The parent company of novelty retailer Spencer’s and seasonal retailer Spirit of Halloween promoted Isaac Silvera, its chief operating officer and chief financial officer, to president Wednesday.
Silvera leads Spencer Spirit Holdings’ finance, supply chain, real estate, information technology and e-commerce teams, and plays a key role in driving new initiatives and strategy.
CEO Steven Silverstein said Silvera has been instrumental in the company’s revenue growth to over $1 billion.
“In the face of a global pandemic, Ike’s decisive and strategic leadership skills have played a crucial role in our ability to successfully and safely navigate what remains a highly uncertain environment,” Silverstein said. “Ike’s promotion is well deserved as he has a complete and comprehensive understanding of the Spencer’s and Spirit Halloween businesses and the many opportunities that lie ahead. I am thrilled to continue working closely with Ike as we navigate the future.”
In spite of the pandemic’s hit on brick and mortar retail, Spirit Halloween opened and operated more locations than ever this year, totaling more than 1,400. Spencer’s reopened all of its stores after temporary closures early on in the pandemic; and despite market disruptions, the company’s supply chain “operated seamlessly helping its stores deliver” products to customers, according to an announcement.
Before joining Spencer Spirit Holdings, headquartered in Egg Harbor Township, in 2003, Silvera was a partner and investor at a private equity firm, during which time he led investments in and served on the boards of companies in a range of industries including distribution, retail and manufacturing.
