OPERATIONS

Zale Chairman Steps Down

BY CSA STAFF

Dallas, Richard Marcus, longtime Zale Corp. board member and chairman since 2004, has resigned from the company, according to the Dallas Morning News.

Marcus joined the Zale board at a critical time, as it was exiting Chapter 11 bankruptcy in 1993, and his tenure included the company’s high-profile turnaround in the 1990s.

Jack Lowe Jr., a Zale board member since 2004, has succeeded Marcus as chairman. Lowe is president of the Dallas Independent School District Board and chairman of Dallas-based mechanical and plumbing contractor TDIndustries Ltd., the report said.

Last week, Zale sold its upscale 70-store Bailey Banks & Biddle chain to Finlay Enterprises Inc. for $200 million and said it will focus on its core middle-market chains.

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OPERATIONS

Gap Says Job-Applicant Data Stolen

BY CSA STAFF

San Francisco, Gap Inc. said Friday a laptop containing personal information of about 800,000 job applicants, including Social Security numbers, was stolen from a vendor’s office, according to the Associated Press.

The stolen laptop contained personal data for people who applied online or by phone for jobs at Old Navy, Banana Republic, Gap and Outlet stores between July 2006 and June 2007 in the United States, Puerto Rico and Canada. The computer did not contain Canadian applicants’ Social Insurance numbers, the report said.

The vendor, which a Gap spokeswoman declined to identify, failed to encrypt the personal data, though that was part of Gap’s agreement with it.

Gap said it has no reason to believe the applicants’ data were the target of the theft or that the information has been accessed or used improperly. Since the company uses more than one vendor to manage job-applicant data, not all of those who applied for work during the time frame are affected, according to the report.

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Chico’s Appoints Chairman of the Board

BY CSA STAFF

Fort Myers, Fla., Chico’s FAS, Inc. announced that Scott A. Edmonds, president and CEO, has been elected to serve in the additional position of chairman of the board. The board’s action was taken after its vote to accept Michael Weiss’ resignation, which was submitted following his appointment as CEO of Express, as required by the company’s policies.

The board also voted to appoint Ross Roeder, one of the company’s seven independent directors, as lead director and to reduce the number of Board seats from 10 to nine.

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