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BUSINESS
December 13, 1994 | From Times Staff and Wire Reports
New Woolworth Head Named: Roger Farah, considered one of the country's top merchandising executives, was named chairman and CEO of Woolworth Corp. Farah, 41, who was the chief merchandising officer at Federated Department Stores Inc. and served briefly as president of R.H. Macy & Co., succeeds William K. Lavin, who resigned in September in a dispute with the Woolworth board.
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BUSINESS
December 13, 1994 | From Times Staff and Wire Reports
New Woolworth Head Named: Roger Farah, considered one of the country's top merchandising executives, was named chairman and CEO of Woolworth Corp. Farah, 41, who was the chief merchandising officer at Federated Department Stores Inc. and served briefly as president of R.H. Macy & Co., succeeds William K. Lavin, who resigned in September in a dispute with the Woolworth board.
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BUSINESS
August 17, 1999 | Bloomberg News
Venator Group Inc. replaced its chief executive and said it will sell or close eight small chains. The former Woolworth Corp. said Dale Hilpert, 56, will replace Roger Farah as CEO and retain the position of president. Farah, 46, will stay as chairman. Venator, owner of Foot Locker and Champs Sports chains, will close or sell its San Francisco Music Box, Randy River, Foot Locker Outlets, Colorado U.S., Team Edition and Going to the Game chains and its Burger King franchises.
BUSINESS
September 23, 1998 | Bloomberg News
Venator Group Inc. said it will sell its retail chain in Germany, the last of its legendary F.W. Woolworth stores, marking its exit from general merchandise to focus on athletic shoe and clothing stores. The 357-store German chain, Deutsche Woolworth, is being acquired by its management along with Electra Fleming, an international private equity group, for $552 million. Venator also plans to buy back as much as $200 million of its stock, or about 15% of its 135.5 million shares outstanding.
BUSINESS
July 17, 1999 | From Times Wire Services
Venator Group Inc.'s management, struggling to transform the former Woolworth Corp. into a sporting goods titan, received a vote of confidence Friday from stock owners in a contentious feud with the company's largest shareholder. Venator shareholders turned down an insurgent slate of candidates for the board from investment firm Greenway Partners, with more than 70% in favor of the four nominees endorsed by Venator, Chief Executive Roger Farah said at the company's annual meeting.
BUSINESS
February 12, 2008 | From the Associated Press
The U.S. economy may be stumbling, but J.C. Penney Co. Chief Executive Myron "Mike" Ullman III believes its biggest brand launch ever -- an exclusive line with Polo Ralph Lauren Corp. -- couldn't happen at a better time. "We think given this competitive climate, we are very well positioned to take market share," Ullman said. The brand, American Living, is expected to be a billion-dollar business in the next few years, accounting for 5% of the department store chain's annual sales, Ullman said.
BUSINESS
September 17, 1998 | GEORGE WHITE, TIMES STAFF WRITER
Financially troubled Venator Group Inc. said Wednesday it will close its 570 Kinney and Foot-quarters shoe stores by the end of the year to focus its resources on its athletic shoe chains. The move will affect about 230 employees at the 33 Kinney stores in Southern California. Venator, formerly known as Woolworth Corp., has no Footquarters stores in California but has 65 Kinney stores statewide. Nationwide, Kinney and Foot-quarters have a combined work force of about 4,600.
BUSINESS
May 17, 1991 | STUART SILVERSTEIN, TIMES STAFF WRITER
Michael Gould, chief executive of the Giorgio Beverly Hills fragrance firm and former head of Robinson's department stores, will return to the East Coast to take the helm of the glitzy Bloomingdale's chain, retailing sources confirmed Thursday. The new job caps a dramatic professional comeback for the 48-year-old Gould, who was ousted in 1986 as chairman and chief executive of Los Angeles-based Robinson's.
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.
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