News

Bon-Ton Names CFO

BY CSA STAFF

York, Pa., Bon-Ton Stores Inc. has promoted its principal accounting officer, Keith Plowman, to CFO. He succeeds James Baireuther, who retains his positions as vice chairman and chief administrative officer. Plowman, 47, joined the retailer in 1997 as divisional vice president, controller, and was named vice president, controller in 1999. In 2001, he was promoted to senior vice president, finance.

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News

Ahold CFO Out

BY CSA STAFF

Zaandam, Netherlands, Ahold announced that its CFO, Hannu Ryopponen, is leaving the company effective Sept. 1. The company said it would it would start the search for a replacement immediately.

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FINANCE

Sports Authority Income Up in 1Q

BY CSA STAFF

Englewood, Calif., The Sports Authority said its net income for the first quarter was $8 million, or 30? per share, compared with $4.2 million, or 16? per share, including merger integration costs of $5.2 million, in the prior year’s first quarter.

Total sales for the quarter increased 3.4% to $591.2 million from $572 million in the year-ago period. Same-store sales rose 1.8%.

“We were pleased with our top-line performance during the quarter, primarily driven by our strength in footwear, apparel and certain hard-goods categories,” said Doug Martin, CEO.

The company expects to open approximately 14 stores, relocate four stores and close six locations during the year.

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