With good times at an end, catalog CEO gets early holiday

Article Abstract:

Lands' End, a large mail-order catalog company, has to replace its CEO Michael Smith who chose to resign during the 1998 holiday season with industry consultant David F. Dryer. The holidays are usually one of the most hectic periods of the year for the firm because of heightened consumer demand. Davenport & Co. analyst Kenneth Gassman observed that the situation must be critical for management changes to be conducted at this time. Land's End has been experiencing duller business throughout 1998 with lower stock value, sluggish inventory turnover, fewer orders from customers, and duller sales growth.

Comment:

Has to replace its CEO Michael Smith who chose to resign during the 1998 holiday season with industry consultant David F. Dryer

Mail Order Houses, Electronic Shopping and Mail-Order Houses, Mail order business, Lands' End Inc., Article

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Recruiters cast covetous eyes at GE execs

Article Abstract:

General Electric executives are likely to be flooded by ego-stroking calls from headhunters. They are targeting executives passed over as CEO Jack Welch's successor and who could be wooed to run Fortune 500 companies. At the top of the list are GE's Aircraft Engines div head James McNerney and GE's Power Systems unit chief Robert Nardelli. Both were considered the likely successors to Welch before he announced the new CEO-designate, Jeffrey Immelt.

Household Appliance Manufacturing, Electric Appliances, General Electric Co.

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Casual clothes by intense design

Article Abstract:

Jhane Barnes Inc is a privately-owned, menswear company named after its owner, a woman named Jhane Barnes. Her company was able to generate $100 million in sales in 1999, making Barnes one of the foremost women designers in the upscale, designer-label mensweart market. Barnes' customers are described as affluent, self-assured and not fashion-timid. Her products include computer-designed ties, shirts, sweaters in vivid colors and textures.

Men's and Boys' Cut and Sew Apparel Manufacturing, Males' Clothing, Jhane Barnes Inc.

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