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Saks Fires 3 Executives Over Problems Found in Audit

Article Abstract:

Saks Inc. has fired senior executives Douglas E. Coltharp, Brian Martin and Brad R. Martin after an internal audit committee found irregularities in how the department store was dealing with vendor allowances. The internal investigation will effect the possible sale of Saks.

Author: Rozhon, Tracie
Publisher: The New York Times Company
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2005
Executive changes & profiles, Securities issued, listed, Officials and employees, Appointments, resignations and dismissals, Securities, Executives, Accounting, Company securities, Audit committees, Accounting procedures, Coltharp, Douglas E., Martin, Brian, Martin, R. Brad

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Stores and Vendors Take Their Haggling Over Payment to Court

Article Abstract:

There have been at least two dozen lawsuits between department stores and clothing suppliers over the last two years. The cases involve the practice of negotiated deductions for merchandise that did not sell, or had to be marked down.

Author: Rozhon, Tracie
Publisher: The New York Times Company
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2005
Contracts & orders received, APPAREL AND OTHER TEXTILE PRODUCTS, Legal/Government Regulation, Contracts & orders let, Apparel, Piece Goods, and Notions, Apparel, Textiles, Ftwr Whsle, Apparel, Piece Goods, and Notions Wholesalers, Cases, Contracts, Clothing industry, Contract agreement, Vendors and purchasers (Law), Clothing wholesalers

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Subjects list: United States, Company legal issue, Investigations, Accounting and auditing, Department stores, Saks Inc., SKS
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