January 12, 2004,
Kmart to turn up auction heat
GlobalNetXchange (GNX) announced that Kmart Holding Corporation has signed a new customer agreement.
He added GNX will help Kmart "take our auction program to the next level. In addition, we look forward to evaluating how (GNX's) collaborative supplier Performance Management tool could drive greater efficiencies for our supply chain."
Bon-Ton announces job cuts
The Bon-Ton Stores has announced the elimination of 311 jobs (132 hourly and 179 managerial) at its Elder-Beerman division, affecting the corporate offices in Dayton only and not the distribution center or retail stores. The process will begin March 5 and continue through the end of the spring season.
The approximately 139 remaining positions in the Elder-Beerman corporate offices will be maintained, including computer operations and programming staff, as well as many of the stores support and operations associates, Bon-Ton said. In addition, 45 employees affected by the cuts have been offered positions in Bon-Ton's corporate offices, and others will be offered positions in the retail stores located in the Dayton area.
Tansky Wins NRF Gold
The retail industry and the National Retail Federation (NRF) will recognize vision and leadership in retailing by honoring four award winners at the NRF 93rd Annual Convention & Expo. The NRF Gold Medal, Retail Innovator of the Year, International Retailer of the Year and American Spirit Awards will be presented at the convention, which will take place Jan. 11-14 at the Jacob Javits Convention Center.
This year's recipient of the NRF Gold Medal Award is Burt Tansky, president and CEO of The Neiman Marcus Group, Inc. Tansky joined the company in 1990 as chairman and CEO of Bergdorf Goodman. He has been at his current position since 2000. Under his leadership, the company has opened over 14 new Neiman Marcus stores and renovated others, including Bergdorf Goodman. Furthermore, he is credited with returning Neiman Marcus to its position as the leading retailer of luxury and trend with emphasis on American and European designers.
Family Dollar invests in Kelley
Janet Kelley has been appointed senior vice president and senior counsel at Family Dollar Stores, reporting to George Mahoney, Jr., executive vice president and general counsel.
With 25 years of legal experience, Kelley was most recently executive vice president and general counsel of Kmart Corp. She also served as vice president and senior counsel of Limited Brands, Inc. "Janet Kelley's legal expertise and management experience will be great assets to our company, and we are delighted to have her join our management team," said Mahoney.