OPERATIONS

Sharper Image Names New CEO

BY CSA STAFF

San Francisco Sharper Image Corp. said Thursday that it named Robert Conway to the post of CEO, effective immediately, replacing Steven Lightman. Jerry Levin will remain chairman.

The company said Conway is a founding member of Conway, Del Genio, Gries & Co. LLC, and has advised companies on financial and operational issues.

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OPERATIONS

Sears Cuts 200 HQ Jobs

BY CSA STAFF

Hoffman Estates, Ill. Sears Holdings Corp., which owns the Kmart and Sears retail chains, has announced it is cutting about 200 headquarters jobs as chairman Edward Lampert tries to bring its overhead costs in line with falling sales.

The 200 jobs, which are in support functions, represent about 4% of Sears’ 5,000 headquarters employees, said Sears spokesman Chris Brathwaite. He declined to be more specific.

The retailer notified employees of the pending cuts in a memo Tuesday from interim CEO W. Bruce Johnson.

The job cuts come as Lampert looks for a way to turn around the company created when he engineered Kmart Holding Corp.’s purchase of Sears, Roebuck and Co. in 2005. Late last month, Sears unveiled a restructuring that divides the company into a five independently run businesses. 

Support is one of the five business areas being created under the new structure. While Brathwaite declined to disclose the support functions targeted in the cuts, Sears described the new support unit as housing such functions as marketing, store operations, customer strategy and finance.

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OPERATIONS

Former President Returns to Quiksilver

BY CSA STAFF

Huntington Beach, Calif. Robert McKnight has resumed his role as president of Quiksilver, and will remain both chairman of the board and CEO.

McKnight will be responsible for directing the company’s strategic and operational initiatives, including renewing its focus on its Quiksilver, Roxy and DC core apparel and footwear brands. 

Bernard Mariette has resigned from his position as president and as a director of the company in order to pursue other interests, which may include attempting to acquire the Rossignol group. 

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