By  on January 31, 1994

NEW YORK -- Harold D. Kahn, a strong merchant with turnaround skills, has been named chairman and chief executive officer of the struggling Abraham & Straus/Jordan Marsh division of Federated Department Stores.

The move, announced Friday, was expected. It returns the veteran merchant to the Brooklyn-based chain where he started his career as a trainee 24 years ago.

Last week, there were reports Kahn was the top candidate to succeed Chaim Edelstein, who resigned. There were also reports that Federated wanted Kahn due to his long experience as an R.H. Macy executive. Federated is seeking to take over the bankrupt Macy's chain.

Kahn, 48, is often described as a forceful merchant who at Macy's had a reputation for pulling divisions into shape.

His last job was with Montgomery Ward where he was president for 14 months until abruptly leaving last December. Reportedly, his relationship with Ward's chairman, Bernard Brennan, soured and was a factor in his departure. Kahn joined Macy's in 1975 and rose to senior vice president and general merchandise manager at Macy's New York. His next key post was president of the Atlanta division.

He moved to San Francisco to head Macy's California, but was pulled back to Atlanta in 1989 to merge the Macy's Southern stores and newly acquired Bullock's stores into Macy's South.

"He was very well regarded at Macy's, but kicked around a little bit with the mergers and dragged from coast to coast. I don't think that sat well with him," said one former Macy's executive.

Subsequently, when the Atlanta stores became a part of Macy's East and Bullock's joined Macy's West, Kahn left.

"Edward Finkelstein [former Macy's chairman] used him as his turnaround man. When a division had a problem, Hal Kahn was dropped into it," said Robert Kerson, of Levy & Kerson Associates executive search. "He's a very aggressive merchant, understands how to manage private label and brands and gets the products with the best returns."

At A&S, Kahn is back in another turnaround situation, Kerson added. But he also noted that Kahn could end up playing a bigger role at Federated if the company's bid for Macy's flies.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus