OFFSHORE MANAGER AT KMART: Thomas P. Downs was promoted by Kmart Corp. to divisional vice president for international and offshore retailing on Tuesday. This is a new post effective April 1. Downs, who joined the discounter in 1982, is a merchandise manager for appliances and electronics. He will oversee 29 Kmart stores in Hawaii, Guam, Puerto Rico and the Virgin Islands. He reports to Thomas W. Watkins, senior vice president, international retailing.
PETRIE PROMOTIONS: As part of a realignment of its contemporary division, Petrie Retail Inc. has promoted Pat Rego to vice president and fashion director, a new post. Rego, who was a divisional merchandise manager for bottoms, will be responsible for “driving the fashion area,” Petrie said.
Shannan Kolbe, who was merchandise manager for jeans and shorts, will assume Rego’s previous responsibilities for bottoms. Her new title is vice president and merchandise manager, bottoms.
Diane Abbate-Fox was promoted to merchandise manager, knitwear, a new post overseeing knit tops. She was a pants buyer.
Petrie, which filed Chapter 11 last year, operates 750 stores under Stuarts, Marianne, Jean Nicole and other names.
MOVING ON CANADA: Wal-Mart Canada will open a 104,000-square-foot store in Kanata, Ontario, on Friday, its 133rd Canadian unit.
Over all, Wal-Mart Canada, a division of Wal-Mart Stores Inc., expects to open five stores in Canada this year, including its first store in Nova Scotia, which will be a newly built unit in Halifax. Of the other new units, two will be in Quebec and one in Ontario.
Wal-Mart entered Canada in 1994 with its acquisition of 120 Woolco stores from Woolworth Corp. The chain now holds more than 40 percent of the Canadian discount market, according to company officials.
PROFITS SLIP, EXPANSION ON TRACK: Hurt by heavy promotions in December and January, Goody’s Family Clothing Inc. said fourth-quarter profits fell to $5.2 million, or 32 cents a share, from $5.9 million, or 37 cents.
The year-ago figure includes a special charges of $3.4 million for severance payments, legal fees and other costs. Sales in the quarter rose 9.1 percent to $228.7 million from $209.6 million, but same-store sales fell 0.8 percent.
Still, Goody’s expects to open 18 stores this year, including six units on May 2 in the Atlanta market. Single stores in Alabama, Tennessee and Mississippi opened earlier this month and nine stores will open in the fall.
The Knoxville, Tenn.-based mass merchant opened 13 stores last year and currently operates 187 units in 14 states.
“We are well positioned as we exit 1995, which was a year of transition, particularly with respect to our merchandising strategies,” Robert M. Goodfriend, chairman and chief executive officer, said in a statement.
ZELLERS PRESIDENT LEAVES: As part of a restructuring at Hudson’s Bay Co., Paul Walters has resigned as president and chief operating officer of the firm’s Zellers Inc. discount division.
Walters had held the posts for seven years. George J. Kosich, president and chief executive of the parent company and chairman of Zellers, will assume Walters’s responsibilities, Hudson’s Bay said.
Hudson’s also said it will consolidate the Montreal offices of Zellers with the offices of The Bay, its department store group, and the firm’s corporate headquarters in Toronto.