MARCHING ON: Swedish cheap-chic retailer Hennes & Mauritz on Tuesday reported revenue rose 8 percent in March compared with the same period last year. Sales in March 2002 increased 16 percent. H&M did not break down the numbers on a same-store basis.

SHUFFLE BOARD: Blair Corp. on Tuesday named a new chairman and reported other comings and goings to the board of directors. Craig Johnson, an incumbent director, was appointed chairman of the board, succeeding Murray McComas, who served on the board for 26 years. McComas, who retired as president of the Warren, Pa.-based direct marketer in 1999, will remain a director of the company. In the other moves, Michael Shuler, chief executive officer of Donerail Investments Ltd., was added to the board and four board members — David Blair, Robert Blair, Kent Sivillo and Blair Smoulder — retired. The changes reduce the number of directors to 11, five of whom are corporate officers, from 14. Johnson, a former managing director and partner of Glenthorne Capital in Philadelphia, now serves as advisory director for the investment firm. Prior to that, Johnson served in executive capacities in shipping and investment banking.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus