DSN Retailing Today articles from September 2005

DSN Retailing Today archives from September 2005

Sweeping changes may help Office Depot turn competitive tide.
September 26, 2005... DELRAY BEACH, FLA. -- The closing of 27 stores and the elimination of Office Depot's Viking brand in the United States are among a series of sweeping actions that will result in the company recording charges of roughly $320 million over the...

Power shifts at Sears as execs shuffle roles.(Sears Holdings Corp., executives)
September 26, 2005... HOFFMAN ESTATES, ILL. -- Sears Holdings announced leadership changes of the highest order: Alan Lacy is leaving the ceo position to Aylwin Lewis while chairman Edward Lampert is taking control of the combined Sears and Kmart marketing and...

Lewis leapfrogs Lacy to become new No. 2 at Sears Holdings.(Aylwin Lewis )(Alan Lacy)
September 26, 2005... HOFFMAN ESTATES, ILL. -- With a strong background in brand building, the new head of Sears Holdings handpicked by chairman Eddie Lampert could potentially be the hero who manages to integrate two very different retail businesses with their...

Is Albertsons next on growing list of private concerns?
September 26, 2005... BOISE, IDAHO -- Albertsons' potential sale to private investors continues a trend that has seen more involvement of private investors in retailing. Several factors play a role but certainly skyrocketing real estate values and the difficulty...

Blockbuster will not pay 3Q dividend.(FINANCIALS)(Brief Article)
September 26, 2005... DALLAS -- Blockbuster said its board of directors has chosen not to pay a dividend for the third quarter, the latest sign of financial problems at the largest U.S. video rental chain operator. The company said in a release that "the board has...

Pier 1 reports second straight qtr. loss.(FINANCIALS)(Brief Article)
September 26, 2005... FORT WORTH, TEXAS -- Pier 1 reported its second consecutive quarterly loss and said business is too unpredictable to forecast results for the current period. For the second quarter ended Aug. 27, Pier 1 reported a loss of 10.2 million, or 12...

Top gainers for 2 weeks ended 9/14/05.(Specialty stores)(Brief Article)(Illustration)
September 26, 2005... TOP GAINERS For 2 weeks ended 9/14/05 Albertsons 22.83% Linens 'N Things 20.05 OfficeMax 11.65 Hancock Fabrics 8.93 Bon-Ton Stores 8.54

Top losers for 2 weeks ended 9/14/05.(Specialty stores)(Brief Article)(Illustration)
September 26, 2005... TOP LOSERS For 2 weeks ended 9/14/05 Blockbuster (18.14%) Gateway (13.25) Ahold (12.82) A.C. Moore (12.01) Jo-Ann Stores (11.83)

Major indices.(Brief Article)(Illustration)
September 26, 2005... MAJOR INDICES Close Close Net % 8/31/05 9/14/05 Change Change S&P 500 (GSPC) 1208.14 1227.16 19.02 1.57% Dow Jones Industrial Average (DJI) 10415.84 10544.90 129.06 1.24 ...

Insider trades.(share sales)(Brief Article)
September 26, 2005... CABELA'S: Richard Cabela, chairman, bought 10,000 shares on Sept. 8 at $19.25, now owns 934,236 shares. PETCO: John Danhakl, director, bought 342,800 shares on Sept. 1 at $21.89, now owns 1,818,600 shares. STOCKS SOLD BORDERS:...

ShopKo acquisition hits shareholder snag.(ShopKo Stores Inc.'s pending acquisition by Badger Retail Holding and Badger Acquisition)
September 26, 2005... ASHWAUBENON, WIS. -- ShopKo stores was set to hold a special shareholder meeting Sept. 14 to approve its pending acquisition by Badger Retail Holding and Badger Acquisition, affiliates of Goldner Hawn Johnson & Morrison, a Minneapolis-based...

Wal-Mart lauded for Katrina efforts; opposition still wary.
September 26, 2005... BENTONVILLE, ARK. -- Wal-Mart was widely hailed for its swift, generous and far-reaching response to Hurricane Katrina. The company was held up as an example of how to respond to a crisis and brought to bear financial resources and logistical...

Reader responses: rising gas prices fueling concern.(Brief Article)
September 26, 2005... The issue of gasoline costs and the effect it is having on the consumer has increased significantly over the summer. The following two surveys were conducted at the beginning and end of the summer holiday. BASED ON RESPONSES COLLECTED...

Home Depot launches exclusive catalog.(Brief Article)
September 26, 2005... ATLANTA -- The Home Depot this month launched a monthly catalog mailed to i million households and an online store called 10 Crescent Lane. Home Depot spokeswoman Paula Smith said 10 Crescent Lane provides upscale home decor products from...

English steps down from TJX.(Edmond English, TJX Companies Inc.)(Brief Article)
September 26, 2005... FRAMINGHAM, MASS. -- Earlier this month, Edmond English abruptly resigned his post as ceo of the TJX Cos., saying the firm's smaller divisions failed to meet expectations and needed a fresh perspective. Bernard Cammarata, chairman of the...

Disney to greatly expand presence in China.(MARKET WATCH)(Brief Article)
September 26, 2005... HONG KONG -- Walt Disney plans to almost triple the number of retail outlets in mainland China over the next five years as part of an expansion that includes the opening of Hong Kong Disneyland. The U.S. entertainment group aims to open more...

Kroger ends quarter strong amid tough competition.
September 26, 2005... CINCINNATI -- Dedication to providing great service, selection and value could easily be considered a common theme applicable to any smart retailer's strategy, but in the ease of Kroger, this focused mission continues to deliver strong...

Staples' Invention Quest lends product innovation.
September 26, 2005... NEW YORK -- At a time when some observers are criticizing retailers about being too conservative when it comes to their product initiatives, Staples has developed a program that has innovation written all over it. Invention Quest was...

GameStop and EB Games ready for two-player mode.(Electronics Boutique Holdings Corp.)
September 26, 2005... GRAPEVINE, TEXAS -- GameStop will issue $950 million in debt to help finance its purchase of rival Electronics Boutique in a deal that's likely to close in early October. The merger will create a chain with more than 4,200 stores and annual...

Fashion week: Wal-Mart struts the catwalk alongside top designers.(Wal-Mart Stores Inc.)
September 26, 2005... NEW YORK -- Oscar de la Renta, Kenneth Cole, Perry Ellis, and... George? Wal-Mart staked its claim among high-end fashion designers earlier this month during New York's Fashion Week by showing off its hottest fall juniors' apparel at a Times...

Fred's momentum continues despite effects of hurricane.
September 26, 2005... MEMPHIS, TENN. -- As the effects from Hurricane Katrina on retail continue to unfold, life has returned to normalcy for most major retailers not heavily concentrated in the storm's path. But even for those hardest hit, such as southeastern...

Mervyns to close 62 stores to focus on gainful markets.
September 26, 2005... HAYWARD, CALIF. -- Earlier this month, Mervyns announced the company would close 62 stores, or one-fourth of its total number, by February 2006. These closures will allow Mervyns to concentrate on its other 193 more profitable stores in its...

DSNRT news editor growing online and fax efforts.
September 26, 2005... NEW YORK -- Two of the fastest-growing editorial properties within the DSN Retailing Today Group are about to get a boost following the hire of associate news editor Carlie Kollath, effective immediately. Kollath, whose responsibilities...

Campisi named president of TSA.(David Campisi, The Sports Authority )(Brief Article)
September 26, 2005... ENGLEWOOD, COLO. -- The Sports Authority has promoted David Campisi to president. Campisi joined Sports Authority in November 2004 as the president of merchandising, in his new position he will continue to be responsible for all...

IKEA to open first store in mass.(IKEA Holdings U.S. Inc., massachusetts)(Brief Article)
September 26, 2005... PLYMOUTH MEETING, PA. -- IKEA is set to open its first Massachusetts store Nov. 9. The Stoughton location will be the Swedish furniture company's second in New England and 26th store in the United States. The new 346,000-square-foot IKEA will...

Officemax to open new DC in Kansas.(distribution center )(Brief Article)
September 26, 2005... ITASCA, ILL. -- OfficeMax plans to open a 180,000-square-foot distribution center in Edwardsville, Kan., in November. Once complete, the facility will employ approximately 150 associates. The new facility will cater to OfficeMax's business...

Albertsons exposes its underbelly.(Editorial)
September 26, 2005... Just last month I was talking with a long-time reader who told me he loves this publication because its news and features recount the story of the fate of retailing. Now, I'm not one to refuse a compliment, but even I found his comments to be...

Upscale positioning at discount prices.(Target Corp. and Wal-Mart Stores Inc.'s marketing )(Editorial)
September 26, 2005... Some of the most recent and decidedly most creative moves in marketing are coming from the mass giants. While these retailers may have some of the lowest price points on goods, their strategies to upscale their image, particularly in...

Calling all volunteers.(volunteerism decreasing in america)(Column)
September 26, 2005... It is very energizing to see the many examples of retail companies mobilizing to provide aid in the wake of Katrina. It is not the first time retailers have shown their compassionate side. The retail industry is one of the most generous...

What does retailing owe Washington?(Column)
September 26, 2005... Over the years I've spouted Off in this space about what the retail industry deserves from the government. But fairness and responsibility are two-way streets. There are some things that Washington should be able to expect from America's...

Push into grocery helps Dollar General regain edge.(Dollar Store Report: Fall 2005)
September 26, 2005... The road to the top in dollar store retailing has been paved with plenty of bumps for Dollar General, with financial restatements and executive turnover taking a toll in recent years. Under ceo David Perdue, the chain has staged a...

Dollar store past paved with $1b success stories.(Dollar Store Report: Fall 2005)
September 26, 2005... The evolution of dollar stores from regional chains and independents with limited customer appeal and unsophisticated merchandising into a hot growth channel that even the affluent are now drawn to remains one of the most talked about topics...

Carter.(Brief Article)
September 26, 2005... Carter's, parent company of OshKosh B'Gosh, said it would close 15 OshKosh stores by the end of this month in an effort to increase profitability. Carter's will also combine OshKosh's three brands into just one brand, said Joseph Pacifico,...

Banana Republic.(opens stores in japan)(Brief Article)
September 26, 2005... Banana Republic opened its first stores outside of North America this month. Banana will open a total of four stores in Japan by the end of September. Its sister store, Gap, first entered Japan 10 years ago and has 85 stores there.

Dockers.(announced a new campaign and appoints John Goodman )(Brief Article)
September 26, 2005... Earlier this month, Dockers announced a new campaign that emphasizes head-to-toe lifestyle dressing for men and women called "Dockers Dressed to Live." The new campaign, which stresses Dockers' evolution beyond its reputation for nice men's...

Abercrombie & Fitch.(Human resource management)(Brief Article)
September 26, 2005... Abercrombie & Fitch announced late last month the departure of its president and coo, Robert S. Singer, on account of differences regarding international expansion. His duties have been divided between John Lough, evp of logistics and store...

Suede hobo bags.(WHAT'S HOT)(Brief Article)
September 26, 2005... Even though it might be too cold wear a gypsy skirt, you can still look bohemian this fall by accessorizing with a hobo bag. But put away that cute cotton or linen hobo you purchased this summer--fall's must-have hobo is suede and comes in...

Bringing comfort, quality and style to plus-size.(denim clothing )
September 26, 2005... No longer confined to a limited shopping experience, full-figured fashionistas can find flattering, trendy denim everywhere from Old Navy and Fashion Bug to Lane Bryant and high-end department stores this fall. "We have added sequin...

Retailers return fashion to full figures.(apparel & accessories)(Brief Article)
September 26, 2005... When shopping for clothing, full-figured women need outfits that are not only fashionable, but also fit their bodies properly. They also need clothes that are easy to find. But very few plus-size retailers accommodate all these needs, said...

Ads celebrate 'big butts' ... and they cannot lie.(targeting women)(Brief Article)
September 26, 2005... Real women with real curves are taking over the latest big name advertising campaigns. Dove's most recent ads in its year-old Campaign for Beauty feature six women of all different shapes and sizes. "It sends such a positive message. Not...

BJ.(B J's Wholesale Club Inc. promotional program )(Brief Article)
September 26, 2005... Warehouse clubs haven't delved as deeply into home furnishings as other categories, but a recent promotion by BJ's demonstrates that they continue to test the waters. A recent edition of BJ's promotional online newsletter offered a bunk...

Kirkland.(net sales down due to Hurricane Katrina)(Brief Article)
September 26, 2005... Home decor retailer Kirkland's lost approximately $400,000 to $500,000 in sales by Sept. 8 from closed stores and others where Hurricane Katrina affected sales. The storm affected sales at units in Louisiana, Mississippi, Alabama and Florida,...

West Elm.(new unit opens at Houston)(Brief Article)
September 26, 2005... Williams-Sonoma has opened a West Elm unit in the Houston-area community of Highland Village, local reports said. The 17,000-square-foot store is the seventh the retailer has opened with five more planned by year's end.

Typhoon.(launching new kitchen products)(Brief Article)
September 26, 2005... British supplier Typhoon is entering into kitchen products. The new venture is part of a 180-item launch this fall that also will include tabletop, glassware and Asian-themed home accessories.

Special-use rooms.(high gasoline prices benefiting lastly to media storage devices industry)(Brief Article)
September 26, 2005... The recent American institute of Architects Home Design Trends study concluded that rising gasoline prices are uplifting popularity of special-function rooms. Home offices are becoming more popular again, and rising rental prices for...

Cannon is back. Will it blanket domestics market?(reintroducing home furnishings and are being marketed by Li and Fung Ltd.)
September 26, 2005... Cannon is back, but how much bang it will have depends upon how the label fits in a marketplace that has changed radically since the bankruptcy of former brand owner Pillowtex. While private and proprietary labels have become more significant...

Lowrider style to cruise into homes.(PRIMEDIA Inc. (New York, New York)'s subsidiary launching a new line of home furnishings)(Brief Article)
September 26, 2005... Magazines have been moving into the home furnishings business in greater numbers. Yet, not everybody who purchases home furnishings lives the lifestyles celebrated by titles such as Country Living and House Beautiful, so enter the newest...

Target reinvents home online and in stores.(home & housewares)(Brief Article)
September 26, 2005... Target plans to significantly expand its efforts in home furnishings both in the store and online. As part of its Home Reinvention program, Target is preparing to roll out an upscale home collection called Vintage Modern from designer...

Video Software Dealers Association.(East Coast Video Show )(Brief Article)
September 26, 2005... The Video Software Dealers Association has decided to pull the plug on the East Coast Video Show after a 14-year run, citing lagging attendance as the main reason. The VSDA tried to revive the show in 2004 by moving it from Atlantic City,...

The proposed holiday launch of high-definition DVD appears to be a bust.(Toshiba Corp. expected to launch high definition digital video disks)(Brief Article)
September 26, 2005... The proposed holiday launch of high-definition DVD appears to be a bust. Toshiba is now expected to unveil its HD-DVD format in early 2006, citing retailer concerns about a soft launch as part of the reason. The 2006 target puts Toshiba on...

Blockbuster.(Brief Article)
September 26, 2005... For the first time in nearly six years, Blockbuster will not pay a quarterly dividend to shareholders. The company reported a $57 million loss for its second quarter and lowered its earnings forecast for the third quarter, citing reduced cash...

Microsoft.(launches new Xbox 360 video game console )(Brief Article)
September 26, 2005... Microsoft will unveil is new Xbox 360 video game console in November at a price tag of $299, the same price the original Xbox launched at in 2001. Microsoft will also release the new game console in a separate bundle with accessories for $399.

Shrinking TV on DVD.(Brief Article)
September 26, 2005... The only downside to booming sales of TV shows on DVD is the extra space they take up on shelves. But the major studios are helping to remedy the problem with downsized box sets. TV-DVD market leader 20th Century Fox Home Entertainment...

Flood of TV hits and summer blockbusters leaves little shelf space holiday fare.
September 26, 2005... The DVD space crunch will be tighter than ever for retailers this year, with studios releasing a record number of TV box sets and the usual flood of summer hits, but they'll still need to make room for titles with a holiday theme. The list is...

End of an era near for VHS?(ce & entertainment)(video home systems)(Brief Article)
September 26, 2005... Beginning next week, retailers will have a steady stream of summer hits arriving on DVD to fuel holiday sales but several big titles will not be released on VHS, another sign that its era is winding down. 20th Century Fox Home...

Pathmark.(net profit and appointed John Standley )(Brief Article)
September 26, 2005... Pathmark, the 142-store eastern U.S. supermarket chain which lost $5.1 million in its most recent quarter, last month hired former Rite Aid cfo John Standley as ceo to succeed Eileen Scott, who resigned to pursue other interests. That same...

Natural and organic food company The Hain Celestial Group plans to merge in November with Spectrum Organic Products.(Brief Article)
September 26, 2005... Natural and organic food company The Hain Celestial Group plans to merge in November with Spectrum Organic Products. Spectrum is a California-based maker of natural and organic culinary oils, vinegar, condiments, butter substitutes and...

The promise of a nutritional breakfast in the form of a fortified milk drink launched this month at 7-Eleven in partnership with Bravo! Foods international.(PRODUCT NEWS)(Brief Article)
September 26, 2005... The promise of a nutritional breakfast in the form of a fortified milk drink launched this month at 7-Eleven in partnership with Bravo! Foods international. Breakfast Blenders, a line of fortified milks in a blend of breakfast fruits and...

Kosher fare.(Hebrew National Kosher Foods Inc.)(Brief Article)
September 26, 2005... Health-conscious consumers of all religions are embracing kosher foods, or edibles conforming to Jewish dietary laws. One brand in particular that keeps growing in popularity is Hebrew National, a division of ConAgra Foods. Sales of...

Innovation--and timing--key to holiday candy sales.(SEASONAL CANDY UPDATE)
September 26, 2005... With so much of the seasonal candy business dictated by uncontrollable factors such as the economy and the timing of holidays, increasing emphasis by retailers and suppliers on this business seems foolish from a pure numbers perspective. But...

Niche lines may boost half-baked sales.(Brief Article)
September 26, 2005... Still reeling from the harmful effects of the low-carb craze of 2004, baked goods suppliers have been forced to think outside of the box when it comes to growing their businesses. Along with a focus on the current hot trend in whole-grain...

West Coast organic cafe sees rapid expansion.(food & consumables)(Brief Article)
September 26, 2005... The exploding market for natural and organic food leaves plenty of room for entrepreneurs in retailing beyond the giants such as Whole Foods, Wild Oats and major supermarket chains expanding their assortments in this lucrative, high-growth...

Linens 'N Things stock price sees bump after sale rumor.(Brief Article)
September 26, 2005... CLIFTON, N.J. -- Linens 'N Things shares went into overdrive after a report in the Financial Times of London stated that the company had talked to Credit Suisse about a possible sale. The rumor drove Linens 'N Things' share price to the...

Shopping outlook.(MERCHANT PLANNER)(Brief Article)
September 26, 2005... A year ago, November ranked as the twentieth warmest and fifth wettest in 110 years of records. Really warm Novembers have historically been very disappointing retail-sales months as it was last year when same-store sales were the second...

Forecast by retail market.(Brief Article)(Illustration)
September 26, 2005... FORECAST BY RETAIL MARKET AVERAGE LAST YEAR THIS YEAR City (30 YEARS) (ACTUAL) (FORECAST) Boston TEMP 41 [degrees] 44 [degrees] 38 [degrees] ...

Deep-fried holiday treat.(Wal-Mart Stores Inc. offers deep fried turkey)(Brief Article)
September 26, 2005... Just in case you thought the popularity of cardio-health Public Enemy No.1, the deep-fried turkey, was on the wane, take this into consideration: Wal-Mart offers the King Kooker Turkey Fryer, an outdoor cooker offering a heavy-duty 30-quart...

New ways to appreciate Thanksgiving.(Boutell.com offers vegetarian dish)(Brief Article)
September 26, 2005... Let's face it; Thanksgiving can be a bit boring. Not only are most people eating the same thing year in and year out, but a lot of them will be having exactly the same meal a few weeks later for Christmas. So why not make a few suggestions to...

After pounding Gulf Coast, Hurricane Katrina slams economy.
September 12, 2005... TAMPA, FLA. -- In just two short weeks since the nation's worst natural disaster on record brought unprecedented human suffering and destruction to the Gulf Coast, retailers nationwide are suddenly facing an economy on the precipice. What had...

New tech-driven pharmacy trumps service with a smile.
September 12, 2005... NATIONWIDE DSN REPORT -- Technology and consumers' gotta-have-it-now mentality continue to create new revenue and service opportunities for retailers, with one of the newest trends currently taking hold involving automated prescription refill...

Shakeup in Atlanta yields new Home Depot cmo.(John Costello retires, Tom Taylor promoted)
September 12, 2005... ATLANTA -- The surprise resignation of Home Depot merchandising and marketing head John Costello last month set off a series of top-level management changes, including the appointment of stores chief Tom Taylor as his replacement and a new...

Costco named top retailer by peers, DSNRT.(Costco Wholesale, DSN Retailing Today)(Retailer recognition awards )(Brief Article)
September 12, 2005... NEW YORK -- Costco Wholesale has been elected Retailer of the Year by a group of its most critical observers: its peers. The award, which is part of the annual SPARC program organized by DSN Retailing Today, is one of four prestigious...

KB Toys emerges from bankruptcy.(Brief Article)
September 12, 2005... PITTSFIELD, MASS. -- KB Toys has emerged from bankruptcy with 640 stores and a new management team in place. The nation's largest mall-based toy retailer exited Chapter 11 bankruptcy on Aug. 30 with former Toys "R" Us president Greg Staley at...

Quinn jumps to Wal-Mart from Frito-Lay.(Wal-Mart Stores Inc. appoints Stephen F. Quinn)(Brief Article)
September 12, 2005... BENTONVILLE, ARK. -- Stephen F. Quinn will join Wal-Mart Stores as senior vp of marketing, effective Sept. 12. Quinn is currently cmo for Frito-Lay North America, responsible for all aspects of marketing of Frito-Lay's portfolio of salty...

IKEA, GE team up to offer credit card in U.S.(GE Consumer Finance, INGKA Holding B.V.)(Brief Article)
September 12, 2005... STAMFORD, CONN. -- IKEA has partnered with GE Consumer Finance to offer a private-label credit card to U.S. customers. The IKEA card will be issued by GE and will be available to IKEA shoppers in the coming months. Consumers will be able to...

At new Forth & Towne, styles fit for every female.
September 12, 2005... SAN FRANCISCO -- Gap Inc. launched its latest banner, Forth & Towne, at four Chicago-area locations and one New York location late last month. Aimed at the female over-35 set, the store offers age-appropriate, form-flattering and fashionable...

Martha, Martha everywhere, and more is yet to come.(Martha Stewart Living)
September 12, 2005... NEW YORK -- Martha Stewart is back, this time on TV, with Sept. 12 marking the first daily episode of her live nationally syndicated television show called "Martha." In fact, television is readying itself for a double, triple, even quadruple...

SEC accuses former Kmart chief executive of fraud.(Securities and Exchange Commission )(Brief Article)
September 12, 2005... DETROIT -- A three-year-old federal investigation into accusations of mismanagement and securities fraud at Kmart in the months leading up to its 2002 bankruptcy led to a civil suit filed last month against former ceo Chuck Conaway and former...

Albertsons up for sale, but who will buy?(Brief Article)
September 12, 2005... BOISE, IDAHO -- Albertsons announced that it's put itself up for sale and has hired two investment firms to help explore a potential transaction. The Boise, Idaho-based chain hired Goldman, Sachs & Co. and the Blackstone Group to assist...

Best Buy expands efforts to gamers, females.
September 12, 2005... MINNEAPOLIS -- Best Buy continues to roll out its Customer Centricity initiative, expanding programs in several markets while also introducing something new. Stores in Atlanta; Baltimore; Chicago; Dallas; Denver; Hartford, Conn.; New...

MAGIC rivals Vegas for glitter factor.
September 12, 2005... LAS VEGAS -- Bring on the bling! This year's MAGIC convention in Las Vegas previewed bright, shiny and retro spring fashion looks for men, women and children that rivaled the glamour and dazzle of the Las Vegas Strip. The apparel...

Mickey works magic at debut Conn. store.(Disney Stores opens Mickey Store chain)(Brief Article)
September 12, 2005... TRUMBULL, CONN. -- The Children's Place continued to revamp its Disney Stores chain last month when it opened its first Mickey Store, a new prototype that will be rolled out in shopping malls across the country this fall. The 768-store...

Sears Canada sells credit business.(to JP Morgan Chase & Co.)(Brief Article)
September 12, 2005... TORONTO -- Sears Canada announced it has entered into an agreement to sell its credit and financial services business to JPMorgan Chase & Co. for approximately $2.2 billion in cash. Sears anticipates an after-tax gain of approximately $650...

Abercrombie president and ceo resigns.(Robert S Singer, Abercrombie & Fitch )(Brief Article)
September 12, 2005... NEW ALBANY, OHIO -- Abercrombie & Fitch announced the departure of its president and coo, Robert S Singer, on account of differences regarding international expansion plans. Singer had been with Abercrombie & Fitch for only a little over a...

McKay named new cfo of Office Depot.(Patricia A. McKay)(Brief Article)
September 12, 2005... DELRAY BEACH, FLA. -- Office Depot appointed Patricia A. McKay as the company's evp and cfo. She replaces Charles E. Brown, who was promoted to president of international in April 2005 and has been serving as interim cfo during the search...