NEW YORK — A Kmart spokesman said Wednesday that Nicholas Just, the general merchandise manager for apparel, “left the company at the end of last week.”
This story first appeared in the May 22, 2003 issue of WWD. Subscribe Today.
The spokesman declined to provide any other details, but noted that the slot will likely be filled by promoting some of Kmart’s existing staff. He declined to disclose what positions those candidates might fill. So far, Kmart still hasn’t named a chief merchandising officer. Bill Underwood, the retailer’s sourcing and global logistics point-person, has been handling those responsibilities.
Market sources, which tipped WWD to the departure of Just, expressed concern that the firm doesn’t have a chief merchant for apparel, particularly with the back-to-school season so close at hand.
Kmart, as reported, exited its tour of bankruptcy court on May 6. Shares of the stock closed Wednesday at $14.20, up 27 cents, in over-the-counter trading.
The stock fell in its first day of trading on May 7 to $13.55 from an open of $15. Since then, it hit a high at $16.25 in intraday trading on May 12 before settling back into the $13 to $14 range, where its been for the last several days.