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RedEnvelope Names COO, Marketing VP

BY CSA STAFF

San Francisco, Gift e-retailer RedEnvelope Inc. has promoted Ed Schmults to COO. He was formerly senior VP of operations. He has been with the company since May 2004.

RedEnvelope also named Gary Korotzer to the post of VP of marketing. He joins RedEnvelope from Charles Schwab and Co., where he most recently served as senior VP of mass affluent marketing.

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Big Lots CEO to Step Down

BY CSA STAFF

Columbus, Ohio, Michael Potter will relinquish his CEO title at Big Lots and become the new chief strategy officer. Potter, who has been with Big Lots for 14 years, will serve as chief executive until a replacement is found. The company said Potter asked for the move to be able to relocate his family back to the West Coast.

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Jobless Claims Spike

BY CSA STAFF

Washington, D.C., The number of first-time jobless claims was up by 43,000 people last week. It was the highest single-week increase since September. The number of Americans filing first-time claims for state unemployment insurance aid rose 43,000 to 364,000 in the week ended Jan. 1, up from a revised 321,000 in the previous week, according to the Labor Department.

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