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Joseph E Antonini

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BUSINESS
October 11, 1989 | From Reuters
K mart Corp. Chairman Joseph E. Antonini on Tuesday outlined a major $1.3-billion expansion plan designed to double sales and profits at the second-largest U.S. retailer and burnish its image. Antonini told a news conference that the expansion would be the biggest for the Troy, Mich.-based company since the 1970s. K mart, No. 2 behind Sears, Roebuck & Co. of Chicago, plans to add about 700 stores through 1995 to its current roster of 2,275 K mart discount stores.
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BUSINESS
November 23, 1995 | From Associated Press
Former Kmart Corp. Chairman Joseph Antonini resigned from Chrysler Corp.'s board Wednesday, less than two days after he was targeted for ouster by dissident shareholder Kirk Kerkorian. In a statement, Antonini said he did not want to be "an issue in the controversy" between the auto maker and its second-largest shareholder. "I feel I would do a disservice to [Chrysler and other directors] by remaining on the board and taking any focus away from the very tough business of selling cars," he said.
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BUSINESS
March 22, 1995 | GEORGE WHITE, TIMES STAFF WRITER
Joseph Antonini, the beleaguered president and chief executive of Kmart Corp. who had already lost the chairman's post and endured months of criticism from shareholders over the retailer's weak performance, resigned on Tuesday. The announcement triggered an 8% surge in the price of Kmart stock and was cheered by investors and analysts, who said the removal of Antonini signals an invigorated board of directors and clears the way for a new direction at the nation's second-biggest retailer.
BUSINESS
March 22, 1995 | MARTHA GROVES, TIMES STAFF WRITER
So who will be the right man or woman to step into the top job at Kmart, vacated Tuesday--at long last, say critics--by Joseph Antonini? Headhunters and retailing industry analysts say there are a number of talented prospects out there, but they agree that the position poses some daunting challenges, as will the search for Antonini's successor.
BUSINESS
March 22, 1995 | MARTHA GROVES, TIMES STAFF WRITER
So who will be the right man or woman to step into the top job at Kmart, vacated Tuesday--at long last, say critics--by Joseph Antonini? Headhunters and retailing industry analysts say there are a number of talented prospects out there, but they agree that the position poses some daunting challenges, as will the search for Antonini's successor.
BUSINESS
November 23, 1995 | From Associated Press
Former Kmart Corp. Chairman Joseph Antonini resigned from Chrysler Corp.'s board Wednesday, less than two days after he was targeted for ouster by dissident shareholder Kirk Kerkorian. In a statement, Antonini said he did not want to be "an issue in the controversy" between the auto maker and its second-largest shareholder. "I feel I would do a disservice to [Chrysler and other directors] by remaining on the board and taking any focus away from the very tough business of selling cars," he said.
BUSINESS
June 4, 1994 | GEORGE WHITE, TIMES STAFF WRITER
Kmart management was dealt a major defeat Friday when it failed to win shareholder approval for its controversial plan to sell stock in its specialty retail units. The setback signals the growing clout of shareholders and is seen by some analysts as a stinging rebuke to the leadership of Kmart Chairman Joseph Antonini. The vote came one day after Kmart reported that May sales dropped 2.5% in stores open at least one year. Kmart lost $974 million for the 12-month period ended Jan. 26.
BUSINESS
August 20, 1986
Joseph E. Antonini, who began with K mart Corp. as a stock clerk 22 years ago, was named president and chief operating officer of the Troy, Mich.-based retailer. Both positions had been vacant.
BUSINESS
June 16, 1994 | From Times Staff and Wire Reports
Kmart May Offer Public Stake in Specialty Stores: The retailer may spin off 20% to 30% stakes in its specialty retail stores through public offerings, the New York Times reported. As early as next Tuesday, Chairman and Chief Executive Joseph E. Antonini is expect to present Kmart Corp.'s board with a plan to raise between $600 million and $900 million through partial spinoffs of Kmart's specialty chains.
BUSINESS
March 22, 1995 | GEORGE WHITE, TIMES STAFF WRITER
Joseph Antonini, the beleaguered president and chief executive of Kmart Corp. who had already lost the chairman's post and endured months of criticism from shareholders over the retailer's weak performance, resigned on Tuesday. The announcement triggered an 8% surge in the price of Kmart stock and was cheered by investors and analysts, who said the removal of Antonini signals an invigorated board of directors and clears the way for a new direction at the nation's second-biggest retailer.
BUSINESS
June 4, 1994 | GEORGE WHITE, TIMES STAFF WRITER
Kmart management was dealt a major defeat Friday when it failed to win shareholder approval for its controversial plan to sell stock in its specialty retail units. The setback signals the growing clout of shareholders and is seen by some analysts as a stinging rebuke to the leadership of Kmart Chairman Joseph Antonini. The vote came one day after Kmart reported that May sales dropped 2.5% in stores open at least one year. Kmart lost $974 million for the 12-month period ended Jan. 26.
BUSINESS
October 11, 1989 | From Reuters
K mart Corp. Chairman Joseph E. Antonini on Tuesday outlined a major $1.3-billion expansion plan designed to double sales and profits at the second-largest U.S. retailer and burnish its image. Antonini told a news conference that the expansion would be the biggest for the Troy, Mich.-based company since the 1970s. K mart, No. 2 behind Sears, Roebuck & Co. of Chicago, plans to add about 700 stores through 1995 to its current roster of 2,275 K mart discount stores.
BUSINESS
June 23, 1993 | From Times Staff and Wire Reports
Kmart Predicts a Drop in Its Earnings: The retailer said it expects that earnings for its second quarter, ending July 28, will be significantly below the 37 cents a share it reported a year earlier. It blamed consumer caution and losses at its warehouse stores. Kmart Corp. Chairman Joseph E. Antonini said apparel sales have been disappointing because of cautious spending and the late arrival of warm weather across much of the country. Stock in the Troy, Mich.
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