CEO rings up plan to restore Kmart

Article Abstract:

Kmart CEO Chuck Conaway has imposed a two-year program to restore the struggling discount retailer. Key points in his program are ensuring customers better, more productive shopping at Kmart's 2,100 stores, using new technology on inventory control and revamping merchandise. Currently, Conaway is expanding existing brands and developing new ones. The first year of Conaway's tenure has been a success, increasing Kmart shares to more than 50%. On Jun 26, 2001, shares closed down at $0.29 at $10.94.

Executive changes & profiles, All Other Specialty Food Stores, Variety stores, Discount Stores, Kmart Holding Corp., KM

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Slow reaction may haunt Firestone

Article Abstract:

Image consultants have criticized Bridgestone/Firestone's handling of the crisis regarding its tires which have caused 50 deaths and almost 200 accidents. As a result, the integrity of the Bridgestone/Firestone brand is in jeopardy. The company is the world's second largest tire maker, next to Michelin. Image consultants said Firestone's mistakes were that it downplayed the problem, it did not ally consumers' fears and bowed to pressure instead of putting consumer safety first.

Product standards, safety, & recalls, Tire Manufacturing (except Retreading), Tires, Bridgestone/Firestone North American Tire L.L.C.

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