Tilly’s announces retirement of CEO & President Ed Thomas

Tilly’s, Inc. has announced the retirement of its president and chief executive officer, Ed Thomas. Effective as of January 22, Thomas has also retired from his position as a director of the company.

Hezy Shaked, co-founder and executive chairman of the board of directors at Tilly's, thanked Thomas for his work over the years in a statement, saying: "On behalf of the Board of Directors and everyone at Tillys, I sincerely thank Ed for his many valuable contributions and leadership during his tenure at Tillys, and wish him continued success in his future endeavors."

Thomas has served as the company's president, CEO, and director of the board since October 2015, previously working as CEO and director of Wet Seal from September 2024 to August 2015.

Shaked is set to serve as the company's interim president and CEO until a successor for Thomas has been appointed. Previously serving as president and CEO, Shaked has a deep understanding of all areas of the business and brings more than 40 years of experience in the retail industry to the role.

The announcement comes after the US retailer reported the lackluster results following its holiday selling season. Tilly's cut its fiscal fourth-quarter guidance earlier this month after the company revealed a 7.4 percent decrease in total sales and a 9 percent decline in comparable sales during the holiday season.