AMI may have a print heritage with endemic newsstand titles like National Enquirer and Ok!, but the company points to digital for driving growth in 2016. AMI Digital averaged 50 million monthly unique visitors in fiscal year 2016, which was up 29% over 2015. What’s more, digital revenue grew by 42% year-over-year, and now accounts for 20% of the company’s total revenue. That success also led financier, JP Morgan, to advise the company in a refinancing program that will save AMI $20 million in the next year. “AMI’s digital growth is the result of a coordinated strategic effort centered on strong editorial content and taking advantage of new formats and distribution platforms,” says AMI chief digital officer, Brian Kroski. “Across all of our digital properties, whether celebrity or fitness, we’ve been very deliberate in creating content that resonates with our readers. We pay close attention to the data and actively listen to our readers on social media, and endeavor to give them something special that they want to read or watch.”
Gap Inc. (NYSE: GPS) today announced the appointment of Neil Fiske as president and chief executive officer of Gap brand. Fiske will begin his new role on June 20, 2018, and will serve on the company’s senior leadership team, reporting to Art Peck, president and chief executive officer of Gap Inc.
“Neil brings significant retail and apparel experience to Gap Inc. and a track record of transforming and repositioning brands,” said Peck. “He is an experienced leader who deeply understands the mechanics of this business, the value of an omnichannel strategy, and the need to build a progressive and relevant brand. I believe Neil is the right leader to strengthen Gap brand.”
“Gap is a truly iconic brand that is loved by its customers across the globe, and I am excited about the significant opportunity ahead for us,” said Fiske. “The brand has made some important progress and I look forward to working with the team to drive improved performance, operational excellence, great merchandising, and distinctive and powerful marketing.”
Fiske has 20 years of brand building and turnaround experience in specialty retailing. Most recently, he served as chief executive officer at Billabong International, where he restored the flagship Billabong brand to a position of market leadership and multi-year share growth. Prior to that, Fiske spent five years as president and chief executive officer at Eddie Bauer, repositioning the company to focus on its heritage as America’s original outdoor outfitter. Fiske was also chief executive officer at Bath and Body Works, where he led a complete brand transformation, reversing a multi-year trend of negative comp store sales. Fiske began his career at Boston Consulting Group, focused on consumer goods and retail. He graduated from Harvard Business School with a Masters of Business Administration and received a B.A. in Political Economy from Williams College.