Business Publishing, which publishes business books, leadership articles, online management tools for corporate learning, case studies and the monthly Harvard Business Review. It is home to the Baker Library/Bloomberg Center.
Paul R. Traub is an American lawyer, who specializes in business law, specifically bankruptcy, insolvency, and trial litigation. He has participated in several large retail bankruptcies, among them Kmart, FAO Schwarz Inc., KB Toys Inc., Stage Stores, Office Max, and eToys.com. Other clients have included Halston, Joan & David, Levitz, Bombay Company, Linens 'n Things, Zales, and Whitehall Jewelers.
Kurt Salmon was a global management and strategy consulting firm formed by the merger of Ineum Consulting and Kurt Salmon Associates (KSA) in January 2011:
Timothy David Dalton Philips is an Irish businessman. He was the CEO of the UK supermarket chain Morrisons from January 2010 until March 2015, when he was succeeded by David Potts. He is currently Chairman of Byron Hamburgers and Chairman of timber and building merchant The Ridgeon Group, as well as holding a number of advisory and non-executive positions.
Paul Donnelly Paganucci was a prominent American investment banker, university educator, college financial administrator and businessman.
Drinks Americas is a beverage distribution company based out of Wilton, Connecticut. Drinks Americas Holdings, Ltd., develops, owns, markets, and internationally distributes alcoholic and non-alcoholic beverages associated with celebrities.
John Browett is a British businessman. Between January 2016 and August 2017 he was chief executive of the Dunelm Group. From March 2013 to February 2015, he was chief executive of the British clothing retailer Monsoon Accessorize, and from April 2012 to October 2012 he was senior vice-president of retail at Apple Inc.
Áslaug Magnúsdóttir is an Icelandic businesswoman and entrepreneur. She is the co-founder and former chief executive officer of Moda Operandi and a co-founder of TSM Capital. She has been dubbed "fashion's fairy godmother" by Vogue and one of the 100 Most Creative People in Business by Fast Company.
Robert Steven Kaplan is president and CEO of the Federal Reserve Bank of Dallas. He was appointed to the position on September 8, 2015.
Thomas G. Plaskett is an American business executive who served as CEO of Continental Airlines, Pan American World Airways, and Greyhound Lines.