Hilco Merchant Resources (HMR) has hired Seth Marks as senior vice president — chief merchandising officer of Hilco Merchant Resources and as the CEO of Hilco Wholesale Solutions.
in the newly created role of senior vice president — chief merchandising officer of Hilco Merchant Resources and as the CEO of Hilco Wholesale Solutions. Marc Caplan will continue to be President of Hilco Wholesale Solutions.
In these roles, Marks will be responsible for day-to-day management and growth of the company’s wholesale consumer inventory practice further enabling HMR to provide retailers, consumer products manufacturers and their advisors with a single-source omni solution for all inventory disposition requirements.
He will work closely with all retail teams within Hilco Global seeking to optimize special inventory situations and build new revenue streams by leveraging his extensive experience in the retail, wholesale and off-price sectors.
In addition to his management role for Hilco Wholesale Solutions, Marks will also be responsible for expanding HMR’s growing digital platform called Deal Genius (www.dealgenius.com), while implementing new strategies including building a best in class off-price drop ship partner network.
Marks joins HMR from Sears Holdings where he most recently was serving as the Head of Strategic Merchandising, responsible for managing all off-price initiatives at Sears.
Marks is well known in the industry and recognized as an innovator who has engineered unique strategic merchandising transformations at many of the retail organizations he has served.
An excited Marks said, “I look forward to leveraging the outstanding retail platform that currently exists at Hilco Merchant Resources. I plan to focus on growing the Hilco Wholesale Solutions practice which is well positioned to deliver truly innovative disposition services for retailers with underperforming and excess consumer products inventory.”
Mr. Marks graduated from the University of Arizona in 1994 and returns to the Metropolitan Chicago area having grown up in Highland Park, IL.
Hilco Merchant Resources LLC provides a wide range of analytical, advisory, monetization, and capital investment services to help define and execute a retailer’s strategic initiatives and retail disposition needs. The company is part of Northbrook, IL based Hilco Global (www.hilcoglobal.com), the world’s leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.