OPERATIONS

Hot Topic CMO Resigns

BY CSA STAFF

City of Industry, Calif. Hot Topic, Inc. has announced that Maria Comfort, formerly the chief merchandising officer of the company’s Hot Topic division, has resigned to pursue other opportunities.

The company did not say who would replace her. It said only that in addition to her responsibilities as CEO of Hot Topic, Betsy McLaughlin will continue to lead the Hot Topic division.

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OPERATIONS

Abercrombie CFO Jumps to Kellwood

BY CSA STAFF

New York City Michael W. Kramer, CFO of Abercrombie & Fitch, is leaving to take the top post at apparel maker Kellwood Co., according to the companies.

Kramer, 43, will become president and chief executive as of Aug. 18 at Kellwood, whose brands include Baby Phat and Sag Harbor. He replaces Robert C. Skinner Jr., who had been chairman, president and CEO and who will resign from Kellwood to pursue other interests.

Chesterfield, Mo.-based Kellwood was taken private by Sun Capital Securities Group LLC in a deal that closed in February.

Kramer joined Abercrombie & Fitch as CFO in 2005. Before that, he was CFO, Apple retail.

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Walgreens Supports Diversity at Pharmacy Schools

BY CSA STAFF

Deerfield Walgreens has committed to donating more than $1 million annually to support initiatives dedicated to promoting diversity at the nation’s pharmacy schools. Each of the 111 accredited colleges of pharmacy across the country will receive $10,000 every year to aid their efforts at increasing diversity among pharmacy school students.

Today, fewer than 12% of students pursuing pharmacy degrees are minorities. With this new initiative, Walgreens hopes more students will be encouraged to consider the contributions they could make as front-line health professionals in America’s corner drug stores.

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