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Stop & Shop taps Mary Lynn Phillips as SVP of finance

New hire joins food retail sector after decades in luxury brands arena

Russell Redman

November 15, 2019

2 Min Read
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Mary Lynn Phillips is joining Stop & Shop as senior vice president of finance.

Stop & Shop said Friday that Phillips, who comes to food retail after decades of financial experience in the luxury brands and retail arena, is slated to start in her new position on Dec. 3.

Most recently, she served as chief financial officer for Stuart Weitzman, part of in New York-based Tapestry Inc., which also owns the luxury lifestyle brands Coach and Kate Spade.

Mary Lynn Phillips_Stop & Shop - Copy.jpgQuincy, Mass-based Stop & Shop noted that Phillips (left) comes to the company amid a multiyear program to upgrade the supermarket chain’s 400-plus stores in Massachusetts, Connecticut, Rhode Island, New York and New Jersey.

“We are incredibly excited to have Mary Lynn Phillips join the Stop & Shop team as we continue to reposition our brand for the future and build a strong foundation for growth,” Stop & Shop President Gordon Reid said in a statement. “Phillips’ leadership capabilities, along with her broad financial and operational experience in highly competitive markets, will help drive Stop & Shop’s financial performance in 2020 and beyond.”

Phillips’ over 30 years of experience includes development of strong financial disciplines for national retailers, according to Stop & Shop. Before joining luxury footwear brand Stuart Weitzman in September 2016, she was a financial consultant for luxury women’s apparel brand Eileen Fisher and the CFO of prestige apparel retailer Talbots from 2013 to 2015. Prior to those posts, she served as senior vice president and CFO for North America and as vice president of finance and operations at accessories brand Coach Inc.

Related:Stop & Shop brings wing bars to nearly 200 stores

Her background also includes finance, operations and real estate roles at L Brands Inc. (owner of Victoria’s Secret) and Federated Department Stores. She started her career as senior auditor at Ernst and Young.

Part of Ahold Delhaize USA, Stop & Shop last year kicked off a five-year capital spending plan — estimated at $1.6 billion to $2 billion — to refresh all of its stores. The initiative includes a modernized store format and a new logo that reflect a more customer-centric strategy based on convenience, particularly a wider array of fresh, fast, healthy and local food options. Stop & Shop unveiled the first remodels in October 2018 at 21 stores in the Hartford, Conn., area and in September 2019 held grand reopenings at 21 upgraded stores in Long Island, N.Y. Plans call for 60 to 80 stores to be upgraded annually under the program.

About the Author

Russell Redman

Senior Editor
Supermarket News

Russell Redman has served as senior editor at Supermarket News since April 2018, his second tour with the publication. In his current role, he handles daily news coverage for the SN website and contributes news and features for the print magazine, as well as participates in special projects, podcasts and webinars and attends industry events. Russ joined SN from Racher Press Inc.’s Chain Drug Review and Mass Market Retailers magazines, where he served as desk/online editor for more than nine years, covering the food/drug/mass retail sector. 

Russell Redman’s more than 30 years of experience in journalism span a range of editorial manager, editor, reporter/writer and digital roles at a variety of publications and websites covering a breadth of industries, including retailing, pharmacy/health care, IT, digital home, financial technology, financial services, real estate/commercial property, pro audio/video and film. He started his career in 1989 as a local news reporter and editor, covering community news and politics in Long Island, N.Y. His background also includes an earlier stint at Supermarket News as center store editor and then financial editor in the mid-1990s. Russ holds a B.A. in journalism (minor in political science) from Hofstra University, where he also earned a certificate in digital/social media marketing in November 2016.

Russell Redman’s experience:

Supermarket News - Informa
Senior Editor 
April 2018 - present

Chain Drug Review/Mass Market Retailers - Racher Press
Desk/Online Editor 
Sept. 2008 - March 2018

CRN magazine - CMP Media
Managing Editor
May 2000 - June 2007

Bank Systems & Technology - Miller Freeman
Executive Editor/Managing Editor
Dec. 1996 - May 2000

Supermarket News - Fairchild Publications
Financial Editor/Associate Editor
April 1995 - Dec. 1996 

Shopping Centers Today Magazine - ICSC 
Desk Editor/Assistant Editor
Dec. 1992 - April 1995

Testa Communications
Assistant Editor/Contributing Editor (Music & Sound Retailer, Post, Producer, Sound & Communications and DJ Times magazines)
Jan. 1991 - Dec. 1992 

American Banker/Bond Buyer
Copy Editor
Oct. 1990 - Jan. 1991 

This Week newspaper - Chanry Communications
Reporter/Editor
May 1989 - July 1990

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