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Sheree Waterson Named President at Nasty Gal

Nasty Gal, the online fashion site that has a formidable headquarters space in downtown Los Angeles, is making many changes.

One of those is hiring Sheree Waterson as its new president and chief product officer. Waterson comes from Lululemon Athleta where she was the chief product officer there for more than five years. But after some see-through yoga pants hit the Lululemon stores, causing a few embarrassing moments, she left the company.

Waterson's arrival is good new for Nasty Gal, which plans to launch a swimwear line in April. Waterson used to be president of Speedo USA when it was owned by The Warnaco Group.

Other Nasty Gal developments include the online site's first bricks-and-mortar store that should be opening up in Los Angeles by the end of the year.