March 25, 2002-- Home Textiles Today,
Federated's Lundgren to add coo duties
Federated Department Stores has announced that Terry Lundgren, who has served as president and chief merchandising officer since May 1997, will assume the additional title of coo, effective April 15. The company has also extended James Zimmerman's current contract as chairman and ceo. The contract, which would have expired May 2003, has been extended at least through February 2004, the company said. Continuing to report to Zimmerman, Lundgren will remain the senior merchandising executive for the company and, along with Zimmerman, will continue to supervise all of Federated's retail divisions. In addition, Tom Cole, chairman of Federated logistics, operations, store planning and systems division, will now report to Lundgren.
Kmart gets go-ahead for closings, licenses
Kmart Corp. has received approval from the bankruptcy court to continue its relationships with Martha Stewart Living Omnimedia and its other licensees, as well as move ahead with its plans to shutter 283 stores and begin store-closing sales. The 283 stores to be closed include 270 Kmart discount stores and 12 Kmart Supercenters in 40 states and one Kmart store in Puerto Rico.
Lands' End gets new vp, gmm, home
Lands' End announced the appointment of Robert McElroy as vp, gmm, home division. He replaces Deborah Barney, who resigned several months ago. McElroy will oversee the company's home business and will be responsible for all merchandising and management of the division. He will report to Mindy Meads, executive vp, merchandising and design.
Domain acquired to create superstore
With designs on creating a total home store in the United States, Aga Foodservice Group PLC acquired Domain Home Fashions. Aga Foodservice, best known for its Aga stove, also designs, manufacturers and retails consumer and commercial brands in the United Kingdom. The deal follows a year of expansion for Domain, which operates 25 stores along the East Coast and will result in larger retail stores that showcase both companies' products.