Whitehall Jewellers Loses Chief Executive
Chicago, Troubles continue for Whitehall Jewellers, as president and COO Lucinda Baier resigned from the company for undisclosed reasons. Baier had also been serving as Whitehall’s CEO.
Without a permanent CEO since the death of chairman and CEO Hugh Patinkin in March, the retailer put former J.C. Penney executive Beryl Raff in the position last August, but Raff resigned in September before she even started the job.
Whitehall has now named Daniel Levy, a long-time board member, to serve as the interim chief executive while the company searches for a permanent successor.
Rumors surfaced last month that the company may be acquired, but Whitehall has so far declined comment.
New Senior VP for The Great Indoors
Hoffman Estates, Ill., Sears Holdings announced the promotion of Teresa Byrd to senior VP and general manager of The Great Indoors, effective immediately. She will oversee store operations, merchandising and marketing for the chain.
Byrd previously served as senior VP and general merchandise manager for Sears Essentials and Sears Grand.
Adidas Stands by Forecast
Frankfurt, Germany, German sporting-goods firm Adidas-Salomon reiterated its 2005 profit and sales forecasts and mid-term goals. Adidas, which is buying U.S. rival Reebok to further compete with bigger rival Nike, said it maintains its expectation of a 20% growth in this year’s net income.