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February 24, 1995 | Times Staff and Wire Reports
Kmart Quits Executive Search: The Troy, Mich.-based discount chain said it has dropped a search for a No. 2 executive, which leaves the firm with no clear heir apparent to beleaguered President and Chief Executive Joseph E. Antonini. Kmart is expected to report its eighth straight quarter of lower earnings Monday and has been under pressure to replace Antonini. Directors recently stripped Antonini of the chairman's title and brought in outsiders to report to him.
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BUSINESS
February 24, 1995 | Times Staff and Wire Reports
Kmart Quits Executive Search: The Troy, Mich.-based discount chain said it has dropped a search for a No. 2 executive, which leaves the firm with no clear heir apparent to beleaguered President and Chief Executive Joseph E. Antonini. Kmart is expected to report its eighth straight quarter of lower earnings Monday and has been under pressure to replace Antonini. Directors recently stripped Antonini of the chairman's title and brought in outsiders to report to him.
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June 6, 1985 | From Associated Press
The nation's major retailers today posted mixed sales results for May compared with a year ago. Sears Roebuck & Co., the nation's largest retailer, said its sales fell 1.3%, while No. 2 K-mart Corp. reported a gain of 12.2% in its newest stores and a modest 3.2% in stores older than one year. J.C. Penney Co., ranked third, said its sales fell 1.8%. No. 7, Wal-Mart Stores Inc., said its sales spurted 30% at new stores but only 8% at older ones. F.W. Woolworth Co., No. 8, said its sales rose
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