Author: James Hartford

Court Approves Kmart Disclosure Statement

February 27, 2003 SGB Update

Kmart Corporation announced Wednesday that the U.S. Bankruptcy Court for the Northern District of Illinois has approved the Disclosure Statement filed in connection with the Company's First Amended Joint Plan of Reorganization…

Former Kmart Executives Indicted for Fraud

February 27, 2003 SGB Update

Two former Kmart vice presidents indicted Wednesday for their part in Kmart's financial downfall could be just the first of a wave of executives to face criminal charges for pushing the century-old retailer into bankruptcy, experts predicted…

Federated Names Lundgren CEO, Adds Four Vice Chairs

February 26, 2003 SGB Update

Federated Department Stores announced a long-planned management transition and change in its top corporate management structure. Terry J. Lundgren, president/COO and CMO, has been chosen to succeed James M. Zimmerman as Federated's CEO. Zimmerman wi

Kratowicz Named ShopKo Division VP

February 26, 2003 SGB Update

ShopKo Stores, Inc. announced the promotion of James Kratowicz to vice president of pricing, consumer information resources and e-commerce for the company's ShopKo division…

Morton Leads Gart to Next Level

February 26, 2003 SGB Executive

Doug Morton fixates on all that's wrong at his company — what will save money, improve service, sell more baseball gloves.

“In retail, you wake up every day and say, 'We have to be better than last year,'” says th

Head NV Posts Loss for 2002 as Sales Dip 1.0%

February 25, 2003 SGB Update

Head N.V. announced net sales for the three months ended December 31, 2002 increased 6% to $ 135.8 million. Net income was 15% lower at $8.4 million. Net income, prior to tax and excluding foreign exchange gains and losses increased by 32% to $13.5 mill

REI 2002 Net Income Surges 112% on Total Sales Decline

February 25, 2003 SGB Update

Recreational Equipment, Inc.(REI)declared a $38.7 million patronage refund to its active members on 2002 sales of $735 million. The cooperative also announced that, based on the 2002 results, its corporate giving commitment will increase by 80% to $1.8 mi

adidas Kicks Off National Branding Campaign

February 25, 2003 SGB Update

adidas embarks on a new national branding campaign beginning this month. The campaign uses color to capture the raw emotions of sport and layers it with the 3-stripes, the authentic symbol of sport…

Textile Imports from China Double in 2002

February 24, 2003 SGB Update

Imports of Chinese-made textile products more than doubled in the United States in 2002, surpassing Mexican textile imports for the first time in eight years, according to trade figures released last Thursday…

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