News

New CFO at Office Depot

BY CSA STAFF

Delray Beach, Fla., Patricia A McKay, who has served on the board of Office Depot since May 2004, has been named CFO. McKay, who resigned her board position with the appointment, replaces Charles E, Brown. In April, Brown was appointed president, international, of Office Depot. He had continued as interim CFO while the company searched for a replacement. McKay previously served as executive VP/CFO of Restoration Hardware.

In other news, Office Depot today pledged $1 million to the American Red Cross for the relief of persons affected by Hurricane Katrina.

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REAL ESTATE

Bass Pro Shops Builds in Southern California

BY CSA STAFF

Rancho Cucamonga, Calif., Bass Pro Shops Outdoor World is expected to open at Victoria Gardens in 2007. The 180,000 sq. ft. store will be the chain’s first store in Southern California.

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FINANCE

Big 5 Gets Nasdaq Extension

BY CSA STAFF

El Segundo, Calif., Big 5 Sporting Goods Corp. said Nasdaq has given it another extension, this one until Aug. 31, to file financial statements for past periods. The retailer risks being delisted if it fails to meet the latest deadline. Earlier this week, Big 5 hired a new CFO, Barry D. Emerson, who will start in early September. His hiring comes after the company said earlier this month it was seeking a new CFO with a strong accounting background, given its financial reporting problems. The company is in the midst of correcting accounting errors related to accounts payable and leases, among other items.

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