Ann Taylor’s Executive Moves
New York City, Jerome Jessup resigned as Ann Taylor Stores Corp.’s senior executive VP of merchandise and design. The company said he will “pursue other interests.” Kay Krill, Ann Taylor president will take over his responsibilities until a replacement is found.
Big Lots CEO to Step Down
Columbus, Ohio, Michael Potter will relinquish his CEO title at Big Lots and become the new chief strategy officer. Potter, who has been with Big Lots for 14 years, will serve as chief executive until a replacement is found. The company said Potter asked for the move to be able to relocate his family back to the West Coast.
Jobless Claims Spike
Washington, D.C., The number of first-time jobless claims was up by 43,000 people last week. It was the highest single-week increase since September. The number of Americans filing first-time claims for state unemployment insurance aid rose 43,000 to 364,000 in the week ended Jan. 1, up from a revised 321,000 in the previous week, according to the Labor Department.