FINANCE

Liz Claiborne to Close Distribution Center

BY Katherine Boccaccio

Upper Macungie, Pa. As part of Liz Claiborne’s effort to adopt a new business model, the company said Monday it will close its distribution center in Upper Macungie, Pa., in February.

The move comes as the apparel company shifts its focus to its best-selling brands by opening more of its own specialty stores.

“As part of the new strategy, we have been evaluating our distribution functions to better align with the current realities of our business,” said Dana Stambaugh, the company’s corporate communications director.

The 500,000-sq.-ft. DC is the company’s fifth-largest shipping hub, behind other properties in California, New Jersey and Ohio.

Liz Claiborne CEO William McComb announced sweeping changes in July, including a goal of opening 300 specialty retail stores, for a total of 800 locations, by 2010. Those stores would focus on such brands as Juicy Couture, Kate Spade and Lucky Brand Jeans.

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AutoZone names new cio, chief merchant

BY CSA STAFF

MEMPHIS, Tenn. AutoZone today announced that, effective immediately, Jon Bascom, vp of Information Technology, has been promoted to senior vp of Information Technology and cio. Additionally, Mark Finestone, vp of merchandising, has been promoted to senior vp of merchandising, effective immediately.

“With these promotions, we continue to strengthen our senior leadership team with seasoned and accomplished AutoZoners,” said Bill Rhodes, chairman, president and ceo. “Jon and Mark have proven leadership abilities and their experiences will serve this company at a very high level for many years to come.”

The company also announced Ken Brame, vp of  Information Technology and cio will retire from the company effective Jan. 11, 2008.

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Report: Mason not take helm at Tesco, job to go to younger candidate

BY CSA STAFF

LONDON Tim Mason, ceo of Tesco’s Fresh & Easy stores in the United States, is not looking to succeed Sir Terry Leahy as head of Tesco, according to reports.

As reported by the Financial Times, Mason said in a visit to some of the Fresh & Easy stores that he would not being following in Leahy’s footsteps and that the position would go to a younger candidate. Mason is 50 years old.

Among the officers vying for the top spot are Phil Clarke (47), international director, and Richard Brasher (45), trading director, both want the top job, the Times reported. However, they may be passed over for younger executives.

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