F.Y.I.

The Iconic appoints new CEO

The Iconic has appointed Patrick Schmidt as CEO.

The announcement:

The Iconic, Australia’s fastest-growing online fashion retailer, is cementing its status as the market’s #1 online fashion retailer with the appointment of online executive Patrick Schmidt as CEO.

Mr Schmidt has a proven track record of building market-leading ecommerce companies. He brings 12 years’ experience in the Online, Retail and Marketing sector, and joins The Iconic as CEO from his recent role as International Vice President of Groupon Latin America where he headed nine countries and 2000 employees.

Previously Mr Schmidt co-founded Groupon Australia and led the company to market leadership as its CEO.

As CEO, Mr Schmidt plans to focus on exceeding customer expectations through a superior product range, continuous innovation and operational excellence.

“I’m thrilled to be joining the fastest-growing online fashion retailer in Australia. The Iconic has redefined shopping in Australia. This is a company with great people, a clear strategy to sustainable success, and a total commitment to delivering an unparalleled customer experience, supported by amazing products, great service and the latest technology.”

“The Iconic’s ongoing investment in brands and technology continues to pay off. Thanks to the new spring/summer collection, The Iconic enjoyed its best month ever in September. Our range now includes top global brands like Nike, Adidas and Gstar. Consumers are embracing our new iOS application at record levels with ~10,000 downloads per day since launch last week. With the recent investment of an additional AUD28 million, we will continue to expand our market leadership and build
the one-stop online shopping destination for fashion, footwear and beyond.”

The Iconic Co-Founder Adam Jacobs, who will continue in his role as Managing Director, said the addition of an experienced CEO complemented the existing The Iconic  team.

“This is a very exciting time in The Iconic’s history. Just as we are celebrating our 2nd anniversary, we are approaching one million orders being shipped. Bringing on a proven CEO like Patrick now is a real coup.”

The Iconic is Australia’s #1 fashion website with over 3 million visitors per month and was recently named as Australia’s second most successful e-commerce site” behind mature retail giant Big W.

Source: Republic Consulting media release

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