USA: Kmart appoints new chief executive
Beleaguered US discount retailer Kmart has appointed Julian Day as the company's new chief executive, replacing James Adamson. The company is hoping to emerge from bankruptcy at the end of April, having last week announced the sale of more than 300 stores. Adamson was appointed CEO last March in the hope that he would be able to turn the company around. He will remain with Kmart as a non-executive chairman through the final stages of Kmart's reorganisation, reported BBC Online.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Focus: Nestle CEO plan to balance sales, earnings
- Does Kraft Heinz want to swallow Unilever whole?
- Will Kellogg's DSD exit help it grow in US snacks?
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Danone eyes efficiency, agility with new structure
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz returns to organic growth, ups margins
- Danone sales dampened by Europe, China