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Court Approves Kmart Disclosure Statement

<p>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&#039;s First Amended Joint Plan of Reorganization&#8230;</p>

Former Kmart Executives Indicted for Fraud

<p>Two former Kmart vice presidents indicted Wednesday for their part in Kmart&#039;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&#8230; </p>

Federated Names Lundgren CEO, Adds Four Vice Chairs

<p>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&#039;s CEO. Zimmerman wi</p>

Kratowicz Named ShopKo Division VP

<p>ShopKo Stores, Inc. announced the promotion of James Kratowicz to vice president of pricing, consumer information resources and e-commerce for the company&#039;s ShopKo division&#8230;</p>

Morton Leads Gart to Next Level

<p>Doug Morton fixates on all that&#039;s wrong at his company &#8212; what will save money, improve service, sell more baseball gloves.</p> <p style="margin-top: 6;">&#8220;In retail, you wake up every day and say, &#039;We have to be better than last year,&#039;&#8221; says th</p>

Head NV Posts Loss for 2002 as Sales Dip 1.0%

<p>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</p>

REI 2002 Net Income Surges 112% on Total Sales Decline

<p>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</p>

adidas Kicks Off National Branding Campaign

<p>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&#8230;</p>

Gart / TSA Deal May Cost Reps $25 Million&#8230;

<p>The Gart/TSA deal announced last week is expected to generate $2.5 billion in total retail sales. Assuming an average 45% margin on goods and 7% in private label sales, we would expect about $1.3 billion in wholesale dollars to be shipped in 2003. Conse</p>

Oakley Tries to Diversify in Weak Economy

<p>Oakley is known for making quality sunglasses for serious athletes. Oakley is also known for making sunglasses with $100-$300 price tags, which has hurt the Foothill Ranch company in this soft economy where consumers are looking to save a buck&#8230;</p>