Many Chains Expected to Post Softer December Sales
Atlanta Many U.S. retailers are expected to report disappointing December sales later this week, hurt by everything from the challenging economy to unfavorable weather to the calendar, which shifted more holiday sales to November.
Though media reports said apparel sales picked up after Christmas, analysts said some retailers’ quarterly earnings estimates are at risk as higher gasoline prices and recession fears in the face of a still-weakening housing market weigh on consumer spending.
Eugster to head Baker & Taylor
CHARLOTTE, N.C. Jack Eugster, former non-executive chairman of Shopko stores and Musicland Stores ceo has been appointed chairman of book and entertainment distributor Baker & Taylor. He replaces Richard Willis who announced his retirement last week.
Eugster was chairman, ceo and president of Musicland Stores from 1980 until his retirement in 2001. From 2001 to 2005 he was the non-executive chairman of Shopko Stores.
Kirkland’s coo resigns
JACKSON, Tenn. Catherine David has resigned as president and coo of Kirkland’s.
Robert Alderson, ceo of Kirkland’s will take on David’s responsibilities. Kirkland’s said it does not currently intend to seek a replacement.
David was named president and coo of Kirkland’s in March 2006. Prior to joining the company she served as senior vp and gm of Sears Essentials, Sears Grand and The Great Indoors. She resigned from Sears in fall 2005.